In the last 10 years (from 2008 to 2017), Vietnam’s pangasius export turnover to Brazil reported the continuous growth but fluctuated from US$114.8 thousand (2008) to US$104.7 million (2017).
In 2012, sales to Brazil only accounted for 4.3% of Vietnam's pangasius export volume and held as the 6th rank. But in 2013, those to Brazil picked up 6.7% of Vietnam's pangasius export turnover and ranked the 4th behind the U.S, the EU and ASEAN. While pangasius exports to big markets faced difficulties, exports to Brazil in 2013 recorded the good growth.
In the group of frozen whitefish fillets (HS code 0304), Vietnamese pangasius was the third most imported item into Brazil behind Alaska pollock and hake. According to data from the International Trade Center (ITC), in 2013, imports of Alaska pollock into Brazil were up 25.5%; those of pangasius increased by 75.3% and those of cod went up 19.6% over 2012.
In 2013, Brazil only imported pangasius from Vietnam and did not import catfish from other countries around the world while during the same period last year, Brazil imported catfish from Spain and China.
By early 2015, pangasius exports to this market stayed stagnant because the Ministry of Fisheries and Aquaculture of Brazil (MPA) announced the suspension of imports of seafood and products processed from fish and / or fishing products from Vietnam. Then, since April 2015, the MPA has announced that the country had lifted the import ban on seafood and fishery products from Vietnam. Thus, in 2014, the export value of pangasius to Brazil decreased from US$122.9 million to US$77 million in 2015 and hit US$68 million in 2016.
However, in Brazil, in 2016, China and Vietnam were still the two largest suppliers of whitefish products to the market. While China focused on frozen Alaska pollock fillets, Vietnam boosted exports of frozen pangasius fillets to the market.
In 2017, the total export value to the Brazilian market reached US$104.7 million, up 54% over the previous year. This was considered as a potential market of Vietnam with the highest growth in the year.
Although, in the first half of 2018, pangasius exports to Brazil declined, however, with low level glazing and high quality, pangasius products remain popular to Brazilian customers. Therefore, Brazil is still forecasted to be a potential market with the good growth in the last months of the 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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