Seafood Market

The recent U.S. decision to impose new tariffs on imports from Canada (25%), Mexico (25%), and China (10%) is set to create significant shifts in global trade, particularly in the seafood industry. As a leading seafood exporter, Vietnam stands at a critical juncture where it could gain new market opportunities but also face challenges due to global supply chain disruptions.

Vietnamese Pacific oysters (Crassostrea gigas) are highly prized for their rich flavor and nutritional benefits. Farmed primarily in Quảng Ninh and Bà Rịa – Vũng Tàu, these oysters thrive in ideal coastal conditions and can be harvested in as little as five to six months. Vietnam's oyster exports have surged, particularly to Taiwan, with significant growth in 2024. For quality Vietnamese Pacific oysters, Baseafood is a trusted supplier, offering frozen products certified for international standards.

Vietnam, a key player in global seafood markets, excels in exporting diverse freshwater fish. Notable species include Pangasius and Tilapia from the Mekong Delta, Snakehead fish, Barramundi, Climbing Perch from sustainable farms, globally favored Asian Sea Bass, Freshwater Eels, and Walking Catfish.

Vietnam's seafood export sector experienced a mixed performance in the first half of 2024, with notable growth in tuna exports and challenges in shrimp and pangasius exports due to global competition and logistical issues, but overall prospects remain cautiously optimistic for the remainder of the year.

Vietnam recently implemented regulations specifying the minimum size for catching Skipjack tuna and Sardine. Fishermen are now only permitted to catch Skipjack tuna measuring at least 0.5 meters (approximately 5 kg) and Sardine with lengths higher than 110 mm. These regulations aim to protect depleted marine resources.