Vietnam Aquaculture Market By Rearing Product Type (Equipment, Chemicals, Fertilizers, Pharmaceuticals), By Culture (Freshwater, Marine, Brackish Water), By Species (Aquatic Animals and Aquatic Plants), By Culture System (Extensive, Semi-Extensive, Intensive), By Production Type (Small Scale, Medium and Large Scale), By Distribution Channel (Traditional Retail, Supermarkets & Hypermarkets, Specialized Retailers, Online Stores, Others), By Region, Competition, Forecast & Opportunities, 2021-2031F

Key Insights	Details
Forecast Period	2027-2031
Market Size (2025)	USD 1.23 Billion
CAGR (2026-2031)	5.64%
Fastest Growing Segment	Freshwater
Largest Market	Southern Vietnam
Market Size (2031)	USD 1.71 Billion

Market Overview

The Vietnam Aquaculture Market will grow from USD 1.23 Billion in 2025 to USD 1.71 Billion by 2031 at a 5.64% CAGR. The Vietnam aquaculture market encompasses the controlled cultivation of aquatic organisms, including various fish species, crustaceans, mollusks, and aquatic plants, primarily for human consumption and international export. This market's expansion is significantly driven by favorable geographic and climatic conditions, characterized by an extensive coastline and abundant freshwater resources. Furthermore, strong global demand for seafood products, alongside substantial government support through policy initiatives and infrastructure investments, acts as a key stimulant for growth. According to the Vietnam Association of Seafood Exporters and Producers, Vietnam's seafood exports reached approximately USD 11.3 billion in 2025, representing an increase of over 12% compared to 2024.

Despite this favorable trajectory, a notable challenge impeding market expansion is the persistent risk of disease outbreaks. These events can result in considerable production losses, inefficient resource allocation, and the potential for unsustainable farming practices, thereby presenting ongoing threats to the long-term economic stability and growth of the sector.

Key Market Drivers

Global Demand Drives Vietnam Aquaculture Growth and Exports
Rising global seafood demand significantly propels the Vietnam aquaculture market, driven by increasing consumption worldwide and Vietnam's established reputation as a reliable supplier of aquatic products. The country benefits from its ability to meet diverse market needs, particularly for popular species like shrimp and pangasius. This growing demand fuels production expansion and export-oriented strategies within the Vietnamese aquaculture sector. According to the Vietnam Association of Seafood Processing and Export (VASEP), June 2026, in its report on Vietnam's seafood exports in May and first five months of 2026, total seafood exports reached US$4.67 billion, an increase of 11% compared to the same period last year. This consistent growth underscores the market's responsiveness to international buying patterns and the effectiveness of Vietnam's export infrastructure.

Government Support and Policy Frameworks Propel Aquaculture Expansion
Strong government support and comprehensive policy frameworks further solidify the growth trajectory of Vietnam's aquaculture market. These initiatives include strategic investments, infrastructure development, and regulatory environments designed to enhance sustainability and competitiveness. The government actively promotes advanced farming techniques and value-added processing to meet stringent international standards. For example, according to an announcement in October 2025, Vietnam's Vinh Long province is set to develop a large-scale aquaculture economic zone worth an estimated USD 1.5 billion annually, aiming to boost seafood exports and strengthen its position in global markets. This focused government backing fosters a stable and attractive environment for both domestic and foreign investment, leading to sustained expansion. Overall, according to Vietnam Aquatech, in 2025, aquaculture production reached more than 5.98 million tons, up 2.9% compared to 2024.

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Key Market Challenges

Impact of disease outbreaks on Vietnam aquaculture expansion
The persistent risk of disease outbreaks directly impedes the expansion of the Vietnam aquaculture market by generating substantial production losses and disrupting supply chains. These outbreaks lead to reduced yields, lower survival rates among aquatic organisms, and increased operational costs for farmers, diminishing overall market efficiency. The economic stability of the sector is consequently undermined as unreliable production volumes complicate planning and investment.

Pangasius production losses and high mortality
Disease outbreaks significantly hamper market growth through tangible impacts on output. For instance, according to a workshop reported by the Vietnam Association of Seafood Exporters and Producers (VASEP) in June 2026, technical efficiency in pangasius production remains low, with food losses estimated between 30% and 50% in 2025. Furthermore, in certain instances, mortality rates for pangasius have exceeded 80%, resulting in considerable financial setbacks for producers. Such widespread losses directly translate into a constrained supply of aquatic products for both domestic consumption and international export, thereby limiting the market's ability to capitalize on strong global demand.

Key Market Trends

Rise of High-Tech Aquaculture in Vietnam
The Vietnam aquaculture market is notably shaped by the increasing adoption of high-tech aquaculture solutions. These innovations are transforming traditional farming methods by integrating advanced technologies to enhance efficiency, reduce risks, and boost productivity. For instance, high-tech systems often incorporate real-time water quality monitoring, automated feeding, and disease prevention mechanisms, which lead to more controlled and productive farming environments. According to Nexpo, May 2025, in its report on Vietnam's Aquaculture 2025, Vinh Long province targets 4,000 hectares of high-tech shrimp farming by the end of 2025, demonstrating a strategic shift towards modern cultivation practices. This trend is critical for improving yield, minimizing environmental impact, and enabling the sector to meet stringent international market demands for quality and safety.

Sustainability Push and ASC Certification in Vietnamese Aquaculture
A second significant trend is the growing emphasis on sustainability and green farming practices within the market. This reflects a broader global movement towards environmentally responsible food production, driven by consumer preferences and stricter import regulations. Vietnamese aquaculture producers are increasingly seeking certifications such as Aquaculture Stewardship Council (ASC) to validate their commitment to ecological and social responsibility. This focus ensures not only the long-term viability of aquatic resources but also strengthens Vietnam's position in premium export markets. According to Vietfish Magazine, August 2025, Vietnam accounted for all ASC-certified pangasius production worldwide in 2024, with 58 farms producing approximately 210,144 tonnes for export to 61 markets. This demonstrates the industry's proactive steps toward sustainable development and market competitiveness.

Segmental Insights

Freshwater Aquaculture Growth Driven by Economics, Technology, and Policy Support
In the Vietnam Aquaculture Market, the freshwater segment stands out as the fastest-growing area, driven by a confluence of favorable conditions and strategic initiatives. This rapid expansion is primarily attributed to scalable inland farming economics, allowing for predictable production cycles under controlled environments. Significant technological advancements in artificial breeding, improved feed quality, and refined husbandry practices for key species such as striped catfish (Pangasius) have substantially boosted productivity and efficiency. Furthermore, the Vietnamese government, through the Ministry of Agriculture and Rural Development (MARD), actively supports aquaculture development and export growth, including reservoir aquaculture to diversify production and enhance food security, ensuring a robust and sustainable sector.

Regional Insights

Geographic Advantage and Infrastructure Drive Southern Vietnam's Aquaculture Leadership
Southern Vietnam leads the Vietnam Aquaculture Market due to its exceptional natural conditions, particularly within the Mekong Delta. This region boasts an extensive network of rivers and canals, fertile soil, and a temperate climate, which together enable year-round aquaculture production. Such advantageous geography facilitates the large-scale cultivation of key export species like Pangasius and shrimp, establishing the area as the national production and export hub. Furthermore, the region benefits from dense processing infrastructure and well-developed logistics, which minimize transport losses and support continuous plant utilization, reinforcing its dominant position in the market.

Recent Developments

• In December 2025, De Heus Company Limited and Minh Phu Seafood Corporation officially signed a strategic cooperation agreement focused on the sustainable advancement of Vietnam's shrimp value chain. Under this collaboration, De Heus committed to supplying Minh Phu with advanced nutritional solutions, high-quality aquafeed, and technical support. Minh Phu, a prominent shrimp processing and exporting enterprise, agreed to utilize De Heus's shrimp feed products in its farming operations. This partnership aimed to develop comprehensive and professional shrimp production that adheres to international standards and expands global market reach for Vietnamese shrimp.
• In November 2024, Vinh Hoan Corporation secured a pioneering green trade facility from HSBC Bank (Vietnam) Ltd., marking a significant development in sustainable aquaculture financing within Vietnam. This agreement represented the first green financing facility specifically for the seafood sector in the country. The funding was designated to support Vinh Hoan's working capital needs for its sustainable seafood production, reinforcing its leadership in environmental stewardship through practices such as circular economy models and waste minimization techniques in the Vietnam aquaculture market.
• In August 2024, Minh Phu Seafood Corporation introduced a new product, Premium HLSO, under its "Rice Shrimp 5 in 1" brand, specifically targeting the Vietnam aquaculture market. This Head Less Shell On shrimp product was developed through a sustainable rice-shrimp farming model, which integrates rice cultivation with shrimp raising on the same land. The innovative system focuses on maximizing land utility and promoting environmental stewardship, ensuring superior quality and flavor without industrial feed. The launch represented the company's commitment to advancing sustainable seafood offerings.
• In February 2024, Vinh Hoan Corporation formed a strategic partnership with Entobel, a company specializing in insect protein production, to enhance the sustainability of its pangasius feed in the Vietnam aquaculture market. This collaboration involved an agreement for Vinh Hoan to purchase a substantial volume of insect protein from Entobel's facility in Vietnam, with a commitment for at least 15,000 metric tons between 2025 and 2027. The initiative aimed to integrate more sustainable ingredients into aquafeed, thereby reducing reliance on traditional protein sources and ensuring traceability throughout the value chain for pangasius production.

Key Market Players

• ASMAK
• Al Jaraf Fisheries
• Fish Farm LLC
• Alwathba Investment
• Sheikh Khalifa Marine Research Center
• Al Futtaim Aquaculture
• HyperPanda Seafood
• Amazon Vietnam

By Rearing Product Type	By Culture	By Species	By Culture System	By Production Type	By Distribution Channel	By Region
Equipment Chemicals Fertilizers Pharmaceuticals	Freshwater Marine Brackish Water	Aquatic Animals and Aquatic Plants	Extensive Semi-Extensive Intensive	Small Scale Medium and Large Scale	Traditional Retail Supermarkets & Hypermarkets Specialized Retailers Online Stores Others	Northern Central Southern

Report Scope:

In this report, the Vietnam Aquaculture Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Vietnam Aquaculture Market, By Rearing Product Type:

• Equipment
• Chemicals
• Fertilizers
• Pharmaceuticals

• Vietnam Aquaculture Market, By Culture:

• Freshwater
• Marine
• Brackish Water

• Vietnam Aquaculture Market, By Species:

• Aquatic Animals and Aquatic Plants

• Vietnam Aquaculture Market, By Culture System:

• Extensive
• Semi-Extensive
• Intensive

• Vietnam Aquaculture Market, By Production Type:

• Small Scale
• Medium and Large Scale

• Vietnam Aquaculture Market, By Distribution Channel:

• Traditional Retail
• Supermarkets & Hypermarkets
• Specialized Retailers
• Online Stores
• Others

• Vietnam Aquaculture Market, By Region:

• Northern
• Central
• Southern