Opportunity for Vietnamese pangasius to go far

Published 2024년 12월 5일

Tridge summary

The Mekong Delta in Vietnam is developing pangasius farming to advanced levels, with professional farming areas and a production area of 5,700-6,000 hectares. The industry is expected to reach a target of 2 billion USD in export turnover in 2024, with an estimated production of 167 million tons. The industry is concentrated in Dong Thap, one of the key provinces, which has 27 enterprises processing and exporting frozen pangasius. The industry has potential for growth in 2025 due to a decrease in the output of competing white fish species. To expand in the market, businesses need to focus on quality and seek opportunities in new export markets, including the Halal market. Understanding and complying with Halal standards is crucial for businesses looking to expand.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Key industry prospects Pangasius is considered a key product of Vietnam in general and the Mekong Delta in particular. In recent times, people in the Mekong Delta have developed pangasius farming to a new level, with the formation of farms. Many professional farming areas have applied science and technology. Ms. To Thi Tuong Lan, Deputy General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), forecasts that pangasius export turnover in 2024 may reach the target of 2 billion USD. The peak season at the end of the year is an opportunity for businesses to improve export prices. The pangasius farming area in the Mekong Delta currently ranges from 5,700-6,000 hectares, concentrated in the localities of Dong Thap, An Giang, Vinh Long, Can Tho, and Ben Tre. In particular, Dong Thap is one of the key provinces of the pangasius farming and processing industry. The locality also identified the pangasius industry as one of the five key industries that ...

Source: VNRuralEconomics