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) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
By the end of Q3/2025, Vietnam’s seafood industry recorded a clear recovery as a series of leading companies reported strong profits — some even achieving the highest results in their history. After several quarters struggling with high costs and weakened demand, the latest business results indicate a robust comeback across the industry.
(seafood.vasep.com.vn) On November 12 in Ho Chi Minh City, the Embassy of the Netherlands, in coordination with the Ministry of Agriculture and Environment, organized the Vietnam–Netherlands Business Forum under the theme “Shaping the future of sustainable aquaculture in the Mekong Delta.”
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