BIIA Member FiinGroup published recently its Business Insight report on the Vietnamese Aquatic Food Production Industry.
Summary
In 2022, the fishery industry in Vietnam depicted a positive landscape by showcasing several optimistic indicators. Among these, the total value of seafood exports and the revenue of seafood enterprises witnessed robust growth, primarily attributed to the surge in export prices of seafood products. However, this narrative might shift in 2023, as the seafood export sector faces challenging dynamics such as declining export prices, reduced international import demand, and high year-end inventory levels from 2022.
Furthermore, the difficulties for seafood enterprises in 2023 extend beyond the sales process as mentioned earlier, encompassing issues of accessing funding. To address the complexities of these challenges, seafood enterprises should intensify collaboration with the government to formulate policies that alleviate funding constraints, reduce operational costs, and develop effective strategies to enhance production process efficiency and product value. This approach would enable them to strengthen their position in the international market.
The report can be downloaded by clicking on this link:
FiinGroup – Business-insight-2-Aquatic-food-production-industry
About FiinGroup:
FiinGroup (previously StoxPlus) is a Vietnam’s leading integrated service provider of financial data, business information, industry research and other premium data-driven analytics services. The Company provides information, insights and financial technology platforms that support Vietnamese financial markets, investment and trade activities.
Established since 2008, the Company has built up various data and analytic platforms based on its comprehensive, highly accurate and first-class financial database covering stocks, bonds, industries, IPOs, M&A and macroeconomic. The Company is now serving more than 1,000 local and foreign organizations via both service platforms and our on-call service for their decision-making process with confidence when investing, trading or doing business in Vietnam.
Source: FiinGroup
