According to the trend, only a few markets kept positive growth in pangasius imports such as Germany, Saudi Arabia, and the UK, while most of the major markets decreased, including Russia.
In February 2023, pangasius exports to the Russian market reached nearly 2 million USD, down 40% over the same period last year (equivalent to 3 million USD) and accounted for 1% of the total value of Vietnamese pangasius to other markets. .
In the first two months of 2023, Vietnam's pangasius to the Russian market reached nearly $2.5 million, down 53% compared to the same period in 2022 and accounted for 1.4% of the total value of Vietnamese pangasius exports to markets. The proportion of the Russian market in the first 2 months of this year increased higher than the same period last year (only 1%). Although pangasius decreased, the context of inflation reduced demand and decreased import prices, sales by the end of February are also a positive sign.
The conflict between Russia and Ukraine since the end of February 2022 has greatly affected world trade, including Vietnam, causing traffic congestion and difficult trade payments. Although the proportion of Vietnam's seafood exports to these two countries is not large, the escalating tension also creates chain consequences, affecting the seafood exports of the countries. Therefore, in the period of March and April, 2022, Vietnam's seafood exports to Russia stagnated, decreasing by 86% and 46% respectively.
When the war between Russia and Ukraine occurred, Russia was embargoed, Vietnamese goods exported to Russia were also delayed for 3 months, some orders had to be returned, businesses had to process goods. exist or seek to export to other markets. Currently 1 year after the war between Russia and Ukraine, Vietnamese pangasius to the Russian market is showing positive signs of recovery. From the end of 2022, Russia has accelerated the import of Vietnamese pangasius.
In the context of inflation, the Russian market is also not affected as much as Western countries. In addition, Russia is promoting seafood trade with other countries, including China, India and Bangladesh. Vietnamese seafood more or less also has to compete with other countries, especially China, on the Russian market. The Russian economy will be more dependent on China because of the common border. However, Vietnam is still the number one source of pangasius in Russia.
It is forecasted that in the following months, the volume of pangasius to Russia may increase slightly. However, the price of pangasius to this market will decrease compared to 2022, following the general trend. Moreover, Russia's food price inflation is cooling down month by month, which has a negative impact on the prices of the country's seafood products.
According to Russian statistics, from March 13 to March 19, the prices of frozen fish products were stable, sometimes decreasing. In the Far East, pollock prices fell 2.1% (95₽/kg), Pacific herring 3.2% (60₽/kg). Prices of Pacific cod and halibut remained at the level of last week - 220₽ and 70₽/kg. In the Northwest, Atlantic herring decreased by 3.1% (93₽/kg). The price of mackerel remains unchanged: 167₽/kg.
In the central regions, the price of capelin fell 3.4% to 85₽/kg. Atlantic herring fell 1.7% to 113₽/kg. Pollock prices remained at the level of last week - 118₽/kg.
Thu Hang
(seafood.vasep.com.vn) In 2025, Vietnam’s tuna exports to Spain increased by 13% compared to 2024. This growth trend has continued into the first two months of 2026. According to Vietnam Customs statistics, export turnover to this market reached nearly USD 3 million in January–February 2026, up 101% year-on-year and significantly higher than the same period in 2024. This development indicates that Spain is once again becoming a notable destination for Vietnamese tuna amid strong demand for tuna raw materials and products in Europe.
(seafood.vasep.com.vn) The 2026 brackish water shrimp farming season in the Mekong Delta has started earlier than usual, mainly driven by positive market signals, as shrimp prices in 2025 remained high and supply was limited. Many enterprises and farms in Cần Thơ, Cà Mau, and Vĩnh Long have proactively stocked early to seize opportunities. By early 2026, stocking areas in many localities had reached a high proportion of planned targets, with intensive and high-tech farming models expanding rapidly.
(vasep.com.vn) Vietnam’s tilapia exports to the United States recorded remarkable growth in 2025, opening up major opportunities while also presenting considerable challenges. The U.S. remains the largest importer of Vietnamese tilapia fillets, with export turnover reaching USD 40 million—an increase of up to 499% compared to 2024. This impressive growth reflects strong demand in the U.S. market, as supply from competing countries such as China has been constrained by tariffs and rising production costs.
(seafood.vasep.com.vn) Pangasius remains a strategic export commodity in Vietnam’s seafood sector. Entering 2026, the industry faces a strong need to transition from volume-based growth to a value-driven development model, with a focus on quality, food safety, and sustainability.
(seafood.vasep.com.vn) Following damage caused by Storm No. 13 in late 2025, brackish water shrimp farming in Gia Lai is being rapidly restored. In key farming areas such as Tuy Phước and Tuy Phước Đông, farmers are focusing on rehabilitating ponds, repairing infrastructure, and treating the environment in preparation for the 2026 crop.
(seafood.vasep.com) Facing the decline in fishery resources, Vietnam is accelerating livelihood transitions for fishermen to reduce fishing pressure and move toward sustainable development. Marine fish stocks have dropped significantly from 4.82 million tons in 2000–2005 to 3.95 million tons in 2016–2020.
(seafood.vasep.com.vn) Vietnam’s shrimp industry is entering a period of strong transformation with the emergence of various high-tech farming models, helping improve productivity and competitiveness. Over the past 5–10 years, farming practices have shifted from traditional methods to intensive and super-intensive systems, featuring lined ponds, environmental sensors, automated feeding, and data management.
(seafood.vasep.com.vn) With a focus on sustainable development, high-tech application, and climate change adaptation, An Giang Province aims to maintain its brackish water shrimp production in 2026 at a level equivalent to the previous year. Specifically, output is projected to reach over 155,510 tons, serving both domestic consumption and export processing, thereby sustaining the fisheries sector’s key role in the local economic structure.
(seafood.vasep.com.vn) In the Mekong Delta, key pangasius farming provinces such as An Giang, Dong Thap, and Can Tho are accelerating the transition toward a circular economy model, contributing to higher product value and reduced environmental impact. Instead of focusing solely on farming and processing, the pangasius value chain is increasingly utilizing by-products and waste streams to generate added value.
(vasep.com.vn) Vietnam’s scallop exports are entering a phase of impressive growth, as the global market undergoes significant restructuring. In 2025, scallop export value reached nearly USD 66 million, up 49% from USD 44 million in 2024. This upward momentum has continued and accelerated into early 2026, with exports totaling USD 18.1 million in the first two months alone—an increase of 166% year-on-year. This represents an exceptionally high growth rate, reflecting the rapid expansion of a relatively new product segment within Vietnam’s mollusk export portfolio.
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