After the positive growth in the previous 2-3 months, until May 2020, the export value of pangasius to China - Hong Kong and the US fell. In May 2020, export value to China - Hong Kong decreased by 11.3%; export to the US plummeted by 51.2%. Exports to ASEAN and the EU also dropped sharply, respectively 57.6% and 36.2% over the same period in 2019.
As of mid-June 2020, pangasius export value to most major markets in the top 10 major importers declined compared to the same period in 2019, except for Singapore and the UK. These were two importers among the top 10 importers that still maintained positive growth during the COVID-19 pandemic.
China - Hongkong: As of the first half of June 2020, the total export value of pangasius to this market reached US$ 187.9 million, down 15.5% over the same period in 2019. In May and the first half of June 2020, pangasius export value to China - Hong Kong market suddenly leveled off and declined compared to the same period in 2019 as several Chinese ports that closed up importing seafood shipments due to concerns about the risk of Covid-19 infection. Moreover, many supermarkets in Northern China have not sold as before. This has also affected the export price to this market in recent weeks.
The US: The US was still the second-largest exporter of Vietnam pangasius enterprises, accounting for 15.6% of the total pangasius export, reaching US$ 95.5 million (as of the first half of June 2020), down 24.4% % compared to the same period in 2019. The COVID-19 epidemic has a great impact on commercial and business activities in this market. So far, there have been no positive signs of recovery in this market.
EU: Although Vietnam's pangasius export value to the ASEAN market in the first 6 months of 2020 still decreased by 36.6% compared to the same period last year, the negative growth rate showed signs of slowing down. As of the first half of June 2020, the total value of pangasius exports to the EU reached US$ 64.6 million. In particular, pangasius export value to the three largest importers of the Netherlands, Germany, and Spain slumped by 32.7%; 37.1%, and 16.7% respectively over the same period in 2019. Similar to the consumption trend in the US, so far, businesses have not been expecting the export to this market will grow positively like the previous year.
Singapore and the UK: It can be said that these were two special markets during the Covid-19 epidemic, while most of the export value to major importers were affected with negative growth, the export value to these two markets were brighter. As of the first half of June 2020, pangasius export value to Singapore - the second-largest export market of Vietnam pangasius in ASEAN reached US$ 18.5 million, up 5.7% over the same period in 2019. Pangasius export value to the UK market also reached US$ 28.6 million, up 7.1% over the same period in 2019.
It can be said that the overall picture of Vietnamese pangasius exports in the first two quarters of 2020 was not bright due to the Covid-19 pandemic. However, pangasius enterprises expect that, from the 3rd quarter of 2020, trade activities will gradually stabilize in some markets, which include the two largest importers (China - Hong Kong and the United States).
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.
(seafood.vasep.com.vn) Vinh Hoan Corporation (HOSE: VHC) continues to solidify its position as the leader in Vietnam's pangasius export industry with impressive business results in 2024 and positive prospects for 2025. Factors supporting growth, such as recovering demand, improved selling prices, and favorable international trade policies, make Vinh Hoan one of the top stocks to watch in investment portfolios for 2025.
Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.
On February 26, 2025, VinFast and the Vietnam Association of Seafood Exporters and Producers (VASEP) signed a comprehensive cooperation agreement to strongly promote green transformation goals. The collaboration between the two parties will contribute to the realization of the country’s sustainable development goals and help elevate the Vietnamese brand on the international market.
(seafood.vasep.com.vn) In 2024, the total brackish water shrimp farming area in Ca Mau reached 278,600 hectares, with a shrimp output of 242,000 tons. This output achieved 99.59% of the set target and marked a 4.57% increase compared to the same period last year. The average shrimp yield attained 869 kilograms per hectare per year, representing a 38 kilograms per hectare per year increase compared to 2023. Shrimp export turnover reached USD 1.12 billion, positioning Ca Mau amongst the nation's leading localities in this sector.
(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
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