At the annual general meeting held in mid-April, Ho Quoc Luc, Chairman of the Board at Sao Ta Foods (FMC), stated that in the worst-case scenario—where Vietnam faces a 46% tariff while other countries face around 20%—the company may have to withdraw from the U.S. market.
In the first quarter of 2025 alone, Sao Ta and its subsidiaries exported more than USD 46 million worth of products to the U.S. Including shipments currently in transit over the past 40 days, that figure could exceed USD 60 million. Accelerating exports ahead of the new tariff implementation is seen as a risk-mitigation strategy during the 90-day tariff delay granted by the U.S. government.
Should it be forced to leave the U.S. market, Sao Ta plans to strengthen its presence in Canada, Australia, South Korea, and particularly Japan. China is also considered a promising market, which the company is monitoring closely to enter when conditions allow.
Meanwhile, at the general meeting of Vinh Hoan Corporation—Vietnam’s top pangasius exporter—CEO Nguyen Ngo Vi Tam said the company had carefully evaluated the potential impact of new tariffs on its profit margins. Despite the risks, U.S. buyers have maintained stable demand and are urging the company to accelerate the growth cycle of its fish to meet market needs. Vinh Hoan’s leadership emphasized there is no reason yet to be pessimistic or to withdraw from the U.S., and the company plans to maximize exports during the 90-day grace period.
Still, Vinh Hoan has adopted a cautious outlook for 2025, setting a profit target of VND 1,000 billion, down VND 226 billion from its 2024 result.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), a surge in seafood exports to the U.S. is expected in May and June ahead of the new tariffs taking effect on July 9. Vietnamese firms are rushing to finalize contracts and offer competitive pricing to retain market share, with export values to the U.S. projected to rise by 10–15% compared to April.
Conversely, shipments to other markets such as China and ASEAN are likely to stall, with expected growth of only 3–5%. This is largely due to heightened competition from Chinese seafood, which is being redirected to nearby markets after facing steep tariffs from the U.S.
(vasep.com.vn) Vietnamese pangasius producer Vinh Hoan has won the top prize at the 2026 Seafood Excellence Asia Awards for its Cured Panga Croquette, highlighting the growing potential of value-added pangasius products in international markets.
(vasep.com.vn) The Global Shrimp Forum (GSF) 2026 is taking place from September 1–3 in Utrecht, the Netherlands, bringing together around 585 delegates from 40 countries, representing approximately 300 companies and organizations across the shrimp supply chain. Representatives from VASEP are attending the event as part of the Vietnamese delegation, strengthening connections with partners across the global shrimp industry.
(vasep.com.vn) At the international B2B seminar (Hosted Buyer Program) held as part of Vietfish 2026, Mr. Nguyen Hoang Pham, Sales Director of Tai Kim Anh Seafood Processing Joint Stock Company, delivered a presentation entitled “Vietnam’s Shrimp Industry: Changing for Sustainability.” From the perspective of a seafood processor, the presentation highlighted that Vietnam’s shrimp industry continues to play a leading role in seafood exports, but is entering a new phase of competition in which change is no longer an option, but a prerequisite for growth.
(seafood.vasep.com.vn) VIETFISH 2026 may have concluded after three dynamic days in Ho Chi Minh City, but conversations around the exhibition continue to resonate across international trade media, industry organizations, and the social media channels of participating companies.
(seafood.vasep.com.vn) Vietnam’s tilapia industry is maintaining strong growth momentum, with significant room for further expansion in the coming years. In 2025, total tilapia production reached approximately 420,000 tonnes, up 33% from 2024 and 2.2 times higher than in 2015. During 2015–2025, production grew at an average annual rate of around 8.4%. As production and exports continue to expand, food safety control is receiving increasing attention to ensure product quality, meet the increasingly stringent requirements of international markets, and provide a foundation for the sustainable development of Vietnam’s tilapia industry.
(seafood.vasep.com.vn) On the afternoon of August 19, 2026, as part of the Vietnam International Seafood Exhibition – Vietfish 2026, the Hosted Buyer Program continued with the seminar “Vietnam Seafood Outlook 2026–2027: A Strategic Sourcing Destination,” followed by 1-to-1 B2B meetings between international buyers and Vietnamese seafood businesses.
(seafood.vasep.com.vn) Speaking at the Opening Ceremony of VIETFISH 2026 on August 19 at the Saigon Exhibition and Convention Center (SECC), U.S. Consul General Melissa Brown highlighted the important role of the exhibition in connecting Vietnam’s growing seafood industry with buyers, suppliers, and partners from the United States and around the world.
(vasep.com.vn) Tomorrow, August 19, 2026, the Vietnam International Seafood Exhibition – Vietfish 2026 will officially open at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. Taking place over three days, from August 19–21, Vietfish 2026 promises to provide a dynamic platform for business networking, trend updates, product experiences and comprehensive cooperation across the domestic and international seafood community.
(vasep.com.vn) The global tilapia market continues to grow, creating significant opportunities for countries with strengths in aquaculture, processing, and exports. Against this backdrop, Vietnam’s tilapia industry is gradually developing toward higher quality, greater product diversification, and broader market reach. At Vietfish 2026, the Vietnam Association of Seafood Exporters and Producers (VASEP), together with the VASEP Tilapia Producers and Exporters Club, will host a joint booth to promote the image and potential of Vietnamese tilapia to domestic and international buyers.
(seafood.vasep.com.vn) Vietnam’s seafood exports are heading towards $12 billion this year, potentially the highest level on record. Yet one of the country’s export strengths is facing a growing list of challenges.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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