Pangasius price is currently skyrocketing to around 34,000 VND/kg and is about to break the record of 35,000 VND/kg. This helps businesses more active in raw materials through the associated farming areas.
The high demand of the world market also makes the export price of pangasius continuously set new highs. Prices in many markets reach above 6 USD/kg, the highest level ever.
According to Mr. Le Thanh Thuan, Chairman of IDI CORP, while farmers and businesses could not sell their goods due to the impact of the Covid-19 pandemic, IDI CORP had enough resources and actively took the opportunity to increase its inventory and buy a lot of properties at a cheap price.
When southern provinces strictly implemented social distancing due to Covid-19, IDI CORP has stocked up raw materials. Now, the high price of fish and the scarcity of supply both have created great opportunities for IDI.
The profit of the first quarter only partly represents the business trend, and according to IDI CORP, the profit drop point would be in the second and third quarters of this year.
In the fiscal year 2022, IDI CORP’s after-tax profit is expected to reach 900 billion VND, equivalent to an income per share of more than 4,000 VND. The above profit is calculated based on signed orders reaching high prices.
With favorable cash flow, IDI CORP’s Board of Directors (BOD) decided to submit to the General Meeting of Shareholders a plan to pay 15% of the cash dividends in the second and third quarters of this year. The BOD also decided to submit a plan to pay a cash dividend of 30% in 2022.
Notably, the BOD also asked for permission to advance a part of the 2022 dividends right this year. Hence, in 2022, IDI CORP’s shareholders will receive a total dividend of 45% in cash. This is also the highest cash dividend payment of IDI CORP since it was founded.
VASEP’s data indicate that in March, pangasius exports increased by 80% to 261 million USD with positive signs of demand in the major markets such as the US and China, the EU. Accumulated to the end of March 2022, pangasius exports reached 646 million USD, up 88% over the same period in 2021.
VASEP forecasts that seafood exports in April will still maintain growth momentum in major markets when trade activities and trade promotion have returned to normal. In which, pangasius will maintain the leading growth of 80%, followed by shrimp with a 20% increase.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
(seafood.vasep.com.vn) In January 2025, the country's total seafood output was estimated at 594,100 tons, a 0.7% increase compared to the same period last year. Specifically, fish production reached 443,400 tons, up 0.7%; shrimp output was 56,300 tons, up 3.1%; and other seafood products totaled 94,400 tons, down 0.9%.
(seafood.vasep.com.vn) The industrial pangasius production in Vinh Long province in 2024 reached 95,100 tons, a 4% decrease compared to 2023. Despite the decline in production, positive trends in the final months of the year offer hope for improving economic efficiency in the near future. Additionally, the increase in the area for industrial pangasius farming and the maintenance of overall aquaculture area demonstrate the province’s efforts to sustain its production activities.
(seafood.vasep.com.vn) In January 2025, Vietnam's total seafood export value reached 774.3 million USD, a 3.3% increase compared to the same period in 2024. This is a positive result compared to January 2023, when the Lunar New Year fell at the end of the month, significantly impacting export outcomes.
(seafood.com.vn) In 2024, Vietnam exported shrimp to 107 markets, up from 102 in 2023. The top 5 major markets for Vietnam’s shrimp exports were China & Hong Kong, the U.S., Japan, the EU, and South Korea, accounting for 76% of the total shrimp export value.
(seafood.vasep.com.vn) In 2024, Vietnam's seafood sector successfully exported to numerous countries, reaching a milestone of USD 10 billion, a 12% increase compared to 2023. 2025 promises to be a prospective year for promoting exports to various markets, including target and potential markets such as the US, China, ASEAN, and the Middle East.
(seafood.vasep.com.vn) The EU has been one of the largest consumers of Vietnamese pangasius over the past decade. However, data from Vietnam Customs reveals a gradual decline in EU imports of pangasius from Vietnam over the last five years.
The Report on Vietnam Seafood Exports in 2024 by the Vietnam Association of Seafood Exporters and Producers (VASEP) was published amid positive developments in the country's seafood industry, marking a successful year with a total export value of USD 10 billion, a 12% increase compared to 2023. This milestone underscores the sustainable growth and exceptional potential of the seafood sector in contributing to the national economy.
(seafood.vasep.com.vn) Vietnam's tuna sector faced numerous challenges in the latter half of 2024. While the year proved memorable, with export turnover reaching nearly USD 1 billion, maintaining this growth trajectory requires renewed impetus for the tuna industry.
With Tet (Lunar New Year) approaching, fishermen along Vietnam's central coast are capitalizing on favourable weather conditions to intensify their fishing efforts, meeting the burgeoning demand for seafood across the nation.
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
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
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