According to Mr. Truong Dinh Hoe - General Secretary of VASEP, seafood export price may continue to increase in the second half of the year. The market demand is still strong, especially after businesses got back to trade promotion activities and events such as the Seafood Expo North America in March and the Seafood Expo Global in April. Therefore, seafood exports may reach 9.5-10 billion USD this year, increases by 6-12% over the previous year.
In the positive scenery, many seafood businesses have annouced their April business results with strong growth as well as the forecasting growth for the second quarter.
As from Mr. Pham Hoang Viet – General Manager of Sao Ta Food Joint Stock company (FIMEX VN) – the member unit of PAN Group shared that the business situation in the second quarter are still on track with many positive. The profit of the company for the second quarter may exceed at least 20% comparing to the last year same period.
This year, FIMEX VN shrimp sector had set a target of increasing consolidated revenue by 11% to reach 5.290 billion VND, with the profit before tax of at least 320 billion VND, increasing 10.7%. Particularly in the first quarter, FIMEX VN recorded 1,328 billion VND in net revenue- an increase of 37%; the profit after tax of parent company shareholders is 41 billion VND, increasing by 36.6% compared to the first quarter of 2021. The company explained the increase in profit thanks to higher sales, raw material stockpiling and signing contracts that anticipate fluctuations in freight rates.
This year, 2 new factories come into operation (Sao Ta seafood factory/ Tam An shrimp processing line) with a capacity of about 25%/50% of the designed capacity will provide an additional 3,805 tons of shrimp production for the company. At the same time, the company plans to continue to expand by 52 hectares of farming areas this year and 48 hectares of farming areas in 2023. The expansion of 52 hectares this year will help the company to have about 1,700-2,000 tons of raw shrimp from home pond.
The expansion of the farming area will ensure the source of input materials for two new factories and focus on producing value-added shrimp products. Sao Ta's target market is still the US, EU and Japan.
Vinh Hoan Corp announced its April revenue (including Sa Giang Trading Ltd) reached VND 1,651 billion, a leap of 98% increase compared to 2021’s same period and 20% compared to last month. The driving force came from the US market, with the export value reached 983 billion VND - increased 240% over the same period in 2021 and 51% over the previous month. The revenue in April of this year was equivalent to nearly 70% of the revenue of the second quarter of 2021. Accumulating 4 months of 2022, the pangasius company recorded a total revenue of VND 4,924 billion, increased by 88% compared to the same period in 2021.
Similarly, Nam Viet Corp announced the April revenue of 433 billion VND, profit after tax of 116 billion VND; respectively increased by 6% and 68% compared to the monthly average in the first quarter. Gross profit margin of Nam Viet reached 37.9%, improved from 29.4% in the first quarter. April's profit was nearly five times higher than the low level of 23.7 billion VND recorded in the second quarter of 2021. Accumulated 4 months, the revenue is 1,644 billion VND, profit after tax is 323 billion VND. Gross profit margin reached 32%. With this result, the enterprise has completed 45% of the annual profit plan.
Compiled by My Hanh
(vasep.com.vn) The global tilapia market continues to grow, creating significant opportunities for countries with strengths in aquaculture, processing, and exports. Against this backdrop, Vietnam’s tilapia industry is gradually developing toward higher quality, greater product diversification, and broader market reach. At Vietfish 2026, the Vietnam Association of Seafood Exporters and Producers (VASEP), together with the VASEP Tilapia Producers and Exporters Club, will host a joint booth to promote the image and potential of Vietnamese tilapia to domestic and international buyers.
(seafood.vasep.com.vn) Vietnam’s seafood exports are heading towards $12 billion this year, potentially the highest level on record. Yet one of the country’s export strengths is facing a growing list of challenges.
(seafood.vasep.com.vn) The first six months of 2026 indicate that Vietnam’s tilapia industry is entering a new phase of development, with strong export growth but also greater demands for production scale, quality and international competitiveness.
(seafood.vasep.com.vn) Vietfish 2026, the Vietnam International Seafood Exhibition, will officially take place from 19–21 August 2026 in Ho Chi Minh City. As Vietnam’s largest annual seafood trade event, organized by the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietfish 2026 will once again bring together leading seafood companies, industry experts, and international partners from across the global seafood value chain.
(seafood.vasep.com.vn) Vietnam’s seafood exports reached USD 1.1 billion in July 2026, up 4.8% compared to the same period in 2025. Cumulative exports in the first seven months of the year totaled nearly USD 6.86 billion, an increase of 11.5% year-on-year. Exceeding the USD 1 billion mark in July further reinforces the prospect that Vietnam’s seafood exports could surpass USD 12 billion in 2026. However, the July figures also send a clear signal that the most favorable growth period may have passed: overall export growth slowed to just 4.8%, pangasius exports fell 6.1%, tuna exports were virtually flat, while exports to the EU, South Korea, and the Middle East all recorded double-digit declines.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the seminar "Global Seafood Market and the Future Workforce: Trends, Opportunities, and Sustainable Development Pathways for Vietnam's Seafood Industry" will take place from 2:00 p.m. to 4:15 p.m. on August 19, 2026, at Convention Room B, Level 2, SECC, Ho Chi Minh City. This is the first of five specialized seminars at Vietfish 2026, focusing on key issues that are shaping the long-term development of Vietnam's seafood industry.
(seafood.vasep.com.vn) Vietnamese seafood exports recorded impressive growth, generating nearly 6 billion USD in revenue during the first six months of the year, up 13% compared with the same period last year.
(seafood.vasep.com.vn) Fishermen in Ha Tinh are gradually overcoming difficulties to maintain the efficiency of seafood exploitation. In the first six months of 2026, the entire province achieved a production of more than 23,000 tons of seafood, worth more than 1,200 billion VND.
(seafood.vasep.com.vn) June 2026 brought encouraging signs for Vietnam's tuna exports, with export value rising 20% year-on-year to nearly USD 72 million. However, this increase has yet to offset the prolonged slowdown seen in key markets such as the European Union (EU), where import demand remains weak. The outlook for the second half of the year is expected to become more challenging as freight rates continue to climb.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the Vietnam Association of Seafood Exporters and Producers (VASEP), in collaboration with the Agency for Domestic Market Management and Development under the Ministry of Industry and Trade, will organize the Domestic Seafood Supply–Demand Matching Program on the morning of August 20, 2026, at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City. The program aims to foster direct business connections between Vietnamese seafood producers and processors and domestic distributors, retailers, and foodservice channels.
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