All the main markets of this pangasius export enterprise recorded a good recovery. In particular, revenue in the Chinese, US, and European markets increased by 259%, 59%, and 33%, respectively, compared to January 2023. Revenue in the domestic market also increased by 137%.
Regarding products, the pangasius segment contributed nearly half of total revenue with 448 billion VND, an increase of 64% over the same period. The by-product segments, other products, and shrimp chips also grew strongly, at 226%, 142%, and 78%, respectively.
Sale of the the healthcare segment was at VND 74 billion, up 239% over the same period last year.
According to the Association of Seafood Exporters and Producers (VASEP), it is forecast that Vietnam's seafood exports will recover and increase sharply in the second half of the year. With adaptation and adjustment to the market context, seafood businesses are predicted to help the industry's export sales recover to 9.5–10 billion USD in 2024. In particular, the shrimp sector aims to reach 4 billion USD, pangasius reach about 1.9 billion USD, and the remaining seafood products are expected to earn about 3.6–3.8 billion USD.
According to assessments by some financial organizations, global pangasius demand is forecast to recover on a large scale in the second half of this year. Meanwhile, the supply of pangasius in Vietnam is expected to fall into a shortage.
These factors are expected to help pangasius export prices recover positively soon after a sharp decline in 2023. Thereby, it boosts the business results of pangasius export enterprises such as Vinh Hoan.
However, current tensions in the Red Sea are causing difficulties in transporting export goods in general and seafood products in particular because of increased shipping costs. Rising selling prices for consumers will greatly affect their purchasing decisions.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
(seafood.vasep.com.vn) In the first ten months of 2024, 448 Vietnamese companies were involved in exporting pangasius to international markets. Vinh Hoan remains the top exporter, holding a 14% share of Vietnam's total pangasius export value.
(seafood.vasep.com.vn) Vietnam's seafood sector is making impressive strides as it nears the end of the year. Aquaculture has maintained steady growth, while fishing activities have recovered thanks to favorable weather conditions.
(seafood.vasep.com.vn) To ensure sustainable shrimp farming and environmental protection, Soc Trang Province emphasizes raising awareness and improving the capacity of shrimp farmers through various forms of communication and by developing and replicating effective models.
(seafood.vasep.com.vn) To achieve the goal of making the province a national hub for high-quality shrimp post-larvae production and producing 50 billion shrimp post-larvae by 2025, Ninh Thuan has focused on implementing a comprehensive set of measures.
(seafood.vasep.com.vn) The seafood processing company Kyokuyo has just opened a seafood processing plant in Vietnam to reduce its reliance on China. In Japan, Kyokuyo ranks as the third-largest seafood producer, following Maruha Nichiro and Nissui.
(seafood.vasep.com.vn) Vietnam's total fishery production in the first 10 months of 2024 is estimated at 7,889.8 thousand tons, a 2.5% increase compared to the same period last year. Aquaculture contributed approximately 4,612.5 thousand tons, while capture fisheries accounted for 3,277.3 thousand tons.
(seafood.vasep.com.vn) Ms. To Thi Tuong Lan, Deputy Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP), forecasts that pangasius export turnover could reach the target of USD2 billion in 2024. However, the industry will still face numerous challenges in the coming year.
(seafood.vasep.com.vn) Vinh Hoan Corporation has recently announced its business results for October, reporting over VND 1,200 billion in revenue, a 60% increase compared to the same period last year.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam's tuna exports in October reached nearly $93 million, marking a 22% increase compared to the same period in 2023. In the first ten months of 2024, the total export value exceeded $821 million, up 18% compared to the same period last year.
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
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