Positive export growth has contributed to boosting business results of enterprises. According to data from VietstockFinance, the total revenue of 11 seafood enterprises (on HOSE, HNX, UPCoM) reached VND 39.6 trillion, up 32% over 2021. In which, 5 enterprises accounted for 87% of the whole industry's revenue, all of which grew over double digits.
According to SSI Research, the trend of devaluation of VND against USD during the year also benefits seafood businesses with revenue recorded in USD.
The biggest beneficiary from exporting pangasius to the US and China was Vinh Hoan JSC (HOSE: VHC) with revenue of 13.2 trillion dong, up 46% over the previous year. VHC's financial income also reached more than 459 billion dong, more than double the previous year thanks to more than 363 billion dong of unrealized exchange rate difference and 81.5 billion dong of deposit interest.
Exceeding the expectation of profit after tax (PAT) in 2022 by 25%, Vinh Hoan reached the PAT milestone of more than 2 trillion dong; net profit of more than 1.9 trillion dong, up 80% compared to 2022.
Also benefiting from pangasius exports, International Development and Investment Corporation - IDI (HOSE: IDI) and Navico (HOSE: ANV) increased revenue by 39% and 40%, respectively.
Compared to pangasius businesses, revenue growth of shrimp exporters was quite modest but still high compared to the previous year.
IDI's revenue reached 7.9 trillion VND, mainly from selling pangasius products and finished products accounted for 45%, sales of fishmeal and fish fat accounted for 37%.
ANV's revenue in 2022 reached nearly VND 4.9 trillion and tended to decrease in the second half of the year. The business results in the fourth quarter recorded a positive growth with an increase of 96% in net profit over the same period (VND 107 billion).
Compared to the ambitious PAT target of 900 billion for 2022, IDI only completed 62%. ANV fulfilled 77% of the plan with a pre-tax profit of nearly 774 billion dong. Although not meeting the annual target, in terms of growth, IDI and ANV are the two brightest enterprises reporting strong profits. IDI's net profit quadrupled to 543 billion dong, while ANV's profit increased 5 times to nearly 674 billion dong.
Compared to pangasius businesses, revenue growth of shrimp exporters was quite modest but still high compared to the previous year.
FIMEX VN (HOSE: FMC) achieved revenue of VND 5.7 trillion, up 10%. Most of them were revenue from selling seafood, nearly 5.5 trillion dong, up 10%; revenue from financial activities (mainly interest on exchange rate differences) was more than 73 billion dong, up 84%.
At the end of 2022, FMC's pre-tax profit is 328 billion dong, exceeding 9% of the year plan. After deducting tax, net profit reached 307.5 billion dong, up 15%.
Camimex Group JSC (HOSE: CMX) achieved more than VND 95 billion in profit after tax, equal to 32% of the year target. CMX's net profit only increased by 6% to 72 billion dong.
In general, the gross profit margin of seafood enterprises improved all compared to the previous year, reaching an average of 16%, while the previous year only reached 13%. The gross profit margin of pangasius exporters is larger than shrimp enterprises.
Compiled by Thuy Linh
(seafood.vasep.com.vn) With continued policy support, technological innovation and close coordination among authorities, businesses and farmers, Vietnam’s pangasius industry is expected to make a strong and sustainable breakthrough during the 2026–2030 period, reinforcing its position as the world’s leading exporter of the fish.
(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s tilapia exports to Asian markets showed varying trends across regions and countries. The Middle East recorded strong growth, with Saudi Arabia emerging as the largest Asian market for Vietnamese tilapia. ASEAN markets also expanded significantly, driven primarily by Malaysia. Meanwhile, Japan maintained solid growth, while exports to South Korea declined compared to the same period in 2025.
(seafood.vasep.com.vn) Shrimp and pangasius continued to lead growth, helping seafood exports reach $4.67 billion in the first five months of the year; however, differentiation among product groups and increasingly stringent requirements from importing markets are posing many challenges for the industry.
(seafood.vasep.com.vn) Every day, the seafood processing industry in Ca Mau generates large quantities of shrimp heads and shells during processing operations. In the past, these by-products were largely treated as waste, increasing production costs and posing potential environmental risks. However, thanks to advanced processing technologies, materials once considered waste are now being transformed into high-value products, creating a circular economy model within the seafood industry.
(seafood.vasep.com.vn) Vietnam Clean Seafood Corporation has invested in a 280-hectare super-intensive shrimp farming zone in Tran De Commune, Can Tho City, generating export value of approximately VND 3 billion per hectare per year—around 50 times higher than traditional agricultural production.
(vasep.com.vn) Vietnam’s seafood exports reached USD 1.02 billion in May 2026, up 0.6% year-on-year. Cumulative exports in the first five months of 2026 totaled USD 4.67 billion, an increase of 11% compared to the same period in 2025.
(seafood.vasep.com.vn) In a rapidly changing global seafood market, timely insights and reliable data are more critical than ever. The Report on Vietnam Seafood Exports in Q1/2026 provides a comprehensive overview of the latest developments in Vietnam’s seafood production, trade performance, and export trends, helping businesses navigate uncertainty and identify new growth opportunities.
(seafood.vasep.com.vn) While many major markets continue to experience slow growth, Russia has emerged as a brighter destination for Vietnamese tuna exports in early 2026. Export turnover to this market increased by nearly 55% in the first four months of the year, indicating a clear improvement in demand. Nevertheless, Russia remains a market that should be viewed with both optimism and caution.
(seafood.vasep.com.vn) Vietnam’s pangasius exports have shown encouraging signs of recovery in 2026. In the first four months of the year, total export turnover reached USD 720 million, up 17% compared to the same period last year. This result reflects improving demand across many markets, as well as the efforts of Vietnamese pangasius enterprises to maintain production, secure orders, and adapt to changing market conditions.
(seafood.vasep.com.vn) In the first four months of 2026, Vietnam’s tilapia exports reached USD 49 million, up 151% compared to the same period in 2025. This impressive growth reflects positive momentum in the tilapia sector, with Brazil emerging as a key driver of growth, while frozen tilapia fillets continued to be the industry's leading export product.
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