FIMEX VN - a member unit of the PAN Group has announced its business situation in May 2022.
Specifically, FIMEX VN’s finished shrimp product ouput reached 2,000 tons – a decrease of 7 tons compared to the same period in 2021. In addition, agricultural product output reached 317 tons – recorded a 173% increase over the same period.
The sales of the company reached approximately 22.2 million USD (around 510.6 billion VND), an increase of 35% comparing to the same period last year. After the first five months of the year, it reached 99.8 million USD (around 2.295 billion VND), increased 31% with the last year’s same period.
Regarding farmed shrimp products, the company is in the process of harvesting, and is expected to finish by June. Afterward, they will begin to do shrimp farming for the second harvest. This year’s shrimp aquaculture encountered some difficulties due to the pandemic, however, the outcomes are satisfactory, resulting in the reduction of cost and an increase in profit for the second quarter of the year. The new shrimp farming area is still building pond with the tardiness due to the heavy rain, would be finished and stocked for the second harvest.
In addition, the company also shared that in the second quarter, shrimp producing, exporting and farming are still on track with many positive signals even though there exists the probability that the shrimp supply will decrease slightly due to unsatisfactory weather and input source for May and the upcoming moths. According to Mr. Pham Hoang Viet – General Manager of the company, the profit for the second quarter may exceed at least 20% comparing to the last year same period.
In terms of the market overview, according to Vietnam Association of Seafood Exporters and Producers (VASEP), the shrimp exports in May reached 416 million USD, increased by 19%, while April witnessed a huge leap of 47% in comparison to last year’s same period. In general, within the first five months, shrimp export value is estimated to reach 1.8 billion USD - 38% higher than the same period last year and accounted for 39% of the total fishery export turn-over.
For pangasius and shrimp sector, the total export value recorded is 2.6 billion USD.
In the US market, export volumes of shrimp, pangasius and other products all recorded high growth compared to 2021, especially in pangasius sector. The decrease in US catfish production, high inflation along with anti-dumping tax during the POR17 period has benefited many pangasius enterprises. The number of pangasius enterprises allowed to export to the US increased, with the average pangasius export price to the US reached a new peak.
Compiled by My Hanh
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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