News

(seafood.vasep.com.vn) As climate change continues to intensify, Vietnam’s aquaculture industry is facing unprecedented challenges. Among the most affected is the Mekong Delta, where rising temperatures, saline intrusion, and lower water levels are disrupting the delicate ecological balance. In response, many farmers and enterprises are adopting climate-resilient pangasius farming models—marking a promising and sustainable direction for the industry.

(seafood.vasep.com.vn) Vietnam’s pangasius export sector is showing resilience in April 2025, with signs of growth despite looming trade tensions with the United States. However, challenges remain on the horizon, particularly in light of the steep retaliatory tariffs announced by the Trump administration.

(seafood.vasep.com.vn) In March 2025, Vietnam’s pangasius exports to the U.S. reached USD 29 million, down 4% year-on-year. However, total pangasius exports to the U.S. in Q1/2025 amounted to nearly USD 69 million, marking a 6% increase compared to the same period last year. Notably, March recorded the highest export value since the beginning of the year.

The People’s Committee of Dong Thap Province has officially approved the “Management Plan for Commercial Pangasius Farming Zones through 2030, with Vision to 2050.” The plan aims to optimize the utilization of land, technology, and resources; promote sustainable development; adapt to climate change; and enhance the value-added of pangasius products - thereby improving farmers’ income and facilitating the structural transformation of the agricultural sector.

(seafood.vasep.com.vn) Despite a drop in revenue, Vinh Hoan Corporation (HoSE: VHC) reported an 11% year-on-year increase in net profit for Q1 2025, reaching nearly VND 211 billion, driven by lower farming costs and improved selling prices.

(seafood.vasep.com.vn) According to data from Vietnam Customs, in March 2025, Vietnam’s pangasius exports reached USD 182 million, up 21% from the previous month and 16% year-on-year. Robust demand from Vietnam’s two key export destinations - the United States and China - continues to play a pivotal role in driving the outbound flow of pangasius products beyond national borders.

(seafood.vasep.com.vn) A total of 40 finalists have been selected for the Seafood Excellence Global Awards 2025, to be held during the Seafood Expo Global in Barcelona, Spain, from May 6 to 8, 2025.

As of March and the first quarter of 2025, the fisheries sector has recorded positive growth in both aquaculture and capture fisheries.

In February 2025, the total aquaculture area across Vinh Long Province reached 1,987 hectares, of which 298.6 hectares were dedicated to industrial pangasius farming.

Beyond frozen pangasius fillets, value-added products like fish cakes, fish balls, and peeled IQF shrimp can meet the demand for convenience in urban supermarkets and restaurants. Compared to premium products from Chile or the EU, Vietnamese seafood offers a price advantage, enabling market share expansion as Brazil prioritizes affordable imports.

Navico, or Nam Viet Joint Stock Company, stands as one of Vietnam's pioneering enterprises in the farming, processing, and export of aquatic products, particularly pangasius (catfish). Established in 2000 in An Giang Province – the largest aquaculture hub in the Mekong Delta – Navico has solidified its position in the international market through superior product quality and a commitment to sustainable development. On April 4, 2025, Navico signed a green trade credit agreement with United Overseas Bank (Vietnam) (UOB Vietnam), marking a significant milestone in its journey toward green transformation.

Vietnam’s pangasius industry is poised for a promising outlook in 2025, driven by rising export demand. According to a Rabobank report, pangasius is among the fastest-growing seafood species, with global production projected to increase by 7% year-over-year, reaffirming Vietnam's position as the world's largest producer.

According to the Board of Directors' report, IDI successfully maintained its traditional customer base in 2024 while expanding into high-potential markets, particularly the United States, benefiting from a significant reduction in anti-dumping duties.

Currently, many households in the suburbs of Ca Mau City are implementing a fairly effective pangasius farming model, bringing in a stable source of income. Unlike the industrial scale in other provinces in the region, the pangasius farming model here is quite simple, low-cost, and is considered a promising direction for farmers.

Vĩnh Hoàn Corporation (stock code: VHC – HoSE) has outlined an ambitious business plan for 2025, targeting revenue of VND 13,800 billion (up 10.3% from 2024) and after-tax profit of VND 1,500 billion (up 22.3%). This follows a successful 2024, where the company recorded revenue of VND 12,513 billion (exceeding 109% of the plan) and after-tax profit of VND 1,226 billion (surpassing 123% of the VND 1,000 billion profit target). The 2025 Annual General Meeting of Shareholders is scheduled for April 24 in Ho Chi Minh City to discuss these plans.


SPECIALIST ON
PANGASIUS MARKET

Ms Phuong Linh

Email: phuonglinh@vasep.com.vn

Tel: +84.24.3771.5055 (ext. 214)

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