AsemconnectVietnam - Shrimp prices in November 2025 showed a slight upward trend for several categories, particularly large-size whiteleg shrimp, due to reduced harvest output. Specifically, the farm-gate price of whiteleg shrimp (100 pcs/kg) was around 96,000 VND/kg, while whiteleg shrimp (40 pcs/kg) were priced at 132,000 VND/kg. Prices of large-size whiteleg shrimp (80 pcs/kg) increased slightly during the first week of November in provinces across the Mekong Delta.

Prices of 30-pcs/kg pangasius fingerlings rose to 55,000–58,000 VND/kg, doubling compared to the beginning of the year, which pushed up input costs and consequently raised export pangasius prices. This upward trend will directly affect pangasius export prices in Q4/2025, as processing plants begin to increase purchasing to fulfill year-end orders.
Imports
According to preliminary statistics from Vietnam Customs, Vietnam’s seafood imports in October 2025 reached more than USD302,94 million, up 11.5% from September 2025. In the first 10 months of 2025, seafood imports totaled nearly USD2,73 billion, up 30.58% year-on-year.
In the first 10 months of 2025:
· Imports from RCEP markets reached nearly USD1,01 billion, up 30.28%.
· Imports from CPTPP markets reached USD484,81 million, up 37.52%.
· Imports from Southeast Asia reached more than USD463,16 million, up 43.57%.
India remained the largest supplier, accounting for 15.18% of total seafood import value, reaching more than USD414,46 million, up 100.28% year-on-year. In October alone, imports from India reached USD49,96 million, up 26.84% from September.
Indonesia ranked second with USD387,33 million in the first 10 months (+54.82%), accounting for 14.19%. In October 2025, imports from Indonesia reached USD42,4 million (+13.48%).
Norway accounted for 10.65%, with nearly USD290,81 million (+18.36%). October imports reached USD30,52 million (+20.77%).
Japan recorded strong import growth in the first 10 months (+48.11%, to more than USD249,89 million), but declined sharply in October (-24.55%) to USD25,82 million.
Mainland China accounted for 8.28%, reaching USD226,03 million, up 4.52%.
Chile, Taiwan (China), and the U.S. were the last three markets in the “over USD100 million group”. Taiwan’s imports declined 20.79%; meanwhile, Chile and the U.S. increased respectively by 24.81% and 79.48%.
Among the “tens-of-million-USD import markets,” Russia led with nearly USD90,79 million (-4.75%), but October imports jumped sharply by 206.29% to nearly USD13,73 million.
South Korea and Canada recorded notable decreases in October imports, falling 37.84% and 39.6%. However, in the first 10 months, they reached USD69,28 million and USD53,79 million, respectively.
Denmark recorded remarkable growth: +129.23% in the first 10 months and +182.1% in October to USD666,630.
Thailand ranked last in this group, with October imports down 2.38% and 10-month imports down 8.09%.
Exports
According to preliminary statistics from Vietnam Customs, seafood exports in October 2025 reached nearly USD1,16 billion, up 14.35% from September. In the first 10 months, total export value reached nearly USD9,33 billion, up 13.07% year-on-year. Major year-end events are expected to boost Vietnam’s seafood export momentum.
Exports to RCEP markets reached USD4,87 billion (+18.18%), accounting for 52.19% of the total.
Exports to CPTPP markets reached USD2,5 billion (+6.98%).
Exports to the EU reached USD939 million (+11.24%).
Exports to Southeast Asia reached USD585,83 million (+16.47%).
China (Mainland), the U.S., and Japan remained the top three destinations, accounting for 52.76% of Vietnam’s seafood exports, with a combined value of USD4,92 billion.
· China: USD1,88 billion (+33.66%)
· U.S.: USD1,64 billion (+7.51%)
· Japan: USD1,4 billion (+10.47%)
In October alone:
· China: USD252 million (+19.22%)
· U.S.: USD226,22 million (+24.07%)
· Japan: USD159,61 million (+6.45%)
Among the markets importing over USD100 million worth of seafood, South Korea topped the list with USD706,84 million (+8.97%). Malaysia ranked last with USD112,37 million (+21.29%). The strongest growth occurred in Brazil (+37.4% to USD142,4 million), followed by Thailand (+21.27%), and Taiwan (+19.77%). Exports to Belgium increased 17.57% but fell by 24.29% in October alone.
Only Canada (-1.75%) and Russia (-3.85%) recorded declines in the first 10 months.
Among the “tens-of-million-USD markets,” the Philippines led with USD95,49 million (+12.02%), followed by Italy, Mexico, and Singapore. Israel saw the sharpest decline (-33.13%).
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Forecast
The seafood export industry has been and continues to serve as an important pillar in Vietnam’s economic structure and export performance. Despite notable achievements, the sector is currently facing several challenges that negatively affect export value. The most significant challenges include trade barriers and stringent quality standards, intense international competition, unstable trade policies, and market risks.
Trade barriers and strict quality standards remain the biggest obstacles, directly affecting market access and export efficiency. The EU’s IUU Yellow Card related to illegal, unreported, and unregulated fishing continues to pose a major hindrance to Vietnam’s seafood industry.
Challenges arising from unstable trade policies and market risks create a highly uncertain business environment for Vietnam’s seafood sector. Constant changes in tariff rates and implementation schedules make it difficult for U.S. importers to determine final costs, and for Vietnamese exporters to adjust prices or develop long-term production plans. Trade tensions between major economies may disrupt global supply chains, affecting input material prices and transportation costs for the seafood industry. In addition, the sector also faces declining demand in several major markets due to inflation and global economic downturns, especially in the U.S., Japan, and the EU.
Source: VITIC