The Southeast Asian nation is set to benefit from the EU-Vietnam Free Trade Agreement (EVFTA) -- which entered into force Aug. 1, 2020 -- and high value added processing capacity, demand for which has greatly increased during the pandemic lockdown and heightened pressure on retail goods.
The EVFTA saw duties for raw product drop to 0% from Aug. 1, while the various cooked products are set to fall to 0% over the coming years.
There are 31 Vietnamese shrimp companies that can sell to the US duty-free under the current anti-dumping rate period of review.
Vietnam has avoided the most significant impacts of the coronavirus, with logistics fairly unimpacted and shrimp raw material production actually likely to be up yearon-year, according to Jim Gulkin, CEO and founder of Siam Canadian Group.
"No question, the increase in retail demand has been helpful for Vietnam," he said, adding that Thailand, though it has similarly high levels of value-added capacity, has been limited by its production, which hasn't increased to enable growth of sales into North American retail.
Willem van der Pijl, the founder of Shrimp Insights, said there was a good chance of a shift in sourcing preference in the European markets too.
"Things are changing in Europe for peeled shrimp in terms of sourcing strategies now," he said. "We see a bigger group of buyers that's doing direct sourcing. We see more diverse geographies. You'll see a switch -- further away from India and Indonesia, and to more Vietnam, due to the FTA.
"In Europe, Vietnam is really strengthening its position in retail, not only because of the product, but also because of the ASC [Aquaculture Stewardship Council] certication," he said. "Vietnam has by far the most volume of ASC certied product, especially for cooked [shrimp]. India is the other supplier, but it doesn't have as much cooked product; Vietnam does."
Robins McIntosh, senior vice president of Charoen Pokphand Foods, agreed. "Vietnam comes out of this as a winner, yes, they've made great advancements during this problem.
Jeff Sedacca, CEO Sunnyvale Seafood Co -- part of Zhanjiang Guolian Aquatic Products -- also noted that while Vietnam was set to emerge "the winner", "Indonesia is right behind them".
"Indonesia was already so geared to labor-intensive, value-added products. So they were able to fill in, where a lot of places weren't," he said.
Gulkin agreed, saying Indonesia had "taken advantage and increased its retail market share in the US".
Vietnam's sales to the US have remained more or less steady, though in June and July exports were up 29% and 47% respectively.
In the EU, meanwhile, total shrimp imports have dropped steeply in 2020, with the foodservice sector more or less out of action.
Vietnam's sales to the EU spiked in August, once the EVFTA entered into force. In August 2020, shrimp exports to the EU increased by nearly 16% over the same period in 2019.
It noted that while frozen black tiger shrimp tariffs have reduced from the generalized system of preferences level of 4.2% to 0% straight away, cooked vannamei would gradually decline to 0% after five years.
Source: undercurrentnews
(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.”
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn