Pangasius

Dong Thap Province Creating a large-scale specialized production area for pangasius farming
08:42 05/27/2022

(seafood.vasep.com.vn) At the Annual shareholders meeting of 2021, CL-FISH CORP said, the company had planned to reach net revenue of 1,400 billion VND and profit before tax of 80 billion VND. However, it only achieved 86.6% and 59.7% respectively of the target. The company had also set a target of exporting 17,000 tons of finished pangasius with a total value of 40 million USD, but the actual result in 2021 only achieved 61% and 62.5% of the plan.

(VAN) An Giang province aims to create a breakthrough for the pangasius industry by attracting high-tech investment in production and processing.

(seafood.vasep.com.vn) In the last week of April 2022, 28 seafood enterprises, including 9 pangasius exporters set out to attend the 2022 Seafood Expo Global in Barcelona (Fira Barcelona Gran Via, Spain). This is an opportunity for pangasius enterprises to directly meet customers from countries around the world and the EU after more than 3 years of Covid-19 disrupting the seafood trade.

(seafood.vasep.com.vn) Cuu Long Fish Joint Stock Company (CL-FISH CORP) reported a net profit of nearly 6 times that of the same period last year, at VND 71 billion.

(seafood.vasep.com.vn) The total export value of Vietnam pangasius in the first quarter of 2022 increased by nearly 90% compared to the same period last year. In most major import markets, pangasius export value is growing positively by two to three digits.

(seafood.vasep.com.vn) NAVICO will enter the real estate segment and start exporting pangasius products to the US market, which is expected to bring in great revenue and profit for the company.

(seafood.vasep.com.vn) The new factory of IDI Corp with a capacity of 500 tons/day is expected to be built in the fourth quarter of 2022. Currently, IDI Corp has two factories with the capacity of 150 tons/day and 300 tons/day, respectively. The factories have been operating at full capacity but have not yet met customer demand in late 2021 and early 2022.

(seafood.vasep.com.vn) At the end of the first quarter of 2022, IDI CORP (IDI - HOSE) is expected to reach a revenue of more than 1,000 billion VND and an after-tax profit of 200 billion VND. This is the record level of quarterly profit of the company.

(seafood.vasep.com) Pangasius and shrimp exports of Vietnam have recorded recovery after 2 consecutive years of Covid-19 outbreak. Major markets include US, EU, UK, China…

(seafood.vasep.com.vn) Vietnam's pangasius exports this year have shown a spectacular revival, reaching a turnover of $384.8 million in the first two months of the year, a sharp increase of 93.6% over the same period last year. 

(seafood.vasep.com.vn) On March 21, 2022, Federal Register issued an announcement of the US Department of Commerce about the final results of the administrative review of anti-dumping tax (POR17) on frozen pangasius imported from Vietnam in the period from August 1, 2019 to July 31, 2020. During this review, NTSF SEAFOOD enjoys a 0% anti-dumping tax when exporting frozen pangasius fillets to the US.

(seafood.vasep.com.vn) Ms. Nguyen Ngo Vi Tam has been with Vinh Hoan Corp. since 2003, experienced many positions from sales officer, sales manager to deputy general director before being appointed general director in 2016.

(seafood.vasep.com.vn) Vinh Hoan Corp announced February revenue of 1,075 billion VND, increased by 137% compared to the same period last year and 30% compared to last month (including Sa Giang Co., Ltd).

(seafood.vasep.com.vn) After two consecutive years of decline in pangasius exports to the EU, the number of Vietnamese enterprises getting away from this market has upsurged. Even before the outbreak of Covid-19 in the EU, this market did not seem promising as exports fell to negative levels for several months in a row. However, a positive outlook for trade with this market starting is ahead for 2022.


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