Pangasius is still the company's main export product with 617 billion dong in revenue, up 30% over the same period but only 3% higher than last month. The group of related by-products increased by 53% over the same period and 34% compared to the previous month, making the second largest contribution to the company's revenue share (175 billion dong).
The healthcare product group had a slower growth rate (up 24%), dropped to 4th place in revenue contribution, bringing in only VND52 billion. Meanwhile, the grocery group rose to fourth place with 62 billion dong, thanks to a growth of 321%. The by-product group alone decreased by half compared to the same period last year, only 7 billion VND, but improved by 4% compared to the previous month.
Regarding export markets, the US continues to be Vinh Hoan's main consumption market with an increase of 68% to 415 billion dong, accounting for 45% of total export value. Exports to China and other regions also increased by 4% and 49% over the same period, respectively. In Europe alone, export revenue decreased slightly by 3% to VND88 billion.
However, compared to October 2021, Vinh Hoan's November exports to the US decreased by 12% while other markets increased by 49-68%.
It is forecasted that the price of Vietnamese pangasius will increase in 2022 due to scarcity of raw materials, high feed costs, processing factories, and contributions have not completely recovered.
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.
(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.
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