According to CL-Fish Corp, the company's production and export targets not being achieved is a common situation of many Vietnam’s pangasius exporters in the past year, due to the negative impact of Covid-19 on fish processing factories in the Mekong Delta.
In 2022, CL-Fish Corp (Stock Code: ACL) sets a target of net revenue from sales and service provision of 1,450 billion VND; a pre-tax profit of 200 billion VND. The company also believes in this year's plan and notices new opportunities for CL-Fish Corp in many export markets.
This year, the company continues to focus on raising high-quality pangasius with an area of over 100 hectares with an expected harvest of 35,000 tons of raw fish. At the same time, CL-Fish Corp also invests in aquatic feed processing, both for business and being proactive in providing high-quality feed at good prices. Currently, the company owns an aquatic feed processing plant with a total capacity of 100,000 tons of feed/year. This plant is one of the very few ones that achieved HALAL JAKIM certification. This is an advantage for CL-Fish to develop a closed process and increase the revenue of exported pangasius feed to markets, including products exported to Muslim countries.
CL-Fish Corp is exporting pangasius to more than 70 different markets around the world, including South America, the Middle East, and Asia.
In the first 3 months of 2022, CL-Fish Corp’s total export value of pangasius reached about 8.6 million USD and was in the top 20 largest pangasius exporters of Vietnam.
Compiled by Phuong Linh
(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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