At the beginning of 2023, the active working atmosphere of seafood enterprises, including pangasius enterprises, showed optimistic signals on the recovery of orders from the markets. On the first working day after the Tet holiday, workers of Hung Ca Co., Ltd. are busy preparing for an export order of 21 containers of pangasius fillets. At Vinh Hoan JSC, nearly 10,000 workers also return to the company to prepare for new orders.
Although in the last quarter of 2022, Vietnam's pangasius exports had fallen to the lowest level of the year with 475 million USD, down 12% compared to the same period in 2021 due to the impact of inflation causing orders from markets to decrease. However, compared to other seafood sectors, pangasius still has a better prospect in 2023, thanks to positive signals from two major markets, China and the US.
The full opening of China has created opportunities for many agricultural export products of Vietnam, including pangasius. With 712 million USD in 2022, pangasius accounts for 40% of Vietnam's seafood exports to China (accounts for the largest proportion). Chinese people tend to prefer pangasius over tilapia. Both importing and exporting seafood is now easier. Freight costs have also dropped below pre-pandemic levels, further facilitating trade.
China's lifting of restrictions on Covid has not been able to bring about a strong recovery for seafood orders in the first month of the year, because the epidemic is still a concern of many people and the restaurant segment has not been able to open yet. Everything changes after a few months, this market will adapt and explode in demand in the consumption segments.
For the US market, the supply and demand of white fish is beneficial for pangasius. Experts and traders in the US market are optimistic about the demand for pangasius and tilapia in the US market in 2023. Both species have reasonable prices and stable supply. Meanwhile, the ban with Russia continues to reduce the supply of cod - a popular white fish in the US. Especially during Lent (from late February to mid-April), demand will increase and will have to be replaced by others such as pangasius, tilapia, pollock.
This year, the US will increase its pollock quota by 16% to nearly 1.5 million tons, but it cannot meet immediate demand. For tilapia, the trade war and Covid epidemic still limit China's exports to the US. Therefore, pangasius still has a bright spot in this market. In the first 11 months of 2022, the US imported 120 thousand tons of pangasius fillets, while tilapia fillets reached 96 thousand tons. This is the first time that pangasius imports to the US have surpassed tilapia.
120 thousand tons of imported fish fillets into the US is also the second highest number since 2007, compared to the record level of over 130 thousand tons in 2016.
In 2022, Vietnam's pangasius exports to the US reached 537 million USD, an increase of 45% compared to 2021, maintaining a positive growth of 23% - 123% in the first 3 quarters of the year, but the increase in inventories caused a decrease in demand in the fourth quarter, so the last quarter of the year exports to the market decreased by 32%.
The US economy has a slight recovery signal, the inventory decreases and supply and demand factors may stimulate orders for pangasius to increase again after the Lunar New Year.
Those expectations can bring confidence in the resilience of pangasius businesses in 2023.
Compiled by Thu Hang
(seafood.vasep.com.vn) Vietnam’s seafood exports in February 2026 reached approximately USD 707 million, up 8% compared to the same period last year. Cumulatively, exports in the first two months of 2026 totaled USD 1.7 billion, an increase of 20.2% year-on-year. The results show that the sector’s recovery momentum has remained relatively solid following strong growth in January, although the pace slowed noticeably in February for several key products and major markets. Within the overall picture, shrimp continues to be the largest pillar, pangasius rebounds strongly, while tuna exports and the U.S. and Korean markets are sending signals that warrant closer monitoring. In March, seafood exports are expected to gain additional momentum from markets other than the U.S., potentially supporting stronger growth.
(seafood.vasep.com.vn) In the first months of 2026, fishing activities in Quang Tri province recorded many positive signals, with output reaching over 15,941 tons. This result not only demonstrates fishermen’s efforts to stay offshore but also reflects the effectiveness of management and support measures implemented by local authorities.
(seafood.vasep.com.vn) In the first months of 2026, IUU prevention models focused on communication and mobilizing fishermen to comply with fisheries laws and avoid encroaching on foreign waters—related to combating illegal, unreported, and unregulated (IUU) fishing—have been implemented in coastal localities of Lam Dong province and have delivered initial positive results.
(seafood.vasep.com.vn) The sharp rise in raw pangasius prices to record levels is sending positive signals for the industry, but experts warn of potential supply–demand imbalances if production is not tightly controlled.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, the country’s total canned tuna export value in 2025 reached over USD 275 million, down 8% compared to 2024. Vietnamese canned tuna products were present in approximately 80 markets worldwide. However, the 2025 picture shows clear divergence: the U.S. maintained stability, the EU declined sharply, while several Middle East–North Africa (MENA) markets accelerated.
(seafood.vasep.com.vn) In 2025, Vietnam’s crab exports reached nearly USD 86 million, up almost 6% compared to 2024. A notable feature of 2025 was the strong market concentration in the United States, which accounted for more than 81% of Vietnam’s total crab export value, up 10% from the previous year. In contrast, exports to several Asian markets declined significantly, resulting in only modest overall growth for the year.
(seafood.vasep.com.vn) In 2025, Vietnam’s tilapia exports recorded impressive growth, with total export turnover reaching over USD 99 million, highlighting the increasingly important role of this product in the country’s seafood export structure. Of this total, tilapia fillets and other fish meat products accounted for USD 61 million, representing 61% of total export value and reaffirming their position as the key product category.
(seafood.vasep.com.vn) Shrimp seed quality is considered the “first link” and a decisive factor affecting the efficiency of the entire commercial shrimp production chain. High-quality seed directly influences survival rates, growth performance, and disease resistance, thereby determining production costs, productivity, and farmers’ profitability.
(seafood.vasep.com.vn) As part of its agricultural restructuring strategy toward sustainability, Quang Tri Province is gradually promoting environmentally friendly aquaculture models. Among these, organic-oriented golden pompano farming is considered a promising direction, aligned with the goals of enhancing production value and building sustainable rural areas.
(seafood.vasep.com.vn) The year 2025 marked a pivotal milestone for Vietnam’s seafood industry in its restructuring process toward sustainability, transparency, and higher value creation, amid continued uncertainties in the global economic and trade environment. Prolonged inflation in major economies, the rising trend of trade protectionism, and increasingly stringent requirements related to environmental standards, traceability, and social responsibility have posed significant challenges to seafood production and exports. Nevertheless, overcoming these pressures, Vietnam’s seafood sector has gradually demonstrated its adaptability, maintained growth momentum, and laid an important foundation for the next stage of development.
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