The product structure of pangasius exports to Singapore in the first nine months of this year was uneven. Frozen pangasius fillets remained the primary export product, accounting for over $21 million during this period, a decline of 5% compared to the same timeframe last year. Notably, exports only recorded growth in January, April, May, and July 2024, while the remaining months experienced declines of 1-2 digits.
It is worth mentioning that in January, exports of value-added pangasius products saw an 11-fold increase compared to the same period in 2023; however, this value fluctuated continuously in the following months of 2024. By September 2024, exports of products under HS code 16 had decreased by 11% compared to the same period last year, reaching $145 million. In June, July, and August 2024, exports of this product to Singapore also decreased by 15%, 75%, and 53%, respectively, compared to the same period in the previous year.
Overall, pangasius exports to Singapore in the first nine months of 2024 have deviated from the growth trend observed in 2023. According to the Singapore Ministry of Trade and Industry (MTI), the food and beverage retail and services sectors experienced declines in the first and second quarters of 2024. One explanation for this situation is that residents of the Lion City are spending more on overseas travel.
However, Singapore remains a market worth targeting, as there are almost no technical barriers to importing into the country, and it can accommodate higher purchase prices. Additionally, Singapore boasts a vast network of restaurants, tourism, and hotels, with a diverse population that enjoys seafood. Therefore, businesses need to enhance product display activities and trade promotions to introduce Vietnamese pangasius products more widely to Singaporeans.
(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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