The export deceleration in May can be explained by the unfavorable weather. Rainfall earlier than usual affects the fishery production and causes disease in farmed shrimp, leading to a decrease in shrimp production. At the same time, the inventories from 2021 have also been depleted.
Particularly, shrimp exports in June decreased by 1% compared to the same period last year because of the shortage of raw materials. In July, shrimp exports continued to decrease by nearly 13% to reach 385 million USD. Accumulation of 7 months, shrimp exports brought in 2.65 billion USD, rising 22% over the same period last year.
Shrimp production and the world shrimp demand are not expected to be positive in the last 6 months of the year. Shrimp production from other suppliers increased sharply while import volume of major markets such as the EU and US are slowing down because of high inventory and decrease in demand. Meanwhile, the domestic production of raw shrimp is facing difficulties due to the adverse weather and rising production costs. As a result, Vietnam would experience a shortage of raw shrimp in the second half of the year.
Unlike the shrimp, the source of raw materials for pangasius is not a big problem. However, the demand also tends to decrease in some markets. Therefore, Vietnam’s pangasius exports also slowed down in the second quarter. In July, pangasius exports reached 197 million USD, an increase of 56%. Accumulated until the end of July, pangasius exports reached over 1.6 billion USD, up 79% over the same period last year.
Price inflation and the trend of increasing export prices have led to a decrease in demand in major markets to adapt to the changes. However, pangasius is still an advantageous commodity when inflation is too high in many markets. Consumers will tighten their spendings and switch to more affordable products such as frozen pangasius fillets or fish cakes, surimi as well as some other frozen products, etc.
Exports of tuna, other marine fishes and cephalopod still maintained a high growth rate of 37-44% in July. By the end of July 2022, Vietnam tuna exports increased by 53% to 641 million USD. Exports of cephalopods increased by 31% to 417 million USD, other marine fishes increased by 16% to over 1.1 billion USD.
The increase in inventories along with inflation has affected the import demand of the US since June. Consequently, Vietnam's seafood exports to this market decreased by 8% in June and continued to fall deeply by 23% in July. Accumulating the first 7 months of the year, exports to the US reached nearly 1.5 billion USD, 31% increase over the same period last year.
Exports to the EU still maintained a growth rate of 28% in July. Accumulated in 7 months, Vietnam seafood exports to the EU reached 829 million USD, an increase of 39% over the same period in 2021. Seafood exports to China after 7 months have reached 1 billion USD, increased by 71% over the same period in 2021.
Scarcity of raw materials for shrimp and seafood will continue to affect Vietnam's seafood export results in the third quarter. Accordingly, Vietnam’s seafood exports in the third quarter is forecasted to grow slower than the second and first quarters, estimated at about 3 billion USD.
(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.”
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