VDSC Securities has forecasted the third quarter of 2021 business results of Vinh Hoan Joint Stock Company with revenue of 2,249 billion dong, profit after tax of 233 billion dong, up 25% and 33% respectively over the same period last year.
In which, revenue from pangasius fillet segment increased strongly by 30% over the same period, thanks to a 24% recovery in average selling price while output increased by about 5%.
Previously, Vinh Hoan announced the total revenue of July and August was 1,470 billion dong, so in September, Vinh Hoan could record a revenue of about 779 billion dong.
For the whole year, Vinh Hoan's revenue will be at VND 8,771 billion, profit after tax is about VND 872 billion, up 25% and 24% respectively compared to last year's results.
Vinh Hoan's gross profit margin is expected to increase to 19.1% (up 4.91 percentage points) thanks to the increase in output and average selling price of pangasius fillets by 9% and 11% respectively.
In terms of exports, Vinh Hoan's pangasius fillet is expected to be less affected by the capacity reduction, as the company's fillet inventory is estimated to be sufficient for export in the last months of the year.
In general, in the last two quarters of the year, VDSC forecasts that export volume of fish fillets will decrease slightly by 3% yoy to 41,310 tons. For the whole year, this figure will likely increase by 9% to 81,610 tons.
Export volume is expected to decrease while the price of pangasius fillet is expected to increase, which will help improve the company's gross profit margin by 21%.
According to experts, the price of pangasius fillet is on an upward trend and increased by 31% over the same period in the second half of the year due to strong demand at the end of the year, especially in the US market and supply shortage.
(seafood.vasep.com.vn) The Quang Tri Department of Agriculture and Environment has instructed localities to base their stocking schedules on actual conditions in each farming area, while developing plans, allocating resources, and implementing synchronized measures for disease prevention and disaster risk management in aquaculture production.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s exports of fish cakes and surimi exceeded USD 45 million, up 7% compared to the same period in 2025, indicating a positive outlook for this product segment amid recovering demand in many markets.
(seafood.vasep.com.vn) During the week from April 4th to 10th, 2026, Quang Ngai province intensified its monitoring and law enforcement activities with the determination to eliminate illegal, unreported, and unregulated (IUU) fishing practices.
(seafood.vasep.com.vn) Thanh Hoa’s shrimp sector is undergoing a strong transformation by accelerating the adoption of high technology, helping to improve productivity, increase profits, and meet market demands. The province currently has about 4,100 hectares of shrimp farming, with output continuing to rise despite stable farming area, mainly due to the shift from traditional methods to intensive and super-intensive farming.
(vasep.com.vn) Amid ongoing volatility in global seafood trade, Vietnam’s crab exports have made a fairly positive start to 2026. According to Vietnam Customs statistics, export turnover in the first two months of 2026 reached nearly USD 55 million, up 24% compared to the same period in 2025 and more than 2.2 times higher than in the same period of 2024. This indicates that crab exports are entering 2026 with stronger growth momentum, particularly in Asian markets.
(seafood.vasep.com.vn) Da Nang City has fully implemented all recommendations from the European Commission (EC) regarding the fight against illegal, unreported and unregulated (IUU) fishing, creating an important foundation for the removal of the “yellow card” in the near future.
(seafood.vasep.com.vn) In Hoa Vang district (Da Nang City), red tilapia farming is demonstrating clear economic efficiency, becoming a promising livelihood that helps many households increase their income. A notable example is the model of Mr. Huynh Ngoc Nam, who operates two red tilapia ponds covering more than 4 hectares, generating stable annual income.
(seafood.vasep.com.vn) In Gia Vien district, tilapia farming—particularly the “duong nghiep” strain—is expanding rapidly and gradually becoming an efficient production model for local farmers. Hatcheries in the area are supplying high-quality, uniform, and disease-free fingerlings, meeting the growing demand for commercial farming.
(seafood.vasep.com.vn) On the afternoon of March 19, Vice Chairman of the Ca Mau Provincial People’s Committee, Le Van Su, chaired a meeting to address bottlenecks and propose solutions to expand the super-intensive whiteleg shrimp farming model using low water exchange and high biosecurity standards (RAS-IMTA).
(seafood.vasep.com.vn) On March 10, 2026, the Ho Chi Minh City People’s Committee issued Decision No. 1377/QD-UBND approving the Aquatic Animal Disease Prevention and Control Plan for the 2026–2030 period. The decision takes effect from the date of signing and replaces previous plans for the 2021–2030 period that had been issued prior to the administrative merger in Ba Ria – Vung Tau, Binh Duong, and Ho Chi Minh City.
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