At the end of February 2022, Vietnamese seafood in Russia, including pangasius, must compete more strongly with some other suppliers, such as China, India, and Bangladesh, when this country increases trade due to the effects of the conflict. The Russia-Ukraine conflict affects world shipping and trade settlement processes. China and Russia share a common border, so, understandably, Russia depends more on this supplier instead of choosing other sources of supply that go through maritime areas affected by war.
However, two years after the Russia-Ukraine conflict occurred, despite implementing the policy of increasing exports and reducing imports, for Pangasius, Vietnam is still the number one supplier in Russia. According to Vietnam Customs data, in May 2024, Vietnamese pangasius exports to Russia increased 6.5 times compared to the same period in 2023. By the end of May 2024, cumulative Vietnamese pangasius exports to Russia reached more than 8 million USD, up 35% over the same period last year.
Unlike other markets, Russia almost does not import VAT pangasius products but focuses more on dried pangasius and other frozen products and frozen pangasius fillets from Vietnam.
Exports of dried pangasius and other frozen products (HS code 03, except pangasius HS code 0304) to Russia in the first 5 months of this year recorded an increase of 77% over the same period last year. However, Russia's demand for this product is unstable, as it continuously increases and decreases, typically, in May 2024, this country recorded a growth of 8.5 times compared to May 2023 and an increase of 3 times. compared to the previous month, while April 2024 just witnessed a negative growth of 35% compared to the same period in 2023.
Frozen pangasius fillets were still the main product Vietnam exports to Russia, accounting for 80% of the proportion in the first 5 months of this year. In May 2024, exports of frozen pangasius fillets to this market reached more than 2 million USD, an increase of 6.5 times compared to the same period last year. This is also the highest value of frozen pangasius fillet exports to Russia since the beginning of this year.
The top 5 Vietnamese enterprises exporting pangasius to Russia include Que Ky, Nam Viet, Hung Ca, Tran Han, and Van Y, with the following main products: frozen pangasius fillets (HS code 03046200), whole pangasius cut into butterflies (HS code 03032400), frozen cut pangasius fillets (HS code 03046200),...
Cumulatively, for the first 5 months of the years, from 2021 to 2024, Vietnamese pangasius exports to Russia decreased from 17 million USD in the first 5 months of 2021 to 8 million USD in the first 5 months of this year. The war has had a significant impact on pangasius export activities to this market. However, compared to the same period last year, Vietnamese pangasius exports to Russia in the first five months of this year had shown positive signs of recovery.
President Vladimir Putin paid a state visit to Vietnam in the last days of June, right at the time the two countries celebrated the 30th anniversary of signing the Treaty on the Basic Principles of Friendly Relations between Vietnam and the Russian Federation. This event has important significance, further deepening the comprehensive strategic partnership between Vietnam and Russia in all fields and raising the level of the new situation, especially in the context of the two countries' ongoing efforts to realize the Joint Declaration on the vision of the Comprehensive Strategic Partnership until 2030, while opening up new opportunities for export trade, including exporting pangasius to Russia.
(seafood.vasep.com.vn) Seafood exports in the first 6 months of the year continued to be a bright spot with a total turnover of 5.7 billion USD, an increase of 11.4% compared to the same period last year. By commodity group, seafood is one of the three groups with a trade balance in the first 6 months of 2026 in a surplus state with 4.13 billion USD, an increase of 17%.
(seafood.vasep.com.vn) For many years, Vietnam’s seafood industry has been recognized as one of the country’s key export pillars. Products such as shrimp, pangasius, tuna, squid, octopus, and a wide range of other seafood have reached hundreds of markets worldwide. Yet behind these impressive export figures lies a significant challenge: a substantial share of Vietnam’s seafood export value still comes from minimally processed products, contract manufacturing, and raw material exports—segments characterized by low profit margins and high vulnerability to fluctuations in global prices.
(seafood.vasep.com.vn) In the context of a global economy shifting powerfully toward green and sustainable values, Vietfish 2026 is far more than just a commercial trade fair. It has become a strategic rendezvous and a "comprehensive ecosystem"—a convergence of value, knowledge, and sustainable growth opportunities for the entire industry chain.
(seafood.vasep.com.vn) Vietnam’s pangasius exports to Colombia continued their strong upward momentum in May 2026. Export value to the market reached USD 4 million, up 24% compared to the same month in 2025. Cumulative exports in the first five months of 2026 totaled USD 24 million, an impressive 48% increase year-on-year.
(seafood.vasep.com.vn) Hai Phong's aquaculture sector is accelerating the adoption of high technologies in aquaculture to adapt to climate change, with red tilapia and tilapia identified as the key cultured species for priority development.
(vasep.com.vn) Vietnam’s seafood exports reached nearly US$1.1 billion in June 2026, up 21.0% year-on-year. Cumulative exports in the first half of 2026 totaled nearly US$5.8 billion, representing a 12.8% increase compared with the same period last year. Exports to China and Hong Kong continued to accelerate, while shipments to the United States rebounded strongly in June. In contrast, exports to the EU, Japan, and the Middle East remained sluggish or recorded slight declines.
(vasep.com.vn) Tilapia is playing an increasingly important role in Vietnam’s aquaculture sector, driven not only by growing market opportunities but also by its ability to meet increasingly stringent requirements on quality, food safety, and traceability. In practice, tilapia farming in Vietnam is not a spontaneous or loosely regulated activity; rather, it operates under a comprehensive legal and technical framework covering the entire value chain—from hatcheries and farming to processing and exports.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 1.9 billion in the first five months of 2026, up 12% compared with the same period last year. Amid continued volatility in the global seafood market, this result demonstrates that the shrimp sector has maintained positive growth momentum, supported by improving demand in several Asian markets, particularly China.
(seafood.vasep.com.vn) On June 16, the Department of Agriculture and Environment of Ca Mau Province announced that the locality has established a farming area code for nearly 30,400 hectares of mud crab aquaculture and granted export facility codes to five enterprises eligible to export mud crab officially to markets such as China, Cambodia, Singapore, and the United Arab Emirates (UAE).
(seafood.vasep.com.vn) The United States remains one of the largest export markets for Vietnamese pangasius. In the first four months of 2026, pangasius exports to the US reached USD 106 million, up 4% compared to the same period in 2025. In April 2026 alone, export value totaled USD 38 million, marking a 20% year-on-year increase and the first positive growth recorded after an extended period of decline.
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