Top 10 Vietnam Aquaculture Companies

The Vietnam aquaculture market reached a volume of 5.1 Million Tons in 2023. As per the analysis by IMARC Group, the top Vietnam aquaculture companies are increasingly focusing on investments in research and development (R&D) to enhance production facilities while reducing operational costs. The major market players are utilizing advanced technologies, such as water quality monitoring systems, advanced fish health management systems and automated feeding techniques to streamline and scale their operations. Moreover, the market players are also focusing on compliance with stringent regulatory requirements and are implementing strict end-to-end quality control tests in the production process and conducting certification programs. In addition to this, manufacturers are emphasizing on sustainable development practices and are increasingly adopting eco-friendly and socially responsible farming methods to reduce their carbon footprint. Also, the key players are establishing strategic partnerships with local players and expanding their export markets to capitalize on the growing demand for seafood internationally. Furthermore, they are investing in marketing campaigns to promote their products and increase sales via organized online and offline retail channels. Some of the other factors contributing to the market include rapid industrialization, rising consumption of meat and seafood among the masses, the growing popularity of organic seafood, and high product utilization in the formulation of pet feed. By 2032, the market volume is expected to reach 6.9 Million Tons, growing at a projected CAGR of 3.3% during 2024-2032.

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List of Top Companies Operating in the Vietnam Aquaculture Industry:

The Vietnam aquaculture market has several major players including Ca Mau Seafood Processing & Service Joint Stock Corporation, Hung Vuong Corporation, Minh Phu seafood corporation, Vinh Hoan corporation, Quoc Viet seafood, Dong Nam Seafood, Phuong Dong Seafood, Ngoc Sinh seafood, SOC Trang Seafood Joint Stock Company, and Thuan Hung Fisheries Company Ltd. More information about these companies has been provided below.

1. Ca Mau Seafood Processing & Service Joint Stock Corporation

One of the most professional seafood companies in Vietnam, the Ca Mau Seafood Processing and Service Joint Stock Corp. was established in 1996 as a state-owned corporation, located in Ca Mau province, the southern part of the country. Upon adoption of the government's policy, the corporation became a joint stock company, using the trade name Cases. The company is located in the heart of the Camau peninsula, and it has the capability of processing and delivering frozen seafood of all kinds, with shrimp and surimi being their specialty. The company has multiple factories equipped with modern equipment, such as IQF machines, steamers, boilers, air blasts, contact freezers, and metal detectors. CASE exports to all corners of the world frozen seafood such as black tiger prawn, Vannamei shrimps, Surimi, cephalopods, and fishmeal. The company has a strong business presence spanning across Japan, USA, Europe, Australia, Korea, Hong Kong, Singapore, China and Thailand.

2. Hung Vuong Corporation

The Hung Vuong Corporation is a food processing company that farms, processes, and exports various aquatic food products. Originally incorporated as Hung Vuong Limited Company for exporting pangasius, the company was later re-named Hung Vuong Corporation. Hung Vuong currently specializes in pangasius processing and export in Vietnam. The company has been operating for many years in the industry and has a closed production system that provides fish feed, aquaculture breeding, cold storage, and exports. Hung Vuong Corporation has a strong presence across the globe and its products are widely available in several countries worldwide.

3. Minh Phu seafood corporation

Minh Phu Seafood Corporation is a leading producer and exporter of shrimp in Vietnam and has a strong presence in the global aquaculture market as well. The company specializes in farming, processing, and exporting various types of shrimp, including black tiger shrimp, whiteleg shrimp, and vannamei shrimp. The company also emphasizes on sustainable and responsible aquaculture practices and compliance with highest international standards and has received numerous accolades and certifications for its products and production facilities with a commitment to sustainability. With exports to over different countries, including the US, Japan, EU, and China, Minh Phu Seafood Corporation has established long-term partnerships with major global retailers and distributors.

4. Vinh Hoan corporation

Vinh Hoan Corporation is a prominent player in the Vietnamese aquaculture industry, focusing on the farming and processing of pangasius fish for local and foreign markets. The company employs a vertically integrated business model that enables them to establish complete control over the entire production process, ranging from hatcheries, and processing facilities, to exports. Vinh Hoan Corporation has implemented advanced technologies, including automated feeding and water treatment systems, alongside stringent quality control measures across their production process. Apart from its aquaculture activities, Vinh Hoan Corporation has diversified into other segments of the seafood industry, including the processing and distribution of shrimp and other seafood products.

5. Quoc Viet seafood

Quoc Viet seafood is one of the prominent players in aquaculture and seafood production in Vietnam. By integrating their vertical shrimp farming systems, they can control the entire supply chain to ensure they deliver a reliable, safe, and ethically sourced shrimp product. It has a close strategic association with local shrimp farmers that ensures product supply and availability all year round. Quoc Viet Seafood is committed to sustainable and responsible practices, in addition to its core business of farming, processing, and exporting seafood products. The company has globally certified farms and processing plants and is a member of the Global Aquaculture Alliance. The company exports to major markets in Japan, Europe, the USA, Canada, Australia, and Korea.

6. Dong Nam Seafood

Dong Nam Seafood is a prominent player in the Vietnam aquaculture market that has a considerable share in the Vietnam aquaculture market with a diversified and expansive business presence. Dong Nam Seafood has a wide business reach in Vietnam, including the Mekong Delta region and has an extensive supplier network in the area, which provides them with access to high-quality and fresh seafood for their processing facilities. In addition to its aquaculture operations, Dong Nam Seafood is also involved in other related businesses, such as seafood processing, trading, and exporting.

7. Phuong Dong Seafood

Phuong Dong Seafood is a major player in the Vietnam aquaculture market, their core business focusing on shrimp farming, processing, and exportation. The company is operating in several provinces, including Bac Lieu, Ca Mau, and Soc Trang. Additionally, the company has two processing plants located in Bac Lieu province that can process up to tons of seafood daily. The company has obtained several certifications for its products, including the Aquaculture Stewardship Council (ASC) certification and the Best Aquaculture Practices (BAP) certification. Additionally, the company has implemented several sustainable initiatives such as eco-friendly farming methods, enhanced traceability, and local farming to maintain a competitive edge in the market.

8. Ngoc Sinh seafood

Ngoc Sinh seafood specializes in the production and export of high-quality pangasius fish and is regarded as a prominent player in the Vietnam aquaculture market. Ngoc Sinh seafood operates a vertically integrated business model, which includes farming, processing, and exporting pangasius fish. The company owns and operates fish farms in the Mekong Delta region of Vietnam, where it produces tons of fish annually. In addition to its large-scale aquaculture operations, Ngoc Sinh seafood has a modern processing plant that meets international food safety standards. Additionally, the company invests heavily in sustainable development and has been conducting extensive research and development (R&D) activities focusing on environmentally friendly farming methods and implementing strict quality control measures throughout the production process.

9. SOC Trang Seafood Joint Stock Company

SOC Trang Seafood Joint Stock Company holds a significant share in the Vietnam aquaculture market and is a leading seafood provider. The company specializes in the farming, processing, and export of various seafood products such as shrimp, pangasius, and squid. The company operates several processing plants and hatcheries in the Mekong Delta region with an enhanced focus on the export market. The company also invests on numerous sustainable aquaculture practices and has achieved several international certifications for complying with numerous stringent international regulatory standards. The company has a strong global presence, with some of the key export markets including the United States, Japan, South Korea, and the European Union.

10. Thuan Hung Fisheries Company Ltd

Thuan Hung Fisheries Company Ltd is a highly influential player in the Vietnam aquaculture industry, resulting in a strong market presence. The company operates in a closed aquaculture production system and has established strict standards and procedures for all stages of its operations, from breeding to packaging the final products. Its product portfolio includes a diverse range of high-quality aquaculture products, including shrimp and fish such as black tiger shrimp, whiteleg shrimp, red tilapia, and pangasius, as well as value-added products like breaded and battered seafood. Thuan Hung Fisheries Company Ltd primarily operates within Vietnam, with distribution centers and processing facilities located in key regions across the country.

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