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) In the first two months of 2026, Vietnam’s exports of fish cakes and surimi exceeded USD 45 million, up 7% compared to the same period in 2025, indicating a positive outlook for this product segment amid recovering demand in many markets.
(seafood.vasep.com.vn) During the week from April 4th to 10th, 2026, Quang Ngai province intensified its monitoring and law enforcement activities with the determination to eliminate illegal, unreported, and unregulated (IUU) fishing practices.
(seafood.vasep.com.vn) Thanh Hoa’s shrimp sector is undergoing a strong transformation by accelerating the adoption of high technology, helping to improve productivity, increase profits, and meet market demands. The province currently has about 4,100 hectares of shrimp farming, with output continuing to rise despite stable farming area, mainly due to the shift from traditional methods to intensive and super-intensive farming.
(vasep.com.vn) Amid ongoing volatility in global seafood trade, Vietnam’s crab exports have made a fairly positive start to 2026. According to Vietnam Customs statistics, export turnover in the first two months of 2026 reached nearly USD 55 million, up 24% compared to the same period in 2025 and more than 2.2 times higher than in the same period of 2024. This indicates that crab exports are entering 2026 with stronger growth momentum, particularly in Asian markets.
(seafood.vasep.com.vn) Da Nang City has fully implemented all recommendations from the European Commission (EC) regarding the fight against illegal, unreported and unregulated (IUU) fishing, creating an important foundation for the removal of the “yellow card” in the near future.
(seafood.vasep.com.vn) In Hoa Vang district (Da Nang City), red tilapia farming is demonstrating clear economic efficiency, becoming a promising livelihood that helps many households increase their income. A notable example is the model of Mr. Huynh Ngoc Nam, who operates two red tilapia ponds covering more than 4 hectares, generating stable annual income.
(seafood.vasep.com.vn) In Gia Vien district, tilapia farming—particularly the “duong nghiep” strain—is expanding rapidly and gradually becoming an efficient production model for local farmers. Hatcheries in the area are supplying high-quality, uniform, and disease-free fingerlings, meeting the growing demand for commercial farming.
(seafood.vasep.com.vn) On the afternoon of March 19, Vice Chairman of the Ca Mau Provincial People’s Committee, Le Van Su, chaired a meeting to address bottlenecks and propose solutions to expand the super-intensive whiteleg shrimp farming model using low water exchange and high biosecurity standards (RAS-IMTA).
(seafood.vasep.com.vn) On March 10, 2026, the Ho Chi Minh City People’s Committee issued Decision No. 1377/QD-UBND approving the Aquatic Animal Disease Prevention and Control Plan for the 2026–2030 period. The decision takes effect from the date of signing and replaces previous plans for the 2021–2030 period that had been issued prior to the administrative merger in Ba Ria – Vung Tau, Binh Duong, and Ho Chi Minh City.
(vasep.com.vn) In 2025, Chile imported more than USD 156 million worth of tuna, up 8.1% compared to the previous year and the highest level in the past five years. As the supply structure in this market is rapidly shifting, Vietnamese tuna is facing both opportunities to expand market share and increasing competitive pressure from Thailand, Colombia, and China.
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