Mr. Truong Tien Dung, General Director of Saigon Aquatic product trading Joint Stock Company (APT CO) said that since February 5, the company has organized production, the workforce has reached 90% today.
According to Mr. Dung, for the domestic market from the 5th February, the company has received wholesale and retail orders from retail systems.
Regarding exports, on the morning of February 8, the first container of red tilapia was exported to the Korean market. Besides, the company received orders from customers in the markets of Australia, UK, Netherlands, Japan... The situation of production and business activities at the beginning of the year was basically favorable and prospered.
"Influenced by the COVID-19 epidemic, production and export activities of enterprises (DN) are relatively difficult in early 2021. Compared to the same period of production and business in early 2022, we realize the atmosphere of the market and demand. Customer demand is more positive.In February, APT received an order for 10 containers of goods, each container tens of thousands of dollars,” said Mr. Dung.
According to Mr. Dung, besides the signs of improvement, due to the impact of the 4th epidemic, businesses still face some difficulties such as the packaging of some units has not yet been delivered, the price increased by 15-20% depending on the type.
Raw materials for some goods exported to the Korean and EU markets are scarce... Shipping costs are still high, for example, in the US market, the fee has increased 10 times, but businesses cannot order containers.
For business activities at the beginning of the year, in general, all information at the beginning of the year is very positive. Compared to the same period last year, orders increased by 20%-30%.
According to a representative of Saigon Food, if last year at this time, businesses were still worried about how the COVID-19 epidemic would develop, this year is thinking about how to quickly return to work. Besides, the psychology of employees is quite good due to receiving good news from both the world and the country about the perception of COVID-19 as an endemic disease.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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