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.
(seafood.vasep.com.vn) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
By the end of Q3/2025, Vietnam’s seafood industry recorded a clear recovery as a series of leading companies reported strong profits — some even achieving the highest results in their history. After several quarters struggling with high costs and weakened demand, the latest business results indicate a robust comeback across the industry.
(seafood.vasep.com.vn) On November 12 in Ho Chi Minh City, the Embassy of the Netherlands, in coordination with the Ministry of Agriculture and Environment, organized the Vietnam–Netherlands Business Forum under the theme “Shaping the future of sustainable aquaculture in the Mekong Delta.”
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
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