Speaking at the annual meeting of the Viet Nam Association of Seafood Producers and Exporters (VASEP) in HCM City yesterday, he said there had been complaints from seafood processing companies about numerous difficulties in importing raw seafood for re-export.
Truong Dinh Hoe, VASEP general secretary, said Viet Nam imported seafood worth US$541 million from 74 countries and territories last year.
Around 80 per cent of it was for processing for re-export, the rest was for breeding and local consumption, he said.
With local supply being unstable for long now, importing seafood to process for export has been vital for companies to maintain production and sustain jobs, according to the report.
Despite the EU's debt problems and other difficulties, the seafood industry should continue to consider it as a key export market, Hoe said.
But they should also focus more on emerging markets in Asia, especially ASEAN members, due to their high demand for seafood products, particularly tra fish products, he said.
The association would draft programmes to boost exports of shrimp and tra fish products to South Korea and South America, he said.
Global seafood demand was expected to recover at the end of the year, he said, adding that along with policy support and companies' efforts to restructure, this would enable the seafood industry to meet the year's export target of $6.5 billion.
Fisheries bailout
Viet Nam Development Bank (VDB) has agreed in principle to support tra fish farmers, processors and exporters facing a hard time, according to the VASEP.
Last week, the bank sent a document to Prime Minister Nguyen Tan Dung requesting him to approve three proposals to bail out the industry under Government Resolution No 13/NQ-CP. The proposals, involving more than $330 million in loans, were composed by the bank and VASEP.
VASEP said the tra fish industry had a serious shortage of capital and raw materials. Production was stagnant.
It added that if there were no timely solutions, about 20-30 per cent of producers would go bankrupt this year, affecting any future development.
While waiting for the Prime Minister's approval on policies to deal with investment and export credit risks, the document asked the bank to be allowed to extend loans to seafood and tra fish exporters. The debt would be scheduled for payment within two years.
VDB said it would take responsibility for co-ordinating with VASEP to review and process each specific case. This could mean rescheduling debts or continuing to offer loans to maintain production, exports and stable employment.
Next, while waiting for export credit regulations to be issued under Decree No 75/2011/ND-CP, the bank asked to be allowed to help processors get loans to buy fish from farmers.
Farmers would also be allowed to access loans to develop fish breeding areas and repay them from their export contracts.
Finally, to save large seafood exporters grinding to a halt, the two organisations proposed that: "Besides the above solutions, relevant State bodies and VASEP will work out solutions to enable them to restructure the organisation, settle financial problems, and improve productionmanagement".
In May, VASEP asked the bank to offer emergency support to the tra fish industry. According to VASEP, the processors need a total capital estimated at VND5 trillion (US$238 million) to buy 200,000 tonnes of tra fish.
The association said the companies already had export contracts and wanted the bank to help them purchase the raw product with four-month loans at preferential interest rates below 10 per cent per year.
In addition, companies that breed tra fish require a combined VND2 trillion ($95.2 million) to be able to annually supply 100,000 tonnes of fish.
(seafood.vasep.com.vn) Vietnam is stepping up efforts to combat illegal fishing, protect marine ecosystems, expand digital monitoring, and develop science-based management to ensure the sea can support communities and the economy for generations to come.
(seafood.vasep.com.vn) The EU remains a critical market for Vietnamese shrimp; however, purchasing demand and import patterns are undergoing notable changes. According to Vietnam Customs data, as of September 15, 2026, Vietnam’s shrimp exports to the EU reached nearly $374 million, down 5% year-over-year and accounting for 10.7% of the country’s total shrimp export value. Meanwhile, the EU’s stotal shrimp imports through July 2026 contracted by 7% in volume, exhibiting divergent trends across Southern Europe, Northwestern Europe and Eastern Europe. These dynamics necessitate that Vietnamese enterprises closely monitor individualized market demand, rather than approaching the EU as a monolithic consumer block.
(seafood.vasep.com.vn) In the first eight months of 2026, Vietnam’s exports of surimi and fish cakes remained relatively stable year-over-year compared to 2025. Following a contraction in the initial months, export performance demonstrated improvement from June onward, peaking in August. However, the recovery has been uneven, characterized by divergent trends across major markets: robust growth was recorded in China, Japan, Malaysia, the United States, and Taiwan, whereas export volumes to South Korea, Indonesia, and select European markets contracted.
(seafood.vasep.com.vn) Pangasius remains one of Dong Thap’s key aquaculture species, with the province focusing on developing an integrated value chain covering seed production, commercial farming, deep processing and by-product utilization. The province is promoting high-tech, circular pangasius farming models featuring reduced water exchange and enhanced biosecurity, aiming to improve production efficiency and strengthen control over raw material quality.
(vasep.com.vn) Vietnam’s seafood exports in September 2026 are estimated at US$1.135 billion, up 11.9% year-on-year, bringing total exports in the first nine months of the year to US$9.103 billion, up 11.4%. Behind this double-digit growth, however, increasingly divergent market trends are emerging: China–Hong Kong and ASEAN posted strong growth, while the U.S., EU and Japan all recorded declines in September.
(vasep.com.vn) In the first eight months of 2026, Brazil became the largest market for Vietnamese tilapia, with export value reaching US$44 million, up 22,142% year-on-year and accounting for 49% of Vietnam’s total tilapia exports. In August alone, exports to Brazil reached US$4 million. However, behind this remarkable growth is a market that is imposing increasingly stringent requirements on imported supplies.
(vasep.com.vn) Vietnam’s tuna exports sustained their upward trajectory in August 2026, though the pace remained modest at just 2%. The month saw divergent trends across key markets: the US maintained its leading position, Japan and Canada improved, Russia surged and the EU continued to experience a steep downturn. These developments suggest that exporters are entering the final months of the year amid a market environment marked by greater uncertainty.
(seafood.vasep.com.vn) Congalsa has acquired the entire charter capital of Lenger Seafood Vietnam, giving it full ownership of the business and its Nam Dinh processing facility.
(seafood.vasep.com.vn) Ninh Binh Province is entering a peak period of action against illegal, unreported and unregulated (IUU) fishing, focusing on thoroughly addressing violations, closely monitoring fishing vessels at ports and preventing vessels from violating regulations and operating illegally in foreign waters ahead of the European Commission’s (EC) upcoming inspection in 2026.
(vasep.com.vn) The application of biotechnology in seed production is increasingly viewed as a strategic imperative to upgrade pangasius fingerling quality, optimize farming efficiency and anchor sustainable industry development.
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
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