A wide range of US agricultural products will soon enter the Vietnamese market at more competitive prices, following a significant reduction in import tariffs which took effect on March 31, 2025. Under Decree No. 73/2025/ND-CP, issued by the Government, Vietnam lowered import duties on various essential goods, mainly agricultural products, automobiles, and input materials for key industries. The Ministry of Finance confirmed that the adjustment reflects Vietnam’s strategy to promote trade liberalisation with key partners, especially the United States, and support domestic consumption. Accordingly, the tariff cut is from 20% to 15% for frozen chicken thighs, while the import tax drops from a range of 8-12% to 5% for unshelled pistachios, almonds, fresh apples, cherries and raisins. The import tariffs of corn for animal feed and soybean meal are reduced from 1-2% to zero. The reduction is expected to enhance consumer access to imported goods and reduce input costs for sectors such as livestock farming, which relies heavily on imported corn and soybean by-products. The decree also applies to non-agricultural goods. Notable changes include cars with codes of HS 8703.23.63 and 8703.23.57 having a tariff cut from 64% to 50%, and autos with HS 8703.24.51 code enjoying new rate dropping from 45% to 32%. The import tariffs also slide from 10% to 5% for ethanol and from 5% to 2% for liquefied natural gas (LNG). Notably, the tariffs drop to zero from 20-25% for wood products under 44.21, 94.01 and 94.03 groups. The US is one of the major suppliers of agricultural goods to Vietnam. In 2024, the exports of US agricultural products, primarily cotton, soybeans and tree nuts, reached 3.4 billion USD, accounting for over a quarter of total US exports to Vietnam. According to economist Dinh Trong Thinh, the tariff cuts will stimulate import turnover and give consumers more affordable options. Essential goods will reach the consumers more quickly and at better prices. The livestock sector, in particular, stands to benefit from the 0% tax on corn imports. Vietnam currently imports nearly all corn volume for animal feed, with a value of 3.04 billion USD in 2024 - a 6.1% rise from 2023. Meanwhile, according to US fruit exporters, despite growing demand in Vietnam for products such as apples, grapes, cherries and oranges, the high tariffs have limited their market access in this Asian country. In 2024, Vietnam imported nearly 550 million USD worth of US fruits and vegetables, a 64% increase from the previous year. At present, Vietnam and the US are also negotiating to open the market to more American fruits, including tangerines, lemons and plums. The tariff reductions come amid efforts to address trade imbalances. Experts say the policy will help diversify Vietnam’s import goods and enhance its trade relationship with the US./.
Source: VietnamPlus
(seafood.vasep.com.vn) In the first three months of 2026, Vietnam’s exports of fish cake and surimi reached USD 63 million, down 5% compared to the same period last year. Although total export value declined slightly due to decreases in some key markets, many other destinations continued to post strong growth, opening up room for this convenience-oriented processed segment in the coming quarters.
(seafood.vasep.com.vn) Favorable weather conditions in the early months of 2026 have brought encouraging signs for fisheries activities in Quang Tri. Output has grown steadily, contributing to improved livelihoods for local residents.
Entering 2026, Vietnam’s seafood industry is facing a period of both high expectations and mounting pressures. Following the positive recovery in 2025, production and export activities in Q1/2026 demonstrated the strong adaptability of Vietnam’s seafood business community amid continued global trade volatility, intensifying international competition, and increasingly stringent compliance requirements in import markets.
(vasep.com.vn) In the first quarter of 2026, Vietnam’s shrimp exports reached USD 1.069 billion, up 17.5% compared to the same period in 2025. This is a positive result amid an uneven global shrimp market recovery, intensifying competition among major suppliers, and continued volatility in the international trade environment. However, this growth does not reflect a broad-based recovery across the entire sector, but rather is driven mainly by strong performance in a few markets and specific product segments—most notably lobster exports to China.
(seafood.vasep.com.vn) Vietnam’s tuna exports continued to decline in March 2026. Cumulatively, in the first three months of the year, export value reached USD 208 million, down 4% compared to the same period in 2025. The export landscape shows clear divergence across markets: while the U.S. and EU remain challenging, markets such as Russia, the Middle East, Egypt, the Philippines, and Mexico have emerged as growth bright spots.
(seafood.vasep.com.vn) In Quang Ngai Province, shrimp farming costs are rising sharply due to लगातार increases in feed, fuel, and input material prices, while farm-gate shrimp prices are declining. This has significantly reduced farmers’ profit margins and increased production risks.
(seafood.vasep.com.vn) Vietnam’s tilapia exports are experiencing impressive growth, reflecting expanding global demand as well as the sector’s development potential. However, behind the strong growth figures lie limitations in production capacity and supply chains, highlighting the need for sustainable development in the coming period.
(seafood.vasep.com.vn) Vietnam’s pangasius exports to the Middle East in 2025 and early 2026 have shown notable growth. However, escalating geopolitical tensions in the region have increasingly impacted export activities since March. This situation presents a challenge of balancing market expansion opportunities with rising trade risks.
(seafood.vasep.com.vn) The Quang Tri Department of Agriculture and Environment has instructed localities to base their stocking schedules on actual conditions in each farming area, while developing plans, allocating resources, and implementing synchronized measures for disease prevention and disaster risk management in aquaculture production.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s exports of fish cakes and surimi exceeded USD 45 million, up 7% compared to the same period in 2025, indicating a positive outlook for this product segment amid recovering demand in many markets.
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