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

Published on
June 12, 2020
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…
Reporting from Hanoi, Vietnam

Want seafood news sent to your inbox?

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500