Up to now, IDI has dozens of partners from Asia, the Middle East, the U.S and some South American countries. In 2016, IDI's sales hit VND4,000 billion and put in top largest seafood export enterprises in Vietnam.
In addition to keeping main markets such as the EU, South America, the U.S, South Korea and China, IDI has continually promoted new potential markets such as Russia, Middle East, Eastern Europe, Central America, Africa, Canada, ASEAN and India. Besides, IDI also attaches importance to the chain of production and commits to providing the best products to local customers.
In order to ensure its supply, IDI continues to develop raw fish farming areas and consolidate integrated farming areas. With self-control of over 80% of raw materials, IDI will significantly reduce the cost of sales and minimize the risk of material shortages. IDI strengthens marketing, promoting its premium products such as fish fillets. Besides, it provides other products which meet the needs of domestic and foreign consumers such as breaded fish fillets, smoked fish fillets, fish portions, fish skewers and fish rolls. These products will be sold in large supermarkets in the world and all are processed according to the standards of ASC, VietGAP, GlobalGAP, BAP. In 2017, IDI plans to grow by about 20% compared to 2016 in its sales.
According to Mr. Le Van Chung, CEO of IDI, the company is urgently completing Sao Mai aqua-feed processing plant with the capacity of 360,000 MT/year to provide the best quality products for farming. At the same time, the company is carrying out the project to set up a Pangasius Seed Research Center.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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