By the end of April 2023, Vietnam’s pangasius exports to most of the markets in the EU experienced a decline, the lowest decrease was 13%, the highest was 30% compared to the same period in 2022. Top 3 main markets in the block that reduce imports of Vietnamese pangasius were: the Netherlands down 22%, Belgium down 13%, Spain down 30%. Although exports to the German market were more positive, it still recorded a positive growth of 78% in the first 4 months of 2023.
The EU used to be Vietnam's largest pangasius import market with sales peaking at USD 511 million in 2010, accounting for 36% of Vietnam's pangasius exports. However, in the following years, pangasius exports to this market decreased sharply primarily attributable to media campaigns tarnishing the reputation of pangasius within certain European countries.
Vietnam’s pangasius exports to the EU had a breakthrough in 2022 thanks to a sharp increase in demand after being affected by the COVID-19 pandemic for a long time (Cre: Huu Duc-BD)
Vietnam’s pangasius exports to the EU had a breakthrough in 2022 thanks to a sharp increase in demand after being affected by the COVID-19 pandemic for a long time. In particular, the incentives from the EVFTA, the Russia-Ukraine conflict and a series of sanctions by other countries against Russia's economy and trade have increased the EU's demand for white fish imports from Vietnam.
Pangasius exports to the EU in the first 4 months of 2023 decreased compared to the same period in 2022 but still a positive result compared to the same period in previous years. This is also a remarkable number in the effort to gradually bring Vietnamese pangasius back to the EU market, after decades of being “lagged behind”.
However, the existence of varying market regulations within the EU poses a challenge for Vietnamese seafood exporters, including pangasius. It is crucial for businesses to diligently study and understand these regulations to effectively utilize tariff preferences and adhere to rules of origin when exporting pangasius to the EU market.
Compiled by Thuy Linh
In January 2025, Vietnam's shrimp exports to the UK reached over 16 million USD, an 8% increase compared to the same period last year. The UK is the sixth-largest individual market for Vietnam’s shrimp imports, accounting for 5.5% of the total shrimp exports to various markets. Shrimp also holds the largest share (70%) in Vietnam’s total seafood exports to the UK.
Nguyễn Đức Bình, vice director of Quảng Ngãi Province's Department of Agriculture and Rural Development, said that 4,259 out of 5,194 fishing boats (82 per cent) had registered for operations at sea.
(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.
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