Vinh Hoan's September export revenue reached VND 658 billion, up 18% over the same period last year. Revenue in August 2021 is VND 705 billion, up 41% over the same period.
In the third quarter of 2021, the US is still Vinh Hoan's fastest growing export market. Particularly in September 2021, revenue to the US market reached VND 344 billion, up 79% over the same period last year and 17% over the previous month. Exports to the European market also increased by 11%. Two large markets with good growth have partly offset the decline of the Chinese market.
In September 2021, Vinh Hoan's exports to China decreased by 38% over the same period and 40% compared to August to VND 84 billion because the company had to reduce processing capacity to comply with policy requirements. Social distancing to fight Covid-19.
In terms of export structure, pangasius is still the company's main export product with a growth of 36%, health care products also increased by 36%, offsetting the decline of some other products.
Thus, in 9 months, Vinh Hoan's export revenue still increased by more than 15% over the same period in 2020 with the main growth driver being the US market.
Vinh Hoan expects the profit in the fourth quarter of 2021 to increase strongly again when capacity is strongly improved and the consumption market is favorable.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
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