In November 2015, Vietnam and the EU formally concluded the negotiation of the EVFTA Agreement. The text has now been published and the legal review of the Agreement is ongoing. The agreement is expected to take effect in early 2018.
As committed, after the agreement comes into force, Vietnamese goods, including shrimp products, will enjoy special preferential tariffs.
The EU mainly imports frozen raw shrimp and processed shrimp from Vietnam. According to the commitments, as soon as EVFTA comes into effect, the tax of raw shrimp HS code 03061100 (chilled green lobster, HOSO black tiger shrimp, frozen DP shrimp, fresh/frozen PD shrimp, frozen whole shrimp, etc.) exporting to the EU will be subject to the tax of 0% from the current level of 12.5%, the tax of shrimp HS code 03061710 (frozen PD black tiger shrimp, frozen HOSO whole black tiger shrimp, frozen shrimp headed and shell-on, frozen/fresh black tiger shrimp, frozen black tiger shrimp meat, frozen/fresh HLSO black tiger shrimp, frozen/fresh IQF black tiger shrimp, frozen whiteleg shrimp meat, etc.) will enjoy the tax of 0% from the current level of 20%.
Exports of processed shrimp and shrimp products HS code 16052110 (pasteurized shrimp) will be subject to the tax of 0% from the current level of 20% after 7 years from the date of the agreement coming into force; shrimps HS code 16052190 (other shrimps) will also enjoy the tax of 0% from the level of 20% after 7 years from the date of the agreement coming into force.
The EU accounts for about 30.6% of total shrimp import value of the world. EU shrimp imports range from US$6-8 billion per year. In the last 10 years (2007-2016), shrimp imports into the EU increased from US$5.6 billion to US$6.7 billion in 2016.
According to International Trade Center (ITC) data, in the first 10 months of 2017, shrimp imports into the bloc reached over US$5 billion; down 7.6% over the same period in 2016. The UK and France were the two largest buyers of shrimp in the EU. The UK shrimp imports totaled US$700.2 million, down 0.6%; those into France hit US$776.3 million, up 2.6% over the same period in 2016.
According to the data of Vietnam Customs, in November 2017, Vietnam’s shrimp exports to the EU market showed the highest growth among the major importing markets of Vietnam shrimp with a 71% increase to eye US$86.4 million.
The Netherlands, the UK and Germany were the three largest single importers of Vietnam shrimp in the EU. Exports to these three markets grew strongly, in which sales to the Netherlands and the UK rising by 93% and 87% respectively; exports to Germany recorded the 3-digit growth of 114%.
In the first 11 months of 2017, the EU was the largest importer of Vietnam shrimp, accounting for 22.2% of the total value of Vietnam shrimp exports to markets. In this period, Vietnam’s shrimp exports to EU reached US$780.2 million; increasing by 42.4% over the same period of 2016.
EU is a notable importing market of Vietnam shrimp in the first 11 months of 2017 with the high growth and high demand. The value of Vietnam’s shrimp exports to the EU currently reported the positive growth as EU consumers prefer value-added seafood products and increased imports to meet the demand of year-end festivals.
On the EU market, Vietnam has to compete mainly with India and Ecuador. While India tends to reduce shrimp exports to the EU as it is subject to a 50% border check, Ecuador and Vietnam are increasingly boosting exports to this market.
(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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