Vietnam’s pangasius export: Opportunities and challenges

Published Dec 9, 2024

Tridge summary

The pangasius industry in the Mekong Delta of Vietnam is experiencing positive growth with opportunities for anti-dumping outcomes, reduced inventory levels in key markets, and a balanced supply of raw fish. The industry has faced challenges such as increased production expenses due to rising fuel and input material costs, but has remained resilient through heavy exports investment. Despite facing environmental concerns, most processing and exporting companies are complying with international quality management and food safety standards. The Vietnam Pangasius Association is working towards a 2025 goal of producing approximately 1.65 million tons and achieving an export turnover of USD2 billion, by advancing breeding programs, researching alternative feed ingredients, and improving breeding, raw fish production, and processing techniques.

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Original content

According to Ms. Lan, opportunities for the pangasius industry include positive anti-dumping outcomes, reduced inventory levels in key markets, and a more balanced supply of raw fish compared to 2023. Additional prospects come from the U.S. economic recovery, potential market share increases in smaller markets, and a significant untapped global potential for pangasius products. Ms. Pham Thi Thu Hong, Secretary General of the Vietnam Pangasius Association, stated that over 100 pangasius processing companies are operating nationwide, primarily located in An Giang, Dong Thap, Can Tho, Hau Giang, and Vinh Long. Annual pangasius production exceeds 1.6 million tons. Equipped with modern machinery, these companies meet the stringent standards of demanding markets such as Europe and North America. Raw pangasius consumption remains relatively stable, with the selling price of commercial pangasius (0.7–0.8 kg per fish) ranging from VND26,400 to VND 27,600 per kilogram. At the same time, ...

Source: Vasep