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.
(vasep.com.vn) In the first eight months of 2026, Brazil became the largest market for Vietnamese tilapia, with export value reaching US$44 million, up 22,142% year-on-year and accounting for 49% of Vietnam’s total tilapia exports. In August alone, exports to Brazil reached US$4 million. However, behind this remarkable growth is a market that is imposing increasingly stringent requirements on imported supplies.
(vasep.com.vn) Vietnam’s tuna exports sustained their upward trajectory in August 2026, though the pace remained modest at just 2%. The month saw divergent trends across key markets: the US maintained its leading position, Japan and Canada improved, Russia surged and the EU continued to experience a steep downturn. These developments suggest that exporters are entering the final months of the year amid a market environment marked by greater uncertainty.
(seafood.vasep.com.vn) Congalsa has acquired the entire charter capital of Lenger Seafood Vietnam, giving it full ownership of the business and its Nam Dinh processing facility.
(seafood.vasep.com.vn) Ninh Binh Province is entering a peak period of action against illegal, unreported and unregulated (IUU) fishing, focusing on thoroughly addressing violations, closely monitoring fishing vessels at ports and preventing vessels from violating regulations and operating illegally in foreign waters ahead of the European Commission’s (EC) upcoming inspection in 2026.
(vasep.com.vn) The application of biotechnology in seed production is increasingly viewed as a strategic imperative to upgrade pangasius fingerling quality, optimize farming efficiency and anchor sustainable industry development.
(vasep.com.vn) On September 15, 2026, in Can Tho, VASEP and ASC jointly organized a training course titled “New ASC standards: updates and practical implementation guidance for farms, businesses and aquafeed mills”. Beyond briefing stakeholders on updated ASC requirements for aquaculture facilities and feed production, the workshop dedicated substantial floor time to directly addressing on-the-ground compliance bottlenecks encountered by Vietnamese enterprises.
(searfood.vasep.com.vn) Vietnam’s tilapia exports continued to post positive results in the first eight months of 2026, with total export value reaching US$90 million, up 43% year-on-year. However, exports in August alone stood at US$11 million, down 8%, reflecting uneven market developments. Brazil remained the leading market, while Japan recorded notable growth, opening up new opportunities for Vietnamese tilapia products.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.3 billion in the first eight months of 2026, up 12% year on year. However, growth has begun to slow and become more differentiated across markets, while the U.S. and EU continue to present significant challenges. The latest insights from the Global Shrimp Forum 2026 (GSF 2026), held in early September, also indicate that the final months of the year will remain highly competitive as global supply continues to expand and buyers increasingly focus on quality, product specifications, supply stability and the ability to meet market-specific demand.
(seafood.vasep.com.vn) In August 2026, Vietnam’s seafood exports reached $1.14 billion, up 6% year on year. Cumulative eight-month exports rose 11.8% to $8.00 billion, though momentum has cooled compared to the 12.8% growth seen through July. China - Hong Kong and ASEAN are offsetting weakness in the U.S, EU and partly Japan. This divergence will likely widen in Q4 as trade tariffs and traceability requirements directly weigh on new orders.
(seafood.vasep.com.vn) Vietnam–Russia relations are entering a new phase of cooperation, with a focus on expanding trade, investment and economic connectivity. Against this backdrop, tuna is emerging as one of the seafood products with significant growth potential in the Russian market. Export data for the first seven months of 2026 show strong growth in Vietnamese tuna exports to Russia. However, turning this momentum into sustainable market share will require businesses to address challenges related to logistics, payment and supply competition.
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