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.
(vasep.com.vn) In the first three months of 2026, Vietnam’s exports of crabs and other crustaceans reached more than USD 93 million, up 23% compared to the same period last year. The result shows that the sector is experiencing a fairly positive recovery, especially in its two key product groups: crabs and swimming crabs. However, behind the growth figures are several concerns: export markets remain highly concentrated, raw material supply is unstable, and trade barriers from the US and EU are becoming increasingly stringent.
(seafood.vasep.com.vn) In Ca Mau province, many farmers are transitioning from traditional methods to high-tech shrimp farming, adopting recirculating systems with minimal water exchange to improve efficiency and reduce risks. In Hung My commune alone, there are about 260 super-intensive shrimp farming households covering more than 265 hectares, playing a key role in local economic development.
(seafood.vasep.com.vn) In the first three months of 2026, Vietnam’s exports of fish cake and surimi reached USD 63 million, down 5% compared to the same period last year. Although total export value declined slightly due to decreases in some key markets, many other destinations continued to post strong growth, opening up room for this convenience-oriented processed segment in the coming quarters.
(seafood.vasep.com.vn) Favorable weather conditions in the early months of 2026 have brought encouraging signs for fisheries activities in Quang Tri. Output has grown steadily, contributing to improved livelihoods for local residents.
Entering 2026, Vietnam’s seafood industry is facing a period of both high expectations and mounting pressures. Following the positive recovery in 2025, production and export activities in Q1/2026 demonstrated the strong adaptability of Vietnam’s seafood business community amid continued global trade volatility, intensifying international competition, and increasingly stringent compliance requirements in import markets.
(vasep.com.vn) In the first quarter of 2026, Vietnam’s shrimp exports reached USD 1.069 billion, up 17.5% compared to the same period in 2025. This is a positive result amid an uneven global shrimp market recovery, intensifying competition among major suppliers, and continued volatility in the international trade environment. However, this growth does not reflect a broad-based recovery across the entire sector, but rather is driven mainly by strong performance in a few markets and specific product segments—most notably lobster exports to China.
(seafood.vasep.com.vn) Vietnam’s tuna exports continued to decline in March 2026. Cumulatively, in the first three months of the year, export value reached USD 208 million, down 4% compared to the same period in 2025. The export landscape shows clear divergence across markets: while the U.S. and EU remain challenging, markets such as Russia, the Middle East, Egypt, the Philippines, and Mexico have emerged as growth bright spots.
(seafood.vasep.com.vn) In Quang Ngai Province, shrimp farming costs are rising sharply due to लगातार increases in feed, fuel, and input material prices, while farm-gate shrimp prices are declining. This has significantly reduced farmers’ profit margins and increased production risks.
(seafood.vasep.com.vn) Vietnam’s tilapia exports are experiencing impressive growth, reflecting expanding global demand as well as the sector’s development potential. However, behind the strong growth figures lie limitations in production capacity and supply chains, highlighting the need for sustainable development in the coming period.
(seafood.vasep.com.vn) Vietnam’s pangasius exports to the Middle East in 2025 and early 2026 have shown notable growth. However, escalating geopolitical tensions in the region have increasingly impacted export activities since March. This situation presents a challenge of balancing market expansion opportunities with rising trade risks.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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