In March, Vietnam exported seafood to 130 markets, in which, the US market was still the pioneer in both turnover and export growth with 136 million USD, up by 36% compared to March 2020, accounting for nearly 20% of total seafood exports of Vietnam, followed by Japan with 125 million USD, accounting for 17.6%. Ranked third is the Chinese market with 103 million USD, up by 15% and accounting for 14%. Exports to South Korea also increased by 15% to 65 million USD, being the fourth market, accounting for 9%.
Demand for seafood in the retail and service segments both tends to increase in major markets such as the US and EU and China's removal of the congestion at import ports since March has had a positive impact to Vietnam's seafood export activities to these markets.
However, seafood export data in March as well as the first 3 months of 2021 shows that there are single markets, which are not in the top 5 seafood import markets of Vietnam, have impressive growths and are gradually asserting their indispensable position in Vietnam's seafood exports. Those are Thailand, UK, Russia, Australia, Canada, which account for 3-4% each of Vietnam's seafood exports.
Seafood exports from Vietnam to Thailand in March increased by 44%, to the UK increased by 20%, to Russia increased by 68%. Exports to 2 CPTPP countries, Australia and Canada, increased by 28% and 9%, respectively.
In the export turnover to Thailand, 30% of the value comes from processing activities of joint venture companies, processing marine fish products such as surimi, fish cakes and canned tuna ... the rest are products of Vietnam enterprises. Vietnam mainly exports to this market pangasius, frozen squid, dried squid ...
Increasing retail sales of seafood in the UK from the beginning of the year, especially with warm water shrimp, tuna and some marine fish are favorable factors for Vietnamese seafood enterprises. Russian import demand also tends to increase, the room for Vietnamese enterprises is being expanded. Recently, Russia announced more 9 seafood processing companies and factories to the list of exporters allowed to export seafood to this market, bringing the list to 44 units allowed to export to Russia.
By the end of the first quarter of 2021, Vietnam's seafood exports reached US $ 1.73 billion, an increase of nearly 7% over the same period last year. In particular, shrimp exports increased by 5% to 661 million USD, pangasius exports increased by 3% to 344 million USD, tuna reached 151 million USD, also up 3%, other marine fish increased by sharply 14% to 402 million USD, cephalopod sales increased by 8% to 116 million USD.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
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