​Vietnam’s seafood sector is setting ambitious goals for 2025 with a 4.35% growth rate and an export turnover of 11 billion USD.

The shrimp export value in the first two months of 2025 reached 542 million USD out of a total seafood export value of 1.4 billion USD, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam's seafood industry is on a roll, with export momentum propelling it toward the 10 billion USD target for 2024, laying robust groundwork for 2025.

Vietnam's seafood industry is on a roll, with export momentum propelling it toward the 10 billion USD target for 2024, laying robust groundwork for 2025.

Value-added pangasius products, including dried fish maws and fish skin snacks, are increasingly popular among international consumers, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). ​

The Ministry of Agriculture and Rural Development (MARD) has set a target to produce some 500,000 tonnes of seaweed by 2030 as part of the nation’s seafood development strategy.

Vietnam’s seafood exports saw a decline of nearly 30% during the first five months of this year, reaching just 3.5 billion USD. However, the industry is pinning its hopes on a recovery in the third quarter and an acceleration over the remaining months of the year, as consumer demand in key markets bounces back.

The seafood industry grew rapidly in the third quarter of last year, but there are signs of a slowdown in the fourth quarter and it is expected to continue this year, particularly in large markets.

The Vietnam Association of Seafood Exporters and Producers (VASEP) will release an updated edition of the map of Vietnamese seafood companies in July, with some 5,000 copies.

With a relatively attractive valuation and a bullish industry outlook, seafood stocks are expected to grow positively in 2022.

Vietnam’s seafood industry is projected to enjoy strong growth in the 2021-2030 period thanks to the increasing per capita seafood consumption in the world, according to a report published recently by the Organisation for Economic Cooperation and Development (OECD) and the Food and Agriculture Organisation of the United Nations (FAO).

Sufficient material supply for processing plants is expected to help the seafood industry rake in 9 billion USD in export revenue in 2019, said the Ministry of Agriculture and Rural Development.

The People’s Committee of northern Quang Ninh province has approved the establishment of a hi-tech farming zone, expected to cost 829 billion VND (35.7 million USD), in Dam Ha district.

The seafood industry must envision a long-term strategy to make full use of new trade pacts and prepare for problems that might arise when they take effect, Truong Dinh Hoe, VASEP general secretary, said.

The European Union is ready to support Vietnam’s seafood industry, but it has to review its fisheries management and address its shortcomings, the First Counselor of the EU Delegation to Vietnam, Miriam Garcia Ferrer, told a meeting in HCM City on November 9.

The European Uunion (EU) is set to rule this month on the Vietnamese seafood industry’s compliance with its regulations on illegal, unreported and unregulated (IUU) fishing, and the US has just announced new rules relating to the same issue.

The Ministry of Agriculture and Rural Development and the Norwegian Embassy have organised a business seminar on sustainable aquaculture in southern Can Tho city.