Vietnam Pangasius enterprises are trying to overcome the Covid-19 epidemic
(vasep.com.vn) In the first two months of this year, Pangasius is the group with the deepest negative growth in the structure of exported seafood, down more than 32% over the same period last year. This result is influenced by the decline in pangasius export value to the large market of China - Hong Kong. In two months, pangasius export value to this market reached 28.4 million USD, down 52.4% compared to the same period in 2019.
Fishery enterprises: a decrease of 35-50% in orders issued by Covid-19
(vasep.com.vn) According to the survey of member enterprises of VASEP, due to the impact of Covid-19 epidemic, especially in the first two weeks of March 2020, production, business and export activities. of fishery businesses are increasingly affected seriously. Up to this point, most businesses have had a decrease of 35-50% of orders (due to cancellation, back order or lack of raw materials).
Which direction for pangasius?
The Covid-19 epidemic has significantly affected the pangasius production, processing and export industry in particular, the Mekong Delta in general, when the Chinese market still accounted for a large proportion. However, this is an opportunity to build a more sustainable path for this particular fish.
Pangasius exports to the US market may increase in the near future
(vasep.com.vn) In January 2020, Pangasius export to most markets decreased sharply compared to the same period last year. In particular, Pangasius exports to the US market this month surpassed China - Hong Kong to become the largest market of Vietnam with an export value of US $ 18.1 million, accounting for 17.8% of the total export value of fish. Investigate.