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) Speaking at the Opening Ceremony of VIETFISH 2026 on August 19 at the Saigon Exhibition and Convention Center (SECC), U.S. Consul General Melissa Brown highlighted the important role of the exhibition in connecting Vietnam’s growing seafood industry with buyers, suppliers, and partners from the United States and around the world.
(vasep.com.vn) Tomorrow, August 19, 2026, the Vietnam International Seafood Exhibition – Vietfish 2026 will officially open at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. Taking place over three days, from August 19–21, Vietfish 2026 promises to provide a dynamic platform for business networking, trend updates, product experiences and comprehensive cooperation across the domestic and international seafood community.
(vasep.com.vn) The global tilapia market continues to grow, creating significant opportunities for countries with strengths in aquaculture, processing, and exports. Against this backdrop, Vietnam’s tilapia industry is gradually developing toward higher quality, greater product diversification, and broader market reach. At Vietfish 2026, the Vietnam Association of Seafood Exporters and Producers (VASEP), together with the VASEP Tilapia Producers and Exporters Club, will host a joint booth to promote the image and potential of Vietnamese tilapia to domestic and international buyers.
(seafood.vasep.com.vn) Vietnam’s seafood exports are heading towards $12 billion this year, potentially the highest level on record. Yet one of the country’s export strengths is facing a growing list of challenges.
(seafood.vasep.com.vn) The first six months of 2026 indicate that Vietnam’s tilapia industry is entering a new phase of development, with strong export growth but also greater demands for production scale, quality and international competitiveness.
(seafood.vasep.com.vn) Vietfish 2026, the Vietnam International Seafood Exhibition, will officially take place from 19–21 August 2026 in Ho Chi Minh City. As Vietnam’s largest annual seafood trade event, organized by the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietfish 2026 will once again bring together leading seafood companies, industry experts, and international partners from across the global seafood value chain.
(seafood.vasep.com.vn) Vietnam’s seafood exports reached USD 1.1 billion in July 2026, up 4.8% compared to the same period in 2025. Cumulative exports in the first seven months of the year totaled nearly USD 6.86 billion, an increase of 11.5% year-on-year. Exceeding the USD 1 billion mark in July further reinforces the prospect that Vietnam’s seafood exports could surpass USD 12 billion in 2026. However, the July figures also send a clear signal that the most favorable growth period may have passed: overall export growth slowed to just 4.8%, pangasius exports fell 6.1%, tuna exports were virtually flat, while exports to the EU, South Korea, and the Middle East all recorded double-digit declines.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the seminar "Global Seafood Market and the Future Workforce: Trends, Opportunities, and Sustainable Development Pathways for Vietnam's Seafood Industry" will take place from 2:00 p.m. to 4:15 p.m. on August 19, 2026, at Convention Room B, Level 2, SECC, Ho Chi Minh City. This is the first of five specialized seminars at Vietfish 2026, focusing on key issues that are shaping the long-term development of Vietnam's seafood industry.
(seafood.vasep.com.vn) Vietnamese seafood exports recorded impressive growth, generating nearly 6 billion USD in revenue during the first six months of the year, up 13% compared with the same period last year.
(seafood.vasep.com.vn) Fishermen in Ha Tinh are gradually overcoming difficulties to maintain the efficiency of seafood exploitation. In the first six months of 2026, the entire province achieved a production of more than 23,000 tons of seafood, worth more than 1,200 billion VND.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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