Vietnam: Pangasius and tilapia markets, seen from China and the United States

The article highlights the opportunities facing Vietnamese pangasius in the international market, particularly in the United States, due to the price increase and supply shortage of tilapia in China. Chinese tilapia prices have surged to 11.40 yuan/kg and 11.20 yuan/kg in Guangdong and Hainan provinces respectively, due to reduced production and cautious investment by farmers. This scarcity has led to a situation of insufficient supply and demand, further driving up prices. In contrast, Vietnamese pangasius, a cheaper alternative, has gained popularity in the Chinese market, finding a place in restaurants and supermarkets. In the United States, the world's largest importer of tilapia, imports have declined due to supply issues from key suppliers, creating a vacuum that Vietnamese pangasius is looking to fill. The article emphasizes the need for Vietnamese pangasius producers and exporters to maintain quality, improve production processes, and focus on branding and marketing to capitalize on these opportunities and compete effectively in the global market.