Sorting and processing tuna troducts for export (Photo: VNA)
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
Last year, the seafood export industry surpassed the 10 billion USD mark, an annual increase of 12%, solidifying Vietnam’s position as the third-largest seafood exporter globally, following China and Norway.
However, the seafood sector is forecast to face significant challenges this year. These include resolving the EU’s "yellow card" warning against illegal, unreported and unregulated (IUU) fishing, adapting to climate change, mitigating environmental pollution, and navigating market barriers.
Despite these obstacles, Nguyen Hoai Nam, Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP), remains optimistic about export prospects for 2025. He noted the US Department of Commerce (DOC)’s issuance of final conclusion on its anti-subsidy investigation on warm-water frozen shrimp imports as a win for Vietnam, hence lower tariffs will be imposed on the country's product compared to competitors such as India and Ecuador.
Nam also highlighted the availability of three financial packages for the seafood and forestry sectors since 2023. Currently, a 60 trillion VND (2.36 billion USD) credit package offers businesses in the seafood supply chain loans at interest rates 1–1.5% below market rates. This policy provides enterprises with an opportunity to plan production and exports for 2025.
Europe, the US, and Japan remain Vietnam's top three seafood export markets, which enforce strict requirements for resource management, legal fishing certifications, and corporate accountability. Consequently, Vietnamese firms must proactively adapt to meet these standards.
Deputy Minister of Agriculture and Rural Development Phung Duc Tien said improvements in raw material availability and market expansion are likely to help the industry achieve this year’s 11 billion USD export target.
Enhancing product quality and building trust in Vietnamese brands will further increase market share and solidify the country’s position on the global market, he added./.
Source: Vietnam Plus
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
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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