China and Hong Kong remain the largest markets for Vietnamese pangasius exports. In October 2024, exports to this region reached $61 million, up 9% compared to the same period last year. However, total exports to China and Hong Kong for the first ten months of 2024 declined by 2%, totaling $479 million.
In the first month of the final quarter, pangasius exports to the United States surged by 65% year-on-year, reaching over $35 million. The total export value to the U.S. for the first ten months of 2024 exceeded $291 million, marking a 28% increase. With Donald Trump securing a second term and set to officially take office early next year, new tax policies on imported goods, including pangasius, are anticipated. Guided by slogans such as "America First" and "Make America Great Again," and focusing on economic growth, Trump's administration is expected to influence trade with Vietnam, including the pangasius sector. Nevertheless, the outlook remains positive, with order volumes expected to increase as Vietnam and the U.S. continue their comprehensive strategic partnership, along with potential tax policy adjustments.
Earlier, the preliminary results of the 20th Administrative Review (POR 20) revealed favorable outcomes for Vietnamese pangasius exporters. Two mandatory respondents received anti-dumping duty rates of $0.00/kg, while six additional companies were granted separate duty rates of $0.00/kg. These results are more favorable than the previous POR 19 review, where rates ranged from $0.00/kg to $0.18/kg.
The CPTPP bloc remains Vietnam's third-largest market for pangasius exports. Over the first ten months of 2024, exports to CPTPP countries, bolstered by the agreement, reached over $224 million, an 11% year-on-year increase.
Exports to the EU remained nearly unchanged from the same period last year. In the first ten months of 2024, exports to this region increased slightly by 0.04%, totaling nearly $144 million. Several EU markets recorded double-digit growth in imports of Vietnamese pangasius, including Lithuania, Ireland, Italy, Belgium, Spain, Poland, and Portugal.
Vietnam's pangasius exports are expected to surpass the $2 billion mark in 2024. Year-end orders are projected to rise in anticipation of holiday and festive celebrations. Additionally, concerns over potential tax adjustments and increases have prompted some importers to accelerate their orders before President Trump's inauguration.
(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.
(seafood.vasep.com.vn) In January 2025, the country's total seafood output was estimated at 594,100 tons, a 0.7% increase compared to the same period last year. Specifically, fish production reached 443,400 tons, up 0.7%; shrimp output was 56,300 tons, up 3.1%; and other seafood products totaled 94,400 tons, down 0.9%.
(seafood.vasep.com.vn) The industrial pangasius production in Vinh Long province in 2024 reached 95,100 tons, a 4% decrease compared to 2023. Despite the decline in production, positive trends in the final months of the year offer hope for improving economic efficiency in the near future. Additionally, the increase in the area for industrial pangasius farming and the maintenance of overall aquaculture area demonstrate the province’s efforts to sustain its production activities.
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
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Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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