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) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.
(seafood.vasep.com.vn) The tuna export market of Vietnam in the first month of 2025 has seen notable fluctuations. Exports to most major markets have decreased compared to the same period in 2024.
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(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam’s pangasius exports in January 2025 reached over USD 133 million, marking a 19% decline compared to the same period last year. Notably, the ranking of the top pangasius import markets saw significant adjustments.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
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