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Vinh Hoan sees significant drop in pangasius exports

Economics Catfish / Pangasius +3 more
Vinh Hoan's revenues by product (top) and region (bottom) - click on image to enlarge.

The most significant drops were accounted for by a fall in exports to China, Europe and the US © Vinh Hoan Corporation

Vinh Hoan Corporation, one of Vietnam’s leading pangasius exporters, said its monthly revenue fell 10 percent to VND893 billion ($37.2 million) in November.

Of this its revenue from pangasius products decreased 22 percent year-on-year, to VND480 billion in the month; while its auxiliary products were up by 15 percent to VND202 billion; healthcare products up by 19.23 percent to VND62 billion, and other mixed products up by 41.67 percent to reach a value of VND102 billion.

In the same month Vinh Hoan’s export revenue to the US fell by 13 percent to VND361 billion; to China down by 60.13 percent to VND63 billion, to EU down 19.56 percent to VND111 billion. Meanwhile its domestic revenue rose 16.75 percent, to VND230 billion.

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