Vietnam Pangasius enterprises are trying to overcome the Covid-19 epidemic

( 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

( 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 has a chance in other markets

Pangasius is one of the products heavily influenced by Covid-19. However, there are still many opportunities in other markets for Vietnamese pangasius.

Pangasius exports to the US market may increase in the near future

( 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.