As of March 15, 2023, Vietnam pangasius exports nationwide reached nearly 330 million USD, down 35% compared to the same period in 2022. In which, Vietnam's pangasius exports to Singapore reached 7 million USD, up 40% over the same period last year (only 5 million USD). Singapore is in the top 11 single markets importing Vietnamese pangasius. The proportion of pangasius imports of the "Lion island" increased from 1% to 2% over the same period last year.
In the first half of March 2023, pangasius exports to Singapore reached nearly 2 million USD, an increase of 77% compared to the same period in 2023. Singapore is the second country after Thailand in ASEAN that imports the most pangasius from Vietnam. While Vietnam's pangasius exports to most of the ASEAN markets decreased, the increase in Singapore's imports is considered a compensation for this market.
By March 15, 2023, frozen pangasius fillets exported to Singapore accounted for 11%, reaching more than 700 thousand USD, up 23% over the same period last year. Particularly in the first half of March 2023, the export of this product reached 265 thousand USD, up 360%.
Although Singapore’s population is not much, this country has large seaports and convenient trade. Many countries choose Singapore's ports to transship goods.
Southeast Asia, especially Singapore, is considered a bright spot for growth and has benefited greatly from the reopening of China. GDP growth in the ASEAN region is forecast at 5.2% in 2023, significantly higher than many other economies amid a gloomy global economic outlook.
Thanks to the lifting of travel restrictions, the outlook for Singapore's aviation and tourism sectors is relatively positive. This will spur a recovery in services that are still operating below pre-pandemic levels. A strong recovery in air travel and international arrivals is expected to benefit industries that drive consumers to food services. At the same time, this also opens up new opportunities for Vietnam's pangasius exports to Singapore because of the characteristics of delicious white fish with reasonable prices in the context of tight spending due to inflation.
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Top 10 largest pangasius exporters to Singapore |
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No |
Enterprises |
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1 |
Van Duc Tien Giang Food Processing and Exporting Co., Ltd |
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2 |
An My Seafood Import Export JSC |
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3 |
Vinh Hoan JSC |
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4 |
Nam Viet JSC |
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5 |
QVD Dong Thap Food JSC |
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6 |
Truong Giang Seafood JSC |
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7 |
I.D.I Multinational Investment and Development JSC |
|
8 |
Gia Nguyen Import-Export Co., Ltd |
|
9 |
Dai Thanh Co., Ltd |
|
10 |
Vietnam Fishes . Co., Ltd |
Thu Hang
(seafood.vasep.com.vn) Nearly US$1.7 billion is the projected gap in 2029 between the baseline scenario and a scenario in which Vietnam’s seafood exports grow by 10% annually, according to calculations by VASEP to be presented at Vietnam Seafood Summit 2026. This gap raises a key question for the entire industry: Which markets, products and supply chain improvements will generate the additional growth?
(seafood.vasep.com.vn) Although Germany’s tuna imports have declined, Vietnam’s tuna exports to the market continue to show positive signs. Notably, export value recovered strongly in Q3/2026, and German import data also show Vietnamese products strengthening their position amid competition among suppliers.
(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
(seafood.vasep.com.vn) On October 28, 2026, the China Fisheries & Seafood Expo opened in Qingdao, China. The expo takes place over three days from October 28 to 30, 2026. This is a prestigious specialized seafood exhibition organized annually by Sea Fare Exposition Inc.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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