The Vietnam Association of Seafood Exporters and Producers (VASEP) reports that Brazil’s decision to lift the ban on tilapia imports and negotiate market access for Vietnamese catfish has positively impacted the seafood industry. While Brazil’s previous suspension of tilapia imports from Vietnam had minimal effect on trade due to low export volumes, Brazil is a significant market for Vietnamese catfish products, accounting for 90% of seafood imports from Vietnam.
With Brazil now reopening its market to catfish and allowing tilapia re-exports, there are increased opportunities for Vietnamese seafood exporters. This development aligns with efforts to boost trade value, balance commercial exchanges, and work towards the bilateral trade target of $15 billion by 2030.
VASEP data highlights Brazil as one of the largest destinations for Vietnamese catfish, with exports reaching $55 million in Q1 2025, a 67% increase year-on-year. Brazil primarily imports frozen catfish fillet blocks (HS code 0304) from Vietnam, with exports of this product exceeding $48 million in Q1, a 74% surge compared to the previous year.
Nam Viet Joint Stock Company is the leading Vietnamese exporter to Brazil, accounting for 14% of total exports to this market. Overall, catfish exports in Q1 2025 surpassed $465 million, a 13% increase year-on-year, with China and Hong Kong remaining the top markets.
“Untapped Potential: Exploring the Vietnam-Thailand Economic Partnership”
On the afternoon of May 15th, at the National Assembly, Chairman of the Vietnamese National Assembly, Mr. Tran Thanh Man, held a meeting with the Thai Prime Minister, Ms. Paetongtarn Shinawatra. The occasion marked the official visit of the Thai Prime Minister and her delegation to Vietnam and their co-chairing of the 4th Vietnam-Thailand Joint Cabinet Meeting from May 15-16th.
The Power of Collaboration: Vietnam and Thailand Exchange Significant Cooperation Documents
On the morning of May 16, following the co-chairmanship of the 4th meeting of the Vietnam-Thailand Joint Cabinet, Prime Minister Pham Minh Chinh and his Thai counterpart, Prime Minister Paetongtarn Shinawatra, witnessed the signing of several cooperation documents between the two countries.
“US-Vietnam Trade Agreement: A Mutually Beneficial Partnership”
On May 13, Prime Minister Pham Minh Chinh met with representatives of the American business community investing and operating in Vietnam. The purpose of this meeting was to listen to and address any challenges they may face, as well as to discuss proposals to enhance Vietnam-US investment and business cooperation.
“The Reliance of Major Economies on Imported Commodities”
In 2024, the world imported a staggering $24.7 trillion worth of goods, with some countries relying more heavily on imports than others.
The Golden Grain Floods Vietnam: America’s Gift of a Superfood at Super-Low Prices.
“The import of this particular product from the United States has witnessed a significant surge in Vietnam during this period. This trend underscores a growing demand and an intriguing shift in the market dynamics between the two nations.”
