Facing the prospect of U.S. countervailing duties as high as 46% on Vietnamese seafood, several leading exporters are reassessing their 2025 business strategies and profit targets.

(seafood.vasep.com.vn) Despite a drop in revenue, Vinh Hoan Corporation (HoSE: VHC) reported an 11% year-on-year increase in net profit for Q1 2025, reaching nearly VND 211 billion, driven by lower farming costs and improved selling prices.

Sa Giang Import-Export Corporation, a company specializing in the production of traditional Vietnamese shrimp chips, generates hundreds of billions of VND in annual export revenue by successfully penetrating demanding markets such as the United States and the European Union.

(seafood.vasep.com.vn) According to data from Vietnam Customs, in March 2025, Vietnam’s pangasius exports reached USD 182 million, up 21% from the previous month and 16% year-on-year. Robust demand from Vietnam’s two key export destinations - the United States and China - continues to play a pivotal role in driving the outbound flow of pangasius products beyond national borders.

(seafood.vasep.com.vn) In the first quarter of 2025, Vietnam’s shrimp exports to the European Union (EU) reached over USD 107 million, marking a 33% year-on-year increase and signaling a strong start to the year. The growth was driven by the recovery of demand in Europe, the proactive adaptation of Vietnamese exporters in diversifying their product portfolios, and the effective utilization of preferential tariffs under the EVFTA.

(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.