In January 2024, pangasius recorded strongest export growth among seafood sectors, up 97% over the same period in 2023. In particular, pangasius exports to China alone increased four times. Pangasius sales in China soared during the recent Lunar New Year holiday, a positive sign for this market. Before Tet, the general spending of Chinese consumers increased sharply, causing many pangasius importers to stockpile goods to ensure supply.
Besides, a new move by China also helps pangasius exports, which tend to be better in both price and volume because export enterprises focus more on official transactions. From February 1, 2024, goods imported through Dong Hung Port on the Vietnamese border faced a tax rate of 2.36%, according to China's new policy. This move aims to eliminate the price advantage of black market pangasius compared to legally imported fish.
According to a Chinese industry publication, unofficial pangasius imports accounted for about 24% of total imports in 2023 and jumped to 37% in December. The Chinese seafood industry also has confidence that other ports in Guangxi province will also apply new pangasius tax rates, possibly after the Lunar New Year holiday held from February 10 to 17. These trade measures follow Chinese President Xi Jinping's recent visit to Vietnam.
Pangasius consumption in the US market is also showing positive signs because the average export price has bottomed out. In December 2023, the average price of pangasius exports to the US was about 2.42 USD. This is the lowest level seen in many years. In January 2024, the average price of pangasius exports to the US bottomed out and increased to 2.64 USD/kg.
The export price of Vietnamese pangasius to the EU also recovered and bottomed out in December 2023, reaching about 2.28 USD/kg and it continued to maintain this price until January 2024. The adjustment in price and export value of pangasius to the EU shows signs of both positive price and volume from this market.
Many pangasius businesses believe that the increase in pangasius stocks to the ceiling on the afternoon of February 26, 2024, is a positive signal in the first months of 2024. It is expected that, with optimistic numbers from export turnover, recovery, and growth in the average export price of Vietnamese pangasius to markets, this will bring positive results for the whole year 2024.
(vasep.com.vn) On November 11, 2026, in Can Tho, the Vietnam Association of Seafood Exporters and Producers (VASEP) will organize the Vietnam Seafood Summit 2026 (VSS 2026) under the theme “Seafood Market Outlook 2027–2029: Opportunities and Headroom for Double-Digit Export Growth.”
(seafood.vasep.com.vn) Business leader Do Ngoc Tai, General Director of Tai Kim Anh Seafood Processing Joint Stock Company, was honored by the Vietnam Chamber of Commerce and Industry (VCCI) with the title “Outstanding Vietnamese Entrepreneur – Thanh Giong Cup 2026” at a ceremony celebrating Vietnam Entrepreneurs’ Day (October 13). The event took place on the evening of October 11, 2026, at the National Convention Center in Hanoi.
(vasep.com.vn) The global tilapia market is becoming increasingly segmented, not only among producing countries but also by product type and destination market. Supply is divided into groups with distinct competitive advantages: large volumes of whole fish and frozen fillets from Asia, high-value fresh fillets from Latin America, and substantial domestic consumption in several major producing countries.
(vasep.com.vn) Vietnam’s tuna exports to the UK grew in the first eight months of 2026, despite signs of slowing import demand in the market. However, sharp fluctuations in orders, competition from major suppliers, and new traceability requirements are creating challenges for Vietnamese exporters.
(seafood.vasep.com.vn) Vietnam is stepping up efforts to combat illegal fishing, protect marine ecosystems, expand digital monitoring, and develop science-based management to ensure the sea can support communities and the economy for generations to come.
(seafood.vasep.com.vn) The EU remains a critical market for Vietnamese shrimp; however, purchasing demand and import patterns are undergoing notable changes. According to Vietnam Customs data, as of September 15, 2026, Vietnam’s shrimp exports to the EU reached nearly $374 million, down 5% year-over-year and accounting for 10.7% of the country’s total shrimp export value. Meanwhile, the EU’s stotal shrimp imports through July 2026 contracted by 7% in volume, exhibiting divergent trends across Southern Europe, Northwestern Europe and Eastern Europe. These dynamics necessitate that Vietnamese enterprises closely monitor individualized market demand, rather than approaching the EU as a monolithic consumer block.
(seafood.vasep.com.vn) In the first eight months of 2026, Vietnam’s exports of surimi and fish cakes remained relatively stable year-over-year compared to 2025. Following a contraction in the initial months, export performance demonstrated improvement from June onward, peaking in August. However, the recovery has been uneven, characterized by divergent trends across major markets: robust growth was recorded in China, Japan, Malaysia, the United States, and Taiwan, whereas export volumes to South Korea, Indonesia, and select European markets contracted.
(seafood.vasep.com.vn) Pangasius remains one of Dong Thap’s key aquaculture species, with the province focusing on developing an integrated value chain covering seed production, commercial farming, deep processing and by-product utilization. The province is promoting high-tech, circular pangasius farming models featuring reduced water exchange and enhanced biosecurity, aiming to improve production efficiency and strengthen control over raw material quality.
(vasep.com.vn) Vietnam’s seafood exports in September 2026 are estimated at US$1.135 billion, up 11.9% year-on-year, bringing total exports in the first nine months of the year to US$9.103 billion, up 11.4%. Behind this double-digit growth, however, increasingly divergent market trends are emerging: China–Hong Kong and ASEAN posted strong growth, while the U.S., EU and Japan all recorded declines in September.
(vasep.com.vn) In the first eight months of 2026, Brazil became the largest market for Vietnamese tilapia, with export value reaching US$44 million, up 22,142% year-on-year and accounting for 49% of Vietnam’s total tilapia exports. In August alone, exports to Brazil reached US$4 million. However, behind this remarkable growth is a market that is imposing increasingly stringent requirements on imported supplies.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
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