Toan Dao has written about Vietnam’s business community, with a focus on energy and agriculture, for a number of Vietnamese and international outlets for more than 10 years. As a contributing editor for SeafoodSource in Southeast Asia, he also covers other major seafood producers in the region including Indonesia and Thailand.
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Singapore-based Barramundi Group is considering options to divest from its operations in Australia.
The company, which bills itself as the world’s largest farmer of barramundi, said talks are under way to find a strategic partner for its Australian operations, but that the company is also evaluating the possibility of completely divesting from the country, following discussions with potential investors.
In April 2022, Barramundi sought
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Vietnam saw its tuna export value to Canada and the E.U. surge in July 2022, but sales to the U.S. slowed due to high inflation, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s exports to Canada in the month were worth USD 6 million (EUR 5.9 million), an increase of 234 percent year-on-year – making it the market with the highest sales growth within the Comprehensive and Progressive Agreement
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Thai Union and its subsidiary Chicken of the Sea Frozen Foods are forming a partnership with U.S. company The ISH Food Co. to market plant-based seafood products.
In a press release, The Ish Food Co. said it hoped to capitalize on the marketing and distribution channels of Thai Union and Chicken of the Sea Frozen Foods to advance sales of its plant-based seafood analogs, lead by its Shrimpish brand.
"Our corporate venture business arm has been
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An Giang, Vietnam-based pangasius firm Nam Viet Joint Stock Company (Navico) will invest an additional VND 38 billion (USD 1.62 million, EUR 1.63 million) in its collagen and gelatin plant being built in the south of Vietnam, according to a company resolution passed 20 August.
The additional funds will help raise the charter capital of Amicogen Nam Viet, a joint venture between Navico and South Korean Amicogen created to implement
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India’s government is projecting the country will earn USD 8.8 billion (EUR 8.85 billion) from seafood exports in the 2022 fiscal year, buoyed by strong second-quarter sales.
Between April and June 2022, India racked up nearly USD 2 billion (EUR 2.01 billion) in seafood exports by volume, up 15 percent year-on-year ...
Photo courtesy of Parikh Mahendra
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Long Xuyên, Vietnam-based Nam Viet Joint Stock Company (Navico) has resumed exporting pangasius to the United States, after leaving the market in 2014.
A senior Navico official confirmed to SeafoodSource on 19 August the company shipped five containers of pangasius to the U.S. earlier in August ...
Photo courtesy of
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Bangkok, Thailand-based food giant CP Foods saw its revenue hit all-time high in the second quarter, but its net profit declined.
The company’s total revenue over April-June was at THB 155.996 billion (USD 4.4 billion, EUR 4.34 billion), an increase of 20 percent from last year, CP Foods said in a statement on 15 August showed.
Of that total, its operations in Thailand brought …
Photo courtesy of SARIN
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Pangasius exporters from Vietnam have chosen to increase sales to Mexico and the E.U. this year as demand in these markets is on the rise, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
The value of pangasius exports to Mexico in July was USD 11 million (EUR 10.83 million), doubling from the same month last year. In the first seven months, Vietnam sold pangasius products worth USD 73.5 million (EUR 72.4 million) to
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Vietnam earned more than USD 111 million (EUR 109.5 million) from crab exports between 1 January and 15 July, up 41 percent year-on-year, with the U.S. and China being the main destinations, according to data from the Vietnam Association of Seafood Exporters and Producers (VASEP).
Sales to the U.S. in the period reached USD 38 million (EUR 37.5 million), an increase of 27 percent year-on-year. The reopening of the U.S. economy has helped drive
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Vietnam’s leading pangasius exporter Vinh Hoan reported a recovery in sales in July, following a month-on-month decline in June, largely thanks to better performance in the U.S. market, according to the company’s latest update.
Its July sales value totaled VND 1.198 trillion (USD 51.2 million, EUR 50 million), surging 48 percent from the same month last year and up 13 percent from June. The value of the exports to the
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