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) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
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