Cumulative pangasius exports to China and Hong Kong in the first 2 months of this year reached 75 million USD, down 4% compared to the same period in 2023. Previously, in the first month of this year, China and Hong Kong increased four times pangasius imports from Vietnam. The market accounted for 29% of the total pangasius exports to markets.
In February 2024, the top 5 pangasius exporters to China include TG FISHERY HOLDINGS CORPORATION, NAVICO, DAI THANH COMPANY LTD, VINH HOAN CORP, and IDI CORP. Among them, TG FISHERY HOLDINGS CORPORATION was the largest pangasius exporter to this market.
China increased pangasius imports since the end of 2023 after continuously decreasing since the beginning of the year. Pangasius imports into the Chinese market depend heavily on the country's economic situation. When the economic situation stabilizes and improves, Chinese importers will increase imports, and one of the priority choices in the Vietnamese market is pangasius. According to experts, this year's Chinese economy started to improve after the Lunar New Year holiday, with the employment rate increasing. Raw pangasius prices are also recorded to have bottomed out, increasing from 25–26,000 VND/kg in 2023 to 28–29,000 VND/kg in early 2024.
February 2024 also coincided with the Lunar New Year holiday, especially after January, when many markets, including China, increased imports to stock up for this holiday, leading to slowed production activities and consumption of Vietnamese pangasius. With optimistic signals from the Chinese economy, Vietnamese pangasius export enterprises are expected to continue to achieve positive results in this market.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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