After many months of decline, in September 2023, Vietnam’s pangasius exports to the EU recorded positive growth again with a value of more than 14 million USD, up 11% over the same period last year. In QIII/2023, the EU bought 50 million USD of Vietnam’s pangasius, down 17% compared to the same period last year. Accumulated in the first 9 months of 2023, pangasius exports to this market reached 129 million USD, down 19% compared to the same period in 2022.
The Netherlands is still the leading country in the EU in importing Vietnam’s pangasius with more than 10 million USD, up 9% in QIII/2023. However, the cumulative results in the first 9 months of the year still decreased by 20% compared to the same period last year, reaching 35 million USD. In QIII/2023, the Netherlands gradually recovered demand for Vietnam’s pangasius compared to previous quarters, recording positive growth for the first time since the beginning of the year in July (up 13%) and September (up 13%). 26%), in August alone there was a slight decrease of 4%.
Behind the Netherlands, Germany, Belgium, Spain, Italy, and France are also markets that import a lot of pangasius from Vietnam in the EU. Notably, pangasius exports to German increased by 32% to 28 million USD in the first 9 months of this year. In addition, some other markets in the bloc also increased their purchases of pangasius from Vietnam, including Finland (up 14 times), Latvia (up 72%), Sweden (up 25%),...
In the first 9 months of 2023, the average price of pangasius exports to the EU is 2.78 USD/kg, down 10% compared to the same period last year. The average price in QIII/2023 recorded a slight increase compared to QII/2023, but still decreased by 16% compared to the same period last year.
The EU is forecasted to achieve its goal of bringing inflation down to 2% despite difficulties from the cost of living crisis and concerns about falling global demand. This economic bloc is gradually controlling the effects of the conflict in Ukraine, but may be negatively impacted by the current Hamas-Israel conflict. Therefore, pangasius exports to the EU market in the last quarter of this year narrow the decrease compared to previous quarters but could not recover to the level of the same period last year.
In January 2025, Vietnam's shrimp exports to the UK reached over 16 million USD, an 8% increase compared to the same period last year. The UK is the sixth-largest individual market for Vietnam’s shrimp imports, accounting for 5.5% of the total shrimp exports to various markets. Shrimp also holds the largest share (70%) in Vietnam’s total seafood exports to the UK.
Nguyễn Đức Bình, vice director of Quảng Ngãi Province's Department of Agriculture and Rural Development, said that 4,259 out of 5,194 fishing boats (82 per cent) had registered for operations at sea.
(seafood.vasep.com.vn) The first two months of 2025 recorded positive signals in Vietnam's seafood export activities, with total revenue reaching USD 1.423 billion, growing 18.2% compared to the same period in 2024. In February 2025, the export value hit USD 655.197 million, showing an impressive growth of 42.6%.
(seafood.vasep.com.vn) Kiên Giang Province, home to over 13,000 fishing vessels, is intensifying efforts to combat illegal, unreported, and unregulated (IUU) fishing. Faced with challenges from offshore fishing, many vessels have shifted to near-shore fishing using destructive methods, severely damaging marine ecosystems.
(seafood.vasep.com.vn) Vinh Hoan Corporation (HOSE: VHC) continues to solidify its position as the leader in Vietnam's pangasius export industry with impressive business results in 2024 and positive prospects for 2025. Factors supporting growth, such as recovering demand, improved selling prices, and favorable international trade policies, make Vinh Hoan one of the top stocks to watch in investment portfolios for 2025.
Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.
On February 26, 2025, VinFast and the Vietnam Association of Seafood Exporters and Producers (VASEP) signed a comprehensive cooperation agreement to strongly promote green transformation goals. The collaboration between the two parties will contribute to the realization of the country’s sustainable development goals and help elevate the Vietnamese brand on the international market.
(seafood.vasep.com.vn) In 2024, the total brackish water shrimp farming area in Ca Mau reached 278,600 hectares, with a shrimp output of 242,000 tons. This output achieved 99.59% of the set target and marked a 4.57% increase compared to the same period last year. The average shrimp yield attained 869 kilograms per hectare per year, representing a 38 kilograms per hectare per year increase compared to 2023. Shrimp export turnover reached USD 1.12 billion, positioning Ca Mau amongst the nation's leading localities in this sector.
(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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