Vietnam pangasius exporter slashes profit plan this year due to COVID-19

I.D.I. Seafood, a pangasius company based in Vietnam’s Mekong Delta, has trimmed the expected profit this year amid obstacles caused by the COVID-19 outbreak. The company hopes it will earn a net profit of VND 160 billion (USD 6.9 million, EUR 6 million) this year, down 50.9 percent from 2019, I.D.I said in a report prepared for its annual stakeholder meeting scheduled for 19 June. It also plans to gain a total sales value of VND 7.145 trillion (USD 306 million, EUR 269 million) this year, 7.6…