From 2019 to 2023, seafood products, including pangasius, was among the top five exports from Vietnam to the US, alongside electronics, textiles, wood products, steel, and plastics. The US has consistently been one of the largest importers of Vietnamese seafood, especially pangasius. Therefore, the election of a new US president, accompanied by new policies, will significantly impact the future strategies of export companies.
Vietnamese seafood products have long been popular in the US market. Vietnam's annual seafood exports reach about $10 billion, with approximately 1.4-1.5 billion USD coming from exports to the US. Notably, Vietnamese pangasius is highly sought after, with the US. being its second-largest importer globally, after China. In 2022 and 2023, pangasius exports from Vietnam reached over 2.4 billion USD and 1.8 billion USD, respectively. Exports to the US during these years amounted to 527 million USD (22% share) and 271 million USD (15% share), respectively. Moreover, recent data from the International Trade Center (ITC) reveals that from February to August 2024, frozen pangasius fillets surpassed frozen tilapia fillets to become the most consumed whitefish product in the US, reflecting a consistent demand for Vietnamese pangasius.
Previously, according to the preliminary results of the 20th administrative review (POR 20), two mandatory respondent companies received an anti-dumping duty rate of $0.00/kg, while six other companies enjoyed for a separate rate of $0.00/kg. These preliminary results are positive for Vietnamese pangasius exporters, with all eight companies under review achieving a zero-duty rate, a decrease from the previous POR 19 rate, which ranged from $0.00/kg to $0.18/kg.
The impact of Trump's policies on Vietnam's pangasius export industry will be twofold. With his “America First” agenda, an increase in import tariffs by 10-20% on all countries, including Vietnam, could reduce the competitiveness of Vietnamese products compared to American domestic goods. On the other hand, if China faces higher tariffs, it could create opportunities for Vietnamese firms to export to the U.S. and gain a larger market share.
According to data from Vietnam Customs, in the first half of October 2024, Vietnam's pangasius exports to the US reached 19 million USD, an 89% increase compared to the same period last year. Cumulatively, exports to the U.S. up to October 15, 2024, amounted to 275 million USD, a 27% increase from the same period in 2023.
In the first nine months of this year, frozen fillets under HS code 0304 remained the primary pangasius product imported by the US from Vietnam, with a value of 245 million USD - up 21% year-over-year and accounting for 96% of the total share.
In contrast to the previous quarter, Q3/2024 saw a positive turnaround in the export of dried and other frozen pangasius products (whole fish, cut portions, fish bladders, etc.) to the US, with a value exceeding 1.3 million USD, marking a 76% year-over-year growth. Exports of these products reached over 3.2 million USD in the first nine months of 2024, increasing by 3% year-over-year and accounting for 1% of the total share.
Notably, in the first nine months of this year, value-added pangasius products exported to the US continued to record impressive growth, with nearly 8 million USD in value - an increase of 1,666% compared to the same period last year, accounting for 3% of the total pangasius export value to the US.
(seafood.vasep.com.vn) With a range of synchronized solutions, from institutional improvements and strengthened communication to strict fleet control, Quang Ninh is stepping up efforts to combat illegal, unreported and unregulated (IUU) fishing, determined to join the country in soon having the European Commission’s (EC) “yellow card” lifted.
(seafood.vasep.com.vn) The year 2025 closed with a remarkable milestone for Vietnam’s shrimp industry. According to Vietnam Customs, the country’s total shrimp export turnover in 2025 reached USD 4.6 billion, up 19% compared to 2024 and the highest level ever recorded.
(seafood.vasep.com.vn) During the 2026–2030 period, Quang Tri province aims to convert 771 fishing vessels currently engaged in activities detrimental to marine resources and the ecological environment to more environmentally friendly fishing practices or shift entirely to other economic sectors.
(seafood.vasep.com.vn) 2025 recorded a breakthrough growth in Vietnam’s tilapia exports, in which the U.S market emerging as the primary growth driver. The total export turnover of Vietnamese tilapia to the United States reached $53.15 million during the year, surging 173% year-on-year and accounting for 54% of Vietnam’s total tilapia export value, thereby making the U.S the largest import market for this commodity. Compared to 2024, tilapia exports to the U.S posted robust growth, reflecting the import demand as well as the ability of Vietnamese enterprises to capitalize on market opportunities amidst volatile global competitive dynamics.
(seafood.vasep.com.vn) After two consecutive years of decline, Vietnam’s fish cake and surimi exports rebounded in 2025. Export turnover of this product group exceeded USD 344 million, up 15% year-on-year compared with 2024 and 13% higher than 2023, although still below the peak level recorded in 2022.
(seafood.vasep.com.vn) By the end of 2025, Vietnam’s seafood industry had left a strong mark with export turnover reaching nearly $11.3 billion, up 12.4% year-on-year. This robust performance reflects not only a rebound in global consumption demand but also the agile adaptation of domestic firms in navigating increasingly stringent trade barriers.
(seafood.vasep.com.vn) According to the 2025 review and 2026 outlook conference held by the Directorate of Fisheries and Fisheries Surveillance on the afternoon of January 7, Vietnam’s seafood sector has set a total production target of over 10 million tons in 2026, representing a 0.6% increase year-on-year. Of this total, capture fisheries are projected at around 3.75 million tons (down 2.1%), while aquaculture output is expected to reach 6.25 million tonnes (up 2.2%) compared with 2025.
(seafood.vasep.com.vn) Sao Ta Food JSC (Fimex, Ticker: FMC) has announced its 2025 business results, reporting revenue of over $300 million (approximately 7.8 trillion VND), representing a 19.8% increase year-on-year; projected profit is expected to reach approximately 420 billion VND.
(seafood.vasep.com.vn) Vietnam’s fisheries sector concluded 2025 with landmark achievements: export turnover reached a record high, despite heightened volatility in global trade and increasingly stringent barriers from major markets, most notably the United States. Amid a mix of opportunities and challenges, the fisheries sector also witnessed important policy shifts. Together, these developments form a multifaceted picture of an industry proactively adapting and restructuring toward a trajectory of sustainable development.
(seafoos.vasep.com.vn) According to the Department of Agriculture and Environment of Vinh Long, the province’s shrimp farming area reached 69,800 hectares in 2025, including 7,500 hectares under high-tech farming models, 18,820 tons of black tiger shrimp and 293,000 tons of whiteleg shrimp.
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