In January 2024, Vietnam's pangasius exports reached 165 million USD, nearly doubling over the same period last year. In particular, the main markets consuming the most pangasius all recorded positive growth, such as the US, China, Hong Kong, EU, CPTPP...
The main pangasius product exported in January 2024 is still frozen fillets, with a value of more than 131 million USD, an increase of 87% over the same period in 2023, accounting for 80% of the proportion.
Regarding the consumption market, in the first month of 2024, China and Hong Kong continue to be the largest import markets for pangasius from Vietnam. Pangasius export turnover to this market in January 2024 reached 52 million USD, an increase of nearly 4 times compared to January 2023 and an increase of 65% compared to January 2022. The value of pangasius exports to China and Hong Kong in the first month of 2024 accounts for 32% of the total pangasius exports to markets. Notably, in the first month of this year, exports of frozen or dried pangasius products (HS code 03) (except fish HS code 0304) to China increased 6.5 times compared to the same period last year. This value is even higher than the export value of frozen pangasius fillets under HS code 0304 (except fish cakes and surimi products), which will be the main product on this market in January 2023.
In January 2024, the US bought 18 million USD of Vietnamese pangasius, an increase of 83% over the same period last year. In the first month of this year, the US increased imports of most Vietnamese pangasius products. Although the export value of processed pangasius products to the US is still modest, the export turnover of this product recorded an increase of 18 times compared to the same period last year to 295 thousand USD. This market consumed more than 17 million USD of frozen pangasius fillets in January 2024, an increase of 81% compared to January 2023.
The EU market bought nearly 13 million USD of pangasius from Vietnam, up 20% over the same period last year. In particular, the Netherlands is still the leading country in Vietnamese pangasius consumption, with nearly 4 million USD, an increase of 16% over the same period. In addition, some markets in the bloc also recorded positive growth in Vietnamese pangasius imports, including Hungary, which increased 4 times, Spain, France, and Slovenia, which increased about 2.5 times...
Pangasius export turnover in the first month of 2024 is considered quite positive after a continuous decline in 2023. The US and China will be markets with prospects of recovery in 2024 due to reduced inventory, and demand will continue to increase. Inflation "cools down," and spending ability in the US is expected to improve compared to before. The pangasius market in China is expected to be more "exciting" thanks to the Chinese government's policies to support the real estate market and stimulate consumption in the first half of 2024.
However, world fluctuations will continue to affect Vietnam's pangasius exports. Typically, tensions in the Red Sea are causing many difficulties in the process of transporting export goods in general and seafood products in particular when shipping costs increase. Rising selling prices for consumers will greatly affect their purchasing decisions.
(seafood.vasep.com.vn) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
By the end of Q3/2025, Vietnam’s seafood industry recorded a clear recovery as a series of leading companies reported strong profits — some even achieving the highest results in their history. After several quarters struggling with high costs and weakened demand, the latest business results indicate a robust comeback across the industry.
(seafood.vasep.com.vn) On November 12 in Ho Chi Minh City, the Embassy of the Netherlands, in coordination with the Ministry of Agriculture and Environment, organized the Vietnam–Netherlands Business Forum under the theme “Shaping the future of sustainable aquaculture in the Mekong Delta.”
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