CPTPP is an important export market for Vietnamese shrimp enterprises with many advantages after the CPTPP Agreement is implemented. This year, among the top 4 largest single import markets in the bloc, shrimp exports to Japan recovered slowly while shrimp exports to Canada, Australia, and Singapore tended to recover well. The markets of Canada, Australia, and Singapore are considered to be areas that have quite well controlled the Covid-19 epidemic, so the demand for importing goods here is not affected much.
Japan is the largest importer of Vietnamese shrimp in the CPTPP. As of November this year, Vietnam's shrimp exports to Japan were estimated at $534.5 million, down 4.2% over the same period last year. Exports to Japan this year are not stable: increased from March to July while decreasing from August to November. Economic growth in Japan is unstable, adding bad influence from the Covid wave, restaurants restricting activities, reducing the consumption demand of people.
Canada is the second largest shrimp import market of Vietnam in the CPTPP. As of November this year, Vietnam's shrimp exports to Canada were estimated at 166.5 million USD, down 3.6% over the same period last year. This year, shrimp exports to Canada, after decreasing in August and September, recovered again in October and November. Canada is a country with a high income of the population, the market trend of importing warm water shrimp from Asia of the market. This market increases, so there are still many opportunities for Vietnamese shrimp exports to this market.
Vietnam's shrimp exports to Australia were estimated at over $164 million as of November this year, up 23.4% over the same period. From the beginning of the year to July this year, shrimp exports to Australia grew strongly. After that, it decreased in 3rd, 8th, 9th, 10th and then recovered again in November. Vietnamese shrimp is currently the top supplier of Australian shrimp. This is a potential market for Vietnamese shrimp.
In the first 3 quarters of this year, Vietnam's shrimp exports to Singapore were not stable, but there are signs of recovery in October and November.
The demand for shrimp imports from the CPTPP market this year is good. However, it is necessary to control the Covid-19 epidemic well for enterprises to stabilize production. Vietnam's shrimp exporters are still struggling with many difficulties due to the Covid-19 epidemic, high production costs and transportation charges...
Beyond frozen pangasius fillets, value-added products like fish cakes, fish balls, and peeled IQF shrimp can meet the demand for convenience in urban supermarkets and restaurants. Compared to premium products from Chile or the EU, Vietnamese seafood offers a price advantage, enabling market share expansion as Brazil prioritizes affordable imports.
The UK seafood industry celebrated a breakthrough on April 1 as Vietnam granted market access for live seafood products, opening new opportunities for growth and trade.
In 2024, Vietnam’s seafood exports exceeded 10 billion USD, with key buyers including China, the US, Japan, the EU, and the Republic Korea. The momentum continued in the first quarter of 2025, with a value of 2.29 billion USD, rising 18.1% year-on-year.
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.
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