China - Hong Kong: In 2021, the total export value of pangasius to this market recorded USD 449.8 million, accounting for 27.8% of total exports, down 12.6% compared to 2020. The first three quarters of 2021 , Pangasius exports to China - Hong Kong encountered many problems and interruptions due to trade barriers that China introduced to reduce imports of frozen food.
However, since September 2021, the pangasius stocks of importers to prepare for the year-end holidays or the summer of 2022 have been exhausted, so they also want the Government to relax inspection measures. goods to increase purchases. Since then, pangasius export value to China has grown again, of which, in December 2021, pangasius export value to China reached 73.2 million USD, up 144.3 % over the same period of previous year.
The US: A favorable year of exporting pangasius and positive growth to the US. In 2021, the total value of pangasius exports to this market brought about 370.6 million USD, double that of 2020. At the end of June 2021, the US Department of Commerce (DOC) announced the final results. The 16th anti-dumping tax administrative review (POR16) for frozen pangasius shipments imported from Vietnam to the US market in the period from August 1, 2018 to July 31, 2019. Accordingly, two Vietnamese pangasius exporters: Vinh Hoan Joint Stock Company (VINH HOAN CORP - Dong Thap) and Nam Viet Joint Stock Company (NAVICO - An Giang) have enjoyed the tax rate of 0%. This positive move has pushed pangasius exports to this market to grow continuously, which is not unexpected. Particularly in December 2021, the export value of pangasius to the US reached 46.6 million USD, up 67% over the same period last year.
CPTPP: In 2021, the total export value of pangasius to this market group has reached 207.8 million USD, up 0.6% compared to 2020. Mexico and Canada are two prominent markets of the CPTPP. Last year, pangasius exports to Mexico had "revived" after many years of decline. Total export value of pangasius to Mexico reached 69.2 million USD, up 37.3%; to Canada reached 32.7 million USD, up 7.5% over the previous year. Since Covid-19 spread from Europe to developing economies in Southeast Asia, pangasius exports to Singapore - a market that was considered remarkable in previous years, suddenly decreased. In 2021, pangasius export value to Singapore reached 26.3 million USD, down 22%.
EU: The total export value of pangasius to this market group reached US$106.2 million, down 17% compared to the same period in 2020. Having decreased continuously in the past 3-4 years, many enterprises have actively changed the markets. Pangasius export value to the 4 largest European markets, the Netherlands, Belgium, Spain and Germany, decreased by 20%, respectively; 23.5%; 9.3% and 43.6% compared to last year.
Pangasius export value to "redirected markets" such as Brazil, Colombia, Russia, Egypt is very bright. In which, last year, pangasius export value to Brazil increased by 48.6%; to Colombia increased by 68.5%; to Russia increased by 72.8% and to Egypt by 51.7% over the previous year.
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.
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