The contagion effect of the war in Ukraine has been felt all over the world, from rattling the energy market to fueling Europe's growing refugee crisis. Experts warn that the conflict could have even bigger impacts, including triggering an impending food crisis. The EU is the main trading partner of agricultural, food and seafood products with Russia and Ukraine. Therefore, the European Union is facing the threat of food security now.
The war in Ukraine and sanctions on Russia have shifted Europe's economy and markets on a much larger scale than in previous crises like the Covid-19 pandemic. Inflation in Europe is hitting a record high and threatens to undermine the manufacturing resumption that began last year when economies struggled to bounce back from the Covid-19 pandemic. It is forecasted that food prices in Europe will increase to unprecedented levels, which is an opportunity for Vietnamese pangasius enterprises to return to this market after many years of stagnation.
Moreover, the fact that many EU countries and the US are "punishing" Russian pollock - which is a strong competitor to pangasius - also makes the supply of white fish in this region significantly reduced. This is a good opportunity for Vietnamese pangasius enterprises to promote frozen pangasius exports to the EU.
Until now, the Netherlands is still the largest pangasius import market of Vietnamese enterprises. In the first 4 months of this year, Vietnam exported a variety of pangasius products to this market, including value-added products such as: Frozen breaded pangasius, frozen sliced pangasius; frozen pangasius fillets (Cubes), frozen pangasius fillets; Frozen nugget cut pangasius fillet, frozen rose roll pangasius fillet, frozen fried beer flavored breaded pangasius, frozen organic pangasius fillet.
Currently, besides the Netherlands, Vietnamese pangasius enterprises are exporting frozen pangasius to Germany, Spain, Belgium, ... in a positive way.
Compiled by Tra My
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
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