China & HK were still the top consuming markets for Vietnam’s pangasius in 2023. China's increased market openness than in early 2023 causes the value of pangasius exports to this market to gradually increase again. In 2024, demand from China will recover better than in 2023. Although pangasius products are widely used and popular in restaurant systems, export prices to this market has been low levels.
The lower sales in the US market in 2023 is mainly due to the high level of inventory in this country from the massive imports at the end of 2022, which is also the main reason for the continuous negative growth of pangasius exports to the US compared to the same period throughout 2023. In 2022 the value of US pangasius imports purchased from Vietnam reached the history record due to increased consumption demand after the Covid-19 epidemic.
After reducing high-priced inventory from 2022, the market may return to be more vibrant, but the recovery level will not be high. During the recent inspection by FSIS, Vietnamese pangasius was assessed well in terms of food safety, along with low tax rates, although still in the preliminary stage of the POR 19 administrative review period, there is high hope for fish businesses to penetrate this market. In addition to recovery opportunities for seafood exports to the US, businesses face numerous challenges. In particular, the increasing number of US seafood companies seeking approval from the US Department of Commerce as plaintiffs in the pangasius anti-dumping lawsuit makes annual administrative reviews increasingly complicated.
The results achieved by the pangasius export sector in 2023 also shed light on the export and consumption trends of 2024. Pangasius exports will not focus on frozen fillets - Vietnam's strong product, but will expand and gradually increase with added-value pangasius and by-products (fish maw, pangasius patties).
Global fluctuations in the last months of 2023 also have a certain impact on the trends and strategies of processors. Seafood from Russia, including Russian seafood processed by a third party, which is banned from importation by the US, could be an opportunity for Vietnamese pangasius exporters to the US.
In 2024, it is forecast that export prices will increase again, however, recent tensions in the Red Sea have also caused many difficulties in the transportation process, particularly concerning increased shipping costs.
(seafood.vasep.com.vn) On July 9, 2026, the Embassy of Vietnam in Brazil organized the seminar titled “Sharing Information on Vietnam-Brazil Economic, Trade and Investment Relations in the First Half of 2026” to provide updates on bilateral cooperation and strengthen connections among government agencies, industry associations, and business communities of the two countries.
(seafood.vasep.com.vn) Seafood exports in the first 6 months of the year continued to be a bright spot with a total turnover of 5.7 billion USD, an increase of 11.4% compared to the same period last year. By commodity group, seafood is one of the three groups with a trade balance in the first 6 months of 2026 in a surplus state with 4.13 billion USD, an increase of 17%.
(seafood.vasep.com.vn) For many years, Vietnam’s seafood industry has been recognized as one of the country’s key export pillars. Products such as shrimp, pangasius, tuna, squid, octopus, and a wide range of other seafood have reached hundreds of markets worldwide. Yet behind these impressive export figures lies a significant challenge: a substantial share of Vietnam’s seafood export value still comes from minimally processed products, contract manufacturing, and raw material exports—segments characterized by low profit margins and high vulnerability to fluctuations in global prices.
(seafood.vasep.com.vn) In the context of a global economy shifting powerfully toward green and sustainable values, Vietfish 2026 is far more than just a commercial trade fair. It has become a strategic rendezvous and a "comprehensive ecosystem"—a convergence of value, knowledge, and sustainable growth opportunities for the entire industry chain.
(seafood.vasep.com.vn) Vietnam’s pangasius exports to Colombia continued their strong upward momentum in May 2026. Export value to the market reached USD 4 million, up 24% compared to the same month in 2025. Cumulative exports in the first five months of 2026 totaled USD 24 million, an impressive 48% increase year-on-year.
(seafood.vasep.com.vn) Hai Phong's aquaculture sector is accelerating the adoption of high technologies in aquaculture to adapt to climate change, with red tilapia and tilapia identified as the key cultured species for priority development.
(vasep.com.vn) Vietnam’s seafood exports reached nearly US$1.1 billion in June 2026, up 21.0% year-on-year. Cumulative exports in the first half of 2026 totaled nearly US$5.8 billion, representing a 12.8% increase compared with the same period last year. Exports to China and Hong Kong continued to accelerate, while shipments to the United States rebounded strongly in June. In contrast, exports to the EU, Japan, and the Middle East remained sluggish or recorded slight declines.
(vasep.com.vn) Tilapia is playing an increasingly important role in Vietnam’s aquaculture sector, driven not only by growing market opportunities but also by its ability to meet increasingly stringent requirements on quality, food safety, and traceability. In practice, tilapia farming in Vietnam is not a spontaneous or loosely regulated activity; rather, it operates under a comprehensive legal and technical framework covering the entire value chain—from hatcheries and farming to processing and exports.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 1.9 billion in the first five months of 2026, up 12% compared with the same period last year. Amid continued volatility in the global seafood market, this result demonstrates that the shrimp sector has maintained positive growth momentum, supported by improving demand in several Asian markets, particularly China.
(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).
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