There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.
Vietnam's pangasius exports to Brazil saw a significant increase of 42% in the first two months of 2024 compared to the same period in 2023, reaching a total value of 20 million USD. The strong growth in January 2024 was the main driver behind this positive performance. However, there was a slight decrease in pangasius exports to Brazil in February 2024 due to the Lunar New Year holidays in both countries.
In February 2024, Brazil ranked fifth in the list of Vietnam's largest pangasius export markets, behind China & Hong Kong, the US, CPTPP, and the EU. Brazil is a major importer of frozen pangasius fillets from Vietnam. The growing middle class in Brazil presents a significant opportunity for Vietnamese businesses to export value-added pangasius products. The upcoming 30th anniversary of diplomatic relations between Vietnam and Brazil is expected to further boost cooperation in agricultural trade, including pangasius exports.
Hung Ca 2 Development Company continues to be the leading exporter of pangasius from Vietnam to Brazil in February 2024, accounting for 34% of the total export value to this market. Following Hung Ca 2, the top 5 exporters of pangasius to Brazil are GODACO_SEAFOOD with 9%, Fresh and Frozen Food Vietnam with 12%, HOANG LONG SEAFOOD with 14%, and NAVICO with 11%.
The International Trade Centre (ITC) reports that in 2023, export volume increased, indicating that the demand for pangasius consumption in Brazil is still high, even though the price of Vietnamese white meat fish exports —mostly pangasius— to this nation decreased. Over 41 million USD worth of white meat fish were imported by Brazil in January 2024 from around the globe, with 17 million USD coming from Vietnam (mostly tra fish). Brazil's main source of white fish imports is still Vietnam.
In February 2024, the FOB price of pangasius exports to Brazil was 2.67 USD/kg, which was 12% less than in the same month the previous year. Since 2022, this price level has been the lowest in the previous three years. On the other hand, a 23% increase in pangasius exports to this market has demonstrated the opposite trend.
Brazil is presently enforcing rules for contaminants and additives, as well as testing additive criteria for Vietnamese pangasius that are inconsistent with market expectations and international standards.
Recently, officials from Brazil's Ministry of Agriculture, Livestock and Food Supply (MAPA) and Vietnam's Ministry of Agriculture and Rural Development( MARD) convened for a working session. Along with changes to administrative procedures related to product labeling registration and faster recognition and processing of Vietnam's agricultural export enterprises list to Brazil, (MARD) proposed that Brazil review these regulations.
(seafood.vasep.com.vn) The year 2025 marked a pivotal milestone for Vietnam’s seafood industry in its restructuring process toward sustainability, transparency, and higher value creation, amid continued uncertainties in the global economic and trade environment. Prolonged inflation in major economies, the rising trend of trade protectionism, and increasingly stringent requirements related to environmental standards, traceability, and social responsibility have posed significant challenges to seafood production and exports. Nevertheless, overcoming these pressures, Vietnam’s seafood sector has gradually demonstrated its adaptability, maintained growth momentum, and laid an important foundation for the next stage of development.
(seafood.vasep.com.vn) Amid the increasingly evident impacts of drought and saltwater intrusion, the shrimp-rice production model in Ca Mau province continues to prove itself as a viable direction, contributing to higher farmer incomes, improved soil conditions and the promotion of ecological and sustainable agricultural development.
(seafood.vasep.com.vn) The management of fishing vessels, monitoring of fishing activities, and handling of violations in the fisheries sector in Lam Dong province have continued to be implemented in a synchronized and stringent manner, contributing to raising awareness of legal compliance among fishermen and aiming to end illegal, unreported and unregulated (IUU) fishing.
(seafood.vasep.com.vn) Can Tho’s fishery industry sustained steady growth in 2025 with total aquatic and marine output reaching nearly 783,000 tons, fulfilling 100% of the annual target. Aquaculture, capture fisheries and fishing fleet management were further strengthened, aiming for sustainable development in the coming years.
(seafood.vasep.com.vn) In 2025, Vietnam’s pangasius export turnover reached nearly USD 2.2 billion, up 8% year-on-year. This result indicates that pangasius exports maintained their growth momentum despite significant volatility in the global market environment. In December 2025, pangasius export value reached USD 200 million, up 10% compared to December 2024. This solid performance in the final month of the year reflects increased import demand for consumption and inventory replenishment in key markets.
(seafood.vasep.com.vn) In 2025, Vietnam’s tuna exports to Spain experienced significant fluctuations. According to Vietnam Customs, during the first 11 months of 2025, export turnover for the first 11 months of the year edged up by 0.3% year-on-year, reaching nearly $15 million.
(seafood.vasep.com.vn) Deputy Prime Minister Bui Thanh Son has signed Decision No. 16/QD-TTg, dated January 5, 2026, approving the implementation plan for the Vietnam-Israel Free Trade Agreement (VIFTA). Under the plan, in the coming period, ministries, ministerial-level agencies, government-affiliated entities and People’s Committees of provinces and centrally-run cities must institutionalize and execute tasks focused on the dissemination of information regarding VIFTA and the Israeli market; legislative and institutional development, as well as enhancing competitiveness and human resource growth...
(seafood.vasep.com.vn) Beyond achieving double-digit growth, Vietnam’s fish cake and surimi exports are showing a notable year-end "inflection point": the EU his accelerating with nearly twofold growth, China & Hong Kong are rising sharply, while the largest market, South Korea, signaled a slowdown in November. According to Vietnam Customs data, export turnover of fish cake and surimi reached $327 million in the first 11 months of 2025, up 22% year-on-year; November 2025 alone accounted for $35 million, marking a 5% increase. This serves as a critical foundation for exporters to reassess market structures and competitive intensity while finalizing order strategies for 2026.
(seafood.vasep.com.vn) Ca Mau, widely regarded as the nation’s “shrimp capital”, continued its strong performance in 2025 as shrimp output reached nearly 600,000 tons, maintaining its position as Vietnam’s leading shrimp-producing locality.
(seafood.vasep.com.vn) On December 29, 2025, at the 2025 Pangasius Industry Review Conference held in Can Tho City, the Vietnam Pangasius Association announced that fingerling prices have surged to record levels due to acute supply shortages.
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