According to the Ministry of Agriculture and Environment , on the afternoon of August 8, held a bilateral meeting with Minister Chun Jae-Soo, during which the two sides signed the MoU to underscored the friendship between the two nations while marking a new phase in their fisheries partnership.
“Vietnam considers fisheries a key pillar in its sustainable marine economic development strategy,” Acting Minister Tran Duc Thang said. “We look forward to learning from South Korea’s experience, and propose key cooperation priorities including sustainable fisheries development, modern marine aquaculture technology transfer, ocean plastic waste management, human resource training, and seafood trade promotion.”
Mr. Thang emphasized the substantial potential for fisheries investment and trade between the two countries and proposed that South Korea introduce businesses to invest in Vietnam’s marine aquaculture sector. South Korea is currently the largest foreign investor in Vietnam, with more than 9,700 FDI projects, and the country’s third-largest trading partner.
Vietnam expressed interest in adopting environmentally friendly, industrial-scale cage farming technology and invited South Korean businesses to invest through public-private partnership (PPP) models.
He pledged to direct the effective implementation of the MoU and related cooperation programs, and extended an invitation for Minister Chun to visit Vietnam to explore opportunities and discuss strategic directions for elevating the partnership.
Minister Chun welcomed the Vietnamese delegation and praised the country’s abundant marine potential and its role in global seafood trade.
He noted that relations have steadily advanced since the first cooperation MoU was signed in 2002. The latest MoU, he said, is an important milestone that will usher in broader and deeper cooperation in the fisheries sector.
Acting Minister of Agriculture and Environment of Vietnam Tran Duc Thang held a bilateral meeting with South Korean Minister of Oceans and Fisheries Chun Jae-soo. (Photo: Thanh Nguyen).
Minister Chun affirmed South Korea’s readiness to transfer technology, including the application of artificial intelligence in fisheries, expand training programs, and transfer modern technical expertise to Vietnam.
Both sides agreed to intensifying cooperation in marine aquaculture, sustainable fisheries development, and the sharing of technology for catch monitoring and traceability to address the EU’s IUU yellow card, and expanding seafood trade and investment for the 2026–2030 period.
Since establishing diplomatic ties more than 30 years ago, Vietnam and South Korea have upgraded their relationship to a comprehensive strategic partnership, achieving notable successes in multiple sectors. South Korea is Vietnam’s largest foreign investor, with total registered capital nearing USD 85 billion. In 2024, bilateral trade reached USD 82.1 billion, with seafood accounting for over USD 890 million, more than USD 800 million from Vietnam’s exports.
(seafood.vasep.com.vn) The year 2026 marks a period of strong growth for Vietnam’s tilapia industry, but it is also a time when international export competition is becoming increasingly intense. Vietnam’s tilapia exports reached USD 99 million in 2025, up 140% compared to the previous year. In the first four months of 2026 alone, export value reached USD 49 million, a 151% increase year-on-year. As global demand for affordable whitefish continues to rise, Vietnam is emerging as a noteworthy competitor to traditional tilapia powerhouses such as China, Indonesia, Brazil, and Egypt.
(seafood.vasep.com.vn) With continued policy support, technological innovation and close coordination among authorities, businesses and farmers, Vietnam’s pangasius industry is expected to make a strong and sustainable breakthrough during the 2026–2030 period, reinforcing its position as the world’s leading exporter of the fish.
(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s tilapia exports to Asian markets showed varying trends across regions and countries. The Middle East recorded strong growth, with Saudi Arabia emerging as the largest Asian market for Vietnamese tilapia. ASEAN markets also expanded significantly, driven primarily by Malaysia. Meanwhile, Japan maintained solid growth, while exports to South Korea declined compared to the same period in 2025.
(seafood.vasep.com.vn) Shrimp and pangasius continued to lead growth, helping seafood exports reach $4.67 billion in the first five months of the year; however, differentiation among product groups and increasingly stringent requirements from importing markets are posing many challenges for the industry.
(seafood.vasep.com.vn) Every day, the seafood processing industry in Ca Mau generates large quantities of shrimp heads and shells during processing operations. In the past, these by-products were largely treated as waste, increasing production costs and posing potential environmental risks. However, thanks to advanced processing technologies, materials once considered waste are now being transformed into high-value products, creating a circular economy model within the seafood industry.
(seafood.vasep.com.vn) Vietnam Clean Seafood Corporation has invested in a 280-hectare super-intensive shrimp farming zone in Tran De Commune, Can Tho City, generating export value of approximately VND 3 billion per hectare per year—around 50 times higher than traditional agricultural production.
(vasep.com.vn) Vietnam’s seafood exports reached USD 1.02 billion in May 2026, up 0.6% year-on-year. Cumulative exports in the first five months of 2026 totaled USD 4.67 billion, an increase of 11% compared to the same period in 2025.
(seafood.vasep.com.vn) In a rapidly changing global seafood market, timely insights and reliable data are more critical than ever. The Report on Vietnam Seafood Exports in Q1/2026 provides a comprehensive overview of the latest developments in Vietnam’s seafood production, trade performance, and export trends, helping businesses navigate uncertainty and identify new growth opportunities.
(seafood.vasep.com.vn) While many major markets continue to experience slow growth, Russia has emerged as a brighter destination for Vietnamese tuna exports in early 2026. Export turnover to this market increased by nearly 55% in the first four months of the year, indicating a clear improvement in demand. Nevertheless, Russia remains a market that should be viewed with both optimism and caution.
(seafood.vasep.com.vn) Vietnam’s pangasius exports have shown encouraging signs of recovery in 2026. In the first four months of the year, total export turnover reached USD 720 million, up 17% compared to the same period last year. This result reflects improving demand across many markets, as well as the efforts of Vietnamese pangasius enterprises to maintain production, secure orders, and adapt to changing market conditions.
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