Pangasius

The Food Safety and Inspection Services (FSIS) under the United States Department of Agriculture has recognised six more Vietnamese pangasius processing factories that are eligible to export products to the US, raising the number of establishments to 19, according to the Ministry of Agriculture and Rural Development’s National Agro-Forestry-Fisheries Quality Assurance Department (NAFIQAD).

(seafood.vasep.com.vn) Although Vietnam's pangasius imported into Algeria are not significant yet, they are already favored by many consumers even though the price is as high as that of captured seafood.

(seafood.vasep.com.vn) In the first half of this year, Vietnam frozen pangasius exports to Canada are forecasted to be optimistic and promising to achieve new growth. As of mid-April 2022, the total export value of Vietnam's pangasius to this market reached 17.2 million USD, up 69.4% over the same period last year.

(seafood.vasep.com.vn) At the Annual shareholders meeting of 2021, CL-FISH CORP said, the company had planned to reach net revenue of 1,400 billion VND and profit before tax of 80 billion VND. However, it only achieved 86.6% and 59.7% respectively of the target. The company had also set a target of exporting 17,000 tons of finished pangasius with a total value of 40 million USD, but the actual result in 2021 only achieved 61% and 62.5% of the plan.

(VAN) An Giang province aims to create a breakthrough for the pangasius industry by attracting high-tech investment in production and processing.

(seafood.vasep.com.vn) In the last week of April 2022, 28 seafood enterprises, including 9 pangasius exporters set out to attend the 2022 Seafood Expo Global in Barcelona (Fira Barcelona Gran Via, Spain). This is an opportunity for pangasius enterprises to directly meet customers from countries around the world and the EU after more than 3 years of Covid-19 disrupting the seafood trade.

(seafood.vasep.com.vn) Cuu Long Fish Joint Stock Company (CL-FISH CORP) reported a net profit of nearly 6 times that of the same period last year, at VND 71 billion.

(seafood.vasep.com.vn) The total export value of Vietnam pangasius in the first quarter of 2022 increased by nearly 90% compared to the same period last year. In most major import markets, pangasius export value is growing positively by two to three digits.

(seafood.vasep.com.vn) NAVICO will enter the real estate segment and start exporting pangasius products to the US market, which is expected to bring in great revenue and profit for the company.

(seafood.vasep.com.vn) The new factory of IDI Corp with a capacity of 500 tons/day is expected to be built in the fourth quarter of 2022. Currently, IDI Corp has two factories with the capacity of 150 tons/day and 300 tons/day, respectively. The factories have been operating at full capacity but have not yet met customer demand in late 2021 and early 2022.

(seafood.vasep.com.vn) At the end of the first quarter of 2022, IDI CORP (IDI - HOSE) is expected to reach a revenue of more than 1,000 billion VND and an after-tax profit of 200 billion VND. This is the record level of quarterly profit of the company.

(seafood.vasep.com) Pangasius and shrimp exports of Vietnam have recorded recovery after 2 consecutive years of Covid-19 outbreak. Major markets include US, EU, UK, China…

(seafood.vasep.com.vn) Vietnam's pangasius exports this year have shown a spectacular revival, reaching a turnover of $384.8 million in the first two months of the year, a sharp increase of 93.6% over the same period last year. 

(seafood.vasep.com.vn) On March 21, 2022, Federal Register issued an announcement of the US Department of Commerce about the final results of the administrative review of anti-dumping tax (POR17) on frozen pangasius imported from Vietnam in the period from August 1, 2019 to July 31, 2020. During this review, NTSF SEAFOOD enjoys a 0% anti-dumping tax when exporting frozen pangasius fillets to the US.


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