Vietnam pangasius exporters optimistic about Thai market in 2023

Published on
January 6, 2023
A pangasius pond in Thailand.

The Vietnam Association of Seafood Exporters and Producers (VASEP) forecasts Thailand will be a favorite destination for pangasius exporters from Vietnam in 2023 due to expected growth in food consumption there.

In 2022, most countries in Southeast Asia, including Vietnam and Thailand, were forced to deal with negative impacts from China’s strict Covid-related regulations, fallout from the Russia-Ukraine conflict, and a slowdown of the global economy.

Despite the turmoil, many Southeast Asian countries recorded higher economic growth and faced less-intense inflation than other regions. The region has become an ideal market for Vietnam's pangasius exports, VASEP said, thanks to its proximity and preferential taxes under regional free trade agreements and bilateral free trade deals ... 

Photo courtesy of SATHIT HUAYSAN/Shutterstock 

Contributing Editor reporting from Hanoi, Vietnam

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