I.D.I Success Expected to Open New Chapter for Vietnam Pangasius Industry

2:12:48 PM | 3/5/2019

I.D.I International Development and Investment Corporation (I.D.I) opened the 2019 Annual General Meeting of Shareholders on April 25, revealing many impressive business data in 2018 and business development prospects for 2019 and the years after.

I.D.I is currently among three biggest aquatic exporters in Vietnam, with its consumer markets extended to 150 countries and territories around the world, including the United States, the European Union (EU), ASEAN, Africa, South America, China and India, where its products are highly appreciated and favored by customers for prestige and product quality.
Though it is facing huge competing pressures from its rivals, the growth pace is a foundation for the corporation to fare better in 2019. The company has developed very flexible marketing policies and mapped out reasonable market expansion strategies.

In 2018, the corporation’s revenue totaled nearly VND6,400 billion, an increase of over VND1,000 billion from 2017, and its net profit was more than VND660 billion. In 2019, I.D.I expects VND7,600 billion of revenue and more than VND700 billion of profit after tax.

I.D.I is making a well-prepared investment strategy to complete the pangasius value chain for fastidious export markets. The company’s fish farming area reaches 300 ha, capable of meeting more than 80% of its input demand. Its two frozen aquatic plants are capable of processing 400 tons of fish a day and employing more than 5,000 workers. The firm is planning to build the third plant with a daily processing capacity of 400 tons.

Currently, I.D.I is urgently investing in a research institute for high quality stocks with technical support from Israeli experts.

Le Hoang Vu