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  • Billion-Dollar Boom: Vietnam’s Banana Exports Set to Topple Records

    Billion-Dollar Boom: Vietnam’s Banana Exports Set to Topple Records

    Vietnam’s banana exports could potentially surpass the US$1 billion threshold in the near future due to increased investment, value-chain-driven production, and expanded export markets, a number of experts and industry insiders have highlighted. They shared this optimistic outlook during a recent forum held in Ho Chi Minh City that focused on strategies for preventing and controlling Panama disease in bananas.

    Current Production and Future Prospects

    Assoc. Prof. Dr. Le Quoc Doanh, a previous deputy minister of Agriculture and Rural Development and current chairman of the Vietnam Gardening Association, shed light on the current state of banana production in Vietnam. He indicated that the country produces approximately 2.8 million tonnes of bananas annually.

    Doanh pointed out that both the acreage dedicated to banana cultivation and the resultant yields have been on an upward trend. This growth reflects an increasing market demand and the sector’s expanding production capacity.

    In 2024, bananas accounted for about $372-378 million of Vietnam’s total fruit exports, trailing behind durian, dragon fruit, and coconut. Nonetheless, Doanh believes the current contribution of bananas to the export economy is still quite modest relative to the sector’s production scale and overall potential.

    Pham Quoc Liem, chairman of U&I Agriculture Corporation, shared his insights from a business point of view. He mentioned that the global banana market was worth approximately $15.3 billion in 2024, and is projected to balloon to $21 billion by 2030. Vietnam, despite being the ninth largest banana producer globally, has a relatively low share in banana exports.

    Liem also highlighted that Vietnamese bananas command less than 40% market share in China, around 3% in Japan, and below 17% in South Korea. These figures suggest that there is a significant potential for growth in these markets.

    Challenges Ahead

    The banana industry in Vietnam, while having strong prospects, faces several challenges. Nguyen Quoc Manh, deputy director of the Department of Crop Production and Plant Protection, stated that producers have limited access to market information. This problem is compounded by sharp fluctuations in prices, especially for shipments that fail to meet official export standards.

    Furthermore, stricter technical barriers in some markets, particularly those related to plant quarantine and chemical residue limits, are intensifying pressure on both farmers and exporters.

    Doanh identified plant disease as the greatest threat facing the sector, with Panama disease being the most dangerous. He called for a comprehensive strategy that encompasses plant varieties, cultivation techniques, production organization, and market development.

    Tackling Panama Disease

    Panama disease has been a major global issue since the mid-20th century, inflicting an estimated $1 billion in losses each year. Vietnam has experienced the effects of this disease since 2016-2017, leading to significant reductions in Cavendish banana production and forcing farmers to switch to alternative crops.

    To mitigate the disease’s spread, Vietnam has participated in international cooperation programs such as the Asia-Pacific Banana Network. The country has also boosted its own research and training efforts.

    Dr. Tran Ngoc Hung from the Fruit and Vegetable Research Institute emphasized that the most sustainable solution is developing banana varieties that are resistant to Panama disease.

    Future Developments

    Experts have concurred that with effective disease control, sustainable production restructuring, and stronger value chains, Vietnam’s banana industry can potentially become a billion-dollar export in the near future.

    Manh projected that the total area dedicated to banana cultivation in Vietnam this year would be around 163,000-163,500 hectares, with an estimated annual output of 2.75 million tonnes.

    Questions & Answers

    – What is the current value of Vietnam’s banana exports?
    In 2024, Vietnam’s banana exports were worth approximately $372-378 million.

    – What challenges does the banana sector in Vietnam face?
    The key challenges include limited access to market information for producers, price fluctuations, increasingly strict technical barriers in export markets, and threats from plant diseases, particularly Panama disease.

    – What is the projected annual output of bananas in Vietnam?
    Vietnam is projected to produce an estimated 2.75 million tonnes of bananas annually.

  • Vietnam’s Aquatic Exports Soar to Historic Heights, Anticipating $11.3B Record Despite Global Challenges

    Vietnam’s Aquatic Exports Soar to Historic Heights, Anticipating $11.3B Record Despite Global Challenges

    Vietnam’s seafood exports have consistently shown strong growth, and they are on track to reach an unprecedented high this year, despite certain obstacles. In the initial 11 months of 2025, the total revenue from seafood shipments was over US$10.5 billion, marking an increase of 14.6% compared to the same period in the previous year, as reported by the Vietnam Association of Seafood Exporters and Producers.

    Breakdown of Seafood Exports

    Among the various types of seafood, shrimp was a significant contributor to the overall growth, generating $4.31 billion, representing a 21.2% increase year-on-year. Pangasius, a type of catfish, brought in over $2 billion, a rise of 9%, and tuna accounted for $855.7 million. Furthermore, molluscs, marine fish, and value-added products all experienced growth in the double digits.

    Major Export Markets

    Countries that are part of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) were the primary recipients of Vietnam’s seafood exports, accounting for 27.2% of total shipments. The volume of exports to these nations grew by 24.3% year-on-year.

    China and the EU also saw significant increases in shipments, with growth of 30.6% and 11.9% respectively. Additionally, exports to the U.S. increased by 8.1%, reaching $1.78 billion.

    Le Hang, the deputy general secretary of the association, observed that the success of Vietnam’s seafood exports, in spite of an unpredictable global market, is a testament to the strategies adopted by its exporters, which are both proactive and adaptable.

    Outlook for December and the Future

    The exports are expected to experience a minor decline in December due to seasonal impacts and a cautious approach from exporters dealing with the U.S., as several businesses have chosen to temporarily limit new orders from the U.S. due to the impending guidance on its Marine Mammal Protection Act. However, shrimp shipments may not be significantly affected due to steady demand from Japan, the EU, and CPTPP nations.

    Looking at the current data and end-of-year projections, it is anticipated that the annual revenue from seafood exports will reach somewhere between $11.2 and $11.3 billion, which would be the highest figure to date. Shrimp exports are projected to exceed $4.6 billion, thereby setting a new record, and it is forecasted that the shipments of pangasius will surpass $2.1 billion due to the recovering demand in Asia. Tuna exports are also estimated to surpass $900 million.

    Questions & Answers

    What factor contributed the most to the growth in Vietnam’s seafood exports?
    The largest contributing factor to the growth in Vietnam’s seafood exports was shrimp, which generated $4.31 billion and saw a 21.2% increase compared to the previous year.

    How have Vietnam’s seafood exports fared in the global market?
    Despite uncertainties in the global market, Vietnam’s seafood exports have shown consistent growth due to the proactive and adaptable strategies of its exporters.

    What is the projected revenue from Vietnam’s seafood exports this year?
    Based on current data and end-of-year predictions, the annual revenue from seafood exports will likely reach between $11.2 and $11.3 billion, which would be the highest figure to date.

  • Spicing Up Profits: Vietnam Rakes in $1.5B from Pepper Exports amid High Demand

    Spicing Up Profits: Vietnam Rakes in $1.5B from Pepper Exports amid High Demand

    By the end of November, Vietnam had exported approximately 225,000 tonnes of pepper, generating over US$1.5 billion in revenue. Despite a 4.4% year-on-year reduction in export volume, there was a 24.4% increase in revenue due to robust demand and consistently high export prices, as reported by the Vietnam Pepper and Spice Association (VPSA).

    Export Prices and Major Markets

    In the period from January to November, the average export price stood at $6,618 per tonne for black pepper and $8,636 per tonne for white pepper. This represented a rise of $767 and $2,175 respectively, compared to the same period the previous year.

    The U.S. continued to be Vietnam’s largest export market, accounting for 21.7% with 48,849 tonnes, despite a 28% decrease. This was followed by the United Arab Emirates (UAE) taking in 19,930 tonnes, China with 17,744 tonnes, India importing 11,750 tonnes, and Germany with 10,876 tonnes.

    November Trade Figures

    In November alone, Vietnam exported 18,582 tonnes of pepper, which included 16,322 tonnes of black pepper and 2,260 tonnes of white pepper. This resulted in earnings of $121.5 million. Compared to October, export volume decreased by 4.4% and value fell by 6.2%. However, compared to the previous year, there was a substantial increase of 16.5% in volume and 14.2% in value.

    The average export price in November was $6,519 per tonne for black pepper and $8,072 per tonne for white pepper. This represents a 1.2% increase for black pepper, but a 3.8% decrease for white pepper on a month-to-month basis.

    Imports of Pepper

    On the import front, Vietnam imported 2,459 tonnes of pepper in November, valued at $15.2 million. This was a significant 47.2% increase from October but a steep 43.9% decrease compared to November 2024. Cambodia was the largest supplier in that month, providing 1,506 tonnes (61.2%), followed by Brazil with 475 tonnes and Indonesia with 210 tonnes.

    By the close of November, Vietnam had spent a total of $252 million on importing 40,242 tonnes of pepper. The year-on-year increase in import volume was 22%, and the value rose by 62.3%, indicating stronger purchasing for re-export and processing. Brazil remained the largest supplier with 18,956 tonnes (an increase of 10.6%), followed by Cambodia with 11,211 tonnes (a surge of 65.5%). Meanwhile, Indonesia supplied 7,156 tonnes, a sharp decrease of 49.3%.

    Questions & Answers

    What was the total revenue from Vietnam’s pepper exports by the end of November?
    Vietnam generated over US$1.5 billion from pepper exports by the end of November.

    Which countries are the biggest importers of Vietnamese pepper?
    The U.S., the United Arab Emirates, China, India, and Germany are the major importers of Vietnamese pepper.

    Who are the main suppliers of pepper to Vietnam?
    Brazil, Cambodia, and Indonesia are the primary suppliers of pepper to Vietnam.

  • Radiation-Safe Indonesian Shrimp Lands on US Shores: A Triumph in Seafood Exports

    Radiation-Safe Indonesian Shrimp Lands on US Shores: A Triumph in Seafood Exports

    Indonesia has recommenced its shrimp exports to the United States with a hefty haul of 182 tonnes, valued at IDR25 billion, or approximately US$1.5 million. Importantly, these shipments come bearing certification of being free from Cesium-137 contamination.

    Regaining Market Trust

    Wahyu Sakti Trenggono, Indonesia’s Minister of Maritime Affairs and Fisheries, shared this encouraging news during an event at the Tanjung Priok Port in North Jakarta. He revealed that this marked the second such shipment since the Indonesian government confirmed that their shrimp products adhere to international radiation safety standards. This development seems to suggest that the confidence of the U.S. market in Indonesian shrimp is gradually being restored.

    Ensuring Radiation Safety

    Trenggono also explained that the assurance of the absence of Cesium-137, a radioactive isotope, was made possible through a collaborative effort between the fisheries ministry, the National Research and Innovation Agency, and the Nuclear Energy Regulatory Agency. This cross-institutional cooperation played a crucial role in ensuring the safety and international standard-compliant status of the shrimp exports.

    Quality Assurance

    The head of the MMAF Quality Assurance Agency, Ishartini, provided further insights into the certification process. She disclosed that the U.S. Food and Drug Administration (USFDA) had duly recognized their agency as a certifying body as of October 31 this year. As a result, only fishery products that successfully pass the Certificate of Quality and Safety of Fisheries Products (SMKHP) and radiation tests will be approved for export with this certified status.

    Following the approval, Indonesia had previously exported 121 containers of shrimp in October, after the fisheries ministry executed radiation scanning of a total of 920 containers destined for the U.S.

    Questions & Answers

    What is the significance of the recent shrimp shipment from Indonesia to the U.S.?
    The shipment indicates a recovery of U.S. market trust in Indonesian shrimp products after they were certified free from Cesium-137 contamination.

    Who issued the certification of freedom from Cesium-137 for the shrimp exports?
    The certification was issued through a collaboration between Indonesia’s fisheries ministry, the National Research and Innovation Agency, and the Nuclear Energy Regulatory Agency.

    What criteria must Indonesian fishery products meet to be approved for export to the U.S.?
    Fishery products must pass the Certificate of Quality and Safety of Fisheries Products (SMKHP) and radiation tests to be considered for export to the U.S.

  • Vietnam’s Agricultural Exports Soar by 12.6%: Thriving Market for Coffee, Fruits, and Vegetables

    Vietnam’s Agricultural Exports Soar by 12.6%: Thriving Market for Coffee, Fruits, and Vegetables

    In the first eleven months of 2025, the exportation of agricultural, forestry, and fisheries products increased by 12.6% on a year-on-year basis, totaling a whopping US$64 billion.

    Breakdown of Agricultural Exports

    The agricultural sector contributed significantly to this figure, accounting for $34.24 billion, representing an increase of 15% over the period. In particular, the average price of coffee exports experienced a significant boost, escalating by 40% to reach $5,667 per ton. Germany, Italy, and Spain emerged as the primary destination markets for these coffee exports.

    Furthermore, exports of fruits and vegetables witnessed a near 20% rise, amounting to $7.91 billion. This surge was primarily driven by robust demand from the Chinese and U.S. markets.

    Challenges in the Export Market

    Despite the general upward trend, not all products enjoyed the same level of success. Cashew and pepper exports did increase; however, some key commodities encountered challenges.

    Rice exports, for instance, took a substantial hit, declining by 27.7% to $3.83 billion due to increased competition. Similarly, exports of tea and rubber suffered a downturn as demand for these products weakened.

    Government’s Future Plans

    Phung Duc Tien, the Deputy Minister of Agriculture and Environment, recently stated that by the close of the year, the export value of agricultural, forestry, and fisheries products could reach an approximate $70 billion.

    In an effort to boost this sector further, the government is focusing on promoting green, organic, and circular agricultural models. These initiatives aim to preserve natural resources and biodiversity. Additionally, the government intends to fortify regional linkages to create a more unified, strong sector.

    Questions & Answers

    What was the total value of agricultural, forestry, and fisheries exports in the first eleven months of 2025?
    The total value was US$64 billion, representing a 12.6% increase year-on-year.

    Which agricultural products saw an increase in export value?
    The price of coffee exports rose by 40%, and there was a nearly 20% increase in the exportation of fruits and vegetables.

    Which agricultural products faced challenges in the export market?
    Rice exports faced a significant decline due to rising competition, and the shipment of tea and rubber products also dropped because of weakened demand.

  • Vietnam’s Exports Skyrocket: Breaking Records with $126 Billion Sales to US in 2022

    Vietnam’s Exports Skyrocket: Breaking Records with $126 Billion Sales to US in 2022

    The first ten months of the year saw a notable increase in exports to the U.S., with figures hitting a historical record that surpasses the full year of 2024. The boost was largely driven by the sectors of electronics and textiles. According to Vietnam Customs, there was a 28% year-on-year increase, bringing the total to US$126 billion, which represents over 30% of all exports.

    Key Contributors to the Export Increase

    A major factor in this increase was the growth in the export of computers, electronic products, and components. These rose by nearly 78% to over $34 billion, bolstered by a high demand for AI servers, tech devices, and parts required for semiconductor production.

    The shipment of machinery and equipment also experienced growth, with a 9.2% rise taking the total to $19.6 billion. Meanwhile, exports of phones and components saw a slight upward trend, totaling $9 billion, following a stagnant period of two years.

    The structure of Vietnam’s exports is also being transformed by a significant rise in the exports of toys and sporting goods. As numerous U.S. companies began to shift their orders away from China, this category witnessed an increase of over 255%, reaching $5.24 billion.

    Impressive Growth in Agriculture and Aquatic Exports

    There was also a substantial increase in agricultural and aquatic exports. Fruit and vegetables, coffee, and rubber products saw shipment increases of 58.5%, 60% and 51% respectively.

    Following a prolonged period of significant decline, aquatic products experienced a resurgence. There was a 7.5% increase in growth as U.S stocks dropped and the demand for premium seafood regained momentum. Textile and garment shipments also made a strong recovery, with an 11.4% rise bringing the total to $14.8 billion.

    Seafood companies in An Giang reported that goods with clear provenance and high quality were still being fairly easily accepted into the U.S. market. A number of firms are broadening their horizons and branching out into the halal market, whilst also exploring markets with consumption patterns that mirror the U.S.

    Shifting Global Supply Chains

    Analysts believe that this growth in exports is indicative of a significant shift in global supply chains. As U.S. companies increasingly look to reduce their dependence on China due to high tariffs, Vietnam’s standing in a range of product markets is being bolstered.

    Questions & Answers

    What factors contributed to the increase in exports to the U.S.?
    The increase in exports to the U.S. was driven by a surge in several sectors including electronics, textiles, toys, and sporting goods. The demand for tech devices and components for AI servers and semiconductor production also played a significant role.

    What changes occurred in the export structure of Vietnam?
    The export structure of Vietnam is experiencing a transformation due to the significant rise in the exports of toys and sporting goods. This is largely as a result of U.S. companies shifting their orders away from China.

    Has there been growth in the agricultural and aquatic exports?
    Yes, there has been a substantial increase in agricultural and aquatic exports. Shipments of fruits and vegetables, coffee, and rubber products rose significantly. After a steep decline, aquatic products also rebounded with a growth of 7.5%.

  • Vietnam’s Coffee Exports Skyrocket, Set to Surpass $8B in 2025 Thanks to Quality Boost and Market Expansion

    Vietnam’s Coffee Exports Skyrocket, Set to Surpass $8B in 2025 Thanks to Quality Boost and Market Expansion

    The Vietnam Coffee-Cocoa Association has recently projected that coffee exports for this year could greatly exceed expectations, potentially reaching over US$8 billion. This is a substantial increase from the previously set target of $6 billion for 2030. The association attributes this optimistic forecast to three primary factors, namely enhanced product quality, an increased proportion of processed products, and strategic long-term market expansion.

    According to the Ministry of Agriculture and Environment, Vietnam’s coffee exports in the first ten months of this year amounted to 1.3 million tonnes, bringing in $7.41 billion. This indicates a remarkable growth of 61.8% compared to the same period last year. Notably, shipments to several markets, including Mexico, experienced exceptional growth. Specifically, exports to Mexico increased by a factor of 34.7.

    The average export price of coffee also saw a significant increase, reaching $5,653 per tonne, a 42.5% surge from the previous year. The association cited that the low coffee prices prior to 2020 resulted in farmers reducing their plantations, thereby decreasing the overall supply. Conversely, businesses have increased their investments in sustainable production chains to enhance quality in compliance with international standards.

    The tight global supply paired with the continued rise in demand led to a spike in coffee prices, propelling export revenue to unprecedented levels. The Association went further to analyze that free trade agreements, particularly the EU-Vietnam Free Trade Agreement (EVFTA), have encouraged both businesses and farmers to adjust their practices to meet stricter emission and quality standards.

    This year saw the coffee industry develop a comprehensive ecosystem focused on responsible production, ranging from raw-material sourcing to processing. This move is expected to pave the way for sustainable growth in the years to come.

    Questions & Answers

    What led to the surge in Vietnam’s coffee exports?
    Enhanced product quality, an increased proportion of processed products, and strategic long-term market expansion are major factors that have contributed to the surge in Vietnam’s coffee exports.

    How have free trade agreements impacted the coffee industry in Vietnam?
    Free trade agreements, specifically the EU-Vietnam Free Trade Agreement (EVFTA), have encouraged businesses and farmers in Vietnam to adjust their practices to conform to stricter emission and quality standards.

    What steps have been taken towards sustainable growth in Vietnam’s coffee industry?
    The industry has developed a comprehensive ecosystem focused on responsible production, which spans from raw-material sourcing to processing. This is a strategic move towards achieving sustainable growth in the future.

  • Vietnam’s Fruit Exports Skyrocket to $4.06B in China: Durian and Banana Leading the Charge

    Vietnam’s Fruit Exports Skyrocket to $4.06B in China: Durian and Banana Leading the Charge

    In the first three quarters of 2025, Vietnam set a new export record, shipping out fruits and vegetables worth US$4.06 billion to China, marking a 19% increase in comparison to the previous year. This growth was largely driven by the export of durian and banana.

    Vietnam’s Market Share in China

    According to the data from Chinese customs, these exports accounted for 20% of China’s total fruit and vegetable imports, marking an increase from 17.9% a year earlier. Durian was the leading export product, with shipments valued at $2.3 billion. The average export price per ton was $3,696, which is 14-15% less than that of Thai durian. This fact has positioned Vietnam as the second-largest exporter of this fruit to China, preceded only by Thailand.

    The Popularity of Vietnamese Bananas

    Bananas were another significant export product, with shipments totaling $232 million, a 16% annual increase. With an average price of $409 per ton, Vietnamese bananas were considerably less expensive than those from the Philippines and Ecuador, which cost $589 and $757 respectively. This has made Vietnamese bananas a favorite among Chinese importers, particularly in border provinces such as Guangxi and Guangdong, where consumers value fresh, affordable, and high-quality products.

    China’s Fruit and Vegetable Imports

    Chinese imports of fruits and vegetables amounted to nearly $20.3 billion in the first nine months of 2025. Thailand was the leading supplier, with its exports to China accounting for $6.7 billion, representing a yearly increase of 10% and a 33% share of the market.

    Vietnam’s Export Strategy

    Dang Phuc Nguyen, the general secretary of the Vietnam Fruits & Vegetables Association, noted that Vietnamese exporters benefit from the close geographical proximity to China, resulting in lower transportation durations and costs. A representative from an exporter in Can Tho, a major durian producer, confirmed this, stating that this advantage enables them to maintain the freshness and quality of the fruit while cutting shipping costs by half compared to their Thai competitors.

    Free trade agreements, like ASEAN-China and RCEP, as well as bilateral quarantine protocols, have also facilitated exports. In response to China’s stricter import requirements, many Vietnamese businesses have improved their orchards and packaging lines and invested in cold storage facilities this year.

    Despite durians accounting for over half of Vietnam’s fruit and vegetable exports to China, export specialists have advised against over-reliance on a single product. To enhance its market share in China, they recommend that Vietnam diversify its products, improve storage technology, and adhere to quality standards.

    Questions & Answers

    What is the main fruit exported from Vietnam to China?
    Durian is the main fruit that Vietnam exports to China.

    How have Vietnamese businesses upgraded in response to China’s stricter import requirements?
    Vietnamese businesses have upgraded their orchards and packaging lines and invested in cold storage to meet China’s stricter import requirements.

    What are the recommendations for Vietnam to increase its market share in China?
    To increase its market share in China, Vietnam should diversify its products, improve its storage technology, and adhere to quality standards.

  • Vietnamese Pepper Exports Spice Up by 25%, Despite Increased Competition from Brazil

    Vietnamese Pepper Exports Spice Up by 25%, Despite Increased Competition from Brazil

    In the first ten months of 2025, Vietnam’s pepper exports experienced an increase of over 25% in comparison to the previous year. This growth occurred even though the export volume dropped 5.9% to 206,427 tonnes, as reported by the Vietnam Pepper and Spice Association.

    Key Export Markets

    The United States maintained its position as the largest market for Vietnamese pepper. The U.S. imported a total of 44,262 tonnes, which represented 21.4% of Vietnam’s total exports. Other important markets included the United Arab Emirates, China, India, and Germany.

    In the month of October, 19,430 tonnes of pepper were exported from Vietnam, valuing at $129.5 million. The quantity of black and white pepper exported was 16,464 tonnes and 2,966 tonnes respectively. Despite a minor decrease in both the export volume and value compared to September, there was a year-on-year increase of 5.1% and 7.7% respectively.

    Export Prices

    The average export prices for black and white pepper were $6,443 and $8,392 per tonne respectively.

    Imports of Pepper

    On the import side, Vietnam imported 37,783 tonnes of pepper during the first ten months, worth approximately $237 million. This represented a significant increase from last year. Brazil was the leading supplier, providing almost half of Vietnam’s total pepper imports.

    Despite Vietnam’s successful export performance, Brazil’s competitive position in the global pepper market is strengthening. With a weaker currency and competitive logistics costs, Brazil is expanding its output and presenting a greater challenge to Vietnam.

    Cinnamon Exports

    During the same period, cinnamon exports from Vietnam also performed well. Nearly 99,463 tonnes of cinnamon were exported, valuing at $249.5 million. This constituted a rise of 25.1% in volume and 13.2% in value compared to the previous year. The main markets for Vietnamese cinnamon included India, the U.S., Bangladesh, the UAE, and China.

    Questions & Answers

    What is the largest market for Vietnamese pepper?
    The largest market for Vietnamese pepper is the United States, which accounted for 21.4% of Vietnam’s total pepper exports.

    What is the current challenge for Vietnam in the global pepper market?
    The main challenge for Vietnam in the global pepper market is the intensifying competition from Brazil, which is increasing its output and benefiting from a weaker currency and competitive logistics costs.

    How did Vietnamese cinnamon exports perform in the first ten months of 2025?
    Vietnamese cinnamon exports performed well during this period, with an increase of 25.1% in volume and 13.2% in value compared to the previous year.

  • Vietnam Shrimp Exports Skyrocket by 22% in 2025: A Triumphant Three-Year High Driven by Global Demand

    Vietnam Shrimp Exports Skyrocket by 22% in 2025: A Triumphant Three-Year High Driven by Global Demand

    Vietnam’s shrimp industry has enjoyed a robust growth of 22% in export value year-on-year, reaching over US$3.4 billion in the first three quarters of 2025. This significant surge is the most considerable for this period within the last three years.

    Growth Drivers

    The notable increase in shrimp exports can be attributed to recovering demands from various markets, including China, the U.S, the EU, and the nations under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Furthermore, the ability of Vietnamese businesses to adapt to the flux of the market has also played a key role in this growth.

    The exports to China and Hong Kong alone contributed $966 million, a 65% increase from the previous year, accounting for almost 30% of the total export value.

    Rising Inventories

    Even though there’s been a substantial growth, a surge in inventories in these markets might result in a slowdown in imports during the last quarter of this year and the beginning of 2026.

    Despite potential anti-dumping tariffs, the U.S market has also seen a growth of 4% in shrimp exports, amounting to $587 million. In a bid to diversify and mitigate risks, many businesses are steering their focus towards the EU and other Asian markets. The EU alone had a total export value of $434 million, marking an increase of 21%.

    Exports to CPTPP and Other Asian Markets

    The CPTPP bloc accounted for almost $941 million in shrimp exports, up by 34%. Within the bloc, Japan topped the chart with a total import of $426 million, due to its steady demand for convenient and sustainably processed products.

    Exports to other Asian markets such as South Korea and Taiwan experienced significant growth as well. However, exports to Canada and Russia have shown signs of stagnation.

    Future Projections

    The Vietnam Association of Seafood Exporters and Producers predicts a slight downturn in shrimp exports in the final quarter due to potential hurdles in shipments to the U.S. On a positive note, stricter controls on Indonesian exports and Ecuador’s priority on China might decrease competition in other markets, paving the way for Vietnamese shrimp in the EU, Japan, and South Korea.

    The association expressed optimism for exports to the EU throughout the festive season and into 2026. The industry could further expand its market share by adjusting promptly to market trends and enhancing the national seafood brand.

    Despite the potential slowdown due to abundant global supply and cooling prices, Vietnam’s advantages under the EVFTA, coupled with its strong processing capacity and export experience, are expected to maintain the momentum.

    Questions & Answers

    What factors contributed to the growth in Vietnam’s shrimp exports?
    The recovery of demand from China, the U.S., the EU, and CPTPP nations, along with the adaptability of Vietnamese businesses to changing market conditions, were key to the growth of shrimp exports.

    What challenges does the shrimp industry potentially face in the coming months?
    The surge in inventories could lead to a slowdown in imports in the last quarter of 2025 and the beginning of 2026. In addition, potential anti-dumping tariffs in the U.S. might pose a hurdle to the industry.

    What strategies are Vietnamese businesses employing to maintain momentum in the shrimp industry?
    To mitigate risks, businesses are diversifying their focus towards the EU and other Asian markets. They are also adapting swiftly to market trends and strengthening the national seafood brand to expand their market share.

  • Despite Shipping 7 Million Tonnes, Vietnam Rice Exports Witness Slump Amid Falling Prices and Weak Global Demand

    Despite Shipping 7 Million Tonnes, Vietnam Rice Exports Witness Slump Amid Falling Prices and Weak Global Demand

    From the start of the year through October 15, Vietnam exported more than 7 million tonnes of rice. Despite this significant export volume, domestic paddy and rice prices have seen a decline due to reduced purchases from exporters.

    Rice Export Data

    The cumulative rice exports from Vietnam for the mentioned period were 7.02 million tonnes. These exports were valued at approximately $3.59 billion. When compared to the same time frame from the previous year, there was a 4.4% decrease in volume and a 21.9% reduction in value, according to data from the Vietnam Food Association (VFA).

    Last week, the cost of 5% broken jasmine rice was between $420 and $435 per tonne, which is close to a two-month low. A trader based in Ho Chi Minh City reported that domestic trading activity has been relatively stagnant. This is primarily due to many exporters slowing their paddy purchases from farmers as a result of weak overseas demand.

    Domestic Market Performance

    In the domestic market, jasmine paddy was trading at approximately $0.20 per kilogram, reflecting a decrease from the previous week. Conversely, the price of ordinary paddy saw an increase to an average of $0.20 per kilogram, as reported by the VFA.

    In Can Tho, a city in the Mekong Delta region, prices for various types of paddy remained steady. For instance, jasmine paddy was priced at $0.36 per kilogram, OM 18 at $0.29, IR 5451 at $0.27, and ST25 at $0.40, as per the data shared by the Institute of Policy and Strategy for Agriculture and Environment.

    In An Giang province, the Department of Agriculture and Environment reported that fresh paddy prices ranged from $0.21 to $0.25 per kilogram, depending on the variety. Retail rice prices within the province were observed to range between $0.52 and $0.95 per kilogram.

    Production Updates

    Regarding production, the Ministry of Agriculture and Environment stated that by October 20, nearly 1.24 million hectares of the 2025 summer-autumn crop were sown across the Mekong Delta provinces. Harvesting has been completed with an average yield of approximately 6.06 tonnes per hectare, or an estimated total of 7.51 million tonnes of paddy.

    For the autumn-winter crop, 763,000 hectares were planted, surpassing the planned area by 102.8%. Of this, 263,000 hectares have been harvested with an average yield of 5.68 tonnes per hectare.

    Questions & Answers

    What is the total volume of rice that Vietnam exported from the beginning of the year through October 15?
    Vietnam exported more than 7 million tonnes of rice during this period.

    How have domestic paddy and rice prices in Vietnam been affected?
    Domestic paddy and rice prices have seen a decline due to reduced purchases by exporters.

    What has been the impact on domestic trading?
    Domestic trading activity has been relatively stagnant due to many exporters slowing their paddy purchases from farmers because of weak overseas demand.

  • Us Spirit Exports Plunge Amid Rising Trade Tensions, Major Markets Show Sharp Decline

    Us Spirit Exports Plunge Amid Rising Trade Tensions, Major Markets Show Sharp Decline

    The Distilled Spirits Council of the United States (DISCUS) has reported that the nation’s spirit exports saw a 9% decrease in the second quarter. The organization indicated that this marked a sharp downturn from the solid export performance recorded in 2024. The major markets that experienced steep falls include the European Union, Canada, Britain, and Japan, which collectively contribute to 70% of the total export value. DISCUS, a trade association representing leading spirit producers such as Pernod Ricard, maker of Jameson Irish whiskey, and Brown-Forman, producer of Jack Daniel’s, attributed the slump to increasing trade tensions.

    Significant Market Drops

    Canada recorded the highest decline, with US spirit exports plummeting 85% to less than $10 million in the second quarter. The majority of Canadian provinces maintain a ban on American spirits in their stores, a measure implemented in response to US tariffs targeting Canada. However, Canada lifted retaliatory tariffs in September.

    Meanwhile, other significant markets also experienced drops. Exports to the EU, the industry’s largest market, declined 12% to $290.3 million, while shipments to Britain decreased 29% to $26.9 million. Exports to Japan also fell 23% to $21.4 million.

    Industry Concerns

    “There’s a growing concern that our international customers are increasingly opting for domestically-produced spirits or imports from countries other than the US, signalling a shift away from our great American spirits brands,” commented DISCUS President Chris Swonger.

    Swonger’s statement reflects wider apprehensions in the consumer goods industry about rising anti-American sentiment in the wake of the extensive tariff regime and other policies pursued by the US government.

    Reports have also suggested that this export slump coincides with American whiskey producers struggling with slowing domestic sales and historically high inventory levels.

    Call for Tariff Revisions

    Swonger emphasized the interconnectedness of the spirits sector, implying that US tariffs impact the industry as a whole. He appealed to the administration to focus on reestablishing zero-for-zero tariffs with trading partners.

    Questions & Answers

    What was the percentage drop in US spirit exports in the second quarter?
    There was a 9% decrease in US spirit exports.

    Which country recorded the most dramatic fall in US spirit exports?
    Canada recorded the most dramatic fall with an 85% decrease in US spirit exports.

    What are some of the challenges faced by American whiskey producers?
    American whiskey producers are facing challenges such as slowing domestic sales and record-high inventory levels.

  • Australian Beef Exports Surge Amid Us-china Trade Tensions: A Shift In Global Market Dynamics

    Australian Beef Exports Surge Amid Us-china Trade Tensions: A Shift In Global Market Dynamics

    The Australian beef industry has recently experienced a surge in exports to China, taking market share formerly held by the US. This shift has transpired in the wake of US President Donald Trump’s return to the White House and the ensuing trade tensions between the US and China. The shift of trade from the US to Australia has channelled hundreds of millions of dollars that were once funneled into the US cattle industry into Australian coffers.

    A Shift in Beef Trade

    US beef exports to China, which were valued at approximately A$182 million per month, experienced a significant decline when permits at several American meat facilities were allowed to expire by Beijing in March. This situation was further exacerbated by the trade war initiated by Trump. Other agricultural exports from the US to China have also taken a hit since Trump resumed power. The most notable among these is soybeans, with US farmers missing out on billions of dollars’ worth of exports in the current harvest season.

    In addition to these factors, US beef exports have generally been on a downward trend in recent years due to drought conditions shrinking the national cattle herd, leading to reduced production and record high prices. However, the slump in trade with China has been both more sudden and severe.

    According to Chinese trade data, the value of US beef exports to China dropped dramatically to just $12 million in July and $14 million in August, compared to $179 million and $189 million during the same period a year earlier.

    Australia’s Beef Boom

    Simultaneously, Australia has seen a surge in its beef exports to China. These shipments have soared from $212 million a month in the two years leading up to March to $335 million in July and $342 million in August. From April through August, US beef exports to China were valued at $587 million less than if trade had remained at the average levels from the previous two years. During this same period, Australian shipments were worth $474 million more.

    While Brazil, China’s largest beef supplier, has also increased its exports in recent months, Australia has reaped the most benefits due to its grain-fed beef, which most closely resembles US products.

    Matt Dalgleish, a meat and livestock analyst at Australian consultancy firm Episode 3, noted that this shift has been beneficial for Australia, helping to drive up cattle prices.

    The Future of Beef Trade

    Despite these changes, there is potential for US beef exports to rebound. Trade negotiations between Beijing and Washington could potentially end the current impasse, according to Joe Schuele, a spokesperson for the US Meat Export Federation.

    Even in the case of a trade agreement being reached, it could still take several years for the US to regain its former market share, according to Dalgleish. This is due in part to Australia’s beef production reaching an all-time high and its meat being significantly cheaper than that of the US.

    Adding another layer of complexity to the situation is an ongoing investigation by Beijing into beef imports, which could potentially result in trade restrictions to address a surplus of beef in China. The outcome of this investigation is expected to be released by November 26.

    Questions & Answers

    What caused the shift in beef exports from the US to Australia?
    This shift can be attributed to a combination of expired permits for American meat facilities, initiated trade war by President Donald Trump, and drought conditions in the US which led to reduced beef production.

    How has this shift impacted Australia’s economy?
    This shift has resulted in a boom for the Australian beef industry, driving up cattle prices and channeling hundreds of millions of dollars into the Australian economy.

    What could potentially alter the current state of beef trade?
    Potential changes in the beef trade could be prompted by the ongoing Beijing investigation into beef imports and the outcome of ongoing trade negotiations between the US and China.

  • Pepper Exports Soar to $1 Billion, Hitting a Seven-Year High in Global Markets

    Pepper Exports Soar to $1 Billion, Hitting a Seven-Year High in Global Markets

    Vietnam’s pepper industry is experiencing a remarkable resurgence, driven by robust global demand and a tightening supply chain that has propelled export prices to new heights, according to the Vietnam Pepper and Spice Association (VPSA). In August, Vietnam exported 21,464 tons of pepper, generating $139.8 million in revenue. This marked a 2.6% increase in volume and a 1.7% increase in value compared to July.

    Year-on-year comparisons show even stronger growth: export volume surged by 10.6% and earnings soared by 19.5%. From January to August 2023, Vietnam exported a total of 166,510 tons of pepper, comprising 142,627 tons of black pepper and 23,883 tons of white pepper. While overall volume dipped by 9.4% compared to last year, this decline was more than offset by rising prices, with the average export prices reaching $6,666 per ton for black pepper and $8,732 per ton for white pepper—an impressive 41.5% and 38% increase, respectively.

    The United States continues to be the largest market for Vietnamese pepper, despite a 31% decrease in shipments to 35,697 tons, accounting for 21.4% of the country’s total pepper export value. In contrast, exports to China have soared by 58% year-on-year, totaling 13,282 tons. Sales to the UAE and India also showed strong growth, rising by 9.7% and 13.7%, respectively. It’s an impressive balancing act, proving that while some doors may close, others swing wide open.

    On the flip side, Vietnam has ramped up its pepper imports, bringing in 34,524 tons valued at $215.3 million, which represents a staggering 61.7% increase in volume and a striking 143.5% spike in value from the previous year. Brazil remains the top supplier, sending over 17,500 tons, followed by Cambodia and Indonesia.

    Domestically, pepper prices have been on the rise since late August, with farm-gate prices climbing from VND142,000-143,000 (approximately $5.4) per kilogram to VND154,000-155,000 by early September before settling around VND152,000-153,000. VPSA attributes this price rise to dwindling on-farm stocks as the harvest season came to a close and a surge in demand from exporters.

    Looking ahead, industry experts predict that limited supply will sustain high prices in the near term. This is especially pertinent as Vietnamese exporters strategize to cut back on importing raw pepper for processing and re-export to the U.S. in light of the reciprocal tariffs that can reach up to 40% on transshipped goods.

    Questions & Answers

    How did Vietnam’s pepper exports perform in August 2023 compared to previous months?
    In August 2023, Vietnam exported 21,464 tons of pepper worth $139.8 million, reflecting a 2.6% increase in volume and a 1.7% rise in value from July.

    What factors have contributed to the rising prices of Vietnamese pepper?
    Rising prices are attributed to dwindling on-farm stocks after harvest and strong demand from exporters, particularly as global supply tightens.

    Which countries are the primary markets for Vietnam’s pepper exports?
    The United States remains the largest market, despite a 31% drop in shipments, while exports to China surged by 58%, indicating shifting dynamics in the demand for Vietnamese pepper.

  • Vietnamese Rice Exports Hit a Standstill as Philippines Imposes Import Ban

    Vietnamese Rice Exports Hit a Standstill as Philippines Imposes Import Ban

    In the heart of Vietnam’s Mekong Delta, traders like Hang are feeling the pinch. In a region renowned for its rice production, Hang purchased only a few tons last week, a stark contrast to his usual orders of hundreds. Amid this landscape of caution, rice exporters are navigating a murky market, grappling with decisions that could impact their bottom lines.

    Philippine Market Suspension Sends Shockwaves

    Nguyen Chi Thanh, director of the rice division at export company Angimex, captured the mood succinctly: “Prices remain low, but we dare not buy much.” This hesitancy has been exacerbated by the Philippine government’s recent decision to suspend rice imports for 60 days, a move aimed at shielding local farmers. As the Philippines typically accounts for over 40% of Vietnam’s rice export market, this abrupt halt has cast a shadow over procurement practices in the Mekong region.

    Across the globe, the pricing dynamics are shifting. Vietnam’s 5% broken rice is currently priced at $399 per ton, making it more expensive than similar varieties from Thailand and India. As demand falters internationally, buyers are increasingly hunting for cheaper alternatives, intensifying competitive pressure on Vietnamese exporters.

    Local Authorities Urge Caution and Strategy

    Faced with this volatility, local authorities in the Mekong Delta are advising exporters to exercise prudence amidst global uncertainties. The Department of Industry and Trade in Vinh Long, a province that heavily relies on exports to the Philippines, has issued a timely notice urging companies to remain vigilant and patient as market conditions evolve. Diversifying export markets is also touted as a strategy to mitigate risks.

    Despite these challenges, Vietnam exported 6.3 million tons of rice valued at $3.17 billion in the first eight months of the year. However, while export volumes saw a slight uptick, the value plummeted by nearly 18% due to falling prices. The Philippines remains Vietnam’s largest buyer, importing 2.6 million tons.

    Looking Ahead: Diversification is Key

    On September 1st, the Ministry of Industry and Trade emphasized the importance of keeping a close eye on market trends and warned against overreliance on any single buyer. Leaders are advocating for expanded trade relationships with countries such as China, Indonesia, Malaysia, and nations across Africa and the Middle East.

    Prime Minister Pham Minh Chinh has thrown his weight behind the diversification efforts, calling for improved market strategies to ensure food security in light of the fluctuating rice export landscape. He has also directed the State Bank of Vietnam to enhance credit resources for rice production and trading enterprises while urging the Ministry of Industry and Trade to intensify outreach to countries with whom Vietnam has free trade agreements, including the U.S., South Korea, and the E.U.

    Experts remain optimistic; while higher prices compared to competitors like Thailand and India may appear disadvantageous, they have not diminished Vietnam’s market presence. Major clients continue to place orders, attracted by the country’s reputation for quality and reliability. Additionally, analysts point to potential opportunities in Africa and the Middle East as challenges in supply chains from Thailand and India persist.

    Though the Philippine market poses a setback for now, projections suggest that Vietnam’s rice exports could exceed eight million tons this year, reinforcing its status as the world’s second-largest rice exporter, trailing only India. Exporters remain hopeful that prices will rebound as global demand increases and the Philippines resumes imports, making the situation as ripe with potential as the golden fields of rice in An Giang.

    Questions & Answers

    How are Vietnamese exporters responding to the suspension of rice imports by the Philippines?
    Exporters are adopting a cautious approach, limiting their purchases and exploring strategies to diversify markets in response to the suspension.

    What factors are influencing the current pricing of Vietnamese rice on the global market?
    Vietnam’s rice prices are affected by competitive pressures from lower-priced rice from Thailand and India, combined with a decrease in global demand.

    What are the government’s recommendations for Vietnamese rice exporters moving forward?
    The government urges exporters to diversify their market base, expand their reach to new regions, and stay vigilant to market changes to mitigate risks.