Vietnamese seafood products exported to Russia include tuna, crab, swimming crab, frozen cephalopod, surimi and some other frozen marine fish (sturgeon, flounder, herring and frozen and chilled sardines), fish in the form of whole fish/fillet, mollusks in the form of live, fresh, chilled, frozen ...
Vietnam Free Trade Agreement - Eurasian Economic Union was signed on May 29 2015, and took effect from October 5, 2016. This is the first FTA of EAEU. In the EAEU, Vietnam mainly exports seafood to Russia while exports to other countries are not significant.
According to the commitment of EAEU to seafood imports from Vietnam, the rate of tax reduction is 100%, of which 95% of the tax rate is completely eliminated with a 10-year roadmap. 75% of the tax rate is eliminated immediately after the Agreement comes into effect.
According to EAEU's commitment to Vietnam's seafood products exported to this region, the products of tuna HS code 030487 get tax reduction from 10% to 0% immediately after the Agreement comes into effect, crab products ( HS 030614) reduced from 10% to 0%, surimi (HS 030499) decreased from 10% to 0%, processed cephalopod products (HS 160552, 160553, 160554, 160555, 160556) decreased from 15% to 0%, cephalopod products (HS 0307) decline according to the roadmap and down to about 1.7% in 2019. Seafood exports to the Russian market is still growing after this FTA takes effect. However, Vietnamese enterprises still expect a more stable market.
Russian fishing is declining while consumption demand tends to increase, especially for whole/fillets marine fish, fish processed into surimi. Therefore, this is also an opportunity for seafood export of Vietnam.
Seafood exports to Russia in the first 3 months of 2019 showed positive signs with a turnover of 14.9 million, up 19% compared to the same period in 2018.
In order to promote exports to Russia, enterprises need to focus on ensuring prestige and product quality in exports to this market, studying the connection with trade centers of overseas Vietnamese in Russia to enhance introduction and promote Vietnamese products directly to consumers.
Currently, seafood exports to Russia accounted for a very low market share, not commensurate with the export potential of Vietnam. Therefore, with the incentives from FTA VN-EAEU, it is expected that Vietnam seafood exports to Russia will maintain a stable growth rate.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
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