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 have shown encouraging signs of recovery in 2026. In the first four months of the year, total export turnover reached USD 720 million, up 17% compared to the same period last year. This result reflects improving demand across many markets, as well as the efforts of Vietnamese pangasius enterprises to maintain production, secure orders, and adapt to changing market conditions.
(seafood.vasep.com.vn) In the first four months of 2026, Vietnam’s tilapia exports reached USD 49 million, up 151% compared to the same period in 2025. This impressive growth reflects positive momentum in the tilapia sector, with Brazil emerging as a key driver of growth, while frozen tilapia fillets continued to be the industry's leading export product.
(seafood.vasep.com.vn) Vietnam’s tuna exports to the UK have shown positive signs in the first months of 2026. While the UK’s overall tuna imports from the world declined, imports from Vietnam increased strongly, indicating that there is still room for Vietnam to expand its market share. However, behind this growth, competitive pressure remains intense, especially as the UK continues to be a major market for established suppliers such as Ecuador, Mauritius, and Ghana.
(seafood.vasep.com.vn) Biofloc technology is being piloted in several rice–shrimp farming models in Ca Mau Province, showing initial positive results in controlling pond environments, improving shrimp seed quality, and supporting sustainable aquaculture development.
(seafood.vasep.com.vn) In the first four months of 2026, Mexico, Brazil, and Colombia together contributed USD 108 million to Vietnam’s pangasius exports, accounting for around 15% of the industry’s total export turnover. Amid tightening global whitefish supply and slowing demand in several traditional markets, Latin America is increasingly becoming an important expansion destination for the sector.
(seafood.vasep.com.vn) Alongside the development of high-tech shrimp farming, Ha Tinh Province is accelerating the cultivation of high-value freshwater aquatic species, with red tilapia emerging as an effective and sustainable farming model.
(vasep.com.vn) Vietnam’s tuna exports reached USD 81 million in April 2026, down 6% compared to the same period in 2025. In the first four months of the year, export turnover totaled USD 289 million, down 4.8%. Although the overall export picture has yet to brighten significantly, market trends are becoming increasingly diversified rather than moving in a single direction.
(seafood.vasep.com.vn) Vietnam’s pangasius industry is undergoing strong restructuring starting from the broodstock and fingerling segment in order to improve productivity, quality, and export competitiveness. This is considered a critical foundation for the sustainable development of the industry amid rising production costs and increasingly stringent market requirements.
(seafood.vasep.com.vn) According to Vietnam Customs data, pangasius exports in April 2026 reached USD 206 million, up 18% compared to the same period in 2025 — marking another consecutive month of double-digit growth since the beginning of the year. Cumulative pangasius export turnover in the first four months of 2026 reached USD 720 million, up 17% year-on-year, reflecting the positive growth momentum of this key export product.
(seafood.vasep.com.vn) Vietnam’s shrimp exports in the first four months of 2026 maintained positive growth momentum, reaching approximately USD 1.5 billion, up 15% compared to the same period last year. However, behind this result lies diverging trends across markets, as the global shrimp industry continues to face pressure from inflation, high inventories, price competition, and increasing trade risks.
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