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Vietnam’s pangasius exports in October 2022 reached the lowest level
14:04 12/01/2022

(seafood.vasep.com.vn) ASEAN is one of the market blocs accounting for a significant proportion of Vietnam's total pangasius exports, and is tending to increase. By the end of September 2022, Vietnam's pangasius exports to ASEAN countries are estimated at more than 152 million USD, accounting for nearly 8% of total pangasius exports.

(seafood.vasep.com.vn) Brazil is among the top 4 largest import markets of Vietnamese pangasius in the first 8 months of 2022. With over $64 million in imports, Brazil accounts for 3.6% of the total pangasius exports, behind China, the US and Mexico.

(seafood. vasep.com.vn) Pangasius exports in the first 8 months of this year reached 1.8 billion USD – an optimistic figure for businesses in this industry. Pangasius exports in the last 3 months have gradually dropped from the peak of 310 million USD in April, but have tended to recover since August.

(seafood.vasep.com.vn) By market, domestic revenue in August increased by 179% to 310 billion VND, the second largest contributor to Vinh Hoan (VHC)'s revenue after the US.

(seafood.vasep.com.vn) According to Vietnam Customs statistics, in the first 8 months of 2021, Vietnam pangasius exports reached over 1.8 billion USD, up 81% compared to the same period in 2021. In which, pangasius exports to the US accounted for 23%, equivalent to 421 million USD, an increase of 87%.

(seafood.vasep.com.vn) The UK is among the top 10 Vietnam’s seafood import markets, accounting for 3% of seafood export value. In the first 8 months of 2022, Vietnam seafood exports to the UK increased by 3.5% to 213 million USD, of which pangasius exports accounted for 47 million USD.

(seafood.vasep.com.vn) Dong Thap Provincial People's Committee has just issued a plan to develop the pangasius industry until 2025. In which, 1,225 hectares of pangasius production will be produced in accordance with the GAP standard and export turnover will reach US$980 million per year.

(seafood.vasep.com.vn) Amicogen Nam Viet Co., Ltd continued to receive additional capital contribution of 38 billion VND from Navico, with the representative of capital contribution being Mr. Doan Toi and Mr. Le Minh Tuan.

(seafood.vasep.com.vn) Although Vietnam pangasius exports in July increased by 47% in comparison to the same period in 2021. It is, however, the lowest export value recorded in the first 7 months of the year.

(seafood.vasep.com.vn) From the 4th position in Vietnam's pangasius import markets in 2021, this year Mexico has risen to the 3rd market, after China and the US. In the first 7 months of 2022, pangasius exports to this market grew by 73%, reaching 73.5 million USD, accounting for 4.5% of Vietnam's pangasius exports.

(seafood.vasep.com.vn) By mid-July 2022, Vietnam pangasius exports to the EU market reached nearly 122 million USD, an increase of 91% compared to the same period in 2021 and surpassed pangasius turnover in 2021 to this market ($106 million). This is a good sign for the pangasius industry after a long period of continuous decline in exports to the EU from 2010 onwards.

(seafood.vasep.com.vn) In the first 6 months of 2022, the total value of Vietnam pangasius exports to China - Hong Kong reached US$427.6 million, up 107% over the same period last year. TG Fishery Holdings Corporation (TG Corp); International Development and Investment Corporation (IDI Corp); CADOVIMEX II Seafood Import-Export and Processing Joint Stock Company are the three enterprises with the largest export value to this market.

(seafood.vasep.com.vn) According to Mr. Nguyen Van Dao - General Director of Go Dang Joint Stock Company (GODACO), in the first half of 2022, export turnover, export volume and revenue of the company are about the same as the first half of 2021.

(seafood.vasep.com.vn) Vietnam's pangasius exports in the first 6 months of the year recorded a growth in almost all major markets. The total export value of pangasius reached 1.42 billion USD, up 82.4% over last year’s same period. However, from Q3/2022, this growth rate is expected to slow down in some markets.

(seafood.vasep.com.vn) Vinh Hoan Corp decided to increase capital contribution at Vinh Hoan Fish Hatchery Co.Ltd by 50 billion VND. Total capital after additional contribution is 148 billion VND, accounting for 98.7% of charter capital. This contributed capital is managed by Mrs. Truong Thi Le Khanh, Chairman of Vinh Hoan's Board of Directors. Previously, Vinh Hoan had two additional capital increases in this company.


SPECIALIST ON
PANGASIUS MARKET

Ms Ta Ha

Email: taha@vasep.com.vn

Tel: +84.24.3771.5055 (ext. 214)

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