New data released by the General Department of Vietnam Customs shows that Vietnam's pangasius export turnover to the UK in the first half of August 2024 reached 3.5 million USD. Accumulated from the beginning of the year to August 15, 2024, the total pangasius export turnover to the UK reached 38 million USD, down 8% over the same period.
The Vietnam Association of Seafood Exporters and Producers (VASEP) considers the UK to be one of the important markets, consuming many value-added products from Vietnamese pangasius.
Notably, in the first 7 months of 2024, Vinh Hoan Joint Stock Company (Vinh Hoan Seafood, stock code VHC-HHoSE) is the largest pangasius exporter to the UK, accounting for 32% of Vietnam's total pangasius output exported to this market.
In terms of business activities, in the first 6 months of this year, Vinh Hoan Seafood recorded net revenue of VND 6,051 billion, up 22% over the same period last year. However, due to a sharp increase in the cost of goods sold, after-tax profit decreased by 22% to VND 529 billion. Thereby, completing 66% of the profit plan for the whole year.
As analyzed by Industry and Trade Magazine, Vinh Hoan Seafood is still tending to maintain low selling prices to boost output. With this strategy, Rong Viet Securities believes that the export output of pangasius fillets of Vinh Hoan Seafood in the second half of this year will increase by 5% compared to the first half of the year, equivalent to an increase of 25% compared to the same period in 2023.
At the same time, the company's profit margin will gradually improve in the following quarters in the context of recovering selling prices and decreasing prices of animal feed and raw fish.
With the above conditions, Rong Viet Securities forecasts that the parent company's after-tax profit this year of Vinh Hoan Seafood will reach VND 1,193 billion, an increase of 30% compared to 2023.
In addition, Vinh Hoan Seafood is also promoting the development of collagen and gelatin, which helps the company handle by-products in the pangasius processing process while creating products with high added value and closing the production and business value chain.
A Vinh Hoan Aquaculture representative said that utilizing by-products can increase the value of the entire pangasius farming and processing chain of the company by 15-20%.
Rong Viet Securities assessed that Vinh Hoan Aquaculture's Collagen & Gelatin segment will maintain a double-digit CAGR growth rate for the period 2024–2032, higher than the overall growth potential of the collagen market when the company increases factory capacity to meet consumption demand.
Regarding exploiting the UK market, VASEP said that in the period from the beginning of February to the end of July 2024, Vietnam's pagan export turnover to this market continuously decreased. The main reason was the erratic increase and decrease in export prices, although the export volume during this period increased by 8%.
To expand the market in the UK and effectively take advantage of the benefits of the UKVFTA (Vietnam-UUK & Northern Ireland Trade Agreement), pangasius exporting enterprises need to improve technology, enhance product quality, and invest in modern digital marketing tools to widely promote their products, VASEP recommends.
(seafood.vasep.com.vn) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.
(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.
(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.
(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
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
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
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Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn