(seafood.vasep.com.vn) A total of 40 finalists have been selected for the Seafood Excellence Global Awards 2025, to be held during the Seafood Expo Global in Barcelona, Spain, from May 6 to 8, 2025.

Vietnam’s fisheries sector is facing both significant opportunities and challenges in 2025, with a targeted growth rate of 4.35% and export turnover projected to reach USD 11 billion.

(seafood.vasep.com.vn) One of the main drivers of growth in the tilapia industry today is the increasing demand for affordable protein sources, as consumers continue to prioritize healthier diets, positioning tilapia as a preferred choice.

According to several raw shrimp traders and seafood processing and export enterprises in the province, immediately after the United States announced a 90-day suspension of countervailing duties, reducing the tariff from 46% to 10%, raw shrimp prices in the market have begun to stabilize and slightly rebound, with increases ranging from VND 5,000 to VND 10,000 per kilogram depending on segment and size. This is a positive signal, providing shrimp farmers with renewed motivation to prepare for the upcoming production season.

The United States is the world’s largest importer of tilapia, while China remains the leading global exporter of this species. However, facing a tariff rate as high as 150%, Chinese tilapia is rapidly losing access to the U.S. market. This development presents a significant opportunity for other exporting countries, including Vietnam, to expand their market share in the U.S. in the coming period.

As of March and the first quarter of 2025, the fisheries sector has recorded positive growth in both aquaculture and capture fisheries.

On the morning of April 17, in Can Tho City, the Vietnam Association of Seafood Exporters and Producers (VASEP), in collaboration with the Directorate of Fisheries and Fisheries Surveillance under the Can Tho Department of Agriculture and Environment, successfully organized the seminar titled “Solutions for organizing tilapia production and export in 2025.”

In February 2025, the total aquaculture area across Vinh Long Province reached 1,987 hectares, of which 298.6 hectares were dedicated to industrial pangasius farming.

On April 9, 2025, Hung Hau Agriculture Corporation held the inauguration ceremony for the HappyFood Vietnam Export Processing Plant in Sa Dec City, Dong Thap Province. The facility is a shrimp processing plant designed with an annual capacity of 15,000 metric tons.

As one of the world’s top three shrimp-exporting nations, Vietnam’s shrimp industry is simultaneously facing numerous formidable challenges—ranging from climate change and high production costs to disease outbreaks and intense global competition. These pressures, however, present a pivotal opportunity for Vietnam to transform toward sustainable and environmentally responsible development.