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) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
By the end of Q3/2025, Vietnam’s seafood industry recorded a clear recovery as a series of leading companies reported strong profits — some even achieving the highest results in their history. After several quarters struggling with high costs and weakened demand, the latest business results indicate a robust comeback across the industry.
(seafood.vasep.com.vn) On November 12 in Ho Chi Minh City, the Embassy of the Netherlands, in coordination with the Ministry of Agriculture and Environment, organized the Vietnam–Netherlands Business Forum under the theme “Shaping the future of sustainable aquaculture in the Mekong Delta.”
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