Vietnam shrimp industry report 2021–2025: Overview and outlook to 2030
The period 2021–2025 has been a time of significant volatility for Vietnam’s shrimp industry as well as the global shrimp market. After strong growth during the COVID-19 pandemic, the global shrimp market entered a period of adjustment from 2023, driven by global inflation, high inventories in major importing markets, and a sharp increase in supply from major producing countries such as Ecuador and India. These factors created considerable challenges for Vietnam’s shrimp industry in maintaining export growth.
However, the Vietnamese shrimp sector has demonstrated a notable ability to adapt to market fluctuations. After a sharp decline in 2023, shrimp exports gradually recovered in the following years and reached a record value of USD 4.6 billion in 2025, reaffirming the shrimp sector’s role as the pillar of Vietnam’s seafood exports.
In terms of product structure, whiteleg shrimp continued to be the dominant product, accounting for the largest share of total export value. In addition, products in the other shrimp category, particularly lobster, have recorded strong growth in recent years thanks to rising demand from China and several Asian markets.
Regarding markets, the United States, Japan, the EU, China, and South Korea remain the most important importers of Vietnamese shrimp. Among them, China has emerged as one of the fastest-growing markets in recent years due to strong demand for large-sized shrimp and lobster. Meanwhile, traditional markets such as Japan and South Korea continue to maintain stable consumption of processed shrimp products.
In an increasingly competitive global shrimp market, Vietnam faces several challenges, including high production costs, increasingly stringent requirements on environmental standards and sustainable development, and growing competition from lower-cost shrimp-producing countries.
To provide businesses and policymakers with a comprehensive view of the development of Vietnam’s shrimp industry, the Vietnam Association of Seafood Exporters and Producers (VASEP) has compiled the Vietnam Shrimp Industry Report 2021–2025 with an outlook to 2030.
The report focuses on the following key topics:
Through a comprehensive system of statistical data and market analysis, the report aims to provide businesses, policymakers, and research institutions with valuable reference information for strategic planning in production, business, and market development in the coming years.
VASEP cordially invites businesses and interested readers to register for the Vietnam Shrimp Industry Report 2021–2025 with an outlook to 2030.
Contact: Ms. Hai Yen Phone: +84 8 5858 2626 Email: nguyenyen@vasep.com.vn
Or register via the following link: https://vasep.com.vn/ban-tin-bao-cao/bao-cao-san-pham-thuy-san/bao-cao-nganh-hang-tom-2021-2025-du-bao-den-nam-2030-26614.html
(seafood.vasep.com.vn) With a focus on sustainable development, high-tech application, and climate change adaptation, An Giang Province aims to maintain its brackish water shrimp production in 2026 at a level equivalent to the previous year. Specifically, output is projected to reach over 155,510 tons, serving both domestic consumption and export processing, thereby sustaining the fisheries sector’s key role in the local economic structure.
(seafood.vasep.com.vn) In the Mekong Delta, key pangasius farming provinces such as An Giang, Dong Thap, and Can Tho are accelerating the transition toward a circular economy model, contributing to higher product value and reduced environmental impact. Instead of focusing solely on farming and processing, the pangasius value chain is increasingly utilizing by-products and waste streams to generate added value.
(vasep.com.vn) Vietnam’s scallop exports are entering a phase of impressive growth, as the global market undergoes significant restructuring. In 2025, scallop export value reached nearly USD 66 million, up 49% from USD 44 million in 2024. This upward momentum has continued and accelerated into early 2026, with exports totaling USD 18.1 million in the first two months alone—an increase of 166% year-on-year. This represents an exceptionally high growth rate, reflecting the rapid expansion of a relatively new product segment within Vietnam’s mollusk export portfolio.
(seafood.vasep.com.vn) – On March 19, at the Government Headquarters, Prime Minister Pham Minh Chinh held a meeting with the European Commission (EC) inspection delegation on combating illegal, unreported and unregulated (IUU) fishing, led by Mr. Fernando Andresen Guimaraes, Head of Unit at the Directorate-General for Maritime Affairs and Fisheries (DG MARE).
(vasep.com.vn) Australia is emerging as one of the most stable and promising growth markets for Vietnamese shrimp. Amid global trade disruptions driven by geopolitical tensions—particularly conflicts in the Middle East—strengthening and expanding into stable markets like Australia has become increasingly important for Vietnam’s shrimp industry.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s squid and octopus exports reached over USD 111 million, up 23% compared to the same period in 2025. This result indicates a positive start for the sector, reflecting early signs of demand recovery in multiple markets from the beginning of the year.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s fisheries sector maintained positive growth momentum, with shrimp output exceeding 132 thousand tons. This result contributed to a strong increase in seafood export turnover, despite ongoing volatility in the global economy.
(seafood.vasep.com.vn) Vietnam’s tilapia exports maintained strong growth momentum in February 2026, with many markets recording sharp increases compared to the same period last year. In February alone, export value reached USD 8.4 million, up 148% year-on-year. Cumulatively, in the first two months of 2026, total tilapia export turnover hit USD 23 million, soaring 242% compared to the same period in 2025.
(seafood.vasep.com.vn) In global seafood trade, sensory evaluation is increasingly becoming one of the key “technical barriers” in many importing markets-especially the United States. Issues such as filth, and signs of decomposition/spoilage are often detected through sensory evaluation methods and remain common reasons for seafood import alerts, detentions, or shipment rejections.
Shrimp has been the most important export product of Vietnam’s seafood industry for many years, typically accounting for 35–45% of the country’s total seafood export value. With a well-developed farming, processing, and export system, Vietnam has become one of the world’s leading shrimp exporters.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
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Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn