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.
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) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.
(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.
(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.
(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
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