Vietnam Seafood Processing 2026: Exports, Key Players & Regional Production

Vietnam’s seafood industry is a global powerhouse, significantly contributing to the nation’s economy.

With a long coastline and rich aquatic resources, Vietnam has cultivated a thriving seafood sector encompassing both capture fisheries and aquaculture.

The country is a major exporter of seafood products, with the US, China, Japan, and South Korea as primary markets.

The industry offers a vast array of seafood, from shrimp and catfish to tuna and squid.

Aquaculture has grown in importance, substantially contributing to overall seafood production. Employing millions, the industry significantly impacts the socioeconomic landscape.

While experiencing remarkable growth, the industry faces challenges like global economic fluctuations, sustainability concerns, and disease outbreaks.

Despite these, it offers opportunities for growth through market diversification, value-added products, and technology adoption.

Vietnam’s seafood industry is poised for continued growth and success, provided it effectively addresses challenges and leverages opportunities.

Vietnam’s seafood industry in numbers

Vietnam’s seafood industry is a critical sector of the economy, contributing significantly to exports and employment.

Vietnam is one of the largest global exporters of seafood, primarily driven by shrimp, pangasius (catfish), and tuna products.

Vietnam seafood market

Vietnam’s fish and seafood market is expected to generate revenue of approximately US$12.09 billion in 2024.

The sector is projected to grow at a compound annual growth rate of 6.51 percent from 2024 to 2029.

In terms of volume, the market is expected to reach around 1,054 million kilograms by 2029, reflecting steady demand and expansion.

A notable increase in volume is anticipated in 2025, with growth projected at 3.8 percent, according to data compiled by Statista.

Vietnam listed seafood companies’ revenue / US$m

Vietnam’s seafood trade

Vietnam both imports and exports a sizable amount of aquaculture products.

Vietnam’s fisheries products imports US$

Vietnam’s fisheries products exports, US$

Vietnam’s seafood industry: key players

Vietnam’s seafood industry is a complex ecosystem with numerous contributors.

While several companies have risen to prominence, it’s essential to understand the broader landscape.

Leading seafood producers

Minh Phu Seafood Corporation

As the undisputed leader, Minh Phu has solidified its position through a focus on high-quality shrimp, primarily black tiger and white leg varieties.

Their extensive distribution network and emphasis on sustainable practices have been instrumental in their success.

Vinh Hoan Joint Stock Company

Diversification is Vinh Hoan’s strength. From shrimp to pangasius and other seafood products, they have a wide reach.

Their focus on value-added products and strong export markets has contributed to their growth.

Ca Mau Seafood Processing and Import-Export Joint Stock Company

Located in a prime seafood region, Ca Mau Seafood specialises in processing and exporting a variety of seafood products.

Their proximity to rich fishing grounds gives them a competitive advantage.

Nam Viet Corporation

Listed on the Ho Chi Minh Stock Exchange under the ticker ANV, Nam Viet Corporation is a leading Vietnamese seafood processing and exporting company specialising in pangasius.

The company has a strong presence in the global seafood market, exporting its products to over 100 countries.

Other Notable Players

Beyond these giants, a multitude of smaller and medium-sized enterprises contribute significantly to the industry.

These companies often specialise in specific products or regions, adding to the diversity of Vietnam’s seafood offerings..

Vietnam’s seafood industry by region

Mekong Delta

The Mekong Delta, often referred to as Vietnam’s “rice bowl,” has transformed into a global aquaculture epicentre.

Its unique geography, with a complex network of rivers and canals, provides ideal conditions for cultivating various aquatic species.

Pangasius

The Delta’s dominance in pangasius production is undeniable.

This fast-growing catfish species has become a staple in many international markets due to its affordability and mild flavour.

The region’s extensive aquaculture systems, coupled with advancements in feed and breeding technologies, have contributed to its success.

Shrimp

Both black tiger and whiteleg shrimp thrive in the Delta’s brackish water environment.

Modern shrimp farms, equipped with advanced water management and disease prevention systems, have significantly increased production.

However, the industry has also faced challenges such as disease outbreaks and environmental concerns.

Rice-fish integration

A traditional practice in the Delta, rice-fish integration involves cultivating fish in rice paddies.

This sustainable approach provides additional income for farmers while enhancing biodiversity.

Central Coast

The Central Coast offers a diverse marine environment, supporting both capture fisheries and aquaculture.

Shrimp

This region, particularly the provinces of Quang Nam and Quang Ngai, has emerged as a significant shrimp producer.

The combination of coastal waters suitable for shrimp farming and a growing export market has fueled the industry’s growth.

Tuna

With its deep waters and proximity to major tuna fishing grounds, the Central Coast is a key player in Vietnam’s tuna industry.

The region’s fishing ports have developed infrastructure to support the tuna processing and export sectors.

Challenges

The Central Coast also faces challenges, including overfishing, illegal, unreported, and unregulated (IUU) fishing, and the impact of climate change on marine ecosystems.

Northern Coast

While traditionally overshadowed by the South, the Northern Coast is gaining recognition for its seafood industry.

Oysters

High-quality oysters are cultivated in several coastal provinces.

The region’s cooler waters are believed to contribute to the oysters’ distinctive flavour.

Cuttlefish

A popular seafood ingredient, cuttlefish is harvested in increasing quantities along the Northern Coast.

Challenges

The Northern Coast faces similar challenges as other regions, including overfishing and environmental degradation.

However, efforts are underway to promote sustainable fishing practices and develop aquaculture.

What’s next?

Vietnam’s seafood industry has experienced remarkable growth, positioning the country as a significant global player.

Leveraging its relatively skilled workforce, abundant natural resources, and strategic geographic location, the industry has successfully captured substantial market shares worldwide.

While challenges such as global economic fluctuations and raw material costs persist, Vietnam’s seafood sector remains resilient and continues to demonstrate strong potential for future expansion.

With a focus on innovation, sustainability, and market diversification, the industry is poised to further solidify its position as a global seafood-producing hub.

With this in mind, to keep abreast of what’s happening in Vietnam’s seafood industry, foreign seafood industry professionals should make sure to subscribe to the-shiv.

First published August 14, 2024. Last updated March 3, 2026.