According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam’s shrimp exports aim to reach 4–4.3 billion USD in 2025. In January 2025, shrimp remained the strongest-growing export item, with an export value of 273.349 million USD, accounting for 35.3% of total seafood export turnover.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
Vietnam's shrimp export turnover is estimated at nearly 2.8 billion USD in the first nine months of this year – the highest among aquatic products, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.
Facing strong competition from foreign rivals, Vietnam’s shrimp industry is promoting deep processing, generating big profits for both processors and exporters.
Vietnam’s shrimp exports are expected to recover this year and slightly increase by between 10 and 15%. Export turnover is believed to reach 4-4.3 billion USD.
Despite its availability in over 150 countries, Vietnam's shrimp industry is grappling with fierce competition from global counterparts, prompting the proactive application of technology and strategic planning as the sector is making endeavors to carve out its unique path forward.
Vietnamese exporters of aquatic products are gradually adapting to the commitments made in the UK - Vietnam Free Trade Agreement (UKVFTA), said the Agency of Foreign Trade.
Vietnam is predicted to face challenges in realising its 10-billion-USD goal in aquatic export value in the third quarter of 2023, heard a conference held by the Vietnam Association of Seafood Exporters and Producers (VASEP) held in Ho Chi Minh City on June 12.
Amid difficulties in export markets, significant efforts are required for Vietnam to meet its goal of 4.3 billion USD in shrimp export revenue this year, said Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP).
Despite huge challenges, the seafood sector in 2022 posted a new record in export value of 11 billion USD, up 24% year-on-year and 22% higher than the year’s target of 9 billion USD.
Vietnam raked in 9.5 billion USD from exporting aquatic products in the first 10 months of 2022, up 34% year-on-year, the Vietnam Association of Seafood Exporters and Producers (VASEP) reported.
Vietnam's aquatic product exports reached 900 million USD in October, lifting the country’s total export turnover in the first ten months of 2022 to 9.39 billion USD, a sharp increase of 32.7% compared to the same period of 2021.
Enterprises in the fisheries sector are facing an export slowdown after strong shipments in the first months of 2022, which may subsequently affect their growth in the time ahead.
