IDI continues to rank among the top Seafood processing and Exporting companies in Vietnam

DNHN - The International Development & Investment Corporation (IDI) – a key member of Sao Mai Group – has consistently ranked among the top seafood processing and exporting companies in Vietnam.

The Vietnamese seafood export market has recently received a series of optimistic updates from the U.S., China, the Middle East, and ASEAN countries. Recently, the U.K., Brazil, and Thailand have also unexpectedly increased imports of Vietnamese pangasius fish to meet year-end shopping demands. This presents a major opportunity for the Vietnamese pangasius industry as seafood companies are quickly seizing new growth prospects.

In 2024, IDI was one of six Vietnamese pangasius exporters granted low anti-dumping tax rates (under POR19) by the U.S. Department of Commerce (DOC). This preferential tax policy has opened the door wider for IDI’s seafood exports to the U.S.

Earlier in July, IDI signed a strategic partnership agreement with PATAGONIA CUISINE LLC in Atlanta, Georgia, to develop markets in the U.S. and South America. Both sides are working together to establish the "IDI brand," strengthening the company’s resources for sustainable growth.

After a prolonged period impacted by the Covid-19 pandemic, IDI has made a strong comeback with bold post-pandemic moves. IDI’s 2024 Customer Conference marked a “transition” from a preparatory phase to a “final sprint” toward acceleration. IDI chose LAMORI Resort & Spa (Tho Lam Commune, Tho Xuan District, Thanh Hoa Province) to host a large-scale event from November 1-4, 2024, to discuss significant strategic decisions. According to the conference, IDI’s production capacity reached approximately 100,000 tons of raw fish per year, and by the first ten months of 2024, the company had met nearly 90% of its production target. Its linked farming model supplied up to 80% of raw materials, highlighting the model's stability over the years, which has allowed IDI to maintain price control and secure market access in all situations.

With the philosophy "Product quality and corporate reputation build the brand," the production of commercial pangasius from IDI’s linked farms consistently excels in both quality and quantity, earning high market ratings. IDI’s products are now available in 50 countries and territories worldwide. The quality of the commercial fish is guaranteed by factors such as the experience of participating farmers, the quality of fish breeds, and feed. Among these, Sao Mai Superfeed, dubbed "the smart choice," has become popular among farmers and clients as the key to success.

At the Customer Conference in the seafood sector, Sao Mai Superfeed introduced a new product line called SMT24, featuring protein and micronutrient levels tailored to today’s market, helping farmers save costs while maintaining productivity and fish quality.

Specializing in pangasius feed with products suited to different stages of the fish’s life—fingerlings, mature fish, and market-sized fish—Sao Mai Superfeed has ramped up production capacity to 500,000 tons per year to meet increased demand in the pangasius export market. The launch of Sao Mai Superfeed is a crucial link that connects with IDI to complete Sao Mai Group’s closed-loop chain for farming and processing export seafood.

According to its plan, IDI is setting up a high-quality breeding center and constructing a seafood processing plant in the U.S. (also known as Plant No. 3) with an investment of nearly VND 1 trillion, a daily processing capacity of 120 tons, and an annual output of 20,000 tons of frozen fillet fish.

Although seafood exports have seen positive growth, they still face numerous challenges due to global economic uncertainties. However, IDI remains proactive and responsive, implementing various positive measures to adapt flexibly to complex market changes. The company continually modernizes its management processes, improves product quality, adopts advanced, clean production technologies, ensures food safety, reduces costs, and enhances competitiveness. IDI is committed to achieving a profit growth target of 276% as set out in the 2024 Annual General Meeting of Shareholders.