Pangasius

(seafood.vasep.com.vn) As of the first half of August 2020, the total export value of pangasius to the EU reached US$85.55 million, down 34.1% over the same period in 2019. In which, the export value to three single markets: the Netherlands shrunk by 27.5%; Germany down 36.7% and Spain went down by 13.4%. Although the EU has been still the third-largest pangasius export market of Vietnamese seafood enterprises (after China and the US) so far, there has been no sign of recovery in pangasius exports to this market.

Batches of tra fish products manufactured under a high-tech production process have been shipped to the EU, South America, ASEAN, China, and the Middle East by a company based in the Mekong Delta province of An Giang.

(seafood.vasep.com.vn) By the end of August 2020, the total export value of pangasius reached US$913.4 million, down nearly 30% over the same period in 2019. In particular, the value of exports to most major markets went down, except for the UK market, which lifted by 23.8% over the same period in 2019.

(seafood.vasep.com.vn) By the end of July 2020, the total value of pangasius exports to the US market reached US$133.7 million, down 20.2% over the same period in 2019. However, the export value to this market in July rose slightly by 4.4%. After COVID-19, several good signals restarting in Spain, the UK, and the US have made the picture of pangasius export to the US this month more optimistic.

(seafood.vasep.com.vn) According to the statistics of the Directorate of Fisheries, as of the end of June 2020, the area of pangasius farming nationwide is estimated at 4,530 hectares equaling to 95.7% compared to the same period in 2019. The harvested area is 1,536 hectares (equal to 78% over the same period in 2019).

(seafood.vasep.com.vn) As of mid-July 2020, the total value of pangasius exports to the ASEAN market reached US$73.1 million, down 32.4% over the same period in 2019. The export value to the three largest single markets was as follows: Thailand went down by 33.2%; Singapore rose by 3.3%; Malaysia hiked by 31.3% compared to the same period in 2019. In particular, Singapore was a bright spot in export pangasius to this area.

Forbes has announced the list of 25 Asian Power Businesswomen in 2020, which includes Madam Truong Thi Le Khanh. She is the Founder and Chairwoman of the seafood exporter Vinh Hoan Corp., making her one of only two Vietnamese women included on the list this year. The list aims to honor the women who play a significant role in shaping Asia’s business landscape.

(seafood.vasep.com.vn) The economic crisis due to the COVID-19 pandemic is also one of the major causes affecting the import and export activities of pangasius in many major markets around the world. As of the first half of June 2020, Vietnam's pangasius export value plunged by 29.8% over the same period in 2019, reaching US$ 612.3 million.

(seafood.vasep.com.vn) In the first 6 months of 2020, amid the Covid-19 outbreak, the total value of pangasius exports to the UK market still increased by 7.3%. It seems that Vietnam's pangasius exports to this market are more positive after the UK left the EU in early 2020 with more socio-economic independence.

(seafood.vasep.com.vn) Vietnam’s pangasius export value to three markets of China - Hong Kong, Singapore, and the UK in April 2020 grew positively by 20.1%; 127.6%, and 20.3%, respectively. By the end of April 2020, the total export value of pangasius reached US$449.5 million, down nearly 27% over the same period in 2019. Most of the major importers (among the top 10 largest importers of Vietnamese pangasius) all slid. On the contrary, exports to Singapore rose by 12.7% and that to the UK lifted by 1.1% over the same period in 2019.

Seafood is one of the key export items of Vietnam, maintaining an annual growth momentum, contributing to the achievement of the overall export goal of the agricultural sector. In the context of export difficulties, to help businesses and localities overcome difficulties, effectively exploit the domestic market, leaders of the Ministry of Agriculture and Rural Development direct the Agricultural Trade Promotion Center to coordinate with the Directorate of Fisheries and the relevant units to organize a Pangasius Week in Hanoi in 2020.

(seafood.vasep.com.vn) Just rising 16.3% in February 2020, pangasius export value to ASEAN decreased sharply in March 2020 due to COVID-19 pandemic. Many countries in the region suspend commercial transactions to contain the disease.

Ho Chi Minh, Vietnam-based pangasius firm Nam Viet Joint Stock Company, or Navico, plans to begin construction in August at a factory in Vietnam that would produce collagen and gelatin from pangasius, an official from Navico told SeafoodSource earlier this week.

(seafood.vasep.com.vn) In the first 3 months of 2020, the total export value of pangasius reached US$ 334 million, down 29.3% over the same period in 2019. During the first quarter of 2020, Covid-19 had a significant impact on Vietnamese pangasius exports to many markets. This export landscape is brighter when witnessing pangasius export value to 2 major markets - China - Hong Kong and the US growing quite well. In particular, in March 2020, pangasius export value to China - Hong Kong soared by 109% compared to January 2020.

Vietnamese pangasius producer and processor Vinh Hoan Corporation has broken ground on its new food-grade fish oil factory, it has announced.


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