VASEP forecasts Q2/2026 to continue positive growth but with clear divergence. ASEAN, Australia, Taiwan and emerging markets maintain growth.
The Vietnam Association of Seafood Exporters and Producers (VASEP) forecasts Q2/2026 to continue positive growth but with clear divergence between markets. Shrimp and pangasius remain the main pillars.
ASEAN, Australia, Taiwan and emerging markets maintain growth, helping reduce dependence on a single market. This is an important strategy in the complex geopolitical context.
VASEP recommends that enterprises need to accelerate market diversification, enhance product value-added, and invest in deep processing.
According to VASEP, seafood exports in March 2026 reached $927M, up 5% YoY. Q1 cumulative reached $2.64B. China & Hong Kong led with $764M, up 45%.
Seafood exports to China in March 2026 exceeded $250M, up over 50%. Live lobster benefits from market gap due to Canadian tariff changes.
US DOC announced POR19 with new tariff rates. Q1 exports to US down over 10% due to weak demand and technical barriers.