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) By the end of 2025, Vietnam’s seafood industry had left a strong mark with export turnover reaching nearly $11.3 billion, up 12.4% year-on-year. This robust performance reflects not only a rebound in global consumption demand but also the agile adaptation of domestic firms in navigating increasingly stringent trade barriers.
(seafood.vasep.com.vn) According to the 2025 review and 2026 outlook conference held by the Directorate of Fisheries and Fisheries Surveillance on the afternoon of January 7, Vietnam’s seafood sector has set a total production target of over 10 million tons in 2026, representing a 0.6% increase year-on-year. Of this total, capture fisheries are projected at around 3.75 million tons (down 2.1%), while aquaculture output is expected to reach 6.25 million tonnes (up 2.2%) compared with 2025.
(seafood.vasep.com.vn) Sao Ta Food JSC (Fimex, Ticker: FMC) has announced its 2025 business results, reporting revenue of over $300 million (approximately 7.8 trillion VND), representing a 19.8% increase year-on-year; projected profit is expected to reach approximately 420 billion VND.
(seafood.vasep.com.vn) Vietnam’s fisheries sector concluded 2025 with landmark achievements: export turnover reached a record high, despite heightened volatility in global trade and increasingly stringent barriers from major markets, most notably the United States. Amid a mix of opportunities and challenges, the fisheries sector also witnessed important policy shifts. Together, these developments form a multifaceted picture of an industry proactively adapting and restructuring toward a trajectory of sustainable development.
(seafoos.vasep.com.vn) According to the Department of Agriculture and Environment of Vinh Long, the province’s shrimp farming area reached 69,800 hectares in 2025, including 7,500 hectares under high-tech farming models, 18,820 tons of black tiger shrimp and 293,000 tons of whiteleg shrimp.
(seafood.vasep.com.vn) Building on a robust growth momentum in 2025, Nghe An province has set a strategic goal to reach a total fisheries output of 270,000 tons by 2026, reinforcing its position as a key hub for aquaculture and exploitation.
(seafood.vasep.com.vn) Can Tho City statistics indicate that in 2025, following the merger of three former administrative entities - Can Tho, Hau Giang and Soc Trang - fisheries output in 2025 increased by 6.23% compared with 2024 with aquaculture production nearly 9.1 times higher than capture fisheries.
(seafood.vasep.com.vn) According to the Ca Mau Department of Agriculture and Rural Development, Ca Mau province has achieved significant, comprehensive and substantive progress in combating IUU fishing in 2025, successfully fulfilling all tasks directed by the central government and strengthening fisheries governance. These efforts have established a solid foundation for the nationwide effort to lift the EC’s "yellow card" warning.
(seafood.vasep.com.vn) Ca Mau has exceeded its 2025 production targets, reaching nearly 595,000 tons of shrimp. This milestone reinforces the province’s position as Vietnam’s leading shrimp producer and a bright spot in the country’s seafood sector.
(seafood.vasep.com.vn) According to Vietnam Customs data, cumulative shrimp exports from the beginning of the year through November reached $4.3 billion, up 21% year-on-year, continuing to serve as the primary growth driver of the entire seafood sector. In November alone, export turnover amounted to $393 million, up 14%.
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