Positive in the US market
The US ranked the second in Vietnamese shrimp imports, accounting for 18.4% of the total value of Vietnam's shrimp exports. In the first quarter of 2020, Vietnam's shrimp exports to the US market reached US$115.5 million, up 18.2% over the same period in 2019.
The COVID-19 pandemic spread widely in the US starting in March 2020, causing the import of goods including shrimp into this market to be delayed. Import demand also declined due to a sharp decline in consumption in the foodservice segment due to the US Government's disease control measures. However, the retail system still operates normally to meet the shortage of goods because American consumers rushed to buy product for stockpile due to fear of COVID-19. While shrimp supply from India, Ecuador, and Thailand is declining due to its national lockdown, US customers turned to buy Vietnamese shrimp.
Enterprises exports shrimp to the US should focus on deep-processing and value-added products such as EZ easily peeled shrimp, etc., changing the packaging method to suit the retail segment.
The largest shrimp supplier to the US - India is also a major competitor of Vietnamese shrimp in the US market. The market is facing many difficulties due to COVID-19 pandemic. A lockdown measure to limit the spread of COVID-19 in India, which began on March 23 and lasted until May 18, had negatively affected the country's production as March was the peak month for stocking in the summer season. Shrimp farmers in India have difficulty in supplying and transporting shrimp seeds while the output is suspended, there is no shrimp caregiver because of the lockdown, the price of raw shrimp has dropped deeply. Due to the lockdown measure, some Indian processing plants are only able to operate 50% of the number of workers. Raw shrimp prices in India as of April dropped sharply, affecting the psychology of farmers who are hesitant to stock; raw material supplies in India may decrease.
Ecuadorian shrimp exports to the US are also expected to fall in March 2020 as the country's shrimp industry is operating at only 50% of its capacity in the context of COVID-19 because of the number of infections and deaths toll is still increasing in the country.
Shrimp production in India is heavily affected as the processing companies mainly located in Guayaquil, Guayas province, which is the center of the COVID-19 pandemic in Ecuador. Some companies are at risk of having to close if the disease situation does not improve. Some processing plants do not buy more raw materials because no workers are working at the factories due to lockdown measures.
Raw shrimp prices increased gradually
After a period of decline due to the impact of COVID-19 pandemic, from early April 2020, raw shrimp prices in the Mekong Delta are gradually increasing again. The inching up of shrimp prices opened favorable expectations for new shrimp production.
At the end of April, the price of whiteleg shrimp of 100 head/kg ranged from 95,000 to 100,000 VND, up from 15,000 to 20,000 VND/kg compared with 3 months ago. Black tiger shrimp sized 30 head/kg are priced from 200,000 to 230,000 VND, an increase of 30,000 - 40,000 VND/kg.
The duration of the brackish shrimp season in 2020 is still long, favorable signs are also starting to appear clearly. There is still room for shrimp exports because shrimp is an essential food; the control of pandemic in China, South Korea is better that create more hope for farmers and processing plants when the output is somewhat solved. In the EU market, Vietnam has a favorable advantage from the EVFTA Agreement, which is expected to take effect in July 2020, especially for shrimp products with incentive tax rates that India, Thailand or other countries do not have. However, potential risk factors still exist, so processing, exporting and shrimp farmers still need to work closely to overcome difficulties and seize opportunities when the market recovers.
(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.
(seafood.vasep.com.vn) Vietnam’s seafood exports are heading towards $12 billion this year, potentially the highest level on record. Yet one of the country’s export strengths is facing a growing list of challenges.
(seafood.vasep.com.vn) The first six months of 2026 indicate that Vietnam’s tilapia industry is entering a new phase of development, with strong export growth but also greater demands for production scale, quality and international competitiveness.
(seafood.vasep.com.vn) Vietfish 2026, the Vietnam International Seafood Exhibition, will officially take place from 19–21 August 2026 in Ho Chi Minh City. As Vietnam’s largest annual seafood trade event, organized by the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietfish 2026 will once again bring together leading seafood companies, industry experts, and international partners from across the global seafood value chain.
(seafood.vasep.com.vn) Vietnam’s seafood exports reached USD 1.1 billion in July 2026, up 4.8% compared to the same period in 2025. Cumulative exports in the first seven months of the year totaled nearly USD 6.86 billion, an increase of 11.5% year-on-year. Exceeding the USD 1 billion mark in July further reinforces the prospect that Vietnam’s seafood exports could surpass USD 12 billion in 2026. However, the July figures also send a clear signal that the most favorable growth period may have passed: overall export growth slowed to just 4.8%, pangasius exports fell 6.1%, tuna exports were virtually flat, while exports to the EU, South Korea, and the Middle East all recorded double-digit declines.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the seminar "Global Seafood Market and the Future Workforce: Trends, Opportunities, and Sustainable Development Pathways for Vietnam's Seafood Industry" will take place from 2:00 p.m. to 4:15 p.m. on August 19, 2026, at Convention Room B, Level 2, SECC, Ho Chi Minh City. This is the first of five specialized seminars at Vietfish 2026, focusing on key issues that are shaping the long-term development of Vietnam's seafood industry.
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