Mexico – The highlight of Vietnam pangasius exports in 2022
09:44 08/15/2022

( Shrimp farming model is directed towards ecological roles of natural products with no drugs and chemicals used, costs reduction, records the highest profit of up to 80 million VND/hectar/year.

( The 2021 is a challenging year for Vietnamese tuna exporters to Egypt because of Egyptian government’s measures to prevent the covid 19 pandemic. Egypt's economy was severely damaged, demand for food consumption decreased along with the policy of reducing imports and increasing exports to narrow the trade deficit had created an unfavorable condition for Vietnam tuna exporters. Vietnam's tuna exports to Egypt in the year are unstable, falling for many months compared to the same period in 2020.

( According to Mr. Nguyen Van Dao - General Director of Go Dang Joint Stock Company (GODACO), in the first half of 2022, export turnover, export volume and revenue of the company are about the same as the first half of 2021.

( In the first 6 months of 2022, Dong Thap Province’s exports of seafood products and rice had impressive growths. The traditional markets are maintained and strengthened while a new trend of shifting markets (from Asian market to Europe) appeared.

( In Q1/2022, Bentre Aquaproduct Import and Export JSC (HOSE: ABT) recorded a revenue of 133 billion VND (up by 109% over the same period) and profit of 7.7 billion VND (down 54% over the same period). Gross profit margin improved significantly from 14.3% in Q1/2021 to 20.2% in Q1/2022 due to sharp increase in selling prices; however, transportation costs tripled during the Q1/2022, leading to a shrink in net profit.

( For the first time this year, after continuously growing positive double digits in the previous 5 months, Vietnam shrimp exports in June recorded negative growth. Vietnam’s shrimp export value decreased slightly by 1% to nearly 416 million USD. Accumulating 6 months, Vietnam’s shrimp export reached 2.3 billion USD, an increase of 31% over the same period last year.

( The particular ecological conditions along with large intertidal zone of coastal mangrove forest in Ca Mau province has created ideal conditions for developing shrimp farming under the forest canopy.

( After two year of suffering the severe damage from the impact of Covid-19 pandemic, a series of enterprises and corporations had to go bankrupt. In that challenging situation, IDI Corp maintained its business and turned all the difficulties into advantages.

( Camimex Group is investing and completing many processing plants, helping to increase the capacity to 20,000 tons of finished products per year. Along with high-tech farming development projects, Camimex expects sales to reach 250 million USD/year in the next 5 years.

( After the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect from January 2019, Vietnam’s tuna export turnover to Chile has prospered. Even when the outbreak of the Covid-19 pandemic hindered tuna export to other markets, Vietnam’s tuna export to Chile still maintained the growth. Vietnam tuna exports to Chile increase continuously in the first 5 months of 2022.

( Vietnam's shrimp exports to the EU as of June 15, 2022 reached US$338 million, up by 51% over the same period last year. Shrimp exports to this market grew quite steadily, ranging from 34%-83% in the first months of this year.

( Commodity export turnover of Dong Thap province in the first 6 months of 2022 reached nearly 1 billion USD, up 62.7% over the same period in 2021. Export activity in this province recovered strongly, with high growth rate comparing with the same period last year, worth mentioning the impressive growth in products of seafood and rice.

( The average import price of Vietnam shrimp reached 11.46 USD/kg, about 1USD higher than the average import price and other suppliers such as Indonesia or Ecuador.

( According to Directorate of Fisheries, Vietnam fisheries production in the first 6 months of the year was estimated at 4,196.8 thousand tons, increased by 2.5% over the same period last year (in the second quarter of 2022, it reached 2,333.3 thousand tons, up 2.9%), including: Fish reached 3,044.4 thousand tons, up 1.7%; shrimp reached 520 thousand tons, up 9.4%; other marine products reached 632.4 thousand tons, up 1.2%.

( Nam Viet Corporation (Navico) decided to establish Nam Viet Aquaculture Feed processing one member company - An Giang branch in An Giang province with the main business of producing and processing aqua feeds, wholesale of agricultural and forestry products, rice, wheat, etc.