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
(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.
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