In October 2020, among the top 5 main importing markets, excluding the EU, cephalopod exports to the remaining markets such as Korea, Japan, ASEAN, and China lifted. China was still the the most stable importer for Vietnamese cephalopod in the first 10 months of this year. After an increase in September, export of cephalopod to the EU slipped in October due to a decrease in exports to Italy and Germany. Total exports of Vietnam cephalopod in the first 10 months of this year declined due to Covid-19 pandemic.
Squid and cuttlefish exports accounted for 54.4%, octopus sales made up 45.6%. In the first 10 months of this year, squid export value jumped while octopus turnover slumped. The export of processed octopus (HS code 6) dropped the most by nearly 26%. Dried/roasted squid (HS code 03) still got positive growth of 32%, reaching $105.7 million. Exports of other processed squid (HS code 16) and fresh/frozen squid (HS code 03) decreased by 4% and 8%, respectively, compared to the same period in 2019.
South Korea was still the largest import market for Vietnamese octopus and squid, with proportion of 41.5%. Vietnamese cephalopod exports to South Korea had been rising continuously from June to October this year. In October, the export of this item to South Korea hiked by 14% to US$24.9 million, but due to the decrease in the previous months, the total exports to this market still fell by 1% in the first 10 months of the year, reaching US$188.6 million.
The decrease in export prices and consumption demand due to the Covid-19 pandemic were affecting the export of Vietnamese cephalopod to South Korea in the first 10 months of 2020. Vietnam's squid and octopus exports to the South Korean market has been showing signs of an increase in recent months.
Japan ranked second in Vietnamese cephalopod imports, accounting for 22%. Exports to Japan in the first 10 months of 2020 reached nearly US$100 million, down 16% over the same period in 2019. Exports to Japan had been declining continuously from May to September before slightly recovering in October.
The exports of cephalopod to the EU from March to July this year declined sharply due to the impact of the IUU yellow card from EU, plus the impact of the Covid-19 epidemic, which reduced demand. However, the exports to this market showed signs of recovery in August and September, then went down in October. In October 2020, the exports to the EU market reached 5.9 million USD, down 8.5% compared to October 2019. In the first 10 months of this year, total exports of this item to the EU reached 38.4 million USD, down 30.6% over the same period in 2019.
China was the 5th largest importer for Vietnamese cephalopod, accounting for 8%. Exports of squid and octopus to China in October 2020 soared by 103% to over US$6 million. In the first 10 months of the year, the total exports to China reached nearly US$37 million, up 56.3% over the same period in 2019. Exports to China recorded the best growth rate in the first 10 months of this year.
In the context of the Covid-19 pandemic which has not yet been controlled worldwide, the supply of raw materials has decreased, the demand for cephalopod imports of the world and the exports from Vietnam are expected to be lower. It is estimated that the exports of Vietnamese cephalopod in 2020 will reach about US$566 million, down about 2% compared to 2019.
(seafood.vasep.com.vn) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
By the end of Q3/2025, Vietnam’s seafood industry recorded a clear recovery as a series of leading companies reported strong profits — some even achieving the highest results in their history. After several quarters struggling with high costs and weakened demand, the latest business results indicate a robust comeback across the industry.
(seafood.vasep.com.vn) On November 12 in Ho Chi Minh City, the Embassy of the Netherlands, in coordination with the Ministry of Agriculture and Environment, organized the Vietnam–Netherlands Business Forum under the theme “Shaping the future of sustainable aquaculture in the Mekong Delta.”
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