The country's seafood output increased by nearly 60% from 4.6 million MT in 2008 to 7.3 million MT in 2017, the average annual growth was 5%. Of that, aquaculture production accounted for 53%, capture output made up 47%.
Aquaculture output increased by 57% from 2.4 million MT to 3.8 million MT, the average annual growth was 5%. Aquaculture activities were mainly in the Mekong Delta (accounting for 95% of total pangasius production and 80% of total shrimp production)
Compared with 10 years ago, the seafood export turnover doubled from US$4.5 billion in 2008 to US$9 billion in 2018 with the average annual growth rate of 7%.
Of that, aquaculture (including 2 main species of shrimp and pangasius) took up 65-70% of seafood export value.
Shrimp exports accounted for the largest share with the highest and most stable growth. After 10 years, shrimp export turnover increased by nearly 2.5 times from US$1.6 billion to nearly US$3.9 billion with the average annual growth of 9%. Shrimp exports tended to account for a larger proportion of total seafood exports: from 36% to 50%.
Pangasius export value increased by 50% from US$1.4 billion in 2008 to about US$2.2 billion in 2018 with the average annual growth of 4%. However, the proportion decreased from 32% to 21%.
Exports of marine products picked up 30- 35% of total seafood exports with the unstable growth. The export turnover doubled from US$1.4 billion in 2008 to nearly US$3 billion in 2018 with the average annual growth of 7.5%.
Seafood is the fifth largest export item behind telephone, textiles, electronics, and footwear. Seafood accounted for 4-5% of the total export value of the country.
The fisheries brings over 4 million jobs to people. In particular, the processing and seafood export sector brings jobs to about 300,000 workers.
Resolution No. 24/2008/NQ-CP on 28th October 2008, promulgating the Government's Action Program to implement the Resolution of the 7th plenum of the 10th Party Central Committee on agriculture, farmers and rural areas, including the Aquaculture Development Scheme until 2020, approved by Decision 332/QD-TTg dated on 3rd March 2011. Accordingly, by 2020, aquaculture output expected to reach 4.5 million MT on an area of 1.2 million hectares; the export turnover expected to hit US$5.0-5.5 billion, creating jobs for about 3.5 million people.
Thus, by 2018, Vietnam’s seafood exports have exceeded 51% of target. Based on the current situation and supply - demand in the country and world markets, Vietnam's seafood exports by 2020 forecasted to touch about US$11.5 billion, doubling the target in Decision No. 332/QD-TTg on 3rd March 2011.
Navico, or Nam Viet Joint Stock Company, stands as one of Vietnam's pioneering enterprises in the farming, processing, and export of aquatic products, particularly pangasius (catfish). Established in 2000 in An Giang Province – the largest aquaculture hub in the Mekong Delta – Navico has solidified its position in the international market through superior product quality and a commitment to sustainable development. On April 4, 2025, Navico signed a green trade credit agreement with United Overseas Bank (Vietnam) (UOB Vietnam), marking a significant milestone in its journey toward green transformation.
According to the Board of Directors' report, IDI successfully maintained its traditional customer base in 2024 while expanding into high-potential markets, particularly the United States, benefiting from a significant reduction in anti-dumping duties.
Recently, Vietnam's La Vong fish cake was ranked number 1 in the list of the world's best white fish dishes by the world-famous culinary website Taste Atlas.
Currently, many households in the suburbs of Ca Mau City are implementing a fairly effective pangasius farming model, bringing in a stable source of income. Unlike the industrial scale in other provinces in the region, the pangasius farming model here is quite simple, low-cost, and is considered a promising direction for farmers.
Over 200,000 ha of Vietnam's shrimp farms are cultivated organically and ecologically, certified by international organizations.
Vĩnh Hoàn Corporation (stock code: VHC – HoSE) has outlined an ambitious business plan for 2025, targeting revenue of VND 13,800 billion (up 10.3% from 2024) and after-tax profit of VND 1,500 billion (up 22.3%). This follows a successful 2024, where the company recorded revenue of VND 12,513 billion (exceeding 109% of the plan) and after-tax profit of VND 1,226 billion (surpassing 123% of the VND 1,000 billion profit target). The 2025 Annual General Meeting of Shareholders is scheduled for April 24 in Ho Chi Minh City to discuss these plans.
Sa Giang Import-Export Corporation continues to assert its position as one of the leading export enterprises in Đồng Tháp, achieving a revenue of thousands of billions of VND from shrimp crackers and rice paper in the past year.
(seafood.vasep.com.vn) After three years of implementation, the UK-Vietnam Free Trade Agreement (UKVFTA) has yielded positive results for Vietnam’s tuna exports. The United Kingdom officially became a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on December 15, 2024. This is expected to bring significant benefits for seafood enterprises, particularly in terms of tariffs and intra-bloc origin regulations - especially for tuna products.
On March 3, Sa Giang and Citek officially launched a comprehensive enterprise digital transformation project using the GROW with SAP solution.
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