Whiteleg shrimp and black tiger shrimp exports recorded double-digit growth, while the export value of other types of shrimp increased by three digits. Fresh or frozen shrimp products grew stronger than processed shrimp products.
Among the main import markets, Vietnamese shrimp exports to China and Hong Kong recorded the strongest growth of 275%, reaching 42 million USD in January 2024. Thanks to strong growth, China and Hong Kong were Vietnam's largest shrimp import markets in January 2024, accounting for 17.5%. Shrimp exports from Ecuador (the main competitor of Vietnamese shrimp in the Chinese market) this year are not expected to go smoothly due to insecurity in the shrimp industry and the general difficulties of the global shrimp industry. Along with the great demand from China and the country's import priority policy, this can be considered an opportunity for Vietnamese shrimp exports to China in 2024.
In January 2024, shrimp exports to the US continued the growth momentum from the last months of 2023, increasing by 77% to reach 41 million USD. Shrimp exports to the US in 2024 are somewhat affected by the US anti-subsidy investigation into shrimp from four countries, including Vietnam.
In the US market, Vietnam accounts for 10% of the market share, ranking 4th after India (36%), Ecuador (22%), and Indonesia (18%). In 2023, peeled raw shrimp were imported the most into the US, recording slight growth; breaded shrimp and steamed shrimp recorded a decrease.
Shrimp exports to Japan and Korea in the first month of this year grew by 30% and 21%, reaching 37 million USD and 23 million USD, respectively.
After continuously declining in 2023, shrimp exports to the EU increased 22%, reaching 30 million USD in the first month of this year.
After the growth numbers in the first month of the year, looking at the general picture of the market and the shrimp industry in 2024, most businesses see many challenges and difficulties that slow down the ability to recover production and export.
Some shrimp businesses said that orders at the beginning of the year have not shown signs of improvement because the market's purchasing power is still weak. There are still problems, such as high inventory, low purchasing prices, difficulty competing with Indian and Ecuadorian shrimp, etc.
Some businesses see more positive signs in terms of orders but are worried about raw material sources because of the off-season and epidemics, so shrimp output is low.
Concerns about the risk of anti-subsidy tariffs are also a barrier for US importers and Vietnamese export companies. The selling price of Vietnamese shrimp is still quite high compared to other countries, causing fear among importers.
Vietnamese shrimp continue to face competition with Ecuador and India products in terms of price and supply; the oversupply situation and price reduction cycle may continue until at least the first half of 2024.
(seafood.vasep.com.vn) By the end of 2025, Vietnam’s seafood industry had left a strong mark with export turnover reaching nearly $11.3 billion, up 12.4% year-on-year. This robust performance reflects not only a rebound in global consumption demand but also the agile adaptation of domestic firms in navigating increasingly stringent trade barriers.
(seafood.vasep.com.vn) According to the 2025 review and 2026 outlook conference held by the Directorate of Fisheries and Fisheries Surveillance on the afternoon of January 7, Vietnam’s seafood sector has set a total production target of over 10 million tons in 2026, representing a 0.6% increase year-on-year. Of this total, capture fisheries are projected at around 3.75 million tons (down 2.1%), while aquaculture output is expected to reach 6.25 million tonnes (up 2.2%) compared with 2025.
(seafood.vasep.com.vn) Sao Ta Food JSC (Fimex, Ticker: FMC) has announced its 2025 business results, reporting revenue of over $300 million (approximately 7.8 trillion VND), representing a 19.8% increase year-on-year; projected profit is expected to reach approximately 420 billion VND.
(seafood.vasep.com.vn) Vietnam’s fisheries sector concluded 2025 with landmark achievements: export turnover reached a record high, despite heightened volatility in global trade and increasingly stringent barriers from major markets, most notably the United States. Amid a mix of opportunities and challenges, the fisheries sector also witnessed important policy shifts. Together, these developments form a multifaceted picture of an industry proactively adapting and restructuring toward a trajectory of sustainable development.
(seafoos.vasep.com.vn) According to the Department of Agriculture and Environment of Vinh Long, the province’s shrimp farming area reached 69,800 hectares in 2025, including 7,500 hectares under high-tech farming models, 18,820 tons of black tiger shrimp and 293,000 tons of whiteleg shrimp.
(seafood.vasep.com.vn) Building on a robust growth momentum in 2025, Nghe An province has set a strategic goal to reach a total fisheries output of 270,000 tons by 2026, reinforcing its position as a key hub for aquaculture and exploitation.
(seafood.vasep.com.vn) Can Tho City statistics indicate that in 2025, following the merger of three former administrative entities - Can Tho, Hau Giang and Soc Trang - fisheries output in 2025 increased by 6.23% compared with 2024 with aquaculture production nearly 9.1 times higher than capture fisheries.
(seafood.vasep.com.vn) According to the Ca Mau Department of Agriculture and Rural Development, Ca Mau province has achieved significant, comprehensive and substantive progress in combating IUU fishing in 2025, successfully fulfilling all tasks directed by the central government and strengthening fisheries governance. These efforts have established a solid foundation for the nationwide effort to lift the EC’s "yellow card" warning.
(seafood.vasep.com.vn) Ca Mau has exceeded its 2025 production targets, reaching nearly 595,000 tons of shrimp. This milestone reinforces the province’s position as Vietnam’s leading shrimp producer and a bright spot in the country’s seafood sector.
(seafood.vasep.com.vn) According to Vietnam Customs data, cumulative shrimp exports from the beginning of the year through November reached $4.3 billion, up 21% year-on-year, continuing to serve as the primary growth driver of the entire seafood sector. In November alone, export turnover amounted to $393 million, up 14%.
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