In August 2024, Vietnam's pangasius exports reached nearly $191 million, a 12% increase compared to August 2023. Accumulated pangasius exports in the first eight months of this year reached nearly $1.3 billion, a 9% increase year-on-year. Notably, value-added pangasius products reached nearly $6 million in August 2024, a significant 75% increase, and $27 million in the first eight months of this year, up 38% compared to the same period last year.
Exports of value-added pangasius to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) bloc exceeded $8 million by the end of August 2024, a 31% increase year-on-year. June 2024 recorded the highest monthly value at over $1.3 million, up 35% compared to June 2023. Australia emerged as the largest consumer of these products within the CPTPP, accounting for 39% of total imports from Vietnam, with a value of over $3 million, representing a 21% year-on-year increase.
The United States has consistently increased its imports of Vietnam's value-added pangasius products since the beginning of 2024. August 2024 marked the highest monthly export value to the US since the start of the year, reaching nearly $3 million, a staggering 15-fold increase compared to August 2023. Prior months also witnessed record-breaking growth, with April seeing a nearly 67,000-fold increase and July a nearly 42,000-fold increase. By the end of August, exports to the US totaled nearly $6 million, a 14-fold increase year-on-year.
Thailand ranked third in terms of importing Vietnam's value-added pangasius. In August 2024, exports to Thailand reached nearly $600,000, up 17% year-on-year. However, while the overall eight-month total exceeded $4 million, a 1% increase, May 2024 saw Thailand halt its imports of these products. The UK, despite a 1% decline in the first eight months, maintained its fourth position as a consumer of Vietnam's value-added pangasius, with a total value of nearly $4 million. August 2024 recorded the highest monthly export value to the UK for the year, although it was down 21% compared to August 2023, reaching over $726,000.
Vietnam's value-added pangasius exports to the EU totaled over $2.3 million by the end of August, down 5% year-on-year. The Netherlands was the largest consumer within the bloc, accounting for 86% of the total value, with exports exceeding $2 million, a 29% increase year-on-year. China and Hong Kong, primarily importing frozen pangasius fillets, have also shown increased interest in value-added products. In August 2024, exports to China tripled year-on-year and reached the highest monthly value for the year at over $200,000. By the end of August, total exports to China reached $791,000, a 50% increase.
Popular value-added pangasius products include breaded pangasius fillets, breaded fish skin snacks, and breaded fish cutlets. The growing demand for Vietnam's value-added pangasius products highlights the success of diversification strategies among Vietnamese seafood businesses. As the global market continues to evolve, Vietnamese enterprises are well-positioned to capitalize on emerging opportunities and strengthen their position in the international seafood market.
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
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
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