The venerid clams Meretrix meretrix and Katelysia hiantina are important component of shallow benthopelagic estuarine ecosystems, fisheries and cuisine in the Indo-West Pacific region. The uncontrolled and regular harvesting of these species may lead to population decline. Studies on aspects of growth and reproductive biology are indispensable input to the rational management of the clams. In this study, we examined lunar periodicity in growth through gross morphology measurements and reproductive potential of the two coexisting venerid species M. meretrix and K. hiantina from inner Panguil Bay, Philippines. For each clam species, thirty live samples per lunar phase sampling were collected during low tide from gleaners in situ from March to May 2017. Clams were individually measured for body length, width, inflation, and total weight, and dissected to obtain gonadosomatic index and fecundity that was estimated through volumetric method. Results showed no significant difference in growth for both clam species during each lunar phase. In contrast, significant differences were found for both fecundity and GSI for the two species to lunar phases. Furthermore, both species showed unimodal and bimodal peak for fecundity and GSI, with maximum values of M. meretrix peaking during new moon and full moon while those of K. hiantina only during full moon. We attribute these differences in GSI and fecundity peaks to reproductive niche differences of the two coexisting species in the brackish area of inner Panguil Bay. Hence, this study gives insight into the reproductive biology and potential for fisheries production of the studied venerid clams.