Aquaculture in Ben Tre province
10:16 05/31/2023

( In the ASEAN market, Singapore is standing out thanks to the strong growth in imports of Vietnamese pangasius in the first 3 months of this year, despite the context of inflation and reduced imports in the world market. Singapore is considered as the bright spot of Vietnam pangasius exports in 2023

( The recovery of China's economy will contribute to the growth of Nam Viet JSC's pangasius export output in 2023, offsetting the decline from other export markets of the enterprise.

( In the first two months of 2023, Russia is among many markets with negative growth in imports of Vietnamese pangasius, due to the impact of inflation and a decrease in demand.

( Vietnam’s seafood exports in February 2023 reached 610 million USD. Pangasius contributed nearly 26% with a value of 156 million USD. Compared to the same period, although pangasius exports are still 9% lower, but in the context of inflation that reduces demand and lowers import prices, the sales of February is also a positive sign.

( In the first two months of 2023, Germany was among the few markets that recorded positive growth in imports of Vietnamese pangasius. While pangasius exports to the top 10 markets all decreased by 8% - 60% over the same period, Germany - the 9th ranked market still maintained a growth rate of 81%.

( Vietcombank Securities Company has just launched an investment strategy for ANV shares of NAVICO with a target price of 35,500 (+9.25%) Fibonacci.

( Vietnam Association of Seafood Exporters and Producers (VASEP) forecasts that seafood exports will gradually increase in March and April. In February, VHC's revenue to the European market increased by 116% to VND 194 billion.

(seafood. In January 2023, the volume of pangasius exported to Brazil reached 1,194 tons, the lowest level since May 2022. The average price of Vietnamese pangasius exports to Brazil in January reached 3.06 USD/kg, up 3% compared to 2.98 USD/kg in the same period last year. Compared with the same period, the volume of pangasius exported to Brazil decreased by 79%.

( Pangasius is one of the strategic farming species in the Mekong Delta region, in which An Giang is a locality with many advantages. Therefore, along with developing aquaculture, An Giang province has also invested in concentrated farming areas and specialized farming areas for breeding pangasius to restructure this potential industry.

( The UK is among the very few markets that recorded positive growth in seafood imports from Vietnam in the first 2 months of 2023. While exports to the top 10 largest markets all decreased by 18 - 50% over the same period, only the UK - the 6th largest market, still maintained an increase of 22%.

( Vinh Hoan JSC approved the plan to buy land to fund aquaculture in An Giang province.

( In 2022, Vietnam pangasius exports to China & Hong Kong reached 712 million USD, up 58% compared to 2021. The two main product lines exported to China are frozen pangasius fillets (HS code 030462) accounted for over 74% of the value with 531 million USD and frozen pangasius butterfly (HS code 030324) accounted for over 25% with nearly 180 million USD.

( Although in the last quarter of 2022, Vietnam's pangasius exports fell to the lowest level of the year with 475 million USD, down 12% compared to the same period in 2021 due to the impact of inflation. However, compared to other seafood sectors, pangasius still has a better prospect in 2023, thanks to positive signals from two major markets, China and the US.

( On the first working day after the Tet holiday, workers of Hung Ca Co.Ltd are busy preparing for an export order of 21 pangasius fillets (equivalent to 400 tons). The company’s leaders are very optimistic about the pangasius exports in the new year. In 2022, the company exports pangasius worthed about 350 million USD.

( According to SSI Securities Corporation (SSI), inflation in 2023 continues to be a challenge for Vietnam's seafood industry. In that context, the pangasius industry is expected to prosper when the largest export market, China, has reopened.

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