Ho Chi Minh City, 12 June 2025 - In a solemn atmosphere, on June 12, 2025, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held the 7th General Assembly, term 2025–2030 in Ho Chi Minh City. The event took place right after the Political Bureau issued Resolution 68-NQ/TW (May 4, 2025), identifying the private economy as an important driving force for growth, opening up new expectations for the seafood business community.
The leader of VASEP emphasized in his opening speech at the Congress: “This is an important occasion for the entire industry to look back on the past 5 years, and at the same time discuss and agree on strategic directions for the next period. The common goal is to enhance the role of the Association, strengthen the strength of member businesses and promote sustainable development of the Vietnamese seafood industry in the new context.”
Overcoming the waves and reaching far: the mark of the 2020–2025 term
The 2020–2025 period is a period of great turmoil. COVID-19 has disrupted supply chains, geopolitical conflicts and trade barriers have increased, and climate change has become more severe. However, the Vietnamese seafood industry has held firm and achieved many successes.
After the difficult period of 2020-2021, in 2022, seafood exports reached a record of 11 billion USD - a feat in the context of global instability. 2023 continued to be a challenging year with large inventories, falling import prices and the IUU yellow card not being removed, but the industry still maintained its growth momentum. 2024 marked a victory in the shrimp anti-subsidy lawsuit in the United States - the lowest tax rate among the investigated countries - creating momentum for recovery, bringing exports back to the 10 billion USD mark.
Under the direction of the VASEP Executive Board, with the support of the Government and the business community, and the cooperation and support of the business community - fishermen - localities, the seafood industry has made many outstanding marks. Many product groups such as shrimp, pangasius, tuna have become billion-dollar industries. Enterprises invest heavily in deep processing, value-added products and meet the standards of high-end markets.
Concurrently, the Association has proactively implemented many activities to support members: policy review, trade promotion, training, communication information and market connection. In particular, the Prime Minister's Conference with VASEP in April 2023 is an important milestone, demonstrating the deep concern of the Government and the Prime Minister for the seafood industry and the Association's bridging role in reflecting and proposing solutions to remove difficulties for businesses, developing the market and improving the position and capacity of the industry.
New challenges and opportunities in the 2025-2030 term
Entering the new term, the seafood industry faces many new challenges, requiring innovative thinking, long-term strategy and close connection between the parties. New generation free trade agreements (EVFTA, CPTPP, UKVFTA, etc.) continue to open up opportunities for tariffs, but at the same time pose higher requirements for traceability, green development and social responsibility.
One of the major challenges today is the reciprocal tax imposed by the United States on Vietnamese goods, including seafood. This is not only a cost obstacle, but also requires businesses to improve their trade defense capacity and adjust their supply chains towards transparency and sustainability.
In addition, production costs continue to escalate, international competition is fiercer from countries such as India, Thailand, Ecuador. Climate change reduces the resources and quality of raw materials. The IUU yellow card also continues to be a major challenge in exports. Green, clean, socially responsible, and low-emission standards are no longer a trend, but a mandatory requirement of the market.
Motto in the new period
In that context, the 7th General Assembly determined the motto for action throughout the term as: "Proactive adaptation - Innovation - Sustainable development."
This is not just a slogan, but a strong commitment to action of the entire Association and the member business community.
At the Congress, delegates discussed and decided on many important contents:
The goal by 2030 is to develop the Vietnamese seafood industry in a modern, sustainable direction, with global competitiveness, with export turnover reaching 14-16 billions USD.
(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.
(vasep.com.vn) Vietnam’s shrimp exports reached $3.3 billion in the first eight months of 2026, up 12% year on year. However, growth momentum is moderating and market divergece is becoming more pronounced, while the US and EU continue to present significant challenges. The latest insights from the Global shrimp forum 2026 (GSF 2026), held in early September, also indicate that the final months of the year will remain highly competitive as global supply continues to expand and buyers place greater emphasis on quality, product specifications, supply consistency and the ability to meet market-specific demand.
(vasep.com.vn) Vietnam’s pangasius exports continued to grow in August 2026, bringing total export value in the first eight months of the year to US$1.5 billion, up 10% year-on-year. August exports alone reached US$205 million, up 6%. However, market performance has become increasingly divergent, with China and Brazil posting positive growth while the U.S. continued to record a sharp decline.
(vasep.com.vn) Vietnam’s seafood exports reached US$1.14 billion in August 2026, up 6.4% year on year, bringing the total for the first eight months to more than US$8.0 billion, an increase of 11.9%. Monthly export value remained above US$1 billion, but August growth was only around half the rate recorded cumulatively through the first eight months. This indicates that the eight-month result was supported significantly by stronger performance in earlier months, while market conditions are entering a less predictable period.
(seafood.vasep.com.vn) Pangasius is attracting growing interest from Japanese seafood companies as prices of many traditional whitefish species remain high and supply becomes increasingly volatile. Notably, seafood group Kyokuyo has recently continued to feature pangasius among its priority products, highlighting its competitive pricing and stable supply.
(seafood.vasep.com.vn) As Vietnam’s tilapia industry searches for new growth opportunities, venturing into brackish-water aquaculture could unlock a formidable competitive moat. Bypassing the volume-and-price bloodbath against established global heavyweights, Vietnam could differentiate itself through high-quality tilapia products tailored to specific farming conditions and value-added market segments.
(seafood.vasep.com.vn) 2026 is rapidly shaping up to be a formidable stress test for Vietnamese pangasius exports to the United States. While exports to alternative markets maintain a resilient growth trajectory, the U.S market has declined significantly. In the first eight months of the year, pangasius exports to the U.S fell by nearly 14% year-on-year, with August alone recording a decline of more than 50%. The trend shows that difficulties in the U.S. market are not driven solely by weak consumer demand, but also by multiple layers of trade barriers that are intensifying simultaneously, particularly additional import tariffs, anti-dumping duties and growing protectionism for the domestic catfish industry.
(vasep.com.vn) Vietnam’s pangasius exports to Japan are showing positive signals in 2026, indicating that the market is opening up greater opportunities for pangasius products, particularly processed and value-added products. In the first seven months of 2026, Vietnam’s pangasius exports to Japan reached US$31 million, up 20% year-on-year. In July alone, export value reached approximately US$5 million, up 30%.
On July 22, 2026, the Government issued Decree No. 292/2026/ND-CP detailing certain articles and providing measures for the organization and implementation of the Law on Foreign Trade Management. The Decree takes effect on September 5, 2026, replacing Decree No. 69/2018/ND-CP.
(vasep.com.vn) Vietnamese pangasius producer Vinh Hoan has won the top prize at the 2026 Seafood Excellence Asia Awards for its Cured Panga Croquette, highlighting the growing potential of value-added pangasius products in international markets.
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
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn