According to IDI CORP’S annual report, with the strong recovery of the pangasius market, the executive board will continue to implement the project of building the third Seafood processing factory with a capacity of 500 tons of raw materials/day. The factory is expected to be built on the company's available land fund in the fourth quarter of 2022.
With the COVID-19 situation basically under control, the global vaccination coverage has been high, most countries (except China) have started a new life with the policy of living with the epidemic, the world has opened its doors to import and export. This has helped the pangasius industry recover strongly since the end of 2021, even increasing sharply in the early days of 2022.
Currently, IDI CORP has two factories with the capacity of 150 tons/day and 300 tons/day respectively. Factories have been operating at full capacity but have not yet met customer demand in late 2021 and early 2022.
"That's why it is necessary to build Seafood processing factory No.3, for the stability and development of the Company in the future", according to IDI CORP.
This year, IDI CORP sets a target: net revenue reaches 8,300 billion VND, up 45% compared to 2021 and profit after tax reaches 900 billion VND, 6.3 times higher than the same period last year.
With the current shortage of supply, it is an advantage that enterprises own a large amount of inventory.
Mr. Le Thanh Thuan, Chairman of IDI CORP, said that the company had signed enough export orders until the end of the second quarter of this year.
At the same time, a stockpile of up to 1,400 billion VND of cheap pangasius (17,000 - 18,000 VND/kg) has also been prepared, especially in Mexico and Brazil - where IDI CORP accounted for large market shares.
Previously, besides completing Cold Storage No.3 with a capacity of 10,000 tons of finished products, in early February 2020, Cold Storage No. 4 with a capacity of 10,000 tons of finished products was put into use. This has overcome the situation of outsourcing, which significantly increased the tolerance against COVID-19.
This is a wise investment because at the beginning of 2021, the price of raw fish dropped to 18,000 VND/kg, the Company took the opportunity to purchase raw materials from outside the market to manufacture and store the finished products in the above two cold storages.
By the end of 2021, the fish price increased to 25,000-26,000 VND/kg, which helped the Company gain a significant profit.
Mr. Tuan also noted that the strong recovery of consumer demand in the main markets pushed the company into a situation of not being able to pay orders in time.
(seafood.vasep.com.vn) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.
(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.
(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.
(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
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