Top Vietnamese pangasius exporting companies over the past decade

Vinh Hoan Corporation: Vinh Hoan Corporation has consistently held the leading position over the past decade, albeit with minor contractions in export turnover in recent years.  However, Vinh Hoan has maintained its preeminence due to a commitment to sustainable development strategies, product quality enhancement, and the expansion of export markets, particularly in value-added product segments. Vinh Hoan has remained Vietnam’s largest pangasius exporter for ten consecutive years. The United States constitutes the corporation’s primary export market. In 2015, Vinh Hoan exported nearly USD 228 million to the U.S., accounting for a substantial 3.41% of the total market share.  Vinh Hoan retained its number one ranking within the Top 5, with export turnover in 2024 exhibiting an approximate 15% increase compared to 2023.

Nam Viet Corporation: Nam Viet Corporation demonstrates steadfastness characterized by growth and stability, consistently securing a position within the Top 5 throughout the past decade. Despite variations in proportional contribution to aggregate turnover, the company’s export turnover has remained robust and progressively increased from USD 93 million in 2015 to USD 126 million in 2022. Nam Viet prioritizes the maintenance of stability and sustainable growth. The corporation has proactively established a rigorous quality management system and implemented production process enhancements to reduce expenditures and augment efficiency. This stability has been instrumental in securing a firm foothold within the industry.  Despite the broader pangasius sector confronting multifaceted challenges in 2024, Nam Viet’s export turnover in 2024 remained stable relative to 2023.

Van Duc Tien Giang Food Export Company: Van Duc Tien Giang has emerged as a constituent of the Top 5 in recent years, demonstrating robust growth. The year 2022 witnessed an approximate 90% surge in export turnover compared to 2020, propelling the company to the 3rd rank in 2022. This performance underscores Van Duc Tien Giang’s ongoing commitment to product quality refinement and the expansion of exports into international markets. Export turnover in 2024 exhibited an approximate 40% growth compared to 2023.

IDI International Development and Investment Joint Stock Company: IDI Corporation represents a pangasius exporting entity that has experienced positional shifts within the Top 5, indicative of the intense competitive pressures faced amidst sector-wide challenges. The company has implemented adjustments to its business strategy, expanded production capacities, diversified its product portfolio, and actively pursued new markets.

Bien Dong Seafood Co., Ltd: Bien Dong Seafood Co., Ltd experienced substantial growth during the period spanning 2015-2019.  In 2023, export turnover contracted amidst intensifying competition and fluctuations in the international market landscape. Nevertheless, the company sustained its position within the Top 5 due to its capacity to adapt its strategies and maintain product quality standards. In 2024, Bien Dong was no longer among the top 5 leading enterprises, with Truong Giang Seafood Corporation superseding its position.