VIETNAM'S CATFISH (PANGASIUS) INDUSTRY SHINES IN GLOBAL TRADE 2024

 Vietnamese catfish (pangasius) exports are thriving. As of November 2024, the export turnover reached $1.8 billion, marking a 10% year-on-year increase. Mainland China and Hong Kong (China) continued to dominate as the largest export markets, with November exports hitting $50 million, up 27%.

The U.S. ranked second, with a cumulative 11-month export value of $317 million, showing a strong 26% growth. Exports to CPTPP markets totaled $248 million, led by Mexico, while the EU, Việt Nam's fourth-largest market, imported nearly $161 million by November.

With steady growth across regions, Vietnamese catfish exports are on track to achieve the $2 billion target. VASEP credits the appeal and competitiveness of pangasius but urges businesses to innovate to tackle global competition.