Growth of Vietnam's added-value pangasius exports to the world

In August 2024, Vietnam saw a significant increase in pangasius exports, with a 12% year-on-year increase reaching nearly $191 million. The first eight months of the year also saw a 9% increase in total pangasius exports, reaching nearly $1.3 billion. There was a notable rise in the exports of value-added pangasius products, with a 75% increase in August 2024 and a 38% increase in the first eight months of the year. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) bloc, led by Australia, showed a strong interest in these value-added products. The United States also experienced a significant increase in imports of these products since the beginning of 2024. Thailand, the UK, the Netherlands, China, and Hong Kong were among the major importers of these products, indicating a successful diversification strategy by Vietnamese seafood businesses.

In August 2024, Vietnam's pangasius exports reached nearly $191 million, a 12% increase compared to August 2023. Accumulated pangasius exports in the first eight months of this year reached nearly $1.3 billion, a 9% increase year-on-year. Notably, value-added pangasius products reached nearly $6 million in August 2024, a significant 75% increase, and $27 million in the first eight months of this year, up 38% compared to the same period last year. Exports of value-added pangasius to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) bloc exceeded $8 million by the end of August 2024, a 31% increase year-on-year. June 2024 recorded the highest monthly value at over $1.3 million, up 35% compared to June 2023. Australia emerged as the largest consumer of these products within the CPTPP, accounting for 39% of total imports from Vietnam, with a value of over $3 million, representing a 21% year-on-year increase. The United States has consistently increased ...