The Philippine shrimp industry has been affected by the impacts of marine pollution, diseases and climate change variabilities. This study assessed the vulnerability to climate change of selected small-scale shrimp farms of Penaeus vannamei and market vendors in Davao, Philippines using a modified Fisheries Vulnerability Assessment Tool (FishVool). Shrimp farmers and vendors were interviewed using two separate semi-structured questionnaires. A total of thirty nine (39) shrimp farmers and forty eight (48) market vendors from various market areas within the region were interviewed. Data regarding exposure (E), sensitivity (S), and adaptive capacity (AC) were collected following the FishVool parameters with modifications. Results revealed that overall climate change vulnerability of the shrimp farmers was medium (M), where both exposure and adaptive capacity were low (L) while sensitivity was medium (M). In addition, the shrimp market vulnerability of the various sites examined revealed medium (M) scores for markets in Pantukan, Mabini, Tagum, Maco, Lupon, Davao City, and Digos. But high (H) vulnerability scores for the markets in Panabo and Sta Cruz. Overall, the study provided a better understanding about shrimp farming in relation to climate change impacts and vulnerability and provided information for future shrimp farm management, marketing and conservation in the region.