A major seafood exporter, Vinh Hoan Corp announced its nine-month revenue of nearly 6.6 trillion VND (283.2 million USD) and net profit of 1.04 trillion VND, up 9.6 percent and 153 percent year-on-year, respectively. Particularly, its net profit surpassed the goal set for the whole year by 67 percent.
In the third quarter alone, the company’s selling prices recorded the highest level since the beginning of the year and increased 37 percent over the same period of last year. It saw strong growth in sales of more than 50 percent in most products which helped lift the net profit in the third quarter to over 609 billion VND, a 3.6 times higher than the same period of 2017.
Ben Tre Aquaproduct Import and Export JSC and Sao Ta Foods JSC, two subsidiary firms of PAN Group, have had a good year.
Ben Tre Aquaproduct’s pre-tax profits exceeded its yearly target by 25 percent after nine months thanks to higher fish prices and lower expenses, due to self-sufficiency in fish material. Its revenues reached 308 billion VND (13.2 million USD), up 8.4 percent year-on-year, while cost of capital declined 5.5 percent.
Ending September, its net profit was 55 billion VND, 3.5 times higher than the same period of last year.
Sao Ta Foods has almost hit its yearly target with nine-month pre-tax profit of 128 billion VND, up 36 percent year-on-year and 91 percent of the goal for the whole year. It posted revenues of more than 2.8 trillion VND and net profit of 119 billion VND, up 17 percent and 27.4 percent on-year, respectively. Based on these figures, the company is confident that its profit will surpass the yearly target by 40-50 percent.
Seafood manufacturing Nam Viet Corp also announced its net profit exceeded 2018’s target by 23 percent with 250 billion VND earned in the last nine months, up 253 percent over the same period of last year.
The Ministry of Agriculture and Rural Development (MARD) estimated total output of aquatic products reached nearly 2.6 million tonnes in the last nine months, aquaculture production at more than 2.9 million tonnes and export value at 6.4 billion USD, up 5.1 percent, 6.6 percent and 7.2 percent on-year, respectively.
The US, Japan, China and the Republic of Korea remained top importing markets for Vietnamese seafood, accounting for combined 54.1 percent of total export value.
Tra fish production and exports have developed well since the beginning of this year despite the breeding crisis and barriers in import markets. MARD forecast raw fish supply for export in the last quarter would remain constrained, helping maintain the export price.
A similar situation would happen with shrimp exports together with the recovery of shrimp prices in global markets.
Many Vietnamese seafood processing companies have signed big export contracts for important holidays by the end of the year.
Expected big profits of fisheries firms have also boosted share prices of these companies. Shares of Nam Viet Corp (ANV) have doubled in value since the beginning of the year while shares of Vinh Hoan Corp (VHC) have climbed by 85 percent. Shares of Ben Tre Aquaproduct (ABT), Sao Ta Foods (FMC) and Vinh Hoan Corp (VHC) have risen by 18-74 percent each.
VNS/VNA
(seafood.vasep.com.vn) The year 2025 marked a pivotal milestone for Vietnam’s seafood industry in its restructuring process toward sustainability, transparency, and higher value creation, amid continued uncertainties in the global economic and trade environment. Prolonged inflation in major economies, the rising trend of trade protectionism, and increasingly stringent requirements related to environmental standards, traceability, and social responsibility have posed significant challenges to seafood production and exports. Nevertheless, overcoming these pressures, Vietnam’s seafood sector has gradually demonstrated its adaptability, maintained growth momentum, and laid an important foundation for the next stage of development.
(seafood.vasep.com.vn) Amid the increasingly evident impacts of drought and saltwater intrusion, the shrimp-rice production model in Ca Mau province continues to prove itself as a viable direction, contributing to higher farmer incomes, improved soil conditions and the promotion of ecological and sustainable agricultural development.
(seafood.vasep.com.vn) The management of fishing vessels, monitoring of fishing activities, and handling of violations in the fisheries sector in Lam Dong province have continued to be implemented in a synchronized and stringent manner, contributing to raising awareness of legal compliance among fishermen and aiming to end illegal, unreported and unregulated (IUU) fishing.
(seafood.vasep.com.vn) Can Tho’s fishery industry sustained steady growth in 2025 with total aquatic and marine output reaching nearly 783,000 tons, fulfilling 100% of the annual target. Aquaculture, capture fisheries and fishing fleet management were further strengthened, aiming for sustainable development in the coming years.
(seafood.vasep.com.vn) In 2025, Vietnam’s pangasius export turnover reached nearly USD 2.2 billion, up 8% year-on-year. This result indicates that pangasius exports maintained their growth momentum despite significant volatility in the global market environment. In December 2025, pangasius export value reached USD 200 million, up 10% compared to December 2024. This solid performance in the final month of the year reflects increased import demand for consumption and inventory replenishment in key markets.
(seafood.vasep.com.vn) In 2025, Vietnam’s tuna exports to Spain experienced significant fluctuations. According to Vietnam Customs, during the first 11 months of 2025, export turnover for the first 11 months of the year edged up by 0.3% year-on-year, reaching nearly $15 million.
(seafood.vasep.com.vn) Deputy Prime Minister Bui Thanh Son has signed Decision No. 16/QD-TTg, dated January 5, 2026, approving the implementation plan for the Vietnam-Israel Free Trade Agreement (VIFTA). Under the plan, in the coming period, ministries, ministerial-level agencies, government-affiliated entities and People’s Committees of provinces and centrally-run cities must institutionalize and execute tasks focused on the dissemination of information regarding VIFTA and the Israeli market; legislative and institutional development, as well as enhancing competitiveness and human resource growth...
(seafood.vasep.com.vn) Beyond achieving double-digit growth, Vietnam’s fish cake and surimi exports are showing a notable year-end "inflection point": the EU his accelerating with nearly twofold growth, China & Hong Kong are rising sharply, while the largest market, South Korea, signaled a slowdown in November. According to Vietnam Customs data, export turnover of fish cake and surimi reached $327 million in the first 11 months of 2025, up 22% year-on-year; November 2025 alone accounted for $35 million, marking a 5% increase. This serves as a critical foundation for exporters to reassess market structures and competitive intensity while finalizing order strategies for 2026.
(seafood.vasep.com.vn) Ca Mau, widely regarded as the nation’s “shrimp capital”, continued its strong performance in 2025 as shrimp output reached nearly 600,000 tons, maintaining its position as Vietnam’s leading shrimp-producing locality.
(seafood.vasep.com.vn) On December 29, 2025, at the 2025 Pangasius Industry Review Conference held in Can Tho City, the Vietnam Pangasius Association announced that fingerling prices have surged to record levels due to acute supply shortages.
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