The Vietnam Association of Seafood Exporters and Processors (VASEP) and the Russian Fisheries Association (VARPE) have signed a Memorandum of Understanding (MoU) to promote seafood trade and scientific cooperation between the two countries.
The signing ceremony took place on the sidelines of the 8th Global Seafood Forum and Russian Seafood Expo in St. Petersburg.
Under the MoU, both sides will expand business collaboration, simplify trade procedures, improve the quality and safety of seafood products, and strengthen scientific and technological cooperation in the fisheries sector. The agreement represents a practical step toward connecting the Arctic Ocean and the Mekong Delta, contributing to the development of a sustainable seafood supply chain linking Asia and Europe.
In 2024, seafood trade revenue between Vietnam and Russia reached $362 million, while the figure for the first eight months of 2025 stood at $212.4 million.
Both Vietnam and Russia are currently ranked among the world’s top ten fish exporters, underscoring the potential for further partnership in the global seafood market.
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