Pangasius

(seafood.vasep.com.vn) As of the first half of August 2019, the total export value of pangasius to Malaysia reached US $ 27.1 million, up 25% over the same period in 2018. Currently, Malaysia is the second largest importer of Vietnamese pangasius in ASEAN (after Thailand).

(seafood.vasep.com.vn) As of the first half of August 2019, Pangasius exports to the US market reached US$175.9 million, down 38.7% compared to the same period in 2018. Thus, for nearly 7 consecutive months, pangasius exports to the US market have continued to decline sharply.

(seafood.vasep.com.vn) According to Dong Thap provincial Department of Agriculture and Rural, the province has 2,450 hectares of pangasius ponds in value chain, 20 companies involved in pangasius farming for export (nearly 970 hectares) and 1,564 facilities where fries are produced and supplied to the market.

(seafood.vasep.com.vn) Until the end of July 2019, pangasius export value of 5 consecutive months decreased compared to the same period in 2018. Therefore, the total value of pangasius exports in the first 7 months of this year declined by 5.5%, reaching US$1.13 billion. Particularly in July 2019, pangasius export value fell by 12.7% over the same period last year.

(seafood.vasep.com.vn) As of the first half of July 2019, the total value of pangasius exports to Belgium reached US$12.9 million, up 34.3% over the same period in 2018. Belgium was the fourth largest importer of Vietnam pangasius in the EU region. Compared to some potential markets of Vietnam pangasius in Asia such as Hong Kong or Malaysia, the export value of pangasius to this market was only by a half, however, in the first 6 months, pangasius exports to Belgium have been growing steadily.

Bien Dong Seafood Company Limited (Bien Dong seafood) is one of two enterprises in the Mekong Delta that are exports the largest pangasius volume to the US market.

(seafood.vasep.com.vn) By the end of September 2019, the total export value of pangasius to Japan reached nearly US $ 25 million, up 2.6% compared to the same period in 2018. Particularly in September 2019, pangasius export to this market reached US $ 3 million, up 2%.

The Food Safety and Inspection Service (FSIS), under the United States Department of Agriculture, has officially recognized Vietnam’s pangasius food safety control system after more than three years of negotiations, reports Vietnam News.

(seafood.vasep.com.vn) By the end of September 2019, the total export value of pangasius reached US$1.46 billion, down 8.5% over the same period in 2018. Particularly in September 2019, pangasius export value decreased by 14.6%, of which, export value to many major importers such as the US, EU, Brazil, Mexico, and Colombia also dropped sharply.

(seafood.vasep.com.vn) According to the statistics of An Giang Fisheries Sub-Department, the farming area of pangasius in the first 9 months of 2019 reached 1,250 ha.

(seafood.vasep.com.vn) Pangasius exports to Middle East market in the first 6 months of 2019 reached US$70.8 million, down 8.6% over the same period in 2018.

Mekong Fisheries Joint Stock Company (HoSE: AAM) announced that the revenue in the second quarter of this year reached VND 49.6 billion, down 4% over the same period in 2018. Profit before tax was estimated at VND 4.6 billion, up 3.2% over the same period. Profit after tax was VND 3.7 billion, down 5.3% over the same period in 2018. Low profit is mainly due to high cost of goods sold, accounting for 88% of company's revenue.

(seafood.vasep.com.vn) The export value of Vietnamese pangasius from March to June 2019 declined from 6% to 17.6% compared to the same period in 2018. By the end of June 2019, the total export value of pangasius reached US$961.6 million, decreased 4.1% compared to the first half of 2018. Exports to the US, Brazil and Colombia markets reduced, thus affecting the overall growth rate. It is forecasted that in the third quater, pangasius exports might grow again, however, the growth rate might not exceed 15% compared to the same period in 2018.

Cuu Long Fish Corp., Ltd (HoSE: ACL) has just released its Q2/2019 financial statement to record 817 billion VND of net revenue and 126.7 billion VND of pre-tax profit, increasing 13,3% and 120% respectively over the same period in 2018. Net profit after tax earned 113 billion, 2.2 times higher than the same period in 2018.

Nam Viet Corporation (HoSE: ANV) has just announced Q2/2019 consolidated financial statements with strong growth in revenue and profit over the same period in 2018.


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