Vietnam currently is the third largest seafood exporter in the world. The European Union (EU) always demands abundant resources due to the average consumption of around 22 kilograms of seafood per capita.
Vietnamese enterprises should be more active to participate in the supply chains of foreign-invested companies to leverage the benefits of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
As the global supply chain becomes increasingly complex and the predicted “stricter” changes from the Trump administration in early 2025, Vietnamese businesses must make changes to optimize opportunities and operate effectively in the supply chain.
Vietnam's seafood industry is riding a wave of success, with November exports reeling in an impressive 924 million USD, a 17% annual increase, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).