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.
(vasep.com.vn) On November 11, 2026, in Can Tho, the Vietnam Association of Seafood Exporters and Producers (VASEP) will organize the Vietnam Seafood Summit 2026 (VSS 2026) under the theme “Seafood Market Outlook 2027–2029: Opportunities and Headroom for Double-Digit Export Growth.”
(seafood.vasep.com.vn) Business leader Do Ngoc Tai, General Director of Tai Kim Anh Seafood Processing Joint Stock Company, was honored by the Vietnam Chamber of Commerce and Industry (VCCI) with the title “Outstanding Vietnamese Entrepreneur – Thanh Giong Cup 2026” at a ceremony celebrating Vietnam Entrepreneurs’ Day (October 13). The event took place on the evening of October 11, 2026, at the National Convention Center in Hanoi.
(vasep.com.vn) The global tilapia market is becoming increasingly segmented, not only among producing countries but also by product type and destination market. Supply is divided into groups with distinct competitive advantages: large volumes of whole fish and frozen fillets from Asia, high-value fresh fillets from Latin America, and substantial domestic consumption in several major producing countries.
(vasep.com.vn) Vietnam’s tuna exports to the UK grew in the first eight months of 2026, despite signs of slowing import demand in the market. However, sharp fluctuations in orders, competition from major suppliers, and new traceability requirements are creating challenges for Vietnamese exporters.
(seafood.vasep.com.vn) Vietnam is stepping up efforts to combat illegal fishing, protect marine ecosystems, expand digital monitoring, and develop science-based management to ensure the sea can support communities and the economy for generations to come.
(seafood.vasep.com.vn) The EU remains a critical market for Vietnamese shrimp; however, purchasing demand and import patterns are undergoing notable changes. According to Vietnam Customs data, as of September 15, 2026, Vietnam’s shrimp exports to the EU reached nearly $374 million, down 5% year-over-year and accounting for 10.7% of the country’s total shrimp export value. Meanwhile, the EU’s stotal shrimp imports through July 2026 contracted by 7% in volume, exhibiting divergent trends across Southern Europe, Northwestern Europe and Eastern Europe. These dynamics necessitate that Vietnamese enterprises closely monitor individualized market demand, rather than approaching the EU as a monolithic consumer block.
(seafood.vasep.com.vn) In the first eight months of 2026, Vietnam’s exports of surimi and fish cakes remained relatively stable year-over-year compared to 2025. Following a contraction in the initial months, export performance demonstrated improvement from June onward, peaking in August. However, the recovery has been uneven, characterized by divergent trends across major markets: robust growth was recorded in China, Japan, Malaysia, the United States, and Taiwan, whereas export volumes to South Korea, Indonesia, and select European markets contracted.
(seafood.vasep.com.vn) Pangasius remains one of Dong Thap’s key aquaculture species, with the province focusing on developing an integrated value chain covering seed production, commercial farming, deep processing and by-product utilization. The province is promoting high-tech, circular pangasius farming models featuring reduced water exchange and enhanced biosecurity, aiming to improve production efficiency and strengthen control over raw material quality.
(vasep.com.vn) Vietnam’s seafood exports in September 2026 are estimated at US$1.135 billion, up 11.9% year-on-year, bringing total exports in the first nine months of the year to US$9.103 billion, up 11.4%. Behind this double-digit growth, however, increasingly divergent market trends are emerging: China–Hong Kong and ASEAN posted strong growth, while the U.S., EU and Japan all recorded declines in September.
(vasep.com.vn) In the first eight months of 2026, Brazil became the largest market for Vietnamese tilapia, with export value reaching US$44 million, up 22,142% year-on-year and accounting for 49% of Vietnam’s total tilapia exports. In August alone, exports to Brazil reached US$4 million. However, behind this remarkable growth is a market that is imposing increasingly stringent requirements on imported supplies.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
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