In the first 10 months of this year, the export value of pangasius to the largest market in ASEAN, Thailand, still decreased by 6.42% compared to the same period last year, reaching 43.6 million USD (accounting for 46.2% of the value of the pangasius imports of the whole bloc).
Before the pandemic, Singapore and Malaysia were two emerging and attractive markets for many Vietnamese pangasius exporters when the demand for import and consumption was stable and growing strongly. However, due to the impact of the epidemic in the early stages, in 2020, these two countries were severely affected by Covid-19, making trade activities difficult. However, recently, with efforts to transition from zero Covid-19 to living with Covid, these countries are also cautiously reopening their economies in the context that the whole world is worried about the Omicron variant. Optimistic economists forecast that, from the beginning of 2022, Singapore is the country with the fastest recovery and stability in the region and a good opportunity for businesses to promote exports to this market.
By the end of October 2021, the export value of pangasius to Singapore reached 20.6 million USD, down 29.4%; Exports to Malaysia reached 15.2 million USD, down 41.7% over the same period last year. While some major pangasius importing countries in the region reduced pangasius imports, the Philippines and Indonesia are two notable markets this year. In the first 10 months of this year, pangasius export value to the Philippines increased by 33.3%, reaching 14 million USD; Pangasius exports to Indonesia are also growing rapidly.
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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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