The impacts of climate change on shrimp aquaculture can vary widely and can have environmental and socioeconomic consequences. This study assessed the vulnerability to climate change impacts of selected small-scale shrimp farms of Penaeus vannamei and shrimpfish market vendors in Davao region, 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 (N=39) shrimp farmers and forty-eight (N=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 climate change adapation in the region.