This plan is based on a projection that total export turnover for the second half of the year will reach USD 31.6 billion, down 4.8% year-on-year, with an estimated loss of USD 1.6 billion if current retaliatory tariffs remain in place. In the first half of the year, export value was estimated at USD 33.5 billion and imports at USD 23.5 billion, representing year-on-year increases of 14.3% and 23.5%, respectively.
The ministry has outlined a roadmap: total exports should exceed USD 17 billion in Q2, reach USD 14–15 billion or more in Q3, and surpass USD 16 billion in Q4.
A farmer in Nga Nam town (Soc Trang) harvesting winter-spring rice. Taken on March 10, 2020. Credit: Nguyet Nhi.
To meet the 2025 target, the Ministry of Agriculture and Environment calls for the maximum use of the current tax deferral period, balancing the trade deficit with the US market, seizing short-term export opportunities in Q2 and early Q3, and maximizing export value in the second half of the year.
Forestry products, especially wood and wood-based goods, face the greatest pressure from US tariffs due to their large market share (67% of total export turnover). The 2025 export goal is USD 18.5 billion, a 7% increase over 2024 (with USD 8.4 billion in the first half and USD 10.1 billion in the second half).
The ministry recommends that businesses continue to identify and maintain product lines suitable for export to the US. To help reduce the trade imbalance, companies are also encouraged to increase imports of logs, sawn timber, and wood materials from the US.
At the same time, businesses should expand exports to Europe, Japan, Australia, Canada, and the Middle East—markets with strong resort development potential—to offset the decline in major markets. Participation in international trade fairs should also be enhanced to promote products directly to these markets.
For fisheries, which face the second-greatest pressure from US tariffs, the 2025 export goal is USD 10.5 billion, up 4.3% from 2024, with USD 5.4 billion expected in the second half of the year.
The ministry notes that retaliatory tariffs have had a significant impact on the fisheries sector, especially compared to competitors like India, Thailand, Indonesia, and Ecuador. In addition, consumer demand—particularly for shrimp and salmon—has shown a downward trend in early 2025.
Therefore, the Ministry of Agriculture and Environment proposes boosting pangasius exports, maintaining market share, and expanding sales of fresh seafood to China.
In addition to forestry and fisheries, to achieve the USD 65 billion target, the ministry has also outlined measures to promote exports of key agricultural products such as coffee, pepper, cashew nuts, tea, and rubber.
(seafood.vasep.com.vn) The year 2026 marks a period of strong growth for Vietnam’s tilapia industry, but it is also a time when international export competition is becoming increasingly intense. Vietnam’s tilapia exports reached USD 99 million in 2025, up 140% compared to the previous year. In the first four months of 2026 alone, export value reached USD 49 million, a 151% increase year-on-year. As global demand for affordable whitefish continues to rise, Vietnam is emerging as a noteworthy competitor to traditional tilapia powerhouses such as China, Indonesia, Brazil, and Egypt.
(seafood.vasep.com.vn) With continued policy support, technological innovation and close coordination among authorities, businesses and farmers, Vietnam’s pangasius industry is expected to make a strong and sustainable breakthrough during the 2026–2030 period, reinforcing its position as the world’s leading exporter of the fish.
(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s tilapia exports to Asian markets showed varying trends across regions and countries. The Middle East recorded strong growth, with Saudi Arabia emerging as the largest Asian market for Vietnamese tilapia. ASEAN markets also expanded significantly, driven primarily by Malaysia. Meanwhile, Japan maintained solid growth, while exports to South Korea declined compared to the same period in 2025.
(seafood.vasep.com.vn) Shrimp and pangasius continued to lead growth, helping seafood exports reach $4.67 billion in the first five months of the year; however, differentiation among product groups and increasingly stringent requirements from importing markets are posing many challenges for the industry.
(seafood.vasep.com.vn) Every day, the seafood processing industry in Ca Mau generates large quantities of shrimp heads and shells during processing operations. In the past, these by-products were largely treated as waste, increasing production costs and posing potential environmental risks. However, thanks to advanced processing technologies, materials once considered waste are now being transformed into high-value products, creating a circular economy model within the seafood industry.
(seafood.vasep.com.vn) Vietnam Clean Seafood Corporation has invested in a 280-hectare super-intensive shrimp farming zone in Tran De Commune, Can Tho City, generating export value of approximately VND 3 billion per hectare per year—around 50 times higher than traditional agricultural production.
(vasep.com.vn) Vietnam’s seafood exports reached USD 1.02 billion in May 2026, up 0.6% year-on-year. Cumulative exports in the first five months of 2026 totaled USD 4.67 billion, an increase of 11% compared to the same period in 2025.
(seafood.vasep.com.vn) In a rapidly changing global seafood market, timely insights and reliable data are more critical than ever. The Report on Vietnam Seafood Exports in Q1/2026 provides a comprehensive overview of the latest developments in Vietnam’s seafood production, trade performance, and export trends, helping businesses navigate uncertainty and identify new growth opportunities.
(seafood.vasep.com.vn) While many major markets continue to experience slow growth, Russia has emerged as a brighter destination for Vietnamese tuna exports in early 2026. Export turnover to this market increased by nearly 55% in the first four months of the year, indicating a clear improvement in demand. Nevertheless, Russia remains a market that should be viewed with both optimism and caution.
(seafood.vasep.com.vn) Vietnam’s pangasius exports have shown encouraging signs of recovery in 2026. In the first four months of the year, total export turnover reached USD 720 million, up 17% compared to the same period last year. This result reflects improving demand across many markets, as well as the efforts of Vietnamese pangasius enterprises to maintain production, secure orders, and adapt to changing market conditions.
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