Enterprises in the fisheries sector are facing an export slowdown after strong shipments in the first months of 2022, which may subsequently affect their growth in the time ahead.
A shrimp processing line of the Minh Phu Hau Giang Seafood JSC in the Mekong Delta province of Hau Giang. (Photo: VNA)
Hanoi (VNA) –Enterprises in the fisheries sector are facing an export slowdown after strongshipments in the first months of 2022, which may subsequently affect their growthin the time ahead.
After surges of 39 - 62% inthe first four months, fishery exports have shown signs of growth slowdown, accordingto the Vietnam Association of Seafood Exporters and Producers (VASEP).
Shipments increased 34% inMay and 18% in June compared to the same period last year. In July, fisheryexports stood at 970 million USD, up 14% from a year earlier but down 4% fromthe previous month.
Le Hang, Deputy Director ofVASEP’s Training and Trade Promotion Centre, blamed the slowdown since May onunfavourable weather as the rainy season came early and impacted fisheryoutput.
Businesses in the industrysaid the inventory in export markets, especially the US - a majorimporter of Vietnamese products, is high as they already imported much betweenJanuary and May.
Export growth is forecast tocontinue decelerating in the third quarter.
The SSI SecuritiesCorporation said prices of Vietnam’s white-legged shrimp in the US arecurrently higher than those of Indian and Ecuadorian products, so it is hardfor exporters to keep the prices as high as in the first half of 2022.
This may affect the grossprofit margin of the shrimp processors who focus on the US market sincematerial prices are predicted to become more expensive in the latter half ofthis year as a result of disease-caused short supplies, SSI noted.
Meanwhile, the Viet DragonSecurities Corporation (VDSC) also forecast tra fish exports will slow down inQ3 before bouncing back in Q4.
However, shipments to Chinamay recover as this country has lifted the temporary suspension of frozen food imports,previously imposed over COVID-19 concerns. China now has great demand for trafish after two years of reducing imports.
The VDSC expected an increase inexports to this large market can help partly make up for the shrinking shipmentsto the US.
Analysts held that demand forfishery products in foreign markets will accelerate in September to prepare forthe holiday season between November and December, but it is unlikely to returnto the peak recorded in the first months of the year./.
A strategy for developing agricultural mechanisation and agro-forestry-fishery processing has been approved, aiming to turn Vietnam into one of the top 10 agricultural processing centres in the world by 2030.
The value of aquatic exports in July fell below 1 billion USD for the first time since the beginning of 2022, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam raked in 350 million USD from tuna exports to France in the first seven months of 2022, representing a year-o-year surge of 203%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s agro-forestry-fishery exports were estimated to hit 32.3 billion USD in the first seven months of 2022, up 12.2% against the same period last year. Four commodities with export value exceeding 2 billion USD included coffee, rice, shrimp and wooden products.
Vietnamese enterprises have been diversely capitalising on the EU - Vietnam Free Trade Agreement (EVFTA) to boost shipments to the EU, an official from the Ministry of Industry and Trade (MoIT) told a seminar held in Hanoi on August 8.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
A shrimp processing line of the Minh Phu Hau Giang Seafood JSC in the Mekong Delta province of Hau Giang. (Photo: VNA) 
