The Vietnam pangasius industry exported $719.5 million (€579 million) in products to 123 markets worldwide over the first five months of the year, but several factors are squeezing the profit margins of producers in Vietnam.
Most significantly, prices are historically low, Chris December, CEO of pangasius supplier QVD Aquaculture. The company is based in the United States, which took in $146.1 million ($117.6 million) in pangasius imports from Vietnam during the first five months of the year. The next highest importer was Mexico, at $42.4
