Cumulative exports of Vietnamese pangasius in the first 10 months of this year reached more than 1.5 billion USD, down 29% compared to the same period in 2022. In October 2023, pangasius exports recorded positive growth to markets such as China & HK, Mexico, Canada, the EU, Germany, etc., in which some South American and Asian markets are considered potential, such as Brazil, China, and Thailand, with double-digit growth rates.
In October 2023, China and Hong Kong continued to be the leading markets for Vietnamese pangasius exports and recorded positive growth with a value equivalent to the previous month, up 15% over the same period last year. In the first 10 months of this year, pangasius exports to this market decreased by 23%, reaching more than 490 million USD.
Pangasius export turnover to the US in October 2023 reached more than 21 million USD, down from nearly 23 million USD the previous month and down 43% over the same period last year. By the end of October 2023, cumulative pangasius exports to this market decreased by more than half compared to the first 10 months of 2022 and only reached 228 million USD. The US market has shown signs of improving consumer demand; the company's product inventory level at distributors and retailers in the US has decreased to an average level; along with that, consumer confidence index usage continues to improve. These factors, along with the year-end holiday season, can stimulate businesses here to increase inventory accumulation, which will be an opportunity for seafood exports in general.
The EU has increased imports of Vietnamese pangasius since September 2023 and maintained a stable increase in October of 10% with a value of nearly 15 million USD. By the end of October 2023, the EU had imported 144 million USD of Vietnamese pangasius, down 17% over the same period last year. In particular, Germany is still the bright spot of this market block, when Vietnamese pangasius exports to here increased by 44% compared to the first 10 months of 2022. In October 2023 alone, the market increased imports of pangasius products by 2.5 times. Demand for Vietnamese pangasius in the EU gradually increased again due to preparations for the year-end festive season. The EU is expected to be a bright spot for exports in the last months of this year when it is considered to have a more stable economy than other key markets.
October 2023 is a peak month for the service industry to prepare for the major holidays of the year, when consumers increase their demand for products, including Vietnamese pangasius. Signs of recovery and slight growth in the first month of the fourth quarter of this year are expected to maintain and increase in the last 2 months of 2023. However, exporters should also seek to exploit other potential markets in South America and Asia, in addition to the US and China, and at the same time promote the export of other products besides frozen fillets to maintain the initiative.
(seafood.vasep.com.vn) By the end of 2025, Vietnam’s seafood industry had left a strong mark with export turnover reaching nearly $11.3 billion, up 12.4% year-on-year. This robust performance reflects not only a rebound in global consumption demand but also the agile adaptation of domestic firms in navigating increasingly stringent trade barriers.
(seafood.vasep.com.vn) According to the 2025 review and 2026 outlook conference held by the Directorate of Fisheries and Fisheries Surveillance on the afternoon of January 7, Vietnam’s seafood sector has set a total production target of over 10 million tons in 2026, representing a 0.6% increase year-on-year. Of this total, capture fisheries are projected at around 3.75 million tons (down 2.1%), while aquaculture output is expected to reach 6.25 million tonnes (up 2.2%) compared with 2025.
(seafood.vasep.com.vn) Sao Ta Food JSC (Fimex, Ticker: FMC) has announced its 2025 business results, reporting revenue of over $300 million (approximately 7.8 trillion VND), representing a 19.8% increase year-on-year; projected profit is expected to reach approximately 420 billion VND.
(seafood.vasep.com.vn) Vietnam’s fisheries sector concluded 2025 with landmark achievements: export turnover reached a record high, despite heightened volatility in global trade and increasingly stringent barriers from major markets, most notably the United States. Amid a mix of opportunities and challenges, the fisheries sector also witnessed important policy shifts. Together, these developments form a multifaceted picture of an industry proactively adapting and restructuring toward a trajectory of sustainable development.
(seafoos.vasep.com.vn) According to the Department of Agriculture and Environment of Vinh Long, the province’s shrimp farming area reached 69,800 hectares in 2025, including 7,500 hectares under high-tech farming models, 18,820 tons of black tiger shrimp and 293,000 tons of whiteleg shrimp.
(seafood.vasep.com.vn) Building on a robust growth momentum in 2025, Nghe An province has set a strategic goal to reach a total fisheries output of 270,000 tons by 2026, reinforcing its position as a key hub for aquaculture and exploitation.
(seafood.vasep.com.vn) Can Tho City statistics indicate that in 2025, following the merger of three former administrative entities - Can Tho, Hau Giang and Soc Trang - fisheries output in 2025 increased by 6.23% compared with 2024 with aquaculture production nearly 9.1 times higher than capture fisheries.
(seafood.vasep.com.vn) According to the Ca Mau Department of Agriculture and Rural Development, Ca Mau province has achieved significant, comprehensive and substantive progress in combating IUU fishing in 2025, successfully fulfilling all tasks directed by the central government and strengthening fisheries governance. These efforts have established a solid foundation for the nationwide effort to lift the EC’s "yellow card" warning.
(seafood.vasep.com.vn) Ca Mau has exceeded its 2025 production targets, reaching nearly 595,000 tons of shrimp. This milestone reinforces the province’s position as Vietnam’s leading shrimp producer and a bright spot in the country’s seafood sector.
(seafood.vasep.com.vn) According to Vietnam Customs data, cumulative shrimp exports from the beginning of the year through November reached $4.3 billion, up 21% year-on-year, continuing to serve as the primary growth driver of the entire seafood sector. In November alone, export turnover amounted to $393 million, up 14%.
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