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Friday, July 19, 2024

Vietnam’s pangasius exports rebound

The Saigon Times

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HCMC – Pangasius fish had contributed US$1.4 billion to the country’s export revenue as of the end of September, indicating signs of recovery, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Despite a 31% drop compared to the same period last year, pangasius exports to key markets such as China, the U.S., Mexico, Brazil, the Netherlands and the U.K. have steadily increased.

In September alone, pangasius exports saw a year-on-year increase of 9%, contributing to overall growth in Vietnam’s aqua-product exports to major markets, with growth rates ranging from 4% to 17% compared to the previous year.

According to VASEP, China and Hong Kong are the largest buyers of Vietnamese pangasius, having spent US$378 million importing pangasius-related products from Vietnam in the first eight months.

The U.S. follows closely behind, with US$184 million spent on pangasius imports from Vietnam during the same period. Vietnam’s pangasius exports to EU markets have achieved double-digit growth compared to last year.

VASEP highlighted that the recovery in major export markets is a positive sign for exporting businesses, with the potential to boost export revenue in the remainder of the year.

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