In the first 6 months of 2024, IDI recorded net revenue of VND 3,564 billion and after-tax profit of VND 35 billion.
This year, IDI expects to earn US$136.3 million in revenue from pangasius exports, up 27% compared to 2023.
IDI's Board of Directors affirmed that this year's business plan is completely feasible when demand for pangasius in markets such as China, Mexico, Canada, Brazil, the UK, etc. has begun to show positive signs since the beginning of the second quarter.
The main growth drivers of IDI this year mainly come from China and Mexico, accounting for 70% of total export revenue each year.
In the Chinese market, demand here will begin to recover as consumers tend to spend more when the economic stimulus policies of the Chinese Government take effect.
For the Mexican market, demand for pangasius may recover from the second quarter of 2024, earlier than in the Chinese market because importers in Mexico are entering a new cycle of stockpiling. At the same time, pangasius export prices to Mexico showed signs of bottoming out from December 2023 and by March 2024 had increased by 8% compared to the beginning of the year.
IDI also plans to expand its consumption market in many other regions. It signed an agreement with Patagonia Cuisine LLC - Atlanta (USA) recently to exploit the US and South American markets in order to urgently prepare for a breakthrough for the peak season of seafood consumption in the last 6 months of this year in the US, European and South American countries.
IDI is currently a key member of Sao Mai Group (stock code ASM) with a production capacity of approximately 100,000 tons of raw fish per year. The company is also one of the largest pangasius exporters in the country today. IDI's products are currently exported to more than 50 countries and territories around the world.
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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