Vinh Hoan Corporation: Vinh Hoan Corporation has consistently held the leading position over the past decade, albeit with minor contractions in export turnover in recent years. However, Vinh Hoan has maintained its preeminence due to a commitment to sustainable development strategies, product quality enhancement, and the expansion of export markets, particularly in value-added product segments. Vinh Hoan has remained Vietnam’s largest pangasius exporter for ten consecutive years. The United States constitutes the corporation’s primary export market. In 2015, Vinh Hoan exported nearly USD 228 million to the U.S., accounting for a substantial 3.41% of the total market share. Vinh Hoan retained its number one ranking within the Top 5, with export turnover in 2024 exhibiting an approximate 15% increase compared to 2023.
Nam Viet Corporation: Nam Viet Corporation demonstrates steadfastness characterized by growth and stability, consistently securing a position within the Top 5 throughout the past decade. Despite variations in proportional contribution to aggregate turnover, the company’s export turnover has remained robust and progressively increased from USD 93 million in 2015 to USD 126 million in 2022. Nam Viet prioritizes the maintenance of stability and sustainable growth. The corporation has proactively established a rigorous quality management system and implemented production process enhancements to reduce expenditures and augment efficiency. This stability has been instrumental in securing a firm foothold within the industry. Despite the broader pangasius sector confronting multifaceted challenges in 2024, Nam Viet’s export turnover in 2024 remained stable relative to 2023.
Van Duc Tien Giang Food Export Company: Van Duc Tien Giang has emerged as a constituent of the Top 5 in recent years, demonstrating robust growth. The year 2022 witnessed an approximate 90% surge in export turnover compared to 2020, propelling the company to the 3rd rank in 2022. This performance underscores Van Duc Tien Giang’s ongoing commitment to product quality refinement and the expansion of exports into international markets. Export turnover in 2024 exhibited an approximate 40% growth compared to 2023.
IDI International Development and Investment Joint Stock Company: IDI Corporation represents a pangasius exporting entity that has experienced positional shifts within the Top 5, indicative of the intense competitive pressures faced amidst sector-wide challenges. The company has implemented adjustments to its business strategy, expanded production capacities, diversified its product portfolio, and actively pursued new markets.
Bien Dong Seafood Co., Ltd: Bien Dong Seafood Co., Ltd experienced substantial growth during the period spanning 2015-2019. In 2023, export turnover contracted amidst intensifying competition and fluctuations in the international market landscape. Nevertheless, the company sustained its position within the Top 5 due to its capacity to adapt its strategies and maintain product quality standards. In 2024, Bien Dong was no longer among the top 5 leading enterprises, with Truong Giang Seafood Corporation superseding its position.
|
Top 5 Vietnamese pangasius export enterprises, 2015 |
||
|
No. |
Company name |
Proportion (%) |
|
1 |
Vinh Hoan Corporation |
3,41 |
|
2 |
Bien Dong Seafood Co.,Ltd |
1,75 |
|
3 |
Hung Vuong Corporation |
1,43 |
|
4 |
Nam Viet Corporation |
1,39 |
|
5 |
An Giang Fisheries Import & Export Joint Stock Company |
0,89 |
|
Top 5 Vietnamese pangasius export enterprises, 2024 |
||
|
No. |
Company name |
Proportion (%) |
|
1 |
Vinh Hoan Corporation |
2,74 |
|
2 |
Nam Viet Corporation |
1,14 |
|
3 |
Van Duc Tien Giang Food Export Company |
1,08 |
|
4 |
IDI International Development and Investment Joint Stock Company |
0,89 |
|
5 |
TG Fishery Holdings Corporation |
0,86 |
(seafood.vasep.com.vn) In the first three months of 2026, Vietnam’s exports of fish cake and surimi reached USD 63 million, down 5% compared to the same period last year. Although total export value declined slightly due to decreases in some key markets, many other destinations continued to post strong growth, opening up room for this convenience-oriented processed segment in the coming quarters.
(seafood.vasep.com.vn) Favorable weather conditions in the early months of 2026 have brought encouraging signs for fisheries activities in Quang Tri. Output has grown steadily, contributing to improved livelihoods for local residents.
Entering 2026, Vietnam’s seafood industry is facing a period of both high expectations and mounting pressures. Following the positive recovery in 2025, production and export activities in Q1/2026 demonstrated the strong adaptability of Vietnam’s seafood business community amid continued global trade volatility, intensifying international competition, and increasingly stringent compliance requirements in import markets.
(vasep.com.vn) In the first quarter of 2026, Vietnam’s shrimp exports reached USD 1.069 billion, up 17.5% compared to the same period in 2025. This is a positive result amid an uneven global shrimp market recovery, intensifying competition among major suppliers, and continued volatility in the international trade environment. However, this growth does not reflect a broad-based recovery across the entire sector, but rather is driven mainly by strong performance in a few markets and specific product segments—most notably lobster exports to China.
(seafood.vasep.com.vn) Vietnam’s tuna exports continued to decline in March 2026. Cumulatively, in the first three months of the year, export value reached USD 208 million, down 4% compared to the same period in 2025. The export landscape shows clear divergence across markets: while the U.S. and EU remain challenging, markets such as Russia, the Middle East, Egypt, the Philippines, and Mexico have emerged as growth bright spots.
(seafood.vasep.com.vn) In Quang Ngai Province, shrimp farming costs are rising sharply due to लगातार increases in feed, fuel, and input material prices, while farm-gate shrimp prices are declining. This has significantly reduced farmers’ profit margins and increased production risks.
(seafood.vasep.com.vn) Vietnam’s tilapia exports are experiencing impressive growth, reflecting expanding global demand as well as the sector’s development potential. However, behind the strong growth figures lie limitations in production capacity and supply chains, highlighting the need for sustainable development in the coming period.
(seafood.vasep.com.vn) Vietnam’s pangasius exports to the Middle East in 2025 and early 2026 have shown notable growth. However, escalating geopolitical tensions in the region have increasingly impacted export activities since March. This situation presents a challenge of balancing market expansion opportunities with rising trade risks.
(seafood.vasep.com.vn) The Quang Tri Department of Agriculture and Environment has instructed localities to base their stocking schedules on actual conditions in each farming area, while developing plans, allocating resources, and implementing synchronized measures for disease prevention and disaster risk management in aquaculture production.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s exports of fish cakes and surimi exceeded USD 45 million, up 7% compared to the same period in 2025, indicating a positive outlook for this product segment amid recovering demand in many markets.
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