According to the General Department of Customs, in March, seafood exports to China reached US$182 million, an increase of 2.2 times compared to February. Generally in the first quarter, seafood exports to China reached US$326 million, up doubled compared to the same period in 2021.
Thus, although China has just experienced a wave of COVID-19 with a sudden increase in the number of new infections, blocking many seafood capitals such as Guangdong and Shanghai, tightening the food import process... but exporting seafood Vietnamese products to this market still grew well.
The fact that China is consistent with the Zero COVID-19 policy, strengthening quarantine for frozen seafood is a difficulty for all seafood export markets, not only Vietnam.
Regarding pangasius exports, BIDV Securities Company (BSC) said that two weeks after China announced the blockade of many cities, the export of this item has not shown any signs of decline.
In the first quarter, pangasius exports to China were estimated at 65,000 tons, equivalent to USD 165 million, up 87% in volume and 2.6 times in value compared to the same period in 2021. The average pangasius selling price reached USD 2,530/ton, up 74%.
BSC believes that China will gradually move towards reopening and then its pangasius consumption will be on par with the US. This will be a factor driving the growth of the pangasius industry in the second half of this year.
As for shrimp, the Association of Seafood Exporters and Producers (VASEP) said that after a sharp decline of 22% in 2021, shrimp exports have shown signs of growth recovery earlier this year.
In the first 2 months of the year, shrimp exports to this market reached nearly 40 million USD, up 14% over the same period last year.
VASEP forecasts that in 2022, China's shrimp imports will increase sharply. However, China's regulations and barriers are still strict, and businesses exporting to this market need to ensure the control and prevention of COVID-19 during the production and export of shrimp to China.
With positive signals in the first quarter of many seafood products, the Import-Export Department (Ministry of Industry and Trade) believes that the prospect of seafood exports to the Chinese market will be optimistic in 2022.
Compiled by Minh Trang
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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