400 Vietnamese businesses speed up the sale of a fish species to China, earning nearly 700 million USD

According to statistics of the General Department of Customs, by the end of October 2022, pangasius exports earned nearly 2.2 billion USD in foreign currency, an increase of 80% over the same period in 2021, of which the Chinese market alone accounted for 30% with about 654 million USD, up 110%. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), from 2020 to now, China has maintained its position as the No. 1 pangasius import market of Vietnam, surpassing the US market. Compared to the import markets of Vietnamese pangasius, China has always maintained the highest growth, with sales increasing by more than 2 times over the same period last year. Currently, Vietnam has more than 400 enterprises exporting pangasius to the Chinese market. The leading enterprises in this market include Vinh Hoan Joint Stock Company accounting for over 16% of pangasius turnover to China, East Sea Company Limited accounting for nearly 6%, Van Duc Tien Giang Import-Export ...