The period from 2021 to 2025 is characterized as one of the most volatile cycles in over a decade for Vietnam’s shrimp industry, marked by a “peak – decline – recovery” trajectory. Despite disruptions caused by the COVID-19 pandemic, global inflation, and intense price competition from low-cost producers such as Ecuador and India, Vietnam demonstrated strong resilience. Export turnover reached a record high of USD 4.6 billion in 2025, reaffirming shrimp as a cornerstone of the country’s seafood sector.

A key highlight of the report is the structural transformation within the industry. Vietnam has moved beyond a heavy reliance on raw shrimp exports toward a diversified product portfolio, including high-value processed shrimp. This strategic shift—leveraging the country’s advanced processing technology—has enabled exporters to maintain stable margins and avoid direct price competition in the commodity segment. At the same time, the re-emergence of black tiger shrimp in premium markets and the rapid rise of lobster exports, particularly to China, signal new growth drivers.

The report also provides an in-depth analysis of major export markets, including the United States, China, the European Union, Japan, and South Korea. It highlights how Vietnamese enterprises have adapted to trade defense measures such as anti-dumping and countervailing duties in the U.S., while capitalizing on opportunities in China—projected to become the fastest-growing market, with export value expected to reach approximately USD 1.5 billion by 2030.

Looking ahead, the outlook for 2026–2030 suggests moderate but stable growth following a short-term adjustment in 2026. Export value is forecast to gradually recover and reach around USD 4.8 billion by 2030. Growth will be driven by increasing demand for value-added products, expansion in Asian markets, and continued diversification strategies to mitigate risks associated with overdependence on any single market.

However, the report does not overlook structural challenges. Vietnam’s shrimp production costs remain 20–30% higher than those of key competitors due to feed costs, fragmented farming systems, infrastructure limitations, and disease risks. In response, the industry is accelerating the adoption of high-tech farming models, including AI- and IoT-based systems, to improve productivity, reduce risks, and enhance traceability.

Another critical theme is sustainability. Green standards, carbon reduction commitments, and traceability requirements are rapidly becoming mandatory in key markets. The report emphasizes that compliance with international certifications and alignment with Net-Zero goals will be essential for maintaining market access and competitiveness in the coming decade.

Overall, the report positions Vietnam not merely as a major shrimp producer, but as a global hub for value-added seafood processing. It serves as an essential reference for understanding market dynamics, identifying strategic opportunities, and shaping the future trajectory of Vietnam’s shrimp industry toward 2030.

Please contact Ms. Hải Yến (Email: nguyenyen@vasep.com.vn; Tel: +84 858 582 626) to register for the Vietnam Shrimp Sector Report—an extensive and in-depth publication offering a comprehensive overview of Vietnam’s shrimp industry within the global shrimp landscape.