Pangasius

Vietnam pangasius exports to the EU – an optimistic forecast for the whole 2022
10:33 08/12/2022

(seafood.vasep.com.vn) After two year of suffering the severe damage from the impact of Covid-19 pandemic, a series of enterprises and corporations had to go bankrupt. In that challenging situation, IDI Corp maintained its business and turned all the difficulties into advantages.

(seafood.vasep.com.vn) Commodity export turnover of Dong Thap province in the first 6 months of 2022 reached nearly 1 billion USD, up 62.7% over the same period in 2021. Export activity in this province recovered strongly, with high growth rate comparing with the same period last year, worth mentioning the impressive growth in products of seafood and rice.

(seafood.vasep.com.vn) According to Directorate of Fisheries, Vietnam fisheries production in the first 6 months of the year was estimated at 4,196.8 thousand tons, increased by 2.5% over the same period last year (in the second quarter of 2022, it reached 2,333.3 thousand tons, up 2.9%), including: Fish reached 3,044.4 thousand tons, up 1.7%; shrimp reached 520 thousand tons, up 9.4%; other marine products reached 632.4 thousand tons, up 1.2%.

(seafood.vasep.com.vn) Nam Viet Corporation (Navico) decided to establish Nam Viet Aquaculture Feed processing one member company - An Giang branch in An Giang province with the main business of producing and processing aqua feeds, wholesale of agricultural and forestry products, rice, wheat, etc.

(seafood.vasep.com.vn) BIDV Securities Company (BSC) forecasts that Nam Viet Joint Stock Company's after-tax profit in 2022 will reach 874 billion VND, 5.8 times higher than the export of pangasius and solar power, both growing at double digits.

(seafood.vasep.com.vn) VINH HOAN CORP (HOSE: VHC) has just announced its revenue in May (including Sa Giang company) which reached 1.508 billion VND, an increase of 96% compared to the same period last year and a slight drop of 8% from the previous month.

(seafood.vasep.com.vn) Vietnam’s pangasius export price to the US reached 4.5 USD/kg, the highest ever. Besides the scarcity of supply during two years of Covid-19, the temporary suspension of seafood imports from Russia by the US and Europe is creating a “golden opportunity” for Vietnamese pangasius products to increase market share in these two markets.

(seafood.vasep.com.vn) For many Vietnam’s pangasius exporters, Mexico is the current “hottest” market within the CPTPP. As of the first half of May 2022, the total export value of Vietnam pangasius to Mexico reached 45.6 mil USD, an increase of 70% compared to the same period last year, which accounts for 4.3% of the total pangasius export value. This result shows that Mexico is a potential and attractive destination with an even higher export value than Brazil.

(seafood.vasep.com.vn) In the first half of this year, Vietnamese pangasius exports to the EU market have revitalized after more than three dismal years. As of the first half of May 2022, export value of frozen Vietnamese pangasius to this market reached 76,8 million USD, up 95% compared to the same period last year. In that, the Netherlands is the most attractive market, accounting for 31,7% of the total value of Vietnamese pangasius exports to the EU.

(seafood.vasep.com.vn) Vinh Hoan and many other Vietnam seafood stocks simultaneously raised the price ceiling on June 1 2022.

(seafood.vasep.com.vn) In 2022, An Giang Fisheries Import and Export Joint Stock Company (AGIFISH) expects to hold the annual General Meeting of Shareholders on June 17th, 2022 AGIFISH aims at having lucrative business even though having suffered losses for six months in a row.

(seafood.vasep.com.vn) Navico Corporation (Navico) announced in its business situation in April 2022, with the record revenue of VND 433 billion. The company achieved 164 billion VND in gross profit and 116 billion VND profit after taxes.

(seafood.vasep.com.vn) Currently, there are nearly 30 Vietnamese pangasius enterprises exporting to the Colombian market. However, in the first four months, pangasius exports volume into this market didn’t come up to the expectations of many enterprises.

(seafood.vasep.com.vn) Thanks to high market demand, the total export value of Vietnam pangasius in the first 4 months of 2022 increased by nearly 97% over the same period last year, reaching over US$963 million. This result is giving strength to many Vietnamese pangasius enterprises on the upcoming export journey.

(seafood.vasep.com.vn) The pangasius industry of the southern province of Dong Thap has now expanded its export markets to 134 countries, including high-end markets such as Europe and the US.


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