As of the first half of December 2021, the total value of Vietnamese pangasius exports to China - Hong Kong reached $416 million, down 17% over the same period last year. The result of pangasius exports to China was lowered because in the first three quarters of this year, not only Vietnamese pangasius processors but also Russian pollock or Norwegian salmon and Indian shrimp processors also faced difficulties. difficult because this country strengthens measures to check imported food because of Covid-19.
In 2021, especially in the third quarter, pangasius processing enterprises face more difficulties when processing capacity decreases, many processing factories are forced to reduce capacity to prevent the risk of Covid-19 infection in the environment. work.
However, since September 2021, many Chinese importers said that their pangasius reserves for the year-end holidays or the summer of 2022 have been exhausted, so they are also waiting for the Government to relax the measures to test goods to increase purchases.
Vietnam is still one of the top 3 suppliers of white fish products to China - Hong Kong. Accordingly, Vietnam is the "exclusive" supplier of frozen pangasius in China. The Chinese market is short of pangasius and is expected to increase imports in the near future.
Recently, the Chinese Government and many border localities adjacent to Vietnam have announced the reopening of cargo ports such as Dalian, Qingdao, Dongxing... or promoting trade for the holiday. upcoming holidays. This will be a good opportunity for Vietnamese enterprises to increase pangasius exports to this market.
According to the Board of Directors' report, IDI successfully maintained its traditional customer base in 2024 while expanding into high-potential markets, particularly the United States, benefiting from a significant reduction in anti-dumping duties.
Recently, Vietnam's La Vong fish cake was ranked number 1 in the list of the world's best white fish dishes by the world-famous culinary website Taste Atlas.
Currently, many households in the suburbs of Ca Mau City are implementing a fairly effective pangasius farming model, bringing in a stable source of income. Unlike the industrial scale in other provinces in the region, the pangasius farming model here is quite simple, low-cost, and is considered a promising direction for farmers.
Over 200,000 ha of Vietnam's shrimp farms are cultivated organically and ecologically, certified by international organizations.
Vĩnh Hoàn Corporation (stock code: VHC – HoSE) has outlined an ambitious business plan for 2025, targeting revenue of VND 13,800 billion (up 10.3% from 2024) and after-tax profit of VND 1,500 billion (up 22.3%). This follows a successful 2024, where the company recorded revenue of VND 12,513 billion (exceeding 109% of the plan) and after-tax profit of VND 1,226 billion (surpassing 123% of the VND 1,000 billion profit target). The 2025 Annual General Meeting of Shareholders is scheduled for April 24 in Ho Chi Minh City to discuss these plans.
Sa Giang Import-Export Corporation continues to assert its position as one of the leading export enterprises in Đồng Tháp, achieving a revenue of thousands of billions of VND from shrimp crackers and rice paper in the past year.
(seafood.vasep.com.vn) After three years of implementation, the UK-Vietnam Free Trade Agreement (UKVFTA) has yielded positive results for Vietnam’s tuna exports. The United Kingdom officially became a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on December 15, 2024. This is expected to bring significant benefits for seafood enterprises, particularly in terms of tariffs and intra-bloc origin regulations - especially for tuna products.
On March 3, Sa Giang and Citek officially launched a comprehensive enterprise digital transformation project using the GROW with SAP solution.
(seafood.vasep.com.vn) According to the Action Plan to implement the growth targets for agriculture, forestry, and aquaculture from the Bình Định Department of Agriculture and Environment, which has just been issued, the goal for 2025 is to achieve an overall GRDP growth rate for the entire sector from 3.6% to 3.8%, with the highest effort to reach a growth rate of 3.8%.
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