The seafood processing industry generates large volumes of by-products that could be converted into higher-value products, creating new economic opportunities, reducing waste and supporting the development of a circular bioeconomy.
Global demand for aquatic products for food and non-food uses is projected to grow by 11 per cent over the next decade, driven largely by expanding aquaculture and rising consumption in developing markets, according to the Food and Agriculture Organisation...
The Vietnam International Fisheries Exhibition (Vietfish 2026) opened at the Saigon Exhibition and Convention Centre in HCM City on August 19, bringing together businesses across the seafood value chain and showcasing the country’s production and processing capabilities.
The industry will have to contend with four major challenges: higher tariffs, stricter traceability requirements, rising input costs, and intensifying competition in key markets.
The FTA would widen access to markets with strong demand for premium food products in line with the country’s strategy of shifting exports towards increasing added value.
Manufacturers are accelerating investment in automation and digitalisation, but acknowledge that technology cannot yet fully replace human labour in many production stages.
Việt Nam’s seafood exports reached US$2.64 billion in the first quarter of 2026, a year-on-year increase of nearly 8 per cent, maintaining positive growth despite signs of slowing momentum in March, according to the Việt Nam Association of Seafood Producers...
The Vietnamese market offers numerous opportunities for Norwegian salmon and seafood exporters to further develop, positioning the country as one of the fastest-growing markets in Southeast Asia, as confirmed by the Norwegian Seafood Council (NSC).
The seafood industry had been heavily impacted by surging freight costs, the risk of cold chain disruptions, localised supply shortages, and price volatility across various product segments.
Việt Nam’s cold storage system is unevenly distributed, with facilities densely concentrated in some areas while remaining scarce in key raw material regions.