Vietnam's shrimp exports to China and Hong Kong in October amounted to $91 million, up 44%. Accumulated by October 2024, shrimp exports to this market reached $676 million, up 31% year-on-year. Shrimp exports to this market are more promising, especially with lobster exports surging 157% to $298 million in the first ten months of this year. China's consumer stimulus policies have also contributed to boosting imports into this market.
Vietnam's shrimp exports to the US in October exceeded $80 million, up 17%. In the first ten months, shrimp exports to this market reached $646 million, up 10% year-on-year.
Shrimp imports into the US from the top three suppliers have all decreased, raising concerns about supply shortages. Improved market sentiment and an optimistics economic outlook, coupled with declining inventories and a balanced supply-demand situation, have led to expectations of higher US imports and improved shrimp prices in this market.
Proposals to increase import tariffs on goods into the US by President Trump after re-election have prompted US businesses to accelerate imports to stockpile goods ahead of potential duties. Therefore, in the short term, US demand for goods, including shrimp, is expected to continue to increase.
Vietnam's shrimp exports to two Asian markets, Japan and South Korea, also recorded positive growth of 18% and 28% respectively in October, after fluctuating in previous months.
Vietnam's shrimp exports to the EU rose by 32% in October, and accumulated exports in the first ten months reached $408 million, up 17% year-on-year. The EU's demand for Vietnamese shrimp imports has been quite stable this year, with continuous positive growth since April.
The export data from the first ten months of 2024 indicate promising trends across all major markets. Exports to the US and EU have demonstrated steady growth while China’s policies to stimulate consumption are expected to further boost demand for shrimp imports from Vietnam.
Export shrimp prices have shown signs of increasing, especially for whiteleg shrimp, enhancing profit margins for exporters. Raw shrimp prices are also at a favorable level, which will support production and exports.
The strong development of processed shrimp is a positive sign, indicating that businesses are shifting towards value-added items.
In 2023, global economic volatility, geopolitical tensions, high inflation, and tightened consumer spending led to a decrease in shrimp imports from major markets. In addition, global shrimp production rose sharply, with Ecuador’s explosive export growth creating oversupply and significantly lowering global shrimp prices.
In 2024, these adverse factors have improved: Inflation has eased, import demand from major markets is rebounding, shrimp production has not increased as rapidly as the previous year, and global shrimp prices have tended to increase. Despite internal and external challenges, Vietnam's shrimp export sector has achieved encouraging results. The target of $4 billion in export turnover in 2024 is entirely within reach.
(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%.
(seafood.vasep.com.vn) In 2025, the fisheries sector continued to stand out as a bright spot in Ca Mau’s economic landscape, maintaining positive growth in both output and value.
(seafood.vasep.com.vn) By the end of November 2025, Vietnam’s total pangasius export turnover had exceeded the $2 billion threshold, registering a 9% compared with the same period in 2024. In November alone, pangasius exports reached $195 million, also posting a 9% increase year-on-year, underscoring a stable recovery trajectory for the sector in the final months of the year.
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(seafood.vasep.com.vn) An Giang is focusing on expanding climate-adaptive marine aquaculture models, aiming for safe and sustainable production. This approach not only enhances economic efficiency but also helps fishermen stabilize their livelihoods amid weather fluctuations.
(seafood.vasep.com.vn) In the first 10 months of 2025, Vietnam’s pangasius export value to China (including Mainland China and Hong Kong) reached $483 million, up 1% compared to the same period in 2024. October alone posted $73 million, a strong 19% increase year-on-year. The Chinese market currently accounts for nearly 27% of Vietnam’s total pangasius export value.
(seafood.vasep.com.vn) According to data from Vietnam Customs, the country’s lobster exports posted another strong month in October 2025, reaching $93 million - a 75% increase from the same month in 2024. This performance extends the sector’s impressive growth streak from earlier in the year, pushing cumulative exports for the first 10 months to $712 million, up an extraordinary 135% year-over-year. Within the product mix, green lobster remained the dominant driver, accounting for 98% of total export value, with $700 million recorded in the first 10 months - a 141% jump year-on-year. In contrast, exports of spiny lobster and other lobster varieties declined slightly by 22% and 1%, respectively, indicating that market demand is becoming increasingly concentrated on the most sought-after product line.
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