This shows enterprises have timely grasped and applied the incentives of the agreement, although initially implementing the confusion of procedures such as HS code declaration, declaration form of EUR1 certificate of origin, and other regulations ...
The most positive and obvious changes are shrimp and squid and octopus, of which shrimp went up by nearly 16% over the same period in 2019, up nearly 9% compared to July 2020; squid and octopus increased 10% over the same period in 2019 and nearly 24% compared to July 2020.
Pangasius exports recovered 4% compared to July but still decreased by nearly 24% compared to the same period in 2019. Tuna exports after increasing by 65% in July, exports in August decreased by 17% compared to the same period in 2019 and declined by 28% compared to July 2020. The export of other seafood products is similar to the trend of tuna: down 25% over the same period and down 14% compared to July 2020.
Exports to EU in the first 8 months of 2020
Total exports reached over US$ 600 million, down by over 13% over the same period in 2019. In which, shrimp still plunged by 2% over the same period in 2019, pangasius dipped by 34%, tuna, octopus, and other seafood declined by 9%, 37%, and 14% respectively.
Shrimp accounted for 52% of seafood exports to the EU, with the growth rate after EVFTA, is expected to account for a higher share in the coming months. Pangasius accounted for 15%, tuna accounted for 14% - These 2 products have no prospect of recovery in the last months of the year. Cephalopod represents 5%, and other seafood made up for 14%. It is forecasted that squid and octopus will increase by 10-15% in the last months of the year and the growth rate depends on raw materials exploited in the country.
The EVFTA Agreement took effect from 1 August 2020, 220 seafood products have a base tax rate of 0-22%, of which the high tax rate of 6-22% will be 0% from August 1. In particular, some processed products with a high basic tax rate (20%) will be immediately reduced to 0% such as oysters, scallops, squid, octopus, clams, oysters, processed abalone ...
For canned tuna and fish balls, the EU is destined for Vietnam the tariff quotas of 11,500 MT and 500 MT, respectively. Besides, most frozen squid and octopus products have a basic tax rate of 6-8%, will be reduced to 0%, other products such as surimi will be reduced from 14.2% to 0%, swordfish reduced from 7.5% to 0%.
Frozen black tiger shrimp and whiteleg shrimp products (HS code 03061792) are reduced from the current rate of 4.2% (GSP tax) to 0% from 1 August 2020. Other shrimp products according to the 3-5 year roadmap, for processed shrimp, the tax will be reduced from 7% (GSP) to 0% after 7 years.
For frozen pangasius, the tax reduction schedule is from 5.5% to 0% after 3 years, only for smoked fish has a road map of 7 years.
Frozen tuna products get tax reduction to 0% immediately, except for frozen tuna loin, which takes 7 years.
(seafood.vasep.com.vn) In the first three months of 2026, Vietnam’s exports of fish cake and surimi reached USD 63 million, down 5% compared to the same period last year. Although total export value declined slightly due to decreases in some key markets, many other destinations continued to post strong growth, opening up room for this convenience-oriented processed segment in the coming quarters.
(seafood.vasep.com.vn) Favorable weather conditions in the early months of 2026 have brought encouraging signs for fisheries activities in Quang Tri. Output has grown steadily, contributing to improved livelihoods for local residents.
Entering 2026, Vietnam’s seafood industry is facing a period of both high expectations and mounting pressures. Following the positive recovery in 2025, production and export activities in Q1/2026 demonstrated the strong adaptability of Vietnam’s seafood business community amid continued global trade volatility, intensifying international competition, and increasingly stringent compliance requirements in import markets.
(vasep.com.vn) In the first quarter of 2026, Vietnam’s shrimp exports reached USD 1.069 billion, up 17.5% compared to the same period in 2025. This is a positive result amid an uneven global shrimp market recovery, intensifying competition among major suppliers, and continued volatility in the international trade environment. However, this growth does not reflect a broad-based recovery across the entire sector, but rather is driven mainly by strong performance in a few markets and specific product segments—most notably lobster exports to China.
(seafood.vasep.com.vn) Vietnam’s tuna exports continued to decline in March 2026. Cumulatively, in the first three months of the year, export value reached USD 208 million, down 4% compared to the same period in 2025. The export landscape shows clear divergence across markets: while the U.S. and EU remain challenging, markets such as Russia, the Middle East, Egypt, the Philippines, and Mexico have emerged as growth bright spots.
(seafood.vasep.com.vn) In Quang Ngai Province, shrimp farming costs are rising sharply due to लगातार increases in feed, fuel, and input material prices, while farm-gate shrimp prices are declining. This has significantly reduced farmers’ profit margins and increased production risks.
(seafood.vasep.com.vn) Vietnam’s tilapia exports are experiencing impressive growth, reflecting expanding global demand as well as the sector’s development potential. However, behind the strong growth figures lie limitations in production capacity and supply chains, highlighting the need for sustainable development in the coming period.
(seafood.vasep.com.vn) Vietnam’s pangasius exports to the Middle East in 2025 and early 2026 have shown notable growth. However, escalating geopolitical tensions in the region have increasingly impacted export activities since March. This situation presents a challenge of balancing market expansion opportunities with rising trade risks.
(seafood.vasep.com.vn) The Quang Tri Department of Agriculture and Environment has instructed localities to base their stocking schedules on actual conditions in each farming area, while developing plans, allocating resources, and implementing synchronized measures for disease prevention and disaster risk management in aquaculture production.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s exports of fish cakes and surimi exceeded USD 45 million, up 7% compared to the same period in 2025, indicating a positive outlook for this product segment amid recovering demand in many markets.
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