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) In the first two months of 2026, Vietnam’s exports of fish cakes and surimi exceeded USD 45 million, up 7% compared to the same period in 2025, indicating a positive outlook for this product segment amid recovering demand in many markets.
(seafood.vasep.com.vn) During the week from April 4th to 10th, 2026, Quang Ngai province intensified its monitoring and law enforcement activities with the determination to eliminate illegal, unreported, and unregulated (IUU) fishing practices.
(seafood.vasep.com.vn) Thanh Hoa’s shrimp sector is undergoing a strong transformation by accelerating the adoption of high technology, helping to improve productivity, increase profits, and meet market demands. The province currently has about 4,100 hectares of shrimp farming, with output continuing to rise despite stable farming area, mainly due to the shift from traditional methods to intensive and super-intensive farming.
(vasep.com.vn) Amid ongoing volatility in global seafood trade, Vietnam’s crab exports have made a fairly positive start to 2026. According to Vietnam Customs statistics, export turnover in the first two months of 2026 reached nearly USD 55 million, up 24% compared to the same period in 2025 and more than 2.2 times higher than in the same period of 2024. This indicates that crab exports are entering 2026 with stronger growth momentum, particularly in Asian markets.
(seafood.vasep.com.vn) Da Nang City has fully implemented all recommendations from the European Commission (EC) regarding the fight against illegal, unreported and unregulated (IUU) fishing, creating an important foundation for the removal of the “yellow card” in the near future.
(seafood.vasep.com.vn) In Hoa Vang district (Da Nang City), red tilapia farming is demonstrating clear economic efficiency, becoming a promising livelihood that helps many households increase their income. A notable example is the model of Mr. Huynh Ngoc Nam, who operates two red tilapia ponds covering more than 4 hectares, generating stable annual income.
(seafood.vasep.com.vn) In Gia Vien district, tilapia farming—particularly the “duong nghiep” strain—is expanding rapidly and gradually becoming an efficient production model for local farmers. Hatcheries in the area are supplying high-quality, uniform, and disease-free fingerlings, meeting the growing demand for commercial farming.
(seafood.vasep.com.vn) On the afternoon of March 19, Vice Chairman of the Ca Mau Provincial People’s Committee, Le Van Su, chaired a meeting to address bottlenecks and propose solutions to expand the super-intensive whiteleg shrimp farming model using low water exchange and high biosecurity standards (RAS-IMTA).
(seafood.vasep.com.vn) On March 10, 2026, the Ho Chi Minh City People’s Committee issued Decision No. 1377/QD-UBND approving the Aquatic Animal Disease Prevention and Control Plan for the 2026–2030 period. The decision takes effect from the date of signing and replaces previous plans for the 2021–2030 period that had been issued prior to the administrative merger in Ba Ria – Vung Tau, Binh Duong, and Ho Chi Minh City.
(vasep.com.vn) In 2025, Chile imported more than USD 156 million worth of tuna, up 8.1% compared to the previous year and the highest level in the past five years. As the supply structure in this market is rapidly shifting, Vietnamese tuna is facing both opportunities to expand market share and increasing competitive pressure from Thailand, Colombia, and China.
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
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
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