Vietnam’s seafood 2025: Surging past headwinds and the the strategic pivot of market leaders

News 09:05 27/01/2026
(seafood.vasep.com.vn) By the end of 2025, Vietnam’s seafood industry had left a strong mark with export turnover reaching nearly $11.3 billion, up 12.4% year-on-year. This robust performance reflects not only a rebound in global consumption demand but also the agile adaptation of domestic firms in navigating increasingly stringent trade barriers.

A strong “sprint” in Q4 and december

The final months of 2025 witnessed a powerful acceleration. In Q4/2025 alone, export turnover reached $3.103 billion, up 10.3% compared with the same period last year. December contributed $954.5 million (a 9.2% increase). This period saw companies intensifying shipments to meet festive-season demand across Asian markets, particularly China and Hong Kong, which recorded an explosive growth of 22.9% in the final quarter. December marked a critical sprint for exporters targeting the U.S. market as they raced against a tightening regulatory window. These included compliance requirements under the Marine Mammal Protection Act (MMPA), an import ban effective from January 1, 2026 on species linked to 12 fisheries not recognized as equivalent and the anticipated announcement of POR19 anti-dumping duties on shrimp, expected in late February 2026.

Q4 growth was primarily propelled by shrimp, which generated $1.244 billion, up 16.8%) and other seafood products such as squid and octopus (+20.4%), crab and crustaceans (+20.9%). In contrast, tuna remained a 'dark spot', declining 10.8% in Q4. The downturn was exacerbated by the U.S. MMPA regulations, the ongoing IUU yellow card and persistent challenges in raw material sourcing.

 

The corporate landscape: the resilience of industry “flagship players”

2025 also served as a definitive year for market leaders to consolidate their dominance. The top 10 seafood exporters made a significant contribution to the industry’s total export turnover, featuring well-established names from the shrimp and pangasius segments.

Leading the ranking was STAPIMEX with export turnover of $309.8 million, followed by “Shrimp King” Minh Phu (whose combined revenue from its Ca Mau and Hau Giang entities surpassed $542 million). Vinh Hoan fortified its undisputed dominance in the pangasius sector with $249.0 million. The inclusion of names such as Phat Loi, An Hai and Tai Kim Anh in the top 10 signals a powerful upward trajectory for enterprises focusing on deep-processed products and the burgeoning Chinese market.

The success of Vietnamese seafood enterprises in 2025 stemmed from their effective utilization of FTAs and timely market shifts. When the U.S. market faced headwinds from reciprocal tariffs implemented in August 2025, exporters swiftly pivoted toward the CPTPP bloc (exceeding $3 billion) and China ($2.4 billion).

However, Q4 results revealed looming pressure from technical barriers such as the IUU yellow card and marine mammal protection regulations (MMPA), which weighed heavily on the wild-caught seafood segment. Sustaining growth momentum in 2026 will largely depend on the industry’s ability to ensure supply chain transparency and optimize production costs amidst the volatile fluctuations of international trade policies.

Building on the solid foundation laid in 2025, Vietnam’s seafood sector remains well positioned for sustainable growth, despite expectations of renewed challenges in 2026, particularly from the U.S market and increasingly stringent 'green' certification requirements.

vietnams seafood 2025 seafood

TIN MỚI CẬP NHẬT

Whitefish supply shortages create new opportunities for Vietnam's pangasius in the EU

 |  08:36 30/10/2026

(vasep.com.vn) In the first nine months of 2026, Vietnam’s pangasius exports to the EU reached approximately $148 million, up 12% compared to the same period in 2025. In September 2026 alone, export turnover to this market hit $18 million, a 27% year-on-year increase. Despite diverging demand across member states, the EU remains a market with growth potential for Vietnamese pangasius, particularly as supplies of several traditional whitefish species face mounting pressure.

Tuna exports to the US recover amid intensifying supply competition

 |  08:27 29/10/2026

(seafood.vasep.com.vn) Vietnam’s tuna exports to the US are showing a clear recovery after a difficult start to the year. However, the rebound is taking place against a backdrop of declining US tuna imports and a shifting supply structure, posing new challenges for Vietnamese businesses.

Shrimp exports to Japan: Opportunities in processed and value-added segments

 |  08:34 27/10/2026

(vasep.com.vn) In the first nine months of 2026, Vietnam’s shrimp exports to Japan reached US$440.9 million, up 6.4% year on year. This result is noteworthy as Japan’s total shrimp imports continued to decline slightly and competition among suppliers intensified. Demand for convenience foods and processed products continues to create opportunities for Vietnamese exporters, but capitalizing on these opportunities requires stronger competitiveness and the ability to meet increasingly specific market requirements.

Vietnam’s tuna exports recover, but why does uncertainty remain?

 |  08:39 22/10/2026

(vasep.com.vn) After slowing in the first months of the year, Vietnam’s tuna exports have shown a clear improvement since June 2026. However, behind September’s double-digit growth lies a notable reality: export value is recovering, but pressures from markets, trade policies, and competition among suppliers remain.

Vietnam’s Pangasius Exports Look to the UK, Japan, and EU for New Growth Momentum

 |  09:06 20/10/2026

(vasep.com.vn) Vietnam’s pangasius export value reached US$1.7 billion in the first nine months of 2026, up 11% year on year. In September alone, exports totaled US$210 million, an increase of 16%. China, the United States, and Brazil were the three largest markets, accounting for 49% of total export value. While China and Brazil maintained their growth momentum, exports to the US remained below the level recorded in the same period last year.

Vietnam Seafood Summit 2026: Exploring new growth opportunities for Vietnam’s seafood industry

 |  08:46 16/10/2026

(vasep.com.vn) On November 11, 2026, in Can Tho, the Vietnam Association of Seafood Exporters and Producers (VASEP) will organize the Vietnam Seafood Summit 2026 (VSS 2026) under the theme “Seafood Market Outlook 2027–2029: Opportunities and Headroom for Double-Digit Export Growth.”

Business leader Do Ngoc Tai: Vision, determination, and ambition to take Vietnam’s seafood industry further

 |  11:56 14/10/2026

(seafood.vasep.com.vn) Business leader Do Ngoc Tai, General Director of Tai Kim Anh Seafood Processing Joint Stock Company, was honored by the Vietnam Chamber of Commerce and Industry (VCCI) with the title “Outstanding Vietnamese Entrepreneur – Thanh Giong Cup 2026” at a ceremony celebrating Vietnam Entrepreneurs’ Day (October 13). The event took place on the evening of October 11, 2026, at the National Convention Center in Hanoi.

Global tilapia supply is being reshaped, opening new opportunities for Vietnam

 |  08:27 13/10/2026

(vasep.com.vn) The global tilapia market is becoming increasingly segmented, not only among producing countries but also by product type and destination market. Supply is divided into groups with distinct competitive advantages: large volumes of whole fish and frozen fillets from Asia, high-value fresh fillets from Latin America, and substantial domestic consumption in several major producing countries.

Vietnam’s tuna exports to the UK rise 12%, with further market share gains still possible

 |  08:38 12/10/2026

(vasep.com.vn) Vietnam’s tuna exports to the UK grew in the first eight months of 2026, despite signs of slowing import demand in the market. However, sharp fluctuations in orders, competition from major suppliers, and new traceability requirements are creating challenges for Vietnamese exporters.

Marine conservation to be strengthened to protect livelihoods and blue economy

 |  09:11 08/10/2026

(seafood.vasep.com.vn) Vietnam is stepping up efforts to combat illegal fishing, protect marine ecosystems, expand digital monitoring, and develop science-based management to ensure the sea can support communities and the economy for generations to come.

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