China - Hong Kong
In January 2021, Vietnam's pangasius exports to the Chinese market were affected due to the regulations on inspection of imported frozen foods to prevent corona infection of some Vietnam - China border gates, causing the export value of pangasius to increase. to this market decreased by 31.3% over the same period last year. However, from the end of February and the beginning of March 2021, the export value of pangasius to this market increased from 16.7 to 28% over the same period last year. Currently, pangasius exports to China - Hong Kong market have grown again. By the end of April 2021, the total value of pangasius exports to this market reached 117.2 million USD, accounting for nearly 24% of Vietnam's total pangasius export value and up 5.4% over the same period in 2020. China - Hong Kong returned to the leading position in the top of the largest pangasius export markets of Vietnamese enterprises.
The US
In April 2021, the export value of pangasius to the US increased sharply by 136% over the same period last year, reaching 30.3 million USD. By the end of April 2021, the total value of pangasius exports to this market reached US$102 million, up 36.7% over the same period last year. The average export price of pangasius to the US market in 2020 was lower than in 2019, but in the first quarter of 2021, the average price of frozen pangasius fillets exported to the US increased to 2.87 USD/kg. Since the end of 2020, the inventory of pangasius in the US has not been much, in addition, the domestic catfish production of this country has also decreased. Therefore, right from the beginning of this year, the US has increased imports of frozen pangasius.
Brazil and Thailand
In April 2021, the export value of pangasius to these two markets skyrocketed. This is beyond the expectations of many market experts in the pangasius industry because in 2020, the value of Vietnamese pangasius exports to Brazil and Thailand will be heavily affected by Covid. In this month, the export value to Brazil increased by 687%, and to Thailand also increased by 47% over the same period last year. By the end of April, the total value of pangasius exports to Brazil reached 22.3 million USD, to Thailand reached 21.2 million USD, up 38.7% and 8.5% respectively over the same period last year. The return of export growth to Thailand - the largest pangasius import market in ASEAN - is also a good signal to increase the value of pangasius exports to this region in the next quarter.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
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