According to Ms. Lan, opportunities for the pangasius industry include positive anti-dumping outcomes, reduced inventory levels in key markets, and a more balanced supply of raw fish compared to 2023. Additional prospects come from the U.S. economic recovery, potential market share increases in smaller markets, and a significant untapped global potential for pangasius products.
Ms. Pham Thi Thu Hong, Secretary General of the Vietnam Pangasius Association, stated that over 100 pangasius processing companies are operating nationwide, primarily located in An Giang, Dong Thap, Can Tho, Hau Giang, and Vinh Long. Annual pangasius production exceeds 1.6 million tons. Equipped with modern machinery, these companies meet the stringent standards of demanding markets such as Europe and North America.
Raw pangasius consumption remains relatively stable, with the selling price of commercial pangasius (0.7–0.8 kg per fish) ranging from VND26,400 to VND 27,600 per kilogram. At the same time, reduced production costs, due to lower feed prices, have allowed farmers to achieve profitable margins.
In Dong Thap, 27 pangasius processing companies operate with a designed capacity of around 700,000 tons per year. A standout is the multinational IDI Company of Sao Mai Group. Several pangasius processors in Dong Thap province have weathered challenges, such as the COVID-19 pandemic and the global economic crisis, and continued to invest heavily in exports. These achievements highlight the resilience of the pangasius industry in the Mekong Delta.
Mr. Truong Vinh Thanh, Deputy General Director of Sao Mai Group, noted that IDI currently operates two pangasius processing plants for export and plans to establish a third plant focused on exporting to the U.S. Additionally, IDI is involved in refining fish oil and producing edible oil derived from fish fat.
Despite these favorable conditions, the pangasius industry faces significant challenges. Rising fuel and input material costs have increased production expenses, affecting farmers profitability. Many raw fish farmers struggle to secure bank loans due to the lack of collateral, as most lease their ponds. Furthermore, slow consumption has extended farming periods, increasing production costs and reducing the profitability of commercial and breeding fish farmers.
In the first nine months of 2024, the pangasius industry faced various obstacles. However, thanks to the leadership of enterprises, the hard work and creativity of farmers, robust support from science and technology, and the collaboration of government authorities, the industry has returned to growth, maintaining its momentum.
Ms. Pham Thi Thu Hong highlighted the limited focus on deep processing and by-product utilization among processing companies. This not only increases waste and environmental pollution but also drives up production costs. Furthermore, farming areas are fragmented, small-scale, and lack synchronized infrastructure, making environmental protection efforts more difficult.
Ignoring environmental concerns in pursuit of profit could lead to severe water and environmental pollution. Thus, it is crucial for localities to develop synchronized farming zones with integrated environmental protection measures. Expanding sustainable pangasius farming models and utilizing recovered sludge could yield significant economic benefits.
Most pangasius processing and exporting companies adhere to international quality management and food safety standards, such as HACCP, BRC, Global GAP, IFS, ASC, and BAP certifications, to meet the demands of various markets. Ensuring compliance with these standards is vital for exporting to over 150 countries.
Ms. To Thi Tuong Lan outlined the 2025 goal of achieving a production output of approximately 1.65 million tons and an export turnover of USD2 billion. Key solutions include advancing breeding programs to improve the quality of pangasius adapted to climate change. The association also emphasizes researching alternatives to fishmeal and fish oil in feed production, such as plant-based ingredients, insects, microalgae, microbial protein, and seaweed. Additionally, continuous improvement in breeding, raw fish production, and processing is essential to enhance product quality and meet international standards.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
(seafood.vasep.com.vn) Shrimp exports for the first 11 months of 2024 brought in nearly 3.6 billion USD, up 22% compared to the same period last year. Exports to major consumption markets all recorded double-digit growth.
(seafood.vasep.com.vn) In 2023, total pangasius imports into the European Union saw a significant decline compared to the previous year. Approximately 70,000 tons were imported, 3,000 tons less than in 2022, according to a report from FAO-Globefish.
(seafood.vasep.com.vn) On December 11, Vinh Hoan Joint Stock Company (Vinh Hoan Corp) was once again honored in the "Top 50 Most Effective Businesses in Vietnam" ranking, compiled annually by the Investment Bridge Magazine. This marks the 11th consecutive year Vinh Hoan has been recognized in this prestigious list.
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
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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