According to experts, in 2021, the recovery in consumption demand in export markets will support the growth momentum of seafood products. With the expectation that countries will have better control of the epidemic, seafood consumption will strongly recover with the return of restaurants and schools that take a large proportion in distribution channels. At the same time, seafood traders will increase imports again thanks to their need for inventory in the second half of 2020 and in 2021. It is forecasted that Vietnam will continue to increase shrimp production in 2021, reaching about 730,000 tons, up by 4%. The stable supply of shrimp will be an advantage for Vietnamese shrimp exporters to continue increasing their share in markets.
In addition, shrimp exports to the EU market, which is accounting for 21% of the total value of Vietnamese shrimp exports, are expected to be actively supported by the Free Trade Agreement between Vietnam and the European Union (EVFTA), which has been put into effect since 1 August 2020. Then, import tax on frozen raw shrimp will immediately decrease to 0% when the Agreement comes into effect, while the tax for processed shrimp will be gradually reduced to 0% after 7 years of the Agreement's entry into force, specifically since January 1, 2027. The tax rate of 0% for raw shrimp will significantly boost the competitive advantage of this product in the EU market. Meanwhile, in 2021, the tax rate for processed shrimp will still be 7% - equal to the preferential tax rate GSP is currently getting. Therefore, Vietnam's processed shrimp products have not yet gained advantages from EVFTA. Besides the positive prospects, Vietnamese shrimp exporters will face risks if anti-dumping tax rates to the US market increases during the 14th administrative review period (POR14). However, analysts still expect Vietnamese shrimp products to continue receiving the 0% anti-dumping tax rate on the US market as demonstrated in the last review - POR 13. For pangasius, the production in Vietnam is also forecasted to continue to increase, while the output and export prices depend heavily on the purchasing power of consumers in the main consumption channels. Experts expect pangasius exports to recover, thanks to the gradually larger demand after a period of close down of estaurants, hotels and resorts since the COVID-19 epidemic in main export markets such as China, the US, EU, ... are getting into control. The advantages of lower selling price compared to substitute products and the efforts of Vietnamese pangasius businesses to increasingly focus on value-added processed products, fully meeting the conditions for food safety and hygiene, traceability will contribute to boosting the export value of Vietnamese pangasius by 2021. The price of raw fish is not affordable enough for people to expand the farming area, making the supply of pangasius difficult to expand in 3 – 6 coming months. With the expectation that demand will gradually improve with supply not expanding in time (farmers usually take 3 - 6 months from stocking to harvest fish), pangasius export price is expected to be more positive in 2021 with a 10% increase.
(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.
(seafood.vasep.com.vn) – On March 19, at the Government Headquarters, Prime Minister Pham Minh Chinh held a meeting with the European Commission (EC) inspection delegation on combating illegal, unreported and unregulated (IUU) fishing, led by Mr. Fernando Andresen Guimaraes, Head of Unit at the Directorate-General for Maritime Affairs and Fisheries (DG MARE).
(vasep.com.vn) Australia is emerging as one of the most stable and promising growth markets for Vietnamese shrimp. Amid global trade disruptions driven by geopolitical tensions—particularly conflicts in the Middle East—strengthening and expanding into stable markets like Australia has become increasingly important for Vietnam’s shrimp industry.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s squid and octopus exports reached over USD 111 million, up 23% compared to the same period in 2025. This result indicates a positive start for the sector, reflecting early signs of demand recovery in multiple markets from the beginning of the year.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s fisheries sector maintained positive growth momentum, with shrimp output exceeding 132 thousand tons. This result contributed to a strong increase in seafood export turnover, despite ongoing volatility in the global economy.
(seafood.vasep.com.vn) Vietnam’s tilapia exports maintained strong growth momentum in February 2026, with many markets recording sharp increases compared to the same period last year. In February alone, export value reached USD 8.4 million, up 148% year-on-year. Cumulatively, in the first two months of 2026, total tilapia export turnover hit USD 23 million, soaring 242% compared to the same period in 2025.
(seafood.vasep.com.vn) In global seafood trade, sensory evaluation is increasingly becoming one of the key “technical barriers” in many importing markets-especially the United States. Issues such as filth, and signs of decomposition/spoilage are often detected through sensory evaluation methods and remain common reasons for seafood import alerts, detentions, or shipment rejections.
Shrimp has been the most important export product of Vietnam’s seafood industry for many years, typically accounting for 35–45% of the country’s total seafood export value. With a well-developed farming, processing, and export system, Vietnam has become one of the world’s leading shrimp exporters.
(seafood.vasep.com.vn) As geopolitical tensions in the Middle East continue to escalate, the global food market is facing increasing volatility in logistics costs, energy prices, and supply chains. In the seafood sector, alongside ocean-caught products such as tuna, the surimi-based product group—including fish cakes, crab sticks, fish balls, and other imitation seafood products—has also been affected to some extent by these developments.
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