Vietnam’s pangasius (tra fish) industry is enjoying one of its most favourable periods in recent years, with raw fish prices remaining at multi-year highs, generating substantial profits for farmers and providing fresh momentum for seafood processing and exports.
However, to secure sustainable growth amid intensifying competition and increasingly stringent technical barriers in export markets, the billion-dollar industry must address long-standing challenges related to breed quality and disease control.
Positive growth
In the current farming season, Nguyen Van Tuan, a pangasius farmer in An Huu commune of Dong Thap province, invested in a 3,000sq.m farming area. After selling more than 100 tonnes of commercial fish at 33,000 VND (1.25 USD) per kg, he has decided to reinvest in a new production cycle.
According to Tuan, this is the first time in many years that pangasius prices have remained stable at above 30,000 VND per kg for an extended period. With healthy profits after production costs, farmers are increasingly confident about staying in the business.
The strong performance is not limited to fish farming. Seafood processors and exporters have also benefited from rising demand in major markets, including China, the European Union (EU), ASEAN countries and the Middle East.
Nguyen Huu Nghia, Deputy General Director of Go Dang Joint Stock Company, said the company exported more than 15,000 tonnes of seafood products in the first four months of 2026. Pangasius fillets remained its flagship product, generating nearly 40 million USD in export revenue, up 25% year-on-year.
According to Deputy Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Le Hang, pangasius exports exceeded 200 million USD in April, nearly 20% higher than the same period last year and marking another month of double-digit growth. During the first five months of 2026, total pangasius export turnover surpassed 900 million USD, reflecting strong growth momentum for one of Vietnam’s key export commodities.
As one of the country’s strategic aquaculture products, pangasius not only contributes significantly to export earnings but also supports the livelihoods of tens of thousands of households. In 2025, the farming area expanded to more than 5,500 hectares nationwide, producing approximately 1.7 million tonnes and generating nearly 2.2 billion USD in export value.
Addressing issues of breed quality, diseases
Despite these achievements, the sector continues to face major challenges. Seed quality remains a critical issue, while disease outbreaks and climate-related risks have affected production efficiency.
Although the industry currently operates around 2,000 hectares of nursery facilities capable of supplying 4–4.5 billion fingerlings annually, localised shortages occurred during 2024–2025, pushing prices higher and disrupting production chains.
Experts attribute declining survival rates to climate change, erratic weather conditions and increasingly complex disease patterns. In some periods, survival rates of juvenile fish fell to just 5–15%, while high mortality was reported in fish younger than 30 days.
Tran Huu Phuc, Deputy Director of the Southern Freshwater Aquaculture Research Centre under the Vietnam Fisheries Science Institute, stressed the need to improve breeding through a combination of genetics, nursery technology and nutrition. He said traditional breeding methods should be integrated with gene technology to improve accuracy and maintain genetic gains, while hatchery management should be restructured with stricter environmental and biosecurity controls.
Meanwhile, Dong Thap province, which accounts for around 35% of the country’s pangasius output with some 2,500 hectares of farming ponds, is accelerating the restructuring of its industry through high technology. Local authorities are promoting improved broodstock, digital transformation, AI-assisted feeding systems and environmental management robots, while also researching salt-tolerant pangasius to expand farming areas.
With continued policy support, technological innovation and close coordination among authorities, businesses and farmers, Vietnam’s pangasius industry is expected to make a strong and sustainable breakthrough during the 2026–2030 period, reinforcing its position as the world’s leading exporter of the fish./.
(seafood.vasep.com.vn) With continued policy support, technological innovation and close coordination among authorities, businesses and farmers, Vietnam’s pangasius industry is expected to make a strong and sustainable breakthrough during the 2026–2030 period, reinforcing its position as the world’s leading exporter of the fish.
(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s tilapia exports to Asian markets showed varying trends across regions and countries. The Middle East recorded strong growth, with Saudi Arabia emerging as the largest Asian market for Vietnamese tilapia. ASEAN markets also expanded significantly, driven primarily by Malaysia. Meanwhile, Japan maintained solid growth, while exports to South Korea declined compared to the same period in 2025.
(seafood.vasep.com.vn) Shrimp and pangasius continued to lead growth, helping seafood exports reach $4.67 billion in the first five months of the year; however, differentiation among product groups and increasingly stringent requirements from importing markets are posing many challenges for the industry.
(seafood.vasep.com.vn) Every day, the seafood processing industry in Ca Mau generates large quantities of shrimp heads and shells during processing operations. In the past, these by-products were largely treated as waste, increasing production costs and posing potential environmental risks. However, thanks to advanced processing technologies, materials once considered waste are now being transformed into high-value products, creating a circular economy model within the seafood industry.
(seafood.vasep.com.vn) Vietnam Clean Seafood Corporation has invested in a 280-hectare super-intensive shrimp farming zone in Tran De Commune, Can Tho City, generating export value of approximately VND 3 billion per hectare per year—around 50 times higher than traditional agricultural production.
(vasep.com.vn) Vietnam’s seafood exports reached USD 1.02 billion in May 2026, up 0.6% year-on-year. Cumulative exports in the first five months of 2026 totaled USD 4.67 billion, an increase of 11% compared to the same period in 2025.
(seafood.vasep.com.vn) In a rapidly changing global seafood market, timely insights and reliable data are more critical than ever. The Report on Vietnam Seafood Exports in Q1/2026 provides a comprehensive overview of the latest developments in Vietnam’s seafood production, trade performance, and export trends, helping businesses navigate uncertainty and identify new growth opportunities.
(seafood.vasep.com.vn) While many major markets continue to experience slow growth, Russia has emerged as a brighter destination for Vietnamese tuna exports in early 2026. Export turnover to this market increased by nearly 55% in the first four months of the year, indicating a clear improvement in demand. Nevertheless, Russia remains a market that should be viewed with both optimism and caution.
(seafood.vasep.com.vn) Vietnam’s pangasius exports have shown encouraging signs of recovery in 2026. In the first four months of the year, total export turnover reached USD 720 million, up 17% compared to the same period last year. This result reflects improving demand across many markets, as well as the efforts of Vietnamese pangasius enterprises to maintain production, secure orders, and adapt to changing market conditions.
(seafood.vasep.com.vn) In the first four months of 2026, Vietnam’s tilapia exports reached USD 49 million, up 151% compared to the same period in 2025. This impressive growth reflects positive momentum in the tilapia sector, with Brazil emerging as a key driver of growth, while frozen tilapia fillets continued to be the industry's leading export product.
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