The total export value of pangasius reached US$ 1.21 billion, down more than 26% over the same period in 2019 by the end of October 2020. In the top 10 largest pangasius export markets of Vietnam, the UK has still been a bright spot with a consecutive positive growth from the beginning of the year.
China-Hongkong
In the first 10 months of this year, the total export value of pangasius to this market reached US$ 428.3 million, accounting for 35.3% of the total pangasius export and down 18% over the same period in 2019. Although the export value has decreased since the Covid-19 pandemic, since October 2020, the import demand of the market has been active again, importers actively import goods even during National Day holidays. This move was also a reason for the pangasius raw material price in the Mekong Delta and the average export price to increase. In October 2020, the number of pangasius enterprises exports to China rose, the export value to this market reached US$ 80 million, accounting for 47% of the total pangasius export. However, so far, the inventory of white fish and tilapia products of Chinese seafood enterprises has been still high since export activities also were affected. Consequently, the Government of this country may issue a number of policies to reduce seafood imports in the coming time.
The US
In October 2020, pangasius export value to this market sank slightly by 4.8% compared to the same period in 2019, reaching US$ 23.3 million. By the end of October 2020, the total export value of pangasius to this market reached US$ 196.7 million, down 15.5% over the same period in 2019. In 2020, the US economy and politics were much more volatile, so the seafood suppliers for this market did not expect much of the sudden growth in the last months of the year. It is anticipated that, in 2020, the value of pangasius exports to the US market might decrease by over 15% compared to 2019.
ASEAN
Although not heavily affected by the Covid-19 pandemic like the US or some European countries, ASEAN's demand for whitefish imports from February until now has been slow. In many countries, pangasius imports are lower than in the same period in 2019. By the end of October 2020, the total export value of pangasius to ASEAN reached US$ 113.3 million, down nearly 31% over the same period in 2019. In which, exports to Thailand dived by 25.6%; Singapore down by 4.9% and Malaysia diminished by 28%.
The UK
The UK is the highlight of the picture of pangasius export in 2020. By the end of October 2020, there were 10 consecutive months of positive export value growth in this market. The UK was the only market among the top 10 major markets that have not declined due to Covid-19. In October 2020, the export value of pangasius to the UK reached US$ 5.36 million, up 58% over the same period in 2019. By the end of October, the total export value reached nearly US$ 57 million, up 29.3% over the same period in 2019. This year, the number of Vietnamese pangasius enterprises exported to the UK market was higher than that of EU countries.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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