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
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(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
(seafood.vasep.com.vn) On October 28, 2026, the China Fisheries & Seafood Expo opened in Qingdao, China. The expo takes place over three days from October 28 to 30, 2026. This is a prestigious specialized seafood exhibition organized annually by Sea Fare Exposition Inc.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
(vasep.com.vn) China’s shrimp imports continued to grow strongly in 2026, while Vietnam’s shrimp exports to the market also recorded notable growth. However, behind these positive figures lie two distinct trends: Chinese consumption is growing more slowly than imports, and lobster accounts for a substantial share of Vietnam’s shrimp exports to China, making its product mix significantly different from those of Ecuador and India. Exporters therefore need to assess each segment carefully to understand the opportunities and risks.
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