In October 2018, the European Council (EC) officially approved EVFTA. The agreement was signed in Hanoi on 30 June 2019.
After being effective, EVFTA will be considered as an opportunity for Vietnamese seafood enterprises to increase export value to this market. According to commitments in EVFTA, Vietnamese seafood exported to the EU will be completely eliminated tariff (except canned tuna and fish balls applying tariff quota of 11,500 tons) with the longest schedule of 7 years. Particularly, shrimp products will be more optimistic as import tax on this market will drop sharply from the first year, then gradually decrease to 0% in the following years.
The EU mainly imports frozen raw shrimp and processed shrimp from Vietnam. For frozen shrimp and prawn products, tax is reduced from the base rate of 20% to 0% as soon as the agreement comes into effect. Other shrimp products will reduce following a 3-5 year schedule, particularly processed shrimp will follow a 7-year tax reduction schedule.
Currently, the GSP tax rate that EU sets to Vietnam for frozen raw shrimp (HS 030617) of 4.2%; Frozen processed shrimp (HS 160521) enjoyed 7%. Vietnam has an advantage over the two rival countries, Thailand and China as these two countries do not enjoy GSP from the EU.
In addition to tax incentives, EVFTA also gives Vietnamese enterprises an opportunity to increase their competitiveness compared to competitors without FTA with the EU (such as India and Thailand). Enterprises can save production costs to increase competition as it is easier to access production services when Vietnam is committed to opening logistics, insurance, finance services ...
Enterprises also have conditions to participate in regional supply chains thanks to the investment movement of multinational corporations, ensuring a stable and transparent institutional and business environment (thanks to improving regulations and policies according to FTA terms).
However, there will be new challenges for Vietnam's fisheries sector when participating in EVFTA such as: conditions on technical barriers, quality standards, rules of origin, and more new and complex regulations, while Vietnam's products are less competitive in price compared to FTA partner countries...
Enterprises need to strengthen cooperation, focus on linkage chain to improve productivity, technological innovation, participate in global supply chains.
In the first 5 months of 2019, Vietnam shrimp exports to the EU reached 243.4 million, down 26.3% compared to the same period of 2018. The UK, Germany and the Netherlands are the 3 main importors for Vietnamese shrimp in the EU market. Shrimp exports to the UK in May have shown positive signs: an increase of 11.6% to over US$18 million.
With preferential tariffs and a favourable business environment, Vietnamese exporters will have an advantage over many other shrimp exporter such as India and Thailand. It is forecasted that EVFTA will contribute to increase the export of Vietnamese shrimp to the EU in 2019.
(seafood.vasep.com.vn) Nearly US$1.7 billion is the projected gap in 2029 between the baseline scenario and a scenario in which Vietnam’s seafood exports grow by 10% annually, according to calculations by VASEP to be presented at Vietnam Seafood Summit 2026. This gap raises a key question for the entire industry: Which markets, products and supply chain improvements will generate the additional growth?
(seafood.vasep.com.vn) Although Germany’s tuna imports have declined, Vietnam’s tuna exports to the market continue to show positive signs. Notably, export value recovered strongly in Q3/2026, and German import data also show Vietnamese products strengthening their position amid competition among suppliers.
(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
(seafood.vasep.com.vn) On October 28, 2026, the China Fisheries & Seafood Expo opened in Qingdao, China. The expo takes place over three days from October 28 to 30, 2026. This is a prestigious specialized seafood exhibition organized annually by Sea Fare Exposition Inc.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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