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) With a range of synchronized solutions, from institutional improvements and strengthened communication to strict fleet control, Quang Ninh is stepping up efforts to combat illegal, unreported and unregulated (IUU) fishing, determined to join the country in soon having the European Commission’s (EC) “yellow card” lifted.
(seafood.vasep.com.vn) The year 2025 closed with a remarkable milestone for Vietnam’s shrimp industry. According to Vietnam Customs, the country’s total shrimp export turnover in 2025 reached USD 4.6 billion, up 19% compared to 2024 and the highest level ever recorded.
(seafood.vasep.com.vn) During the 2026–2030 period, Quang Tri province aims to convert 771 fishing vessels currently engaged in activities detrimental to marine resources and the ecological environment to more environmentally friendly fishing practices or shift entirely to other economic sectors.
(seafood.vasep.com.vn) 2025 recorded a breakthrough growth in Vietnam’s tilapia exports, in which the U.S market emerging as the primary growth driver. The total export turnover of Vietnamese tilapia to the United States reached $53.15 million during the year, surging 173% year-on-year and accounting for 54% of Vietnam’s total tilapia export value, thereby making the U.S the largest import market for this commodity. Compared to 2024, tilapia exports to the U.S posted robust growth, reflecting the import demand as well as the ability of Vietnamese enterprises to capitalize on market opportunities amidst volatile global competitive dynamics.
(seafood.vasep.com.vn) After two consecutive years of decline, Vietnam’s fish cake and surimi exports rebounded in 2025. Export turnover of this product group exceeded USD 344 million, up 15% year-on-year compared with 2024 and 13% higher than 2023, although still below the peak level recorded in 2022.
(seafood.vasep.com.vn) By the end of 2025, Vietnam’s seafood industry had left a strong mark with export turnover reaching nearly $11.3 billion, up 12.4% year-on-year. This robust performance reflects not only a rebound in global consumption demand but also the agile adaptation of domestic firms in navigating increasingly stringent trade barriers.
(seafood.vasep.com.vn) According to the 2025 review and 2026 outlook conference held by the Directorate of Fisheries and Fisheries Surveillance on the afternoon of January 7, Vietnam’s seafood sector has set a total production target of over 10 million tons in 2026, representing a 0.6% increase year-on-year. Of this total, capture fisheries are projected at around 3.75 million tons (down 2.1%), while aquaculture output is expected to reach 6.25 million tonnes (up 2.2%) compared with 2025.
(seafood.vasep.com.vn) Sao Ta Food JSC (Fimex, Ticker: FMC) has announced its 2025 business results, reporting revenue of over $300 million (approximately 7.8 trillion VND), representing a 19.8% increase year-on-year; projected profit is expected to reach approximately 420 billion VND.
(seafood.vasep.com.vn) Vietnam’s fisheries sector concluded 2025 with landmark achievements: export turnover reached a record high, despite heightened volatility in global trade and increasingly stringent barriers from major markets, most notably the United States. Amid a mix of opportunities and challenges, the fisheries sector also witnessed important policy shifts. Together, these developments form a multifaceted picture of an industry proactively adapting and restructuring toward a trajectory of sustainable development.
(seafoos.vasep.com.vn) According to the Department of Agriculture and Environment of Vinh Long, the province’s shrimp farming area reached 69,800 hectares in 2025, including 7,500 hectares under high-tech farming models, 18,820 tons of black tiger shrimp and 293,000 tons of whiteleg shrimp.
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
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Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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