NEWS - vnseafoods.com

VN SEAFOOD is now offering TS Smoke tuna – a non-CO treated product that meets Canada’s strict import standards. Due to high technical requirements and the need for premium raw materials, supply remains limited. With Vietnam’s rainy season (July–October) approaching, raw material prices are expected to rise. This is a good time for interested partners to place early orders to secure stable supply and pricing.

Facing the risk of higher U.S. anti-dumping duties, Vietnamese shrimp exporters are seeking alternative markets. Australia is emerging as a promising destination due to its stable demand, low trade barriers, and preference for high-quality, clean seafood. With a focus on sustainability and food safety, Australia can serve as a shock absorber for Vietnam’s shrimp industry. Exporters are encouraged to strengthen brand reputation, ensure compliance with Australian standards, and invest in long-term partnerships.

Vietnam's squid and octopus exports grew 18% to over $215 million in the first four months of 2025, driven by strong demand from Japan, Thailand, and the US, which offset a decline in the China & Hong Kong market. Despite challenges like limited raw materials, rising costs, and global market disruptions, exports are forecast to continue growing in the latter half of the year due to stable demand, though stricter import regulations on sustainability and traceability are expected.

Vietnam's shrimp exports reached over $1.3 billion by April 2025, up 34% year-on-year. Growth was fueled by a rush to ship to the U.S. before countervailing duties take effect, and strong demand from China, the EU, Japan, and South Korea. While China became the largest buyer, short-term risks remain. Exporters are encouraged to diversify markets, focus on value-added products, and take advantage of free trade agreements to reduce dependency and mitigate risks.

Vietnam's seafood exports to Thailand have surged in early 2025, especially pangasius. Thailand is now Vietnam's top seafood importer in the ASEAN region. This growth is driven by strong demand from the food service sector, geographical proximity, low transport costs, and tariff advantages under the ATIGA agreement.

Vietnam's fish cake and surimi exports reached over USD 80 million in Q1 2025, up 31% year-on-year. The products have expanded into new markets such as Russia, Spain, and the UK. With the global surimi market expected to grow significantly, Vietnam has strong opportunities to boost exports. However, the industry still faces challenges, including raw material shortages, rising costs, and unresolved export documentation issues.

Vietnam’s tuna exports reached over USD 228 million in Q1 2025, up 6% year-on-year. Growth to key markets like the U.S. and EU is slowing due to regulatory and tariff concerns. In contrast, exports to Russia, Canada, and Japan are rising. Exporters are advised to diversify markets and speed up shipments during the U.S. tariff suspension period.

Amid escalating U.S.–China trade tensions and soaring tariffs, seafood industry leaders warn that the ongoing container shortage may cause even greater disruption than the 145% tariff. The lack of containers is driving up logistics costs and hindering exports, especially across Asia and Europe.

In the first two months of 2025, Vietnam’s shrimp exports showed encouraging signs, with strong growth in key markets. China and Hong Kong emerged as the largest importers, while the US, Japan, the EU, and South Korea also maintained stable demand. Total shrimp export turnover in the first two months reached USD 605 million, up 46% compared to the same period in 2024.