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In the first quarter, the profits of Vietnamese seafood companies increased significantly, and the export volume of pangasius and shrimp broke history

 Last Update: 2022-05-19
 Source: Internet
 Author: User

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VNExpress reported that in the first quarter of 2022, profits of many Vietnamese seafood exporters surged year -on-year, benefiting from rising commodity prices .

Vietnam's largest listed seafood company, Vinh Hoan Corporation, posted an after-tax profit of VND550 billion (US$23.
9 million), up 420 percent year-on-year
.

Cuu Long Fish Joint Stock Company achieved an after-tax profit of VND 63 billion, a year-on-year increase of 570% and a record high since 2018
.

IDI International Development & Investment's after-tax profit exceeded VND 200 billion, the best performance since its listing in 2010
.

After-tax profit of Nam Viet Corporation reached VND 206 billion, tripling from the same period last year; Camimex Group's profit after tax tripled to VND 25.
1 billion; Sao Ta Foods Joint Stock Company profit increased 150% year-on-year to 422 million billion Vietnamese dong
.

　　In the first quarter, Vietnam’s seafood exports rose 40 percent year-on-year to $2.
4 billion
.
The export value of pangasius increased by 88% year-on-year to US$646 million, accounting for 27% of the total export value
.
The export value of shrimp exceeded 900 million US dollars, a year-on-year increase of 37%, accounting for 37.
5% of the total export value
.

　　Rong Viet Securities, a Vietnamese brokerage, pointed out that due to growing global demand and a shortage of white fish in Russia, the export of pangasius will show strong growth this year, and the high price is expected to continue until the end of the second quarter
.

　　However, feed and logistics costs still pose challenges to the farming industry, and Vietnamese exporters also face competition from countries such as India, Indonesia and Ecuador
.

　　In the past few months, the share prices of Vietnamese seafood companies have risen one after another in the stock market, with some companies hitting record highs
.
Shares in Yonghuan Group closed at VND 104,000 on Friday, up 55 percent from early January
.

price seafood export

　　Vietnam's largest listed seafood company, Vinh Hoan Corporation, posted an after-tax profit of VND550 billion (US$23.
9 million), up 420 percent year-on-year
.

seafood

　　Cuu Long Fish Joint Stock Company achieved an after-tax profit of VND 63 billion, a year-on-year increase of 570% and a record high since 2018
.

　　IDI International Development & Investment's after-tax profit exceeded VND 200 billion, the best performance since its listing in 2010
.

shrimp

　　However, feed and logistics costs still pose challenges to the farming industry, and Vietnamese exporters also face competition from countries such as India, Indonesia and Ecuador
.

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