Vietnam’s pangasius exports set for growth amid global competition

21:50 | 17/03/2025 Trade Follow Ven.vn on

Vietnam’s pangasius industry is poised for continued growth despite increasing competition from other countries, according to experts from the Vietnam Association of Seafood Exporters and Producers (VASEP).

In the first half of February 2025, pangasius exports reached more than 75 million USD. (Photo: dotip.dongthap.gov.vn)

In the first half of February 2025, pangasius exports reached more than US$75 million (Photo: dotip.dongthap.gov.vn)

Notably, the sector stands to benefit from the US imposing high tariffs on Chinese tilapia, creating a major opportunity for Vietnamese pangasius to expand its market share. Export prices are also expected to remain strong throughout 2025, particularly during the year-end peak season.

A 2025 global aquaculture forecast by Rabobank projects that Vietnam’s pangasius production will rise by approximately 7% year-on-year. The country continues to dominate as a leading supplier, with both production and export revenue in 2024 showing impressive growth. While China, India, and Indonesia are stepping up their competitive efforts, Vietnam remains well-positioned, partly due to shifts in US trade policies.

In Indonesia particularly, prolonged El Niño effects from 2023 through mid-2024 have severely impacted the country’s pangasius output. Local processing and exporting firms are also facing intense competition amid weakened consumer demand.

Capitalizing on favorable market conditions, Vietnamese exporters are increasingly focusing on value-added processed products—a segment experiencing rising global demand. Meanwhile, pangasius export prices are projected to maintain steady growth from late 2024 into early 2025, reinforcing an optimistic outlook for the industry.

According to Vietnam’s Customs Department, pangasius exports in the first half of February 2025 reached over US$75 million, a remarkable 118% increase year-on-year. As of February 15, total pangasius export revenue had surpassed US$208 million, up 5% from the same period in 2024. China, the US, and Brazil remain the top three importers, although shipments to China declined by 8% compared to last year.

Additionally, Malaysia has emerged as a steadily growing market in recent years, supported by key trade agreements such as the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Vietnam currently holds a dominant position as Malaysia’s largest frozen pangasius supplier, accounting for 95% of the country’s total imports.

Phu Quy

Source: kinhtedothi.vn

See more news

Measures sought to reach 65 bln USD in agro-forestry-fishery export

17:03 | 09/04/2025 Trade

To achieve its goals, the Ministry of Agriculture and Environment has rolled out eight key tasks and solutions, focusing on accelerating administrative reform; advancing sectoral restructuring; promoting digital transformation and innovation; expanding domestic and international markets.

Smoked buffalo meat: Highland flavors, lasting traditions

15:30 | 09/04/2025 Trade

(VEN) - A Thai ethnic woman has turned a traditional dish into a stable livelihood for her family amid the challenges of the modern market.

Vietnam’s wood exports surge in early 2025, but face mounting headwinds

11:29 | 08/04/2025 Trade

Generating tens of billions of dollars in export revenue, Vietnam’s wood industry is now bracing for a tariff storm, as the United States is set to impose a 46% reciprocal tariff on Vietnamese goods.

Vietnam focuses on exporting high-value agricultural products to Northern European market

19:14 | 07/04/2025 Trade

According to the Vietnam Trade Office in Sweden, which is also in charge of Norway, Denmark, Iceland, and Latvia, in the context of the US imposing reciprocal tariffs on imports from many countries, Vietnam should expand its exploitation of the Northern European agricultural, forestry and fishery market.

Urgent solutions for Vietnam’s durian export problem

18:09 | 07/04/2025 Trade

In Tien Giang Province, where durian is a key export, stakeholders are calling for urgent solutions to ensure the sector can adapt and remain competitive.

VASEP proposes negotiation plan with the US on reducing tariffs on seafood products

22:08 | 05/04/2025 Trade

The Vietnam Association of Seafood Exporters and Producers (VASEP) has submitted an official document to the Prime Minister and the Ministries of Foreign Affairs, Agriculture and Environment, Finance, and Industry and Trade regarding the US announcement of reciprocal import tariffs of up to 46% on goods imported from Vietnam. VASEP also proposed a negotiation plan with the US to reduce tariffs on seafood products.

Agro-forestry-aquatic product exports increase over 13% in first quarter

16:45 | 01/04/2025 Trade

According to the Ministry of Agriculture and Environment, Vietnam recorded a trade surplus of 4.4 billion USD in agro-forestry-aquatic products in the first quarter, up 13.1% compared the same period last year.

Finding long-term strategies for Vietnam’s fruit and vegetable exports

11:41 | 01/04/2025 Trade

Without a comprehensive strategy to enhance production chains and meet partner demands, Vietnam’s fruit and vegetable exports may struggle to achieve their targets.

Addressing bottlenecks in Vietnam’s halal exports

17:56 | 31/03/2025 Trade

Despite its vast potential, Vietnam’s Halal food exports are still in the early stages of development, said experts.

Vietnam, Brazil set sights on US$15 billion trade target by 2030

20:17 | 30/03/2025 Trade

President Lula da Silva and Prime Minister Pham Minh Chinh pledged to create favorable conditions for bilateral trade to reach US$15 billion by 2030 during the Brazil-Vietnam Economic Forum in Hanoi on March 29.

Latest Most Read

Historical significance of International Workers’ Day

09:22 | 28/04/2025 Society

(VEN) - Every year, workers around the world celebrate the International Workers’ Day on May 1 - a great festival of the working class and working people around the world. This is not only a holiday, but also a moment to look back upon the journey of struggle, dedication and growth of the labor force - the backbone of every economy.

Imexpharm sets breakthrough growth goals at 2025 shareholders meeting

10:00 | 27/04/2025 Vietnamese Brands

At the 2025 Annual General Meeting of Shareholders (AGM), Imexpharm approved its 2025 growth plan, targeting total revenue of VND2,981 billion and profit before tax of VND 493.5 billion - representing year-on-year increases of 18.6% and 22.1%, respectively.

Streamlining State apparatus to expand development space

13:31 | 26/04/2025 Society

(VEN) - After the reorganization of its administrative structure, Vietnam is expected to reduce the number of provincial-level administrative units by 50 percent and commune-level units by 60-70 percent, making the state management apparatus leaner, stronger and more efficient, and expanding new development space for localities.

Vietnam-Laos relations vital to revolutionary cause in each country: State leader

10:05 | 26/04/2025 Cooperation

The relationship between Vietnam and Laos is an invaluable asset and crucial to the revolutionary cause of both countries, State President Luong Cuong affirmed while meeting former high-ranking leaders of Laos in Vientiane on April 25 as part of his two-day state visit to Laos.

US calls tariff talks with Vietnam productive

09:02 | 26/04/2025 News and Events

US Trade Representative Jamieson L. Greer had a productive virtual meeting with Vietnamese Minister of Industry and Trade (MOIT) Nguyen Hong Dien to discuss the US-Vietnam bilateral trade relationship, the Office of the United States Trade Representative (USTR) announced on April 24.

Smoked buffalo meat: Highland flavors, lasting traditions

15:30 | 09/04/2025 Trade

(VEN) - A Thai ethnic woman has turned a traditional dish into a stable livelihood for her family amid the challenges of the modern market.

Vietnam acts fast to shield seafood exports amid US tariff

16:57 | 09/04/2025 Economy

In 2024, Vietnam’s seafood exports exceeded 10 billion USD, with key buyers including China, the US, Japan, the EU, and the Republic Korea. The momentum continued in the first quarter of 2025, with a value of 2.29 billion USD, rising 18.1% year-on-year

Measures sought to reach 65 bln USD in agro-forestry-fishery export

17:03 | 09/04/2025 Trade

US reciprocal tariffs spark supply chain concerns

17:17 | 09/04/2025 Economy

A leader of the Vietnam Leather, Footwear and Handbag Association (Lefaso) highlighted that a 46% tariff would severely affect an industry employing over 1.2 million workers, 90% of whom are women.

Soc Trang province intensifies efforts to clamp down on illegal fishing

17:34 | 09/04/2025 Society

Since 2023, no vessel exceeding 24 metres has disconnected its tracking systems for more than six hours, and no vessel has lost connections for more than ten days. Particularly, no local vessels have been caught fishing illegally in foreign waters.

Multimedia

Video Longform Infographic Photo

Proposed names for 34 provincial-level administrative units after mergers

16:42 | 16/04/2025 Infographic

On behalf of the Party Central Committee, on 12 April 2025, Party General Secretary To Lam signed and issued Resolution No. 60-NQ/TW of the 11th plenum of the 13th Party Central Committee. The Central Committee agreed on a policy to restructure provincial-level administrative units across the country, reducing the total to 34 units, comprising 28 provinces and 6 centrally governed cities.

Vietnam-China Comprehensive Strategic Cooperative Partnership

15:55 | 14/04/2025 Infographic

General Secretary of the Communist Party of China Central Committee and President of China Xi Jinping is paying a State visit to Vietnam from April 14-15. This marks his fourth State visit to Vietnam as General Secretary and President of China, and his second visit within the same term. The visit coincides with the 75th anniversary of diplomatic relations between the two countries. It aims to strengthen the Vietnam-China Comprehensive Strategic Cooperative Partnership and elevate bilateral ties to a new height.

Vietnam's economy thrives in Q1 2025

16:45 | 12/04/2025 Infographic

In the first quarter of 2025, Vietnam’s economy showed signs of recovery, with several key indicators recording strong growth despite ongoing global uncertainties.

Infographic: Gold prices fluctuate following US retaliatory tariff announcement

21:45 | 04/04/2025 Infographic

On April 4, global gold prices fluctuated significantly, trading at 3,085 USD per ounce after US President Donald Trump announced new retaliatory tariffs on goods from different countries. In the domestic market, SJC gold bars and rings both saw a decline, trading at 101.3 million VND and 101.2 million VND per tael respectively.

Seven key missions of the National Data Association

20:07 | 30/03/2025 Infographic

The National Data Association has made its official debut and successfully held the 1st National Congress (2025-2030 term)in Hanoi recently.

Policy

14th National Party Congress’s draft documents more revolutionary, action-oriented, highly feasible: PM

16:31 | 16/04/2025 Policy

In the political repor, along with adding the learned lessons and forecasting the context and situation, it highlights the following viewpoints: ensuring development for stability, and stability for rapid and sustainable development of the country; promoting the comprehensive building and improvement of institutional frameworks for fast and sustainable development; addressing bottlenecks and obstacles in a timely and decisive manner; and unlocking all resources and mobilising all drivers of growth.

Party chief requires no disruptions to operations throughout restructuring process

16:12 | 14/04/2025 Policy

Party General Secretary To Lam noted that priority will be given to finalising guiding documents, amending the 2013 Constitution, and improving legal institutions and regulations to establish a robust legal framework for effective organisational apparatus streamlining.

District-level local governments to cease operations from July 1: draft law

16:53 | 13/04/2025 Policy

Vietnam's local government model will be restructured from a three-tier system to a two-tier one, with the district level eliminated.

Australian scholar praises Vietnam’s remarkable 50-year transformation

16:28 | 12/04/2025 Policy

Vietnam must always be able to evaluate its own strengths and weaknesses while pursuing a long-term strategic vision. The country can learn from other countries, but it must always pursue its national interests. This requires unity among the population, political stability, constant adaptability and critical innovation.

Industry & Trade

Hanoi to develop 254-million-USD industrial cluster

21:13 | 19/04/2025 Industry

Until 2030, Hanoi looks to have 159 industrial clusters covering a total area of 3,204 ha, expand five clusters established between 2017 and 2020 with a total area of about 45 ha, and build 21 new ones covering about 536 ha.

Vietnam sets ambitious targets in revised national power development plan

18:56 | 17/04/2025 Industry

The Vietnamese government has officially revised the eighth national power development plan, setting bold targets for electricity production and renewable energy adoption through 2050.

Prime Minister urges COMAC to support Vietnam in developing aviation industry

17:12 | 14/04/2025 Industry

The PM said that the Party and State of Vietnam always encourage major enterprises, representing high levels of science and technology of China, to participate in new investment projects and expand investments in the fields of road, railway and aviation infrastructure in Vietnam.

Steel industry seeks solutions amid tariff "shock"

17:12 | 13/04/2025 Industry

In the midst of the United States’ tariff “storm”, Vietnamese steel has been excluded because it has been already subjected to a 25% tariff since 2018. Nevertheless, over-optimism is ill-advised, as other countries facing barriers to the US market may redirect their low-priced steel to Asia and Vietnam, creating significant pressure on domestic steel.

Investment

Ho Chi Minh City’s FDI rebound attracts high-tech giants

21:23 | 19/04/2025 Investment

Foreign direct investment (FDI) in Ho Chi Minh City has recently rebounded after a period of stagnation, with several major high-tech companies unveiling plans to invest in the southern hub, driven by the city's improved investment climate.

Korean firms encouraged to invest more in Vietnam’s energy sector

16:31 | 15/04/2025 Investment

The NA Vice Chairwoman praised KEPCO’s ongoing contributions to Vietnam’s energy landscape and encouraged the company to continue its role as a major investor, supporting the country’s technological advancement and energy development.

Public investment aimed to drive Vietnam’s economic growth

10:48 | 15/04/2025 Investment

(VEN) - Vietnam’s public investment disbursement in Q1/2025 showed positive signs, yet achieving the 95-percent disbursement target for the year remains a challenge.

Hue calls for investment in the Chan May – Lang Co Economic Zone

23:36 | 11/04/2025 Investment

The central city of Hue is calling for investment in many key projects within the Chan May – Lang Co Economic Zone for the period of 2025–2026, aiming to give a facelift to its important southern economic region.

Finance-Banking

Remittances to HCM City reach over 2.41 billion USD in first quarter

08:21 | 20/04/2025 Finance-Banking

Remittances to Ho Chi Minh City maintained a positive growth rate in the first three months of 2025, reaching over 2.41 billion USD, accounted for 25.3% of the total for the entire year 2024 and marking an increase of 19.6% compared to the previous quarter.

National committee meets to accelerate ODA, concessional loan disbursement

14:43 | 15/04/2025 Finance-Banking

Deputy Prime Minister Bui Thanh Son has underscored the need to improve processes, streamline procedures, and capitalise on financial resources to support national development.

Vietnam accelerates rollout of 500 trillion VND credit package for infrastructure and technology firms

15:36 | 12/04/2025 Finance-Banking

The State Bank of Vietnam (SBV) held a meeting in Hanoi on April 10 to implement the Government’s directive on lending to businesses investing in infrastructure and digital technology.

Hong Kong paves way for Vietnam–China finance link

19:25 | 10/04/2025 Finance-Banking

Hong Kong (China) is stepping up its role as a vital financial conduit between Vietnam and China, leveraging its global financial hub status to deepen cross-border cooperation, said Robert Lee, a financial expert and Legislative Council member of Hong Kong.

Environment

Vietnam's carbon market: Prudent approach to avoid costly outcomes

08:53 | 18/04/2025 Environment

According to experts, to ensure a harmonious balance between greenhouse gas (GHG) emissions reduction and economic development, it is essential to explore and assess different scenarios of design and governance options for Viet Nam’s carbon market.

Moc Chau Milk centers on green development and growth

16:06 | 17/04/2025 Environment

(VEN) - The Moc Chau high-tech dairy processing plant operates with a closed-loop production system, comprehensively integrating Industry 4.0 technologies in management and operations. This approach meets international standards, which helps protect the environment, conserves resources, and ensures sustainable development criteria.

Extra efforts requested to address forest fire consequences in Quang Ninh

16:56 | 16/04/2025 Environment

From the night of April 12 to the morning of April 13, two forest fires occurred in Ha Long city's Dai Yen ward, and Binh Lieu district's Binh Lieu town, damaging over 40 hectares of forests.

Hanoi to host major green growth summit this month

16:44 | 11/04/2025 Environment

Vietnam's hosting the fourth Partnership for Green Growth and the Global Goals 2030 (P4G) Summit reflects its push to meet climate commitments, slash emissions, and shift its growth model with global support.

Science - Technology

PM applauds youth entrepreneurship at National Startup Day for Students

21:40 | 20/04/2025 Science - Technology

Since its inception seven years ago, Project 1665 has achieved significant milestones. All universities, academies, colleges, vocational schools, and 63 provincial/municipal Departments of Education and Training now have actionable plans to support student entrepreneurship.

Nuclear energy development to facilitate green transition: Conference

22:10 | 18/04/2025 Science - Technology

Deputy Prime Minister Nguyen Chi Dung emphasised that developing atomic energy, including nuclear power, is essential to achieving double-digit economic growth and supporting Vietnam’s green and digital transitions.

HCM City seeks stronger hi-tech cooperation with US, Japan, RoK

16:47 | 15/04/2025 Science - Technology

At the meeting, Director of HCMC C4IR Le Truong Duy shared the city’s vision to establish a world-class public-private technology exchange platform. This hub will serve as a gateway for cutting-edge technologies from the US, Japan, and the Republic of Korea to enter Vietnam, enabling collaborative innovation and creating valuable tech products for the global market.

Da Nang, RoK to train next generation of Vietnamese software experts

13:24 | 11/04/2025 Science - Technology

The collaboration between Vietnam – Korea University of Information and Communication Technology (VKU) and the Korea SMEs and Startups Agency (KOSME) leverages the robust infrastructure and networks of both sides to advance software talent development in Vietnam.

Society

Historical significance of International Workers’ Day

09:22 | 28/04/2025 Society

Streamlining State apparatus to expand development space

13:31 | 26/04/2025 Society

Vietnam steadily marches into new era of growth

16:35 | 21/04/2025 Society

(VEN) - Half a century has passed since the historic moment of April 30, 1975, when Vietnam was reunified. The nation, united in joy, is steadily marching into a new era of growth with national aspiration.

Workers proactively enhance productivity in new era

15:32 | 21/04/2025 Society

(VEN) - In the context of a rapidly transforming economy driven by the 4th Industrial Revolution, improving labor productivity is not only an urgent requirement for every business, but also a personal responsibility for each worker.

Vietnamese Brands

Imexpharm sets breakthrough growth goals at 2025 shareholders meeting

10:00 | 27/04/2025 Vietnamese Brands

Petrovietnam: New milestone - New vision for sustainable development

16:21 | 21/04/2025 Vietnamese Brands

(VEN) - With a strong determination to “innovate from the core” for sustainable development in the future, Petrovietnam has officially adopted its new designation as the Vietnam National Industry - Energy Group.

Vietnam Oil and Gas Group renamed Vietnam National Industry - Energy Group

22:18 | 10/04/2025 Vietnamese Brands

With this new name, Petrovietnam reaffirms that it is no longer solely a traditional oil and gas enterprise. It now positions itself as a national hub for industrial development, service innovation, and energy security, and is committed to sustainable development, technological modernisation, and ensuring energy stability for the nation.

Vietnamese enterprises float products at world's largest startup fair in India

21:59 | 05/04/2025 Vietnamese Brands

Startup Mahakumbh 2025 is expected to help Vietnamese firms learn startup and digital transformation initatives from India and other countries, access innovation experiences of leading global enterprises, and introduce their startup products to the world.

Culture

Vietnamese cultural values introduced to international friends in Mexico

20:55 | 30/03/2025 Culture

Diverse and distinctive cultural values of Vietnam are promoted at the "Vietnam Culture Day" event held from March 29-30 in Mexico City, attracting representatives from diplomatic corps and local authorities, international friends, and local residents.

Hung Kings’ Festival 2025: a grand celebration of culture and heritage

15:21 | 30/03/2025 Culture

According to the organising committee, these two major events will feature various unique activities that embody the heroic spirit of the Hung Kings era while maintaining a connection to contemporary society.

Vietnam works to seek UNESCO status for Binh Dinh martial arts

18:00 | 29/03/2025 Culture

Deputy Prime Minister Mai Van Chinh has approved the submission of a proposal to the UNESCO for the inclusion of "Binh Dinh Traditional Martial Arts" in the Representative List of the Intangible Cultural Heritage of Humanity.

Nghe An to host ASEAN exhibition this May

16:47 | 24/03/2025 Culture

The beauty of ASEAN’s people and landscapes will be on show from May 10 to May 20 at an exhibition held in Nghe An province.

Tourism

Digitization key to tourism breakthroughs

09:15 | 24/04/2025 Tourism

(VEN) - The increasing competitive pressure is forcing businesses in the tourism industry to innovate their business models and enhance service quality to keep up with current trends, focusing on key criteria, such as safety, personalized experiences, and technological convenience.

Highland products, soul of Son La’s community-based tourism

09:34 | 17/04/2025 Tourism

(VEN) - Son La Province – a majestic land in the Northwestern highlands of Vietnam – captivates visitors not only with its pristine natural beauty, but also with its distinctive local specialties. However, amid the flourishing wave of community-based tourism, there are still gaps in integrating highland products as essential parts of the tourist journey.

Vietnam’s scenic landscapes attract Hollywood filmmakers

15:15 | 30/03/2025 Tourism

With its breathtaking landscapes, filmmaker-friendly policies, and a clear strategy for industry growth, Vietnam is poised to become a major hub for film tourism.

Positioning unique tourism products to enhance attractiveness of Vietnamese cities

17:56 | 29/03/2025 Tourism

The meeting provided a valuable opportunity for Vietnamese members to share experience and best practices in tourism management while enhancing collaboration with international counterparts. By hosting this prestigious event, Hanoi reaffirmed its proactive role in driving connectivity and sustainable tourism growth.

Vietnam’s pangasius exports set for growth amid global competition

See also

See more news

Multimedia