Illustrative photo.
The Vietnam Association of Seafood Exporters and Producers (VASEP) reported overseas sales of more than USD10.5 billion in the first 11 months, up 14.6 per cent year-on-year. Shrimp exports generated USD4.31 billion, a rise of 21.2 per cent and the sector’s main growth driver. Tra fish exports surpassed USD2 billion, up 9 per cent, while tuna reached USD855.7 million. Exports of molluscs, marine fish and value-added products all recorded double-digit growth.
CPTPP member countries accounted for the largest share of Vietnam’s seafood export revenue, at 27.2 per cent, with growth of 24.3 per cent year-on-year. Exports to China rose 30.6 per cent and to the EU increased 11.9 per cent. Shipments to the US were valued at USD1.78 billion, up 8.1 per cent.
Le Hang, VASEP’s deputy general secretary, said the results highlight exporters proactive and flexible approach in a volatile global market, particularly as they accelerated shipments ahead of new US seafood import regulations and the final ruling in the country’s anti-dumping case on shrimp.
Seafood exports are expected to dip slightly in December compared with November due to seasonal factors and increased caution from exporters trading with the US. Many firms have temporarily limited new orders while awaiting formal guidance on the US Marine Mammal Protection Act (MMPA). However, shrimp exports may remain steady or fall only marginally thanks to stable demand from Japan, the EU and CPTPP markets.
Based on 11-month performance and year-end prospects, Hang said Vietnam’s seafood exports are likely to reach USD11.2-11.3 billion in 2025, the highest level to date. Shrimp exports are expected to exceed USD4.6 billion, also a record. Tra fish exports are forecast to surpass USD2.1 billion as Asian demand recovers, while tuna shipments are projected to top USD900 million.
