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.
On July 22, 2026, the Government issued Decree No. 292/2026/ND-CP detailing certain articles and providing measures for the organization and implementation of the Law on Foreign Trade Management. The Decree takes effect on September 5, 2026, replacing Decree No. 69/2018/ND-CP.
(vasep.com.vn) Vietnamese pangasius producer Vinh Hoan has won the top prize at the 2026 Seafood Excellence Asia Awards for its Cured Panga Croquette, highlighting the growing potential of value-added pangasius products in international markets.
(vasep.com.vn) The Global Shrimp Forum (GSF) 2026 is taking place from September 1–3 in Utrecht, the Netherlands, bringing together around 585 delegates from 40 countries, representing approximately 300 companies and organizations across the shrimp supply chain. Representatives from VASEP are attending the event as part of the Vietnamese delegation, strengthening connections with partners across the global shrimp industry.
(vasep.com.vn) At the international B2B seminar (Hosted Buyer Program) held as part of Vietfish 2026, Mr. Nguyen Hoang Pham, Sales Director of Tai Kim Anh Seafood Processing Joint Stock Company, delivered a presentation entitled “Vietnam’s Shrimp Industry: Changing for Sustainability.” From the perspective of a seafood processor, the presentation highlighted that Vietnam’s shrimp industry continues to play a leading role in seafood exports, but is entering a new phase of competition in which change is no longer an option, but a prerequisite for growth.
(seafood.vasep.com.vn) VIETFISH 2026 may have concluded after three dynamic days in Ho Chi Minh City, but conversations around the exhibition continue to resonate across international trade media, industry organizations, and the social media channels of participating companies.
(seafood.vasep.com.vn) Vietnam’s tilapia industry is maintaining strong growth momentum, with significant room for further expansion in the coming years. In 2025, total tilapia production reached approximately 420,000 tonnes, up 33% from 2024 and 2.2 times higher than in 2015. During 2015–2025, production grew at an average annual rate of around 8.4%. As production and exports continue to expand, food safety control is receiving increasing attention to ensure product quality, meet the increasingly stringent requirements of international markets, and provide a foundation for the sustainable development of Vietnam’s tilapia industry.
(seafood.vasep.com.vn) On the afternoon of August 19, 2026, as part of the Vietnam International Seafood Exhibition – Vietfish 2026, the Hosted Buyer Program continued with the seminar “Vietnam Seafood Outlook 2026–2027: A Strategic Sourcing Destination,” followed by 1-to-1 B2B meetings between international buyers and Vietnamese seafood businesses.
(seafood.vasep.com.vn) Speaking at the Opening Ceremony of VIETFISH 2026 on August 19 at the Saigon Exhibition and Convention Center (SECC), U.S. Consul General Melissa Brown highlighted the important role of the exhibition in connecting Vietnam’s growing seafood industry with buyers, suppliers, and partners from the United States and around the world.
(vasep.com.vn) Tomorrow, August 19, 2026, the Vietnam International Seafood Exhibition – Vietfish 2026 will officially open at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. Taking place over three days, from August 19–21, Vietfish 2026 promises to provide a dynamic platform for business networking, trend updates, product experiences and comprehensive cooperation across the domestic and international seafood community.
(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.
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
