(seafood.vasep.com.vn) In February 2024, Vietnam pangasius exports to China and Hong Kong decreased by 65% compared to February 2023, reaching 23 million USD.

(seafood.vasep.com.vn) According to data from Vietnam Customs, in February 2024, pangasius export turnover reached more than 90 million USD, down 42% compared to the same period last year.

(seafood.vasep.com.vn) The US Department of Commerce (DOC) recently announced the final results of the 19th anti-dumping tax review (POR19) on frozen pangasius fillets in the United States. Vietnam exports to the United States in the period from August 1, 2021, to July 31, 2022; accordingly, six Vietnamese pangasius export enterprises enjoy low anti-dumping tax rates.

(seafood.vasep.com.vn) Vietnam's pangasius exports in the first month of 2024 receive a "wave" of growth to most main markets.

(seafood.vasep.com.vn) Brazil has officially stopped importing tilapia products from Vietnam since 14 Feb 2024, according to Decision No. 270 dated 09/02/2024 by the Secretariat of Animal and Plant Health and Inspection, Ministry of Agriculture and Food Supply (MAPA). This decision does not affect Vietnamese businesses too much. However, this can be seen as an initial barrier for Vietnamese tilapia products, and could lead to other seafood products in the Brazilian market.

(seafood.vasep.com.vn) Entering 2024, Vinh Hoan Corp showed signs of improvement right from the beginning of the year when it reached a revenue of 921 billion VND, an increase of 102% over the same period last year. Vinh Hoan Joint Stock Company (MCCK: VHC) has just announced its business results for January 2024, with revenue reaching 921 billion VND, an increase of 102% over the same period last year and an increase of 13% compared to December 2023. This is also the highest result in the past 8 months.

(seafood.vasep.com.vn) On the afternoon of February 26, 2024, most stock trading codes of pangasius exporting enterprises increased to the ceiling (purple code, up 7% of frame rate), and at the end of the session, they adjusted to decrease slightly (+6.9–6.95%). The group of seafood stocks on the afternoon of February 26, 2024, became the focus of the market when a series of stocks increased at full amplitude, such as VHC, ANV, and ASM, and a series of other stocks also increased very well. This good news is considered a positive signal after Vietnam's pangasius export turnover to markets recorded record positive growth over the same period.

(seafood.vasep.com.vn) After the Lunar New Year, commercial pangasius production increased, prices increased. Many farmers take advantage of harvesting farming ponds to sell for high profits.

(seafood.vasep.com.vn) Vietnam tilapia exports in 2023 reached more than 6 million USD, down 42% compared to 2022.

(seafood.vasep.com.vn) In 2023, Vietnam's pangasius exports reached 1.8 billion USD, down 25% compared to 2022. In 2023, Vietnam's pangasius exports faced many difficulties because demand declined, especially in the European and Chinese markets. However, in the last months of 2023, exports recorded positive growth, which is a positive signal for the industry in 2024.

(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnamese pangasius exports in 2023 have reached more than 1.8 billion USD, down 25% compared to 2022.

(seafood.vasep.com.vn) In 2023, the world imported nearly 1.8 billion USD of pangasius from Vietnam, down 26% over the same period in 2022.

(seafood.vasep.com.vn) The pangasius market in China is warming up as distributors are switching to stock up, instead of releasing inventories as before.

(seafood.vasep.com.vn) Brazil is the third largest market consumer of Vietnam’s pangasius. For many years, Vietnam has been a supplier of white fish (mainly pangasius) to Brazil.

(seafood.vasep.com.vn) According to the Department of Agriculture and Rural Development of An Giang, the implementation of the 3-level pangasius breeding production project in the Mekong Delta in An Giang currently has investments from 4 enterprises in technology-oriented farming in a high-concentration area of 442.3 ha. Among which, Viet Uc Seafood Corporation has invested 104 ha; Nam Viet Binh Phu Seafood Company Limited has invested 600 ha (including 150 ha for breeding); Loc Kim Chi Development Company Limited with 140 ha; and Vinh Hoan Joint Stock Company with 48.3 ha. These projects are currently underway and put into production, contributing to improving pangasius seed quality in An Giang province.