ANTD.VN - Seafood is one of Vietnam's key export products and in the first two months of the year, the export turnover of this product reached more than 1.4 billion USD.
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Seafood exports have positive signals |
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), with a turnover of 1.432 billion USD in the first two months of the year, seafood exports recorded positive signals.
Compared to the same period last year, seafood exports increased by 18.2%, of which February 2025 reached 655.197 million USD, an impressive growth of 42.6%.
VASEP said that shrimp continued to be a strong growth driver for seafood exports, contributing 542.387 million USD in the first two months of the year, up 30.8%. In February 2025 alone, shrimp export turnover reached 231.406 million USD, up 33.9%.
This recovery shows that the shrimp industry is regaining growth momentum after a period of low prices in 2023-2024.
While imports from China and the US are expected to decline in 2024, other markets such as the EU and some emerging regions have filled the gap, helping to keep global shrimp production stable while prices improve, a sign of a healthier balance between supply and demand.
However, in the EU market, Vietnamese shrimp must compete increasingly fiercely with shrimp from Ecuador and India, requiring Vietnam to focus on value-added products and diversify markets to maintain its advantage.
VASEP believes that the outlook for the shrimp industry in 2025 is quite optimistic, as long as uncertainties such as trade tensions under the Trump administration do not cause further disruption. Average import prices have increased since October 2024 and are expected to remain high throughout 2025 thanks to stable inventories, bringing confidence to both exporters and importers.
Meanwhile, pangasius prices are growing but with potential risks. The price of commercial pangasius is currently at a 3-year high (VND 32,000-33,000/kg for fish over 1kg/fish), bringing significant profits to farmers (VND 2,000-3,500/kg). This is the result of increased export demand, especially from the end of 2024, when businesses recorded many stable orders until at least June 2025.
However, the pangasius market faces many challenges as raw material prices increase due to escalating input costs (feed, labor) and the instability of the US tariff policy, with an additional 10% tax imposed on processed seafood from China, indirectly affecting global trade flows. Demand in the US remains sluggish, while large inventories may restrain price increases.
VASEP recommends that pangasius farmers should be cautious and avoid spontaneous expansion of production, as current prices may be “virtual” and could easily plummet if supply exceeds demand. Linking with businesses, applying modern farming technology and focusing on value-added products will be the key to maintaining a competitive advantage.
In addition, Vietnam's tuna exports remained stable despite the difficult world market. Product groups such as other fish (302.783 million USD, up 13.6%), squid and octopus (101.009 million USD, up 13.8%), shellfish (39.089 million USD, up 121.6%) and crab (62.762 million USD, up 86.1%) all showed great potential.
Source: https://www.anninhthudo.vn/xuat-khau-thuy-san-dat-hon-14-ty-usd-trong-2-thang-post605697.antd
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