Hanoi (VNA) – Vietnam’s fisheries industry is optimistic about reaching its export target of 10 billion USD in 2025, buoyed by a 15.5% rise in export revenue over the first nine months of this year.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood exports in the first nine months of 2025 were estimated at 8.33 billion USD, up 15.5% year on year. Shrimp remained the top export item with revenue exceeding 3.38 billion USD, a 20.3% increase, while tra fish (pangasius) brought in over 1.6 billion USD, up nearly 10%.
Mainland China and Hong Kong (China) were Vietnam’s largest buyers, with shipments to these markets reaching 1.7 billion USD, up 32.1% thanks to strong demand and stable logistics costs.
Speaking to the press on the sidelines of a recent online seminar on import-export opportunities, VASEP Deputy Secretary General Le Hang said that amid global trade fluctuations, free trade agreements (FTAs) have become a “lifeline” for Vietnamese seafood exporters.
Businesses have made full use of preferential tariffs and market access opportunities under new-generation FTAs such as the EU-Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to expand exports, especially as domestic input costs and raw material supplies remain challenging. Exports to ASEAN, Canada, Chile and Latin America have all grown strongly, contributing significantly to overall industry performance.
Enterprises and associations have praised the Ministry of Industry and Trade for its timely support in addressing trade barriers. When faced with trade defence measures such as anti-dumping duties or the US Marine Mammal Protection Act (MMPA), the ministry proactively engaged with US authorities to identify appropriate solutions. The Trade Remedies Authority provided technical and diplomatic support, while the Import-Export Department supplied market information and guidance to help diversify export destinations.
To further enhance resilience and maintain stable access to both traditional and niche markets, VASEP proposed that the ministry maintain regular monthly meetings with Vietnam’s network of commercial counsellors to update businesses on regulatory changes, tariffs and political developments in key markets.
However, the industry continues facing fierce competition from major seafood producers such as India, Thailand, Indonesia, and Ecuador, especially in shrimp and tra fish exports, alongside increasingly complex global trade policies.
Experts have urged the sector to adopt comprehensive and strategic solutions aligned with national trade orientations. Key priorities include restructuring export markets to consolidate traditional destinations while expanding into potential regions such as ASEAN, the Middle East and emerging markets, as well as diversifying products, enhancing quality, and meeting evolving global consumer trends.
Sustained innovation, technology adoption, and the building of a strong national seafood brand are seen as essential for strengthening Vietnam’s position in the global seafood value chain./.
