Vinh Hoan Corp: Obtained USDC’s certificate

Prior to the certification, Vinh Hoan Corp had requested for USDC’s audit every six months. USDC investigated Vinh Hoan Corp’s processing unit for the first time in 2008. After four investigations and evaluations on hygiene conditions and production process, etc. (especially before, during and after production) , USDC officially granted Vinh Hoan Corp the Certificate for Seafood Processing Unit that complies with USDC Control Program in April 2010.

Up to now, Vinh Hoan Corp is the first Vietnamese seafood establishment to be granted such certificate. This will create favorable conditions for Vinh Hoan’s Pangasius to penetrate deeper into the U.S. market.

At its annual stock holders’ meeting, the Corp. set the target to achieve VND 2,410 billion in revenue and VND180 billion in post-tax profit in 2010. According to its financial report, in Q1/2010, Vinh Hoan Corp earned VND644.5 billion in net revenue, which increased by VND129.3 billion or up 25.1 percent year-on-year. Its pre-tax and post-tax earnings netted VND106 billion and VND38 billion respectively, up 45 percent and 83.7 percent one by one against the same period last year.

Vinh Hoan Corp