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) Nearly US$1.7 billion is the projected gap in 2029 between the baseline scenario and a scenario in which Vietnam’s seafood exports grow by 10% annually, according to calculations by VASEP to be presented at Vietnam Seafood Summit 2026. This gap raises a key question for the entire industry: Which markets, products and supply chain improvements will generate the additional growth?
(seafood.vasep.com.vn) Although Germany’s tuna imports have declined, Vietnam’s tuna exports to the market continue to show positive signs. Notably, export value recovered strongly in Q3/2026, and German import data also show Vietnamese products strengthening their position amid competition among suppliers.
(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
(seafood.vasep.com.vn) On October 28, 2026, the China Fisheries & Seafood Expo opened in Qingdao, China. The expo takes place over three days from October 28 to 30, 2026. This is a prestigious specialized seafood exhibition organized annually by Sea Fare Exposition Inc.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
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