Vietnamese pangasius export experienced a hardship time along with the COVID-19, the export value to many major markets has been still recording the negative growth. The UK was the most prominent market in the picture of pangasius export in the first 8 months of 2020.
The UK: The UK is the most prominent market in the picture of pangasius export in 2020. The impact of disease causes the export value of many markets to decrease, but the UK still grows positively. Moreover, the export price of frozen pangasius fillets (HS 030462) to this market in the first 8 months of 2020 was much better than many other major exporters, in which, the highest in May 2020, the average export price of frozen pangasius fillets reached from 3.6 to 3.65 USD/kg. By the end of August 2020, the total export value of pangasius to the UK reached 46.75 million USD, up 23.8%. In which, in August alone, the export value hiked by 56.3% over the same period in 2019.
China - Hongkong: In the first 8 months of 2020, the total export value of pangasius to this largest market reached US$295.8 million, down 24% over the same period in 2019. Although the total export value to China - Hong Kong market declined, it can be said that the number of enterprises exports to this market was still relatively large. Pangasius export value to China - Hong Kong was still nearly equal to the total export value to three other major markets, the US, ASEAN, and the EU, accounting for 32.4% of total exports to nearly 130 markets. The move to actively reduce the import of Chinese seafood, including pangasius products from the first months of this year, has made the export value to this market unable to increase again.
The US: By the end of August 2020, the total export value of pangasius to the US reached US$154.5 million, down 17.8% over the same period in 2019. Currently, the US was still the second largest export market (after China - Hong Kong). Although the total export value to this market still slid in the last two months, the export value to the US started to increase again: in July 2020, export value up by 4.4% and that hiked 2.4% in August over the same period in 2019. This signal boosts hope for pangasius enterprises exports to the US in the last quarter of the year.
ASEAN: In the first 8 months of 2020, the total export value of pangasius to ASEAN reached 91.3 million USD, down 30.3% over the same period in 2019. In which, the two major export markets, Thailand, decreased by 28.6%; Malaysia diminished by nearly 26%, while exports to Singapore were similar to the same period last year. Contrary to VASEP's forecasts about the growth of pangasius exports to this potential market in 2020, the COVID-19 pandemic has upset pangasius exports to ASEAN markets for many months. The export value in many months decreased deeply, so it is expected that the total export value of pangasius to this market in 2020 will decrease by more than 20% compared to the same period in 2019.
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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