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.
(seafood.vasep.com.vn) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.
(seafood.vasep.com.vn) The tuna export market of Vietnam in the first month of 2025 has seen notable fluctuations. Exports to most major markets have decreased compared to the same period in 2024.
The Seafood Expo Global is the largest seafood industry event in the world, truly becoming a professional playground and a strong foundation for connecting the international seafood community. The Seafood Expo Global (SEG) 2025 will take place from May 6 to May 8, 2025 in Barcelona, promising to be an important platform for the global seafood community to meet, trade, and seek business opportunities in seafood industry.
(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam’s pangasius exports in January 2025 reached over USD 133 million, marking a 19% decline compared to the same period last year. Notably, the ranking of the top pangasius import markets saw significant adjustments.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
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