Vietnam's pangasius export turnover to markets in December 2023 reached more than 158 million USD, an increase of 5% of proportion over the same period in 2022. This is also the second consecutive month that pangasius export value recorded an increase in 2023.
Regarding export markets, in 2023, China & HK had continued to be the largest import markets for pangasius from Vietnam. In 2023, pangasius exports to China & HK had reached nearly 573 million USD, down 20% compared to the same period in 2022. This market had increased imports of pangasius products since September 2023 and continuously recorded positive growth in the 2 consecutive months. However, in December 2023, pangasius export turnover to China decreased slightly by 2%, causing total exports to China & HK to decrease by 0.4% compared to the same period in 2022. According to China custom statistics, the first 11 months of the year In 2023, China imported about 154 thousand tons of pangasius, down 35% over the same period. Many agents in this country are starting to stockpile and import more pangasius products to meet demand before the 2024 Lunar New Year.
In December 2023, pangasius exports to the US for the first time recorded positive growth of 21% of proportion compared to the same period in 2022, after 11 consecutive months of decline. Export turnover to the US in the last month of 2023 reached nearly 20 million USD, down 15% compared to the previous month and only higher than January, February, and July 2023 - months that recorded a deep decline from 43% - 81%.
In 2023, the CPTPP market had imported nearly 249 million USD of pangasius from Vietnam, down 24% of proportion compared to 2022. CPTPP is also a market that had seen a deep decline in pangasius imports in 2023, but there are signs of growth returned in the last quarter of 2023. In December 2023, the value of pangasius exports to this market reached its highest level since the beginning of the year, a slight increase of 7% over the same period. After 5 years, the CPTPP agreement has opened more opportunities for Vietnamese pangasius to come closer to every meal of consumers in this market block.
In 2023, pangasius exports to four main markets had decreased significantly. Vietnamese seafood exports, including pangasius, had faced many difficulties such as economic recession, consumers limiting spending, large inventories and global inflation. However, with the flexible management of the Government and the efforts of the entire industry, Vietnamese pangasius products continue to conquer markets in 146 countries and territories around the world. In addition to the main product of pangasius fillets, by-products (dried pangasius maw, patties, breaded pangasius...) are popular in the US, China, Malaysia, and Singapore markets.
In 2024, the pangasius industry sets main goals as following: farming area reaches 5,700 hectares, commercial pangasius output reaches about 1.7 million tons, and export turnover is expected to reach 2 billion USD.
To achieve this goal, the entire industry needs to focus more on building strong brands and marketing campaigns to enhance the presence and reputation of Vietnamese pangasius in the international market; Promote pangasius products through international exhibitions and fairs, build a network of domestic and foreign partners and customers.
In January 2025, Vietnam's shrimp exports to the UK reached over 16 million USD, an 8% increase compared to the same period last year. The UK is the sixth-largest individual market for Vietnam’s shrimp imports, accounting for 5.5% of the total shrimp exports to various markets. Shrimp also holds the largest share (70%) in Vietnam’s total seafood exports to the UK.
Nguyễn Đức Bình, vice director of Quảng Ngãi Province's Department of Agriculture and Rural Development, said that 4,259 out of 5,194 fishing boats (82 per cent) had registered for operations at sea.
(seafood.vasep.com.vn) The first two months of 2025 recorded positive signals in Vietnam's seafood export activities, with total revenue reaching USD 1.423 billion, growing 18.2% compared to the same period in 2024. In February 2025, the export value hit USD 655.197 million, showing an impressive growth of 42.6%.
(seafood.vasep.com.vn) Kiên Giang Province, home to over 13,000 fishing vessels, is intensifying efforts to combat illegal, unreported, and unregulated (IUU) fishing. Faced with challenges from offshore fishing, many vessels have shifted to near-shore fishing using destructive methods, severely damaging marine ecosystems.
(seafood.vasep.com.vn) Vinh Hoan Corporation (HOSE: VHC) continues to solidify its position as the leader in Vietnam's pangasius export industry with impressive business results in 2024 and positive prospects for 2025. Factors supporting growth, such as recovering demand, improved selling prices, and favorable international trade policies, make Vinh Hoan one of the top stocks to watch in investment portfolios for 2025.
Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.
On February 26, 2025, VinFast and the Vietnam Association of Seafood Exporters and Producers (VASEP) signed a comprehensive cooperation agreement to strongly promote green transformation goals. The collaboration between the two parties will contribute to the realization of the country’s sustainable development goals and help elevate the Vietnamese brand on the international market.
(seafood.vasep.com.vn) In 2024, the total brackish water shrimp farming area in Ca Mau reached 278,600 hectares, with a shrimp output of 242,000 tons. This output achieved 99.59% of the set target and marked a 4.57% increase compared to the same period last year. The average shrimp yield attained 869 kilograms per hectare per year, representing a 38 kilograms per hectare per year increase compared to 2023. Shrimp export turnover reached USD 1.12 billion, positioning Ca Mau amongst the nation's leading localities in this sector.
(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
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