Recent developments show that Russia's seafood exports are being affected. The organizers of the seafood fair Seafood Expo Global, held in Barcelona, Spain at the end of April 2022, banned all Russian companies from participating. It is the world's largest seafood trade event, attracting more than 29,100 buyers, suppliers, media and other seafood professionals from more than 150 countries to attend the fair every year.

Recently, the leader of the Danish Fisheries Association also warned that Russian whitefish sent to China for processing and re-export to the EU may be subject to sanctions from the EU due to the conflict in Ukraine. As a result, exports of fillets of white fish such as cod, cod or pollock, mainly to the EU or US, are likely to be affected.

According to a pangasius exporter in the Mekong Delta, this can be seen as an opportunity for Vietnamese shrimp and fish products. However, this is only a temporary opportunity, but in the long term, it is necessary to continue to improve and improve product quality to maintain growth momentum.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the Russian market accounts for 2% and Ukraine accounts for 0.3% of Vietnam's seafood exports. The current conflict will increase gasoline prices and lead to a series of other input costs increase, affecting prices and profits of seafood companies. Fishing activities will also be strongly affected. However, exports in the coming months will continue to have a positive growth momentum because of strong demand from markets.

According to Thanh Nien