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) On June 16, the Department of Agriculture and Environment of Ca Mau Province announced that the locality has established a farming area code for nearly 30,400 hectares of mud crab aquaculture and granted export facility codes to five enterprises eligible to export mud crab officially to markets such as China, Cambodia, Singapore, and the United Arab Emirates (UAE).
(seafood.vasep.com.vn) The United States remains one of the largest export markets for Vietnamese pangasius. In the first four months of 2026, pangasius exports to the US reached USD 106 million, up 4% compared to the same period in 2025. In April 2026 alone, export value totaled USD 38 million, marking a 20% year-on-year increase and the first positive growth recorded after an extended period of decline.
(seafood.vasep.com.vn) While Vietnam’s shrimp exports to many major markets continued to post positive growth in the first months of 2026, exports to the United States declined, highlighting growing competitive pressures and trade barriers facing the Vietnamese shrimp industry.
(seafood.vasep.com.vn) Egypt is emerging as one of the most promising destinations for Vietnamese tuna exports in 2026. During the first four months of the year, export turnover to this market exceeded USD 7.3 million, marking a sharp increase compared to the same period over the previous two years. As Egypt’s tuna imports continue to recover and demand for canned tuna remains strong, the market is becoming increasingly attractive for Vietnamese tuna processors and exporters.
(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s pangasius exports to CPTPP member countries reached nearly USD 128 million, accounting for 18% of the country’s total pangasius export value and increasing by 21% compared to the same period in 2025. Demand patterns varied significantly across the bloc: Mexico primarily imported fresh and frozen pangasius products, while Japan and Canada recorded substantial shares of processed products. Australia remained focused on frozen fillets but continued to maintain a portion of processed imports.
(seafood.vasep.com.vn) Despite the slow recovery of the U.S. market and continued trade-related challenges facing Vietnam’s shrimp industry, Minh Phu Seafood Corporation (MPC) has set ambitious targets for 2026. The company aims to produce 68,800 metric tons of finished shrimp products, generate consolidated revenue of VND 19.9 trillion, and achieve VND 1.059 trillion in pre-tax profit. If achieved, these figures would represent the highest revenue and profit levels in the company’s history.
(seafood.vasep.com.vn) HungHau Foods Joint Stock Company (HungHau Foods) has been honored at the 33rd Asia-Pacific Economic Forum, receiving two prestigious awards: “Top 10 Outstanding Asia-Pacific Enterprises 2026” and “Top 10 Outstanding Entrepreneurs” awarded to HungHau Foods CEO, Ms. Nguyen Yen.
(seafood.vasep.com.vn) After a period of sluggish imports in 2025, the Chinese market has returned with strong shrimp purchasing momentum in the first months of 2026. However, alongside rising demand comes an increasingly stringent import control system, covering quarantine requirements, food safety standards, registration procedures, and traceability. This makes China a market that offers both significant opportunities and growing risks for Vietnamese shrimp exporters.
(seafood.vasep.com.vn) Recently, in Long Xuyen City, An Giang Province, the Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD) and the University of Economics Ho Chi Minh City (UEH) organized a workshop to announce the results of the project “Food Loss Assessment in the Pangasius Value Chain in the Mekong River Region.” The project aims to provide scientific evidence to support the sustainable development of Vietnam’s pangasius industry.
(seafood.vasep.com.vn) Shrimp prices in Vietnam’s Mekong Delta have recovered since early May, helping to improve farmers’ confidence and accelerate stocking activities for the 2026 farming season. However, farmers remain cautious due to rising input costs, unfavorable weather conditions, and disease risks.
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