Regarding the development momentum in business activities, VCBS estimates that Nam Viet's total revenue in 2023 will reach 4,612 billion VND (-5.82% yoy), profit after tax will reach 619 billion VND because pangasius exports are entering the reduction. However, the demand for pangasius will increase again from the third quarter of 2023 thanks to China's reopening, which will boost export orders of fish industry enterprises.
Pangasius will be "hot" again in the third quarter of 2023
Previously, VCBS also identified ANV as one of two potential seafood stocks in 2023. According to the results of the 17th anti-dumping tax (POR17) of the US DOC, ANV enjoys a tax rate of 0%. This made the business decide to return to the US market. By the end of September 2022, ANV has exported 11 containers to the US market, doubling the initial target of 5 containers. ANV is also planning that in the next 2-3 years, export volume to the US market will grow by 5-7%.
ANV is gradually recovering its export volume to China, the company has exported 80 more containers to this market. In addition to exporting to Shanghai as usual, ANV has found some new partners in Beijing and Guangzhou. According to the plan, export volume in the Chinese market will grow by 35-45% in the coming time.
Besides, the selling price of ANV’s products in the Chinese market is also higher than other enterprises. For the European and Southeast Asian markets, orders is still stable. Import orders from ThaiLand increased sharply, businesses are putting their orders into supermarkets, so they always sell at good prices. ANV is expected to increase export volume to these markets by 10-15% in the coming time.
ANV's export revenue in markets in the first 8 months of 2022 all grew strongly from 34% to up
ANV's export revenue in markets in the first 8 months of 2022 all grew strongly from 34% to up. In particular, the Russian and Brazilian markets grew 2 and 3 times over the same period last year.
VCBS forecasts that ANV's pangasius revenue for 2023 will grow by 9% over the same period, bringing in a profit of VND 693 billion for the business.
In addition, ANV is expanding production into C&G segment (Collagen and Gelatin) after taking part in a joint venture with Amicogen to build a factory with a capacity of 800 tons/year, with a total investment of 6 million USD. As expected, the Amicogen factory, at full capacity, will bring in revenue and profit of $36 million and $1.5 million per year, respectively.
Forecast on Vietnam pangasius industry in 2023 - 2025
Compiled by Thuy Linh
(seafood.vasep.com.vn) After a relatively sluggish first quarter, Vietnam's exports of fish cakes and surimi showed a clearer recovery in the second quarter, particularly in June. Export value in the first six months of 2026 reached USD 148 million, down 2% year on year. However, the newly imposed 12.5% additional U.S. tariff on Vietnamese goods, intensifying competition in Northeast Asia, and increasingly stringent traceability requirements in the EU are making the outlook for the second half of the year more uncertain.
(seafood.vasep.com.vn) In June 2026, Vietnam's shrimp exports reached nearly USD 458 million, up 24% year-on-year. In the first six months of 2026, export value totaled USD 2.35 billion, an increase of 14.2% compared with the same period last year. Growth was driven mainly by the Chinese market and the strong performance of lobster exports, while shrimp exports continued to face pressure from U.S. tariffs and rising logistics costs.
(seafood.vasep.com.vn) As part of Vietfish 2026, the Hosted Buyer Program is designed as a specialized B2B matchmaking initiative for selected international buyers, providing opportunities to meet directly with Vietnamese seafood exporters, gain the latest market insights, and experience Vietnam's seafood supply chain firsthand.
(seafood.vasep.com.vn) A project titled "Sustainable Shrimp Industry Governance" has been launched in Ca Mau Province with the aim of supporting the transition of the province's shrimp industry toward higher quality, lower emissions, stronger governance capacity, improved supply chain traceability, and the development of a sustainable shrimp brand that meets the increasingly stringent requirements of export markets.
(seafood.vasep.com.vn) Khanh Hoa Provincial Agricultural Extension Center, in collaboration with the Northern Center for Marine Aquaculture Research and the Van Hung Public Service Center, recently organized a training course on disease-free golden pompano seed production. The program is part of a National Agricultural Extension Project aimed at developing industrial-scale seed production models to support sustainable marine aquaculture.
(seafood.vasep.com.vn) Vietnam’s pangasius exports have shown encouraging signs of recovery in 2026. In the first four months of the year, total export turnover reached USD 720 million, up 17% compared to the same period last year. This result reflects improving demand across many markets, as well as the efforts of Vietnamese pangasius enterprises to maintain production, secure orders, and adapt to changing market conditions.
(seafood.vasep.com.vn) The application of high technology in shrimp farming is delivering positive results in the coastal areas of Vinh Long Province, contributing to improved production efficiency and creating significant potential for further industry expansion. However, to fully capitalize on this potential, the province is focusing on aquaculture zoning, infrastructure investment, and promoting modern, sustainable production.
(seafood.vasep.com.vn) Đồng Tháp Province has intensified efforts to curb illegal fishing by strengthening vessel monitoring, law enforcement and seafood traceability.
(seafood.vasep.com.vn) Seafood businesses need solutions to overcome bottlenecks such as labor shortages, difficulty accessing capital, high input costs, and administrative procedures in order to maintain production, adapt to market fluctuations, and effectively exploit export opportunities.
(seafood.vasep.com.vn) The FTA would widen access to markets with strong demand for premium food products in line with the country’s strategy of shifting exports towards increasing added value.
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