In August 2023 alone, Vietnam pangasius exports to the US reached more than 25 million USD, down 24% over the same period in 2022, up 38% over the previous month. The decline compared to the same period last year has gradually narrowed since May 2023, the declines in May, June, July, and August were 53%, 51%, 43%, and 24% respectively.
The US is an important market and consumes a lot of Vietnam pangasius. However, in the first half of 2022, pangasius imports from Vietnam to the US increased sharply, causing inventories in the US to increase. Therefore, in the first months of 2023, Vietnam pangasius exports to the US continuously witnessed negative growth. The average price of pangasius exports to the US in August reached 2.92 USD/kg, down 44% compared to the same period last year. This is also the deepest decrease since the beginning of this year. This price decreased by 5% compared to the previous month. According to data from the World Trade Center (ITC), in the first 7 months of 2023, the US imported more than 1 billion USD of white meat fish from the world and imported more than 199 million USD from Vietnam. Vietnam accounts for 18% of the total import value of white fish products from the US. China is the largest supplier to the US, accounting for 45% of the market share. Vietnam pangasius still has a lot of room in the US market. At the 2023 international pangasius industry conference organized by VASEP within the framework of VIETFISH 2023 Exhibition, Mr. Arno Willemink - Operations Director of De Heus Vietnam said that pangasius at reasonable prices is gradually replacing meat fish. naturally mined white. This is a general trend that affects the consumption potential of the pangasius industry in the coming time. Positive results after the US FSIS inspection and preliminary results of the 19th anti-dumping tax administrative review (POR19) on Vietnam frozen pangasius fillets entering the US market from January 1 August 2021 to July 31, 2022, has helped create positive psychology for export businesses. In addition, the fact that President Joe Biden paid a state visit to Vietnam in September and upgraded relations with Vietnam to the highest level of "Comprehensive Strategic Partnership" will open up more opportunities. Association for Vietnam seafood, including pangasius, in this important consumer market.
Vĩnh Hoàn Corporation (stock code: VHC – HoSE) has outlined an ambitious business plan for 2025, targeting revenue of VND 13,800 billion (up 10.3% from 2024) and after-tax profit of VND 1,500 billion (up 22.3%). This follows a successful 2024, where the company recorded revenue of VND 12,513 billion (exceeding 109% of the plan) and after-tax profit of VND 1,226 billion (surpassing 123% of the VND 1,000 billion profit target). The 2025 Annual General Meeting of Shareholders is scheduled for April 24 in Ho Chi Minh City to discuss these plans.
Sa Giang Import-Export Corporation continues to assert its position as one of the leading export enterprises in Đồng Tháp, achieving a revenue of thousands of billions of VND from shrimp crackers and rice paper in the past year.
(seafood.vasep.com.vn) After three years of implementation, the UK-Vietnam Free Trade Agreement (UKVFTA) has yielded positive results for Vietnam’s tuna exports. The United Kingdom officially became a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on December 15, 2024. This is expected to bring significant benefits for seafood enterprises, particularly in terms of tariffs and intra-bloc origin regulations - especially for tuna products.
On March 3, Sa Giang and Citek officially launched a comprehensive enterprise digital transformation project using the GROW with SAP solution.
(seafood.vasep.com.vn) According to the Action Plan to implement the growth targets for agriculture, forestry, and aquaculture from the Bình Định Department of Agriculture and Environment, which has just been issued, the goal for 2025 is to achieve an overall GRDP growth rate for the entire sector from 3.6% to 3.8%, with the highest effort to reach a growth rate of 3.8%.
(seafood.vasep.com.vn) The area for Pangasius farming in Dong Thap currently exceeds 1,332 hectares, with over 180 hectares harvested, yielding 81,733 tons of fish. The Pangasius industry has 87% of its production area in line with the planning regulations; most production areas apply technical procedures and standards to meet the market requirements of importing countries.
The UK joining CPTPP not only does not create barriers but also brings many advantages and great opportunities for domestic footwear and seafood businesses.
Deputy Minister of Agriculture and Environment Phùng Đức Tiến talked to Việt Nam News reporter Tố Như about the future development orientation after the ministry officially began operations.
(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.
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
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