According to data from Vietnam Customs, in January 2025, pangasius exports to the UK reached USD 4 million, reflecting a 30% decrease compared to the same period last year. This contraction in pangasius export turnover to the UK aligns with the broader trend of reduced pangasius imports across various markets, attributable to the extended Lunar New Year holiday in Vietnam during the first month of the year. Concurrently, the initial month of the year traditionally follows a period wherein nations expend considerable capital, in the trillions of USD, importing pangasius for stockpiling in anticipation of year-end festivities and seasonal celebrations in 2024.
The UK’s accession to CPTPP implies a reduction or elimination of tariffs, as committed under the CPTPP framework, thereby affording Vietnamese pangasius a price-based competitive advantage relative to non-CPTPP member competitors. Furthermore, CPTPP accession facilitates streamlined market access for pangasius exporting enterprises through the mitigation of trade barriers and the harmonization of standards. Vietnamese enterprises can also capitalize on the distribution networks and commercial partnerships of other CPTPP member countries. Whereas previously, Vietnam needed to meet UK quality standards, potentially distinct from those of other markets, which could entail elevated inspection and quality certification costs, quality standards are now harmonized within CPTPP. This harmonization serves to reduce expenditures and procedural complexities, enabling the leveraging of CPTPP quality certifications for exports to the UK. Technical barriers are also diminished due to regulatory harmonization within CPTPP, potentially facilitating technical support from CPTPP member nations to aid enterprise compliance. Moreover, Vietnamese pangasius exporting enterprises will be comparatively less susceptible to idiosyncratic UK market factors, as market diversification within CPTPP can mitigate risks.
However, the UK’s entry into CPTPP also intensifies competitive pressures between Vietnam and other CPTPP members, such as Canada, Australia, and Japan. Enterprises will necessitate vigilance in meeting elevated quality requirements and diversifying product offerings to satisfy market demands.
As one of the most comprehensive and dynamic free trade agreements globally, CPTPP presents substantial opportunities for economic growth and international collaboration. CPTPP presently comprises 11 member nations, accounting for 12% of global GDP.
Vietnamese merchandise exports to the UK currently possess a competitive advantage compared to exports from markets such as India, Indonesia, and Thailand, which lack FTAs with the UK. Nevertheless, to more effectively capitalize on tariff preferences afforded by this Agreement, enterprises must ensure the readiness and proactivity of raw material sourcing. Concurrently, prioritizing the enhancement of quality and supply capacity is crucial to augment market share within the UK market.
For further information pertaining to the pangasius sector, please consult: PANGASIUS SECTOR REPORT 2015-2024.
(vasep.com.vn) Vietnam is signatory to three new-generation Free Trade Agreements (FTAs), and specifically with the United Kingdom (UK), maintains two FTAs: the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the UK-Vietnam Free Trade Agreement (UKVFTA). The confluence of content and approaches within these two Agreements fosters a conducive environment for enterprises from both nations to maximally leverage trade and investment opportunities, notably encompassing Pangasius exports to the UK.
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
