In the first 2 months of 2015, total surimi exports of Vietnam to ASEAN increased, growth slowed down in single markets. Specifically, exports to Singapore, the second largest import market, valued at US$ 2 million down by 13.3% over the same period.
Exports to Russia, the most notable in the top eight markets, continued to increase US$ 2.3 million, with growth rate of 68.2%. Russian companies started to import from Asian countries after the ban on seafood imports from western countries. With competitive in price in Southeast Asia and Europe, tropical surimi recovered its shares in markets and created opportunities for Vietnamese companies to strengthen export.
South Korea is the world’s second dominant surimi market. Surimi exports from Vietnam to this market have been continuously growing from late 2014. South Korea, accounting for over 33% of total exports from Vietnam, continued to be the most favorite destination for Vietnam surimi. In the first 2 months of this year, companies earned a total value of over US$ 13.3 million, up 22.4% year on year.
Surimi exports of Vietnam to Japan increased constantly during the first months of this year. Cumulative export value reached US$ 4.8 million, up 33.6% year on year. As inventory maintained at a low level, importers stock up despite the depreciation of the yen. Reportedly, over 100,000 MT of pollock surimi was imported in Japan from January to November 2014, up 22% year on year.
Exports to the US in two months of 2015 reached US$ 259 thousand, revealing an increase of 31.2%. Pollock surimi imports of the US in the first 11 months of 2014 reached 104,701 MT.
Since 2012, the surimi importers in Asia have been favored for Alaska pollock surimi in stead of tropical surimi. This trend is expected to reverse as price rises. Price of tropical surimi is lower with lower priced material and low transportation costs. Therefore, Vietnam surimi exports have been increasing recently.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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