Assuming that Vietnam imported US$600 million worth of products every year, then tax payments would stand at US$120 million with an average import tax rate of 20%. If banks charged guarantee fees at 2.5%, importers would have to pay US$3 million, which given an interest rate of 12% would rise to US$3.36 million, or some VND70 billion, said Nguyen Hoai Nam, deputy general secretary of VASEP.
“Seafood enterprises lose VND70 billion each year, which will be included in production costs. Bank revenues are rising thanks to this source,” said Nam at a conference on the draft regulation on import tax grace period with guarantee of credit institutions held by VASEP on Monday.
Most seafood firms have to import materials at certain times in a year, when the sea is rough, making it impossible for fishing.
Enterprises said the requirement for bank guarantee imposes an extra expense on them. The General Department of Customs, one of the compilers of the draft regulation, said enterprises could use letters of credit for the next shipments as collateral.
However, Nguyen Xuan Nam, director of Hai Vuong Co. Ltd., stressed the compilers were standing away from taxpayers. “Not all enterprises open letters of credit. My customers in Europe in the current economic downturn also fear collateral at banks,” he said.
Enterprises should be allowed to gain profits first, and then tax revenues would rise, said Nam.
Nguyen Pham Thanh, general director of foreign-invested Highland Dragon Company, specializing in canned seafood, said he was surprised at this regulation.
He said investment incentives and friendly business environment were what attracted the foreign investor. “But changes and inconsistency in policies now make us very disappointed,” he stressed.
VASEP said it would send a report to the National Assembly and relevant agencies on this issue in the coming sitting on October 22. In addition, the association is asking for a zero import tax rate.
According to VASEP, seafood material imports picked up sharply in the last two years. Import value rose from US$247.7 million in 2007 to US$541 million in 2011.
In 2011, imported seafood materials contributed some US$900 million to the total export value. Seafood material import value is estimated at US$600 million this year.
(seafood.vasep.com.vn) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.
(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.
(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.
(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
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