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This research demonstrates results of analysing the catfish value chains at Dong Thap province. With a convienent surveyed sample of 39 catfish spawn raising firms, 50 catfish rasing households and 7 firms of purchasing and processing catfish for export at 3 districts: Chau Thanh, Thanh Binh and Cao Lanh of Dong Thap province, the research has found that each chain has its added value, but when basing on advantage and profit over investment capital, the best chain is the purchase and process firms, next is the catfish spawn raising firms, and the final is the catfish raising households.