Increase in exports
Vinh Hoan Corp, the leading pangasius processing and exporting company in Vietnam, has just released its June business report with total revenue in the month increasing by 15% over the same period, reaching VND 713 billion. The main contributor to the increase was pangasius products with a growth rate of 16% over the same period last year, reaching VND 478 billion.
Regarding the consumption markets, exports to the US improved significantly thanks to the demand for restaurants and food service industries. Meanwhile, exports to Europe and China decreased by 25% and 12%, respectively.
In addition, according to the announcement of the US Department of Commerce on June 28 about the final results of the 16th review of Vietnamese pangasius shipments imported to the US from August 1, 2018 to July 31, 2019, Vinh Hoan and Nam Viet Corp were 2 exporters that were not subject to tax arrears for the amount of goods exported to the US during the review period. This is also an opportunity for these two companies to promote pangasius exports to the US market in the near future, taking advantage of the existing customer file.
Not only Vinh Hoan, a number of other seafood exporters also recorded positive export growth figures. For example, Saigon Aquatic Products Trading Joint Stock Company said that its export of pangasius and catfish products in the first five months of the year increased by 10% over the same period last year.
According to data from the Vietnam Association of Seafood Exporters and Producers (VASEP), pangasius exports in the first half of 2021 reached $788 million, up by 18 percent over the same period last year.
To Tuong Lan, Deputy Secretary General of VASEP, said that besides the stability of the US market, the good growth of the Chinese market from the end of February to the beginning of June, along with the recovery of other markets in the world. The CPTPP market has helped the pangasius industry grow, in which the recovery from the Chinese market plays the most important role.
But the cost is great
In fact, despite positive growth in the first half of 2021, pangasius exporters are facing challenges from rising raw material prices and logistics costs, affecting profits.
According to Ms. Lan, pangasius businesses are struggling with a series of costs and escalating prices. For example, the price of input materials has increased by 4 to 5 times since the middle of last year, essential products for production have increased from 5% to 25%, especially equipment for processing such as gloves, food safety and hygiene equipment to prevent epidemics increased very high. In addition, aqua feed increased by 15-20%, freight rates increased by 5-10 times, packaging also increased... These factors are huge challenges for the seafood industry in general and particularly pangasius to maintain the supply chain.
Meanwhile, export prices did not increase because the impact of the epidemic could not increase prices for consumers. In the end, the supplier's profits were lessened. They are forced to operate to maintain operations and retain customers, waiting for the market opportunity to fully recover.
A representative of VASEP said that whether the picture of pangasius exports in the coming time will be bright or not mainly depends on the US and Chinese markets, because from a negative growth rate of 30% in the first quarter of 2021, the EU could not get up in the second quarter.
The US is increasing imports of pangasius from Vietnam and this trend will continue in the coming months. Large pangasius exporters to the US are stable and have no problems with the markets, so they will continue to promote exports to this market.
(seafood.vasep.com.vn) Vietnam's pangasius exports reached USD 205 million in June 2026, up 5% compared with the same month in 2025. Cumulative export value for the first six months of the year totaled USD 1.1 billion, an increase of 12% year-on-year. Growth was primarily driven by strong demand from China and CPTPP markets, while exports to the United States and Brazil continued to decline.
(seafood.vasep.com.vn) In the first six months of 2026, Ha Tinh province continued to implement comprehensive solutions to combat IUU fishing; strictly manage the fishing fleet, control fishing vessels entering and leaving ports, operate vessel tracking devices, trace the origin of seafood, and severely punish violations.
(seafood.vasep.com.vn) Vietnam's tilapia exports reached USD 7 million in June 2026, down 32% compared with the same month in 2025. Nevertheless, thanks to strong growth in the first five months of the year, cumulative tilapia exports in the first half of 2026 totaled USD 69 million, up 67% year on year.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company, a member of the Vietnam Association of Seafood Exporters and Producers (VASEP), has been honored with the "Famous Brand - Competitive Vietnamese Brand 2026" certification at an award ceremony organized by the Vietnam Intellectual Property Association (VIPA).
(seafood.vasep.com.vn) China imported nearly $1.4 billion worth of Vietnamese seafood in the first half of the year, a 40% increase compared to the same period last year, surpassing the US to become the largest export market for the industry.
(seafood.vasep.com.vn) As part of Vietfish 2026, the International Seafood Hosted Buyer Program has been designed as a dedicated B2B matchmaking initiative for selected international buyers. The program provides opportunities to meet directly with Vietnamese seafood companies, gain market insights, and experience Vietnam's seafood supply chain firsthand.
(seafood.vasep.com.vn) A Story from Cà Mau’s Coast It’s 5 AM in Cà Mau. Minh, a third-generation fisherman, is ready to set sail. But unlike his father and grandfather, his boat no longer runs on an old diesel engine that burns fuel and clouds the sky with smoke. Instead, it’s powered by a hybrid engine that saves 40% fuel—funded by an ESG program from a major seafood exporter.
(seafood.vasep.com.vn) Vietnam's pangasius industry is shifting its focus from increasing production volume to enhancing value-added products in order to meet the increasingly stringent requirements of export markets. In An Giang Province—the country's leading hub for pangasius farming and processing—businesses and farmers are prioritizing product quality, traceability, food safety, and sustainable development rather than expanding output.
(seafood.vasep.com.vn) Following strong growth in 2025, Vietnam’s tuna exports to Sweden continued to edge higher during the first five months of 2026. However, the picture is far from straightforward. Orders have fluctuated significantly from month to month, indicating that this market remains cautious, with purchasing decisions closely tied to actual demand and the import cycles of Nordic distributors rather than to a steady upward trend.
(seafood.vasep.com.vn) China’s shrimp imports in the first five months of 2026 continued to surpass the same period in 2025, indicating that demand in the world’s largest seafood-consuming market remains strong. However, behind the growth figures lies an increasingly competitive landscape: Ecuador dominates the competitively priced whiteleg shrimp segment, India remains the second-largest supplier, while Vietnam stands out in the lobster segment but still needs to strengthen its advantages through quality, traceability, and reliable supply.
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
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
