In the first quarter of 2020, the export of Vietnamese pangasius to ASEAN decreased slightly, then from the second quarter, the export value to this market contracted even more strongly due to the COVID-19 pandemic.
At the beginning of this year, Thailand was the largest pangasius exporter in the block, accounting for 41% of the total export value to the whole block. In the second quarter of 2020, the export value to Thailand dropped sharply, the country only accounted for 13 % of the total value of pangasius exports to ASEAN. Singapore rose to become the largest pangasius importer of the region in the three months of the second quarter, accounting for 44.8% of the total value of Vietnamese pangasius exports to ASEAN in this quarter.
In Q2/2020, while most of export value to ASEAN and EU markets decreased, export value to Singapore elevated by 38.5% to nearly US$13 million. As of mid-July 2020, the total value of pangasius exports to the Singapore market reached nearly US$21 million, up 3.3% over the same period in 2019.
There were nearly 50 pangasius enterprises exporting to ASEAN in the second quarter of 2020, of which nearly 40 companies export pangasius to Singapore. Huong Phuc Thinh, IDI CORP, and TG CORP were the three companies with the largest value of pangasius export to Singapore during this period.
During this time, Vietnam exported outstanding pangasius products such as frozen pangasius fillets, dried pangasius bubbles; frozen cube pangasius fillet; frozen cut pangasius fillet, tempura pangasius fillet… to Singapore market.
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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