Frozen pangasius fillets are still the main product for Vietnam's pangasius exports. In May 2024, exports of this product reached 134 million USD, up 2% over the same period last year. By the end of May, Vietnam had exported nearly 603 million USD of frozen pangasius fillets to markets, down slightly by 0.1% over the same period last year.
Regarding consumption markets, China and Hong Kong are still consuming the most Vietnamese pangasius. Cumulative pangasius exports to this market in the first 5 months of this year reached nearly 203 million USD, down 13% over the same period. In particular, in May 2024 alone, pangasius export turnover to China reached nearly 48 million USD, an increase of 1%; exports to Hong Kong reached more than 2.3 million USD, down 16% compared to the same period in 2023. May 2024 was recorded as the month with the second-highest value of Vietnamese pangasius exports to China and Hong Kong since the beginning of the year with a value of nearly 50 million USD, a slight increase of 0.4% over the same period, up 21% over the previous month.
Pangasius exports to the US in May 2024 reached 30 million USD, down 7% over the same period last year. Cumulative pangasius exports in the first 5 months of this year to the US reached more than 132 million USD, up 12% over the same period in 2023.
Pangasius exports to the CPTPP market continued to maintain growth momentum in May 2024, with a value of nearly 13 million USD, an increase of 17% over the same period. Among them, a few markets recorded an increase in pangasius imports, including Mexico, Japan, Canada, Singapore, etc. By the end of May 2024, pangasius exports to CPTPP reached 103 million USD, an increase of 9% over the same period.
Similar to the US market, pangasius export turnover to the EU market witnessed a decrease of 16% in May 2024, with a value of 14 million USD. Cumulative exports in the first 5 months of the year to this market reached 70 million USD, down 9% over the same period last year. Although turnover decreased, many markets in the EU recorded an increase in imports of Vietnamese pangasius in May 2024, while in May 2023 there was almost no import, including Bulgaria (59 thousand USD), Hungary (40 thousand USD), and Czech Republic (53 thousand USD).
The US and EU tightening of seafood imports from Russia open up great opportunities for Vietnamese pangasius. Meanwhile, demand for pangasius in China is expected to improve as policies to support the country's economy "permeate.".
Vietnam's pangasius export prospects will remain positive in the second half of this year, especially in main markets such as the US, and China,...According to the global economic outlook report for April 2024, the Fund The International Monetary Fund (IMF) raised this year's growth forecast for the US to 2.7% and the EU to 0.8%.
(seafood.vasep.com.vn) In 2023, total pangasius imports into the European Union saw a significant decline compared to the previous year. Approximately 70,000 tons were imported, 3,000 tons less than in 2022, according to a report from FAO-Globefish.
(seafood.vasep.com.vn) On December 11, Vinh Hoan Joint Stock Company (Vinh Hoan Corp) was once again honored in the "Top 50 Most Effective Businesses in Vietnam" ranking, compiled annually by the Investment Bridge Magazine. This marks the 11th consecutive year Vinh Hoan has been recognized in this prestigious list.
(seafood.vasep.com.vn) The purchase price of raw pangasius in the first 11 months of 2024 remained at 26,000-27,000 VND/kg. However, farmers faced challenges in earning profits due to rising costs of fish feed, fuel, and labor during the year.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX) recently announced its production and business results for November 2024, showing a 5% year-over-year increase in revenue but a 21% decline compared to the previous month.
(seafood.vasep.com.vn) Soc Trang province underscores the critical role of the fisheries sector in driving its socio-economic development. Located along Vietnam's coastline, the province features 72 km of shoreline, three major estuaries—Dinh An, Tran De, and My Thanh—and a dense river network encompassing diverse ecosystems, including saltwater, brackish, and freshwater. These natural resources provide ideal conditions for the growth of aquaculture, making the fisheries sector a cornerstone of Soc Trang’s economic strategy.
(seafood.vasep.com.vn) In 2024, the pangasius industry in Dong Thap is projected to achieve a production value of VND 8.802 billion, marking a 2.86% increase compared to 2023 and accounting for over 17% of the province's total agricultural, forestry, and fishery production value.
(seafood.vasep.com.vn) Vietnam's tuna exports to Japan have seen robust growth over the past two months. Data from Vietnam Customs shows that in October 2024 alone, tuna exports to Japan surged by 31% year-on-year, reaching nearly USD 3.5 million. This growth has offset the decline experienced in the first half of the year, raising the total export value for the first ten months of 2024 to nearly USD 28 million, a 5% increase compared to the same period last year.
A business forum was held by the Dutch Embassy in Vietnam in collaboration with the Ministry of Agriculture and Rural Development (MARD) in the Mekong Delta city of Can Tho on November 27, seeking ways for sustainable aquaculture in the region.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
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