As of October 2024, Vinh Hoan has exported pangasius to 39 countries. The United States is its largest customer, followed by China and the Netherlands.
Other leading exporters include Van Duc Tien Giang, Nam Viet, I.D.I Corp, and Dai Thanh. Specifically, Van Duc Tien Giang holds a 5.33% share of Vietnam's pangasius export value, mainly exporting to the United States, Singapore, China, and Hong Kong. Nam Viet holds a 3.31% share, while I.D.I Corp captures 4.38%.
China is the largest consumer of Vietnamese pangasius, with 119 companies exporting to this market. Among the top five exporters to China are Truong Giang Fisheries Corporation, with a 12% share; Dai Thanh Company (10%); Nam Viet Corporation (7%); Hung Ca Corporation (6%); and Cat Tuong Aquatic Processing Limited Liability Company and Vinh Hoan (5%).
The increasing number of Vietnamese companies exporting pangasius reflects rising global demand, as many countries now cultivate pangasius to meet both domestic and export needs. In recent years, Vietnam has dominated the export of frozen tra fillets, driven by high global demand for HS code 0304 products. However, as competition in the pangasius market intensifies, Vietnamese companies must diversify their product offerings, enhance research and production, and promote added-value pangasius products to maintain their leadership in global exports.
(seafood.vasep.com.vn) In the first ten months of 2024, 448 Vietnamese companies were involved in exporting pangasius to international markets. Vinh Hoan remains the top exporter, holding a 14% share of Vietnam's total pangasius export value.
(seafood.vasep.com.vn) Vietnam's seafood sector is making impressive strides as it nears the end of the year. Aquaculture has maintained steady growth, while fishing activities have recovered thanks to favorable weather conditions.
(seafood.vasep.com.vn) To ensure sustainable shrimp farming and environmental protection, Soc Trang Province emphasizes raising awareness and improving the capacity of shrimp farmers through various forms of communication and by developing and replicating effective models.
(seafood.vasep.com.vn) To achieve the goal of making the province a national hub for high-quality shrimp post-larvae production and producing 50 billion shrimp post-larvae by 2025, Ninh Thuan has focused on implementing a comprehensive set of measures.
(seafood.vasep.com.vn) The seafood processing company Kyokuyo has just opened a seafood processing plant in Vietnam to reduce its reliance on China. In Japan, Kyokuyo ranks as the third-largest seafood producer, following Maruha Nichiro and Nissui.
(seafood.vasep.com.vn) Vietnam's total fishery production in the first 10 months of 2024 is estimated at 7,889.8 thousand tons, a 2.5% increase compared to the same period last year. Aquaculture contributed approximately 4,612.5 thousand tons, while capture fisheries accounted for 3,277.3 thousand tons.
(seafood.vasep.com.vn) Ms. To Thi Tuong Lan, Deputy Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP), forecasts that pangasius export turnover could reach the target of USD2 billion in 2024. However, the industry will still face numerous challenges in the coming year.
(seafood.vasep.com.vn) Vinh Hoan Corporation has recently announced its business results for October, reporting over VND 1,200 billion in revenue, a 60% increase compared to the same period last year.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam's tuna exports in October reached nearly $93 million, marking a 22% increase compared to the same period in 2023. In the first ten months of 2024, the total export value exceeded $821 million, up 18% compared to the same period last year.
(seafood.vasep.com.vn) According to Vietnam Customs data, pangasius exports to the EU reached USD 7 million in the first half of October 2024, marking a 27% year-on-year increase. As of October 15, 2024, cumulative exports to the EU totaled over USD 134 million, reflecting a slight 0.01% decrease compared to the same period last year.
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