News

(seafood.vasep.com.vn) After a long period of precarious output, prices dropped, recently the price of commercial pangasius has increased. Both enterprises and farmers raising this type of fish in Tien Giang province are excited by the good profit and speed up production.

(seafood.vasep.com.vn) On January 29, Head of Trade at the Vietnamese Embassy in Pakistan Nguyen Thi Diep Ha personally made deep-fried basa fish to introduce at the ASEAN Food Festival 2022 (Charity Bingo 2022) organized by the Women's Union of ASEAN countries and the Ministry of Foreign Affairs of Pakistan held in Karachi city.

(vasep.com.vn) 2021 is a difficult year for Vietnamese pangasius exporters. Covid-19 has attacked, making farming, transportation and export activities difficult. However, the whole year pangasius export value still reached 1.61 billion USD, up 8.4% over the previous year. "The difficulty, the wisdom", when exporting pangasius to a number of large markets was congested due to disease inspection and social distancing, businesses have smartly turned to a number of potential markets.

(vasep.com.vn) In November 2021, Vietnam's pangasius exports to China - Hong Kong market doubled from the previous month and increased by 17.4% over the same period in 2020. Thus, after three unstable quarters, in the last quarter of the year, exports to this market showed signs of positive growth.

(seafood.vasep.com.vn) The 11-month report of Vinh Hoan Seafood Corp shows that export growth is very good, mainly thanks to the US market. Vinh Hoan's 11-month report shows that, in November 2021, the parent company's export revenue (excluding Sa Giang) reached VND 912 billion, an increase of 38% over the same period last year and an increase of 17% compared to October 2021. This is also the month with the highest export revenue of Vinh Hoan since the beginning of the year.

With the optimistic business results in 2021, Vinh Hoan Corp expects that 2022 will be a year where the company shows its strength and continues to maintain its leading position in the pangasius export industry in Vietnam.

(seafood.vasep.com.vn) By the end of October 2021, the total value of Vietnam pangasius exports to the ASEAN market reached 94.2 million USD, down about 17% over the same period last year. Since the Covid-19 pandemic broke out from the end of 2019 until now, pangasius exports to some potential markets in this region have not been able to recover.

(seafood.vasep.com.vn) On December 2, 2021, Nam Viet Joint Stock Company (Navico) officially started construction of "Collagen peptide and gelatin processing factory" at Thot Not Industrial Park, Can Tho City.

(seafood.vasep.com.vn) This year, pangasius exports to the Latin American market are quite good, most notably Mexico and Brazil. As of the first half of October 2021, the total value of pangasius exports to Brazil increased by more than 1.5 times over the same period last year, reaching 47.44 million USD.

(seafood.vasep.com.vn) Vinh Hoan Corp has just published a report for September 2021 with a revenue of VND 658 billion, bringing the total export revenue of the third quarter of 2021 to VND 2,128 billion, up 17% over the same period in 2020.

(seafood.vasep.com.vn) In the first eight months of 2021, the total value of Vietnamese pangasius exports to the Middle East market increased by 25.18% over the same period last year. In 2021, many pangasius enterprises have shifted their exports to the Egyptian and UAE markets.

(seafood.vasep.com.vn) VDSC Securities Company predicts that both revenue and profit in the third quarter of Vinh Hoan Joint Stock Company will grow by double digits compared to the same period last year. In which, revenue from pangasius fillet segment (which contributes over 67% of total revenue) increased strongly thanks to the average selling price and recovery in volume.

(seafood.vasep.com.vn) Up to now, after a long period of being affected by the COVID-19 pandemic, the epidemic situation in Ho Chi Minh City as well as some provinces in the Mekong Delta region is currently under better control. Therefore, businesses in general and companies in the seafood industry in particular are accelerating the post-COVID-19 recovery process.

(seafood.vasep.com.vn) The 4th Covid wave broke out strongly in Ho Chi Minh City and 18 provinces and cities - key seafood processing and export areas of Vietnam, causing a sharp drop in export turnover to many major markets in August 2021. However, in this dark picture at this stressful Covid period, there are still small bright spots in some niche markets such as Mexico and many others.

The US Department of Commerce (DOC) has announced the preliminary results of the 17th period of review (POR17) for the period from August 1, 2019 to July 31, 2020, regarding Vietnam’s tra and basa fish (pangasius) exported to the US.


SPECIALIST ON
PANGASIUS MARKET

Ms Ta Ha

Email: taha@vasep.com.vn

Tel: +84.24.3771.5055 (ext. 214)

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