This year, The Board of Manager submitted an estimated revenue of 750 billion VND – increased by 60% compared to 2021; the pre-tax profit is expected to be 12 billion VND (while last year’s loss was reported at 92 billion VND)
In this year, AGIFISH’s production and business situation still encounter many difficulties. However, due to the pandemic that has gradually brought under control, the market has also stabilized progressively, along with the recovery in export demand, all factories will be operated at full capacity.
AGIFISH revealed that they will be focusing on the production of fillet products, reducing the size of material farming areas, reducing the size of some inefficient farming areas in order to recover the capital to repay the banks. This helps the company to lower the pressure coming from interest rate.
Also, the company will restructure the wholesalers and distribution agents of value-added products with the aim to boost efficiency, reduce cost to strengthen competitiveness
AGIFISH, formerly known as An Giang Frozen food enterprise - established in 1985, was equitized in 2001. At that time, the company ranked 2nd in the country in terms of seafood export processing capacity (with the main products are frozen basa fish and pangasius). Currently, the company has the authorized capital of 281 billion VND.
Compiled by My Hanh
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
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