The price increase in this period has allowed farmers to make considerable profits. On average, fishermen earn from 3,500 to 4,000 VND per kilogram (depending on farming techniques). Currently, businesses and traders are seeking to purchase two sizes of Pangasius (fish over 1 kg and fish under 1 kg). Fish weighing over 1 kg are being traded at prices ranging from 32,000 to 33,000 VND per kilogram (depending on payment methods). Fish weighing under 1 kg have a price fluctuating around 31,500 VND per kilogram. This is the highest price in the past 3 years. The price increase has helped farmers avoid the losses they experienced in the early months of 2024.
While the strong price increase brings many opportunities, it also comes with considerable challenges. This has led to a rise in feed prices and other input costs, which can reduce farmers' profits if they don't have effective cost control measures in place. Additionally, it increases the risk associated with the market, as both price increases and decreases are influenced by many factors, such as supply and demand, export markets, production costs, product quality, weather, climate change, and competition from alternative products.
Pangasius farming and export processing is a strength of the Mekong Delta provinces. In 2024, the total area for Pangasius farming in the region is estimated to reach 5,370 hectares, with an estimated harvest of 1.67 million tons of Pangasius, equivalent to 99% of the harvest in the same period of 2023. The provinces with the highest farming output include Dong Thap, An Giang, Can Tho, Ben Tre, and Vinh Long. Specifically, An Giang has a farming area of 1,800 hectares.
Currently, with prices on the rise, farmers need to take advantage of this opportunity to optimize profits while focusing on cost management, applying advanced technical measures to improve productivity and product quality. Businesses should focus on building brands, enhancing product quality, and expanding export markets to maximize competitive advantages. Both farmers and businesses need to actively monitor market information, forecast price trends, and adjust their production and business plans accordingly.
(seafood.vasep.com.vn) According to Vietnam Customs, the country’s pangasius exports regained growth momentum in February 2025. Export value reached USD 150 million, marking a 66% increase compared to February 2024. Cumulative pangasius export revenue for the first two months of the year totaled USD 284 million, up 11% year-on-year.
Minh Phu Seafood Corp, one of the leading enterprises in shrimp processing and export, is actively promoting cooperation with shrimp farmers to develop the shrimp industry in Ca Mau.
(seafood.vasep.com.vn) In 2024, Vietnam’s tuna exports to the Middle East continued their impressive growth, rising by 28% compared to 2023. The Middle East is now emerging as one of Vietnam’s top four tuna export markets.
(seafood.vasep.com.vn) Recently, the price of Pangasius in the Mekong Delta has increased significantly, making fishermen very excited. However, looking at the overall picture of this industry, the rise in Pangasius prices is not just an opportunity, but also comes with many challenges.
(seafood.vasep.com.vn) Dishes made from fish, especially pangasius, have become common and are found in nearly all restaurants, hotels, and banquets in Pakistan.
Looking back at the period from 2022 to 2024, crab exports to China have shown significant fluctuations. In 2022, China imported over 62 million USD worth of crabs, averaging 5-9 million USD per month, indicating a stable import demand from China. However, in 2023, exports sharply dropped to 13.3 million USD, averaging only 1-2 million USD per month, due to China's tighter quarantine controls and weakening consumption demand.
In January 2025, Vietnam's shrimp exports to the UK reached over 16 million USD, an 8% increase compared to the same period last year. The UK is the sixth-largest individual market for Vietnam’s shrimp imports, accounting for 5.5% of the total shrimp exports to various markets. Shrimp also holds the largest share (70%) in Vietnam’s total seafood exports to the UK.
Nguyễn Đức Bình, vice director of Quảng Ngãi Province's Department of Agriculture and Rural Development, said that 4,259 out of 5,194 fishing boats (82 per cent) had registered for operations at sea.
(seafood.vasep.com.vn) The first two months of 2025 recorded positive signals in Vietnam's seafood export activities, with total revenue reaching USD 1.423 billion, growing 18.2% compared to the same period in 2024. In February 2025, the export value hit USD 655.197 million, showing an impressive growth of 42.6%.
(seafood.vasep.com.vn) Kiên Giang Province, home to over 13,000 fishing vessels, is intensifying efforts to combat illegal, unreported, and unregulated (IUU) fishing. Faced with challenges from offshore fishing, many vessels have shifted to near-shore fishing using destructive methods, severely damaging marine ecosystems.
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