The Covid pandemic caused a sharp increase in the cost of sea transport to the European and American markets and the shortage of containers, which significantly affected Vietnam's seafood export activities. Among export items, shrimp had the highest sales, accounting for 38% while marine fish (except tuna) had the most positive growth, up over 14% and accounting for 23% of seafood exports. Ranked third is pangasius with 344 million USD, up slightly 3% and accounting for 19%. Tuna exports increased slightly by 3% to 344.2 million USD, while the export of squid and octopus increased by nearly 8% to 116 million USD.
While Covid-19 continues to affect exports of high-priced fresh frozen seafood products such as fresh fish, squid, frozen octopus, and tiger shrimp, the exports of canned seafood products, dry, surimi, fish sauce ... have the potential for strong growth in the first quarter of this year.
In the first quarter of 2021, Vietnam exported seafood to 140 markets, of which the US market was still the pioneer in both turnover and export growth, accounting for nearly 19% of Vietnam's total seafood exports. Next is Japan with 17.6%, ranked third is the Chinese market with 11%.
Demand for seafood in the retail and service segments both tends to increase in major markets such as the US, EU and China's resolution of the congestion of import ports since March has had a positive impact. to Vietnam's seafood export activities to these markets.
How will the new Covid wave affect Vietnam's seafood production and export in the second quarter and the whole year 2021? Does Vietnam have the opportunity and room to increase exports to markets when Asian seafood producing and processing countries are heavily affected by the Covid epidemic?
We would like to invite the businesses and readers to register the Report on Vietnam Seafood Export in Quarter I/2021 to get a detailed information and satistic on sales, prices and export trends of Vietnamese seafood products in the first 3 months of the year, assessment of supply-demand of markets and forecast of production and export of seafood in the second quarter and the following months of 2021.
See table of content, list of figures and tables in the Report here.
Navico, or Nam Viet Joint Stock Company, stands as one of Vietnam's pioneering enterprises in the farming, processing, and export of aquatic products, particularly pangasius (catfish). Established in 2000 in An Giang Province – the largest aquaculture hub in the Mekong Delta – Navico has solidified its position in the international market through superior product quality and a commitment to sustainable development. On April 4, 2025, Navico signed a green trade credit agreement with United Overseas Bank (Vietnam) (UOB Vietnam), marking a significant milestone in its journey toward green transformation.
According to the Board of Directors' report, IDI successfully maintained its traditional customer base in 2024 while expanding into high-potential markets, particularly the United States, benefiting from a significant reduction in anti-dumping duties.
Recently, Vietnam's La Vong fish cake was ranked number 1 in the list of the world's best white fish dishes by the world-famous culinary website Taste Atlas.
Currently, many households in the suburbs of Ca Mau City are implementing a fairly effective pangasius farming model, bringing in a stable source of income. Unlike the industrial scale in other provinces in the region, the pangasius farming model here is quite simple, low-cost, and is considered a promising direction for farmers.
Over 200,000 ha of Vietnam's shrimp farms are cultivated organically and ecologically, certified by international organizations.
Vĩnh Hoàn Corporation (stock code: VHC – HoSE) has outlined an ambitious business plan for 2025, targeting revenue of VND 13,800 billion (up 10.3% from 2024) and after-tax profit of VND 1,500 billion (up 22.3%). This follows a successful 2024, where the company recorded revenue of VND 12,513 billion (exceeding 109% of the plan) and after-tax profit of VND 1,226 billion (surpassing 123% of the VND 1,000 billion profit target). The 2025 Annual General Meeting of Shareholders is scheduled for April 24 in Ho Chi Minh City to discuss these plans.
Sa Giang Import-Export Corporation continues to assert its position as one of the leading export enterprises in Đồng Tháp, achieving a revenue of thousands of billions of VND from shrimp crackers and rice paper in the past year.
(seafood.vasep.com.vn) After three years of implementation, the UK-Vietnam Free Trade Agreement (UKVFTA) has yielded positive results for Vietnam’s tuna exports. The United Kingdom officially became a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on December 15, 2024. This is expected to bring significant benefits for seafood enterprises, particularly in terms of tariffs and intra-bloc origin regulations - especially for tuna products.
On March 3, Sa Giang and Citek officially launched a comprehensive enterprise digital transformation project using the GROW with SAP solution.
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