Over the past decade, China first surpassed the U.S. as the largest importer of Vietnam’s pangasius in 2017. However, in 2018, the U.S. reclaimed its position, with exports of pangasius to the U.S. reaching USD 550 million, while exports to China totaled USD 529 million.
Since 2019, however, exports of pangasius to the U.S. have struggled to achieve significant growth due to the ongoing anti-dumping tariffs. As a result, China has been the leading market for Vietnam’s pangasius exports for the past six consecutive years.
In 2024, exports of pangasius to China accounted for 29% of Vietnam’s total seafood exports. October 2024 recorded the highest monthly export value to China & Hong Kong since the beginning of the year, exceeding USD 61 million, a 9% increase compared to the same month in 2023.
Frozen pangasius fillets from Vietnam are highly favored by Chinese consumers. In Q4 2024, the value of these exports to China surpassed USD 100 million, a 62% increase compared to Q4 2023. For the whole year of 2024, frozen pangasius fillet exports to China & Hong Kong reached USD 349 million, a 6% decrease from the previous year, representing 60% of the total pangasius exports to this market.
In Q4 2024, China increased imports of dried pangasius and other frozen products (whole fish, cut fish, fish maws, etc.) by 7% compared to Q4 2023. Exports of value-added pangasius products in Q4 2024 saw a remarkable growth of 92% compared to the same period in 2023.
Currently, the U.S. and China are the top two markets for Vietnam’s pangasius exports. With the recent signing of a bilateral agreement between Vietnam and the United States to remove the anti-dumping tariffs on pangasius fillets from Vietnam, the number one position held by China may be challenged in 2025.
The U.S. implementation of the WTO ruling opens up significant opportunities for Vietnam’s pangasius exports to the U.S. to stabilize. This move also plays a crucial role in demonstrating the commitment to strengthening the multi-faceted relationship between Vietnam and the U.S., especially in the context of the two countries upgrading their relations to a Comprehensive Strategic Partnership.
(seafood.vasep.com.vn) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
By the end of Q3/2025, Vietnam’s seafood industry recorded a clear recovery as a series of leading companies reported strong profits — some even achieving the highest results in their history. After several quarters struggling with high costs and weakened demand, the latest business results indicate a robust comeback across the industry.
(seafood.vasep.com.vn) On November 12 in Ho Chi Minh City, the Embassy of the Netherlands, in coordination with the Ministry of Agriculture and Environment, organized the Vietnam–Netherlands Business Forum under the theme “Shaping the future of sustainable aquaculture in the Mekong Delta.”
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