A 7.3% increase in sales of Vietnamese pangasius was recorded in England in the first half of 2020 despite COVID-19 pandemic.
According to the Việt Nam Association of Seafood Exporters and Producers (VASEP), the first half of 2020 saw a 15.2 % increase pangasius exports to England year on year, reaching $31.7% million. This is recorded as the most positive growth among the top 10 importers of Vietnamese pangasius in the first six months this year.
The selling prices of pangasius to England ranged between 2.98 and 3.98 USD/kg, which were the most attractive prices in the first half of 2020. If this remains in the next two quarters, exports to England may increase by 10% this year.
According to businesses, they will adopt strategies to promote the image of pangasius in big markets, especially the EU when EVFTA becomes effective with multiple tariff benefits.
Furthermore, they will boost their online trade to seek for more markets and partners. Pangasius export value is forecasted to reach approximately $1.6 billion in 2020.