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) With a range of synchronized solutions, from institutional improvements and strengthened communication to strict fleet control, Quang Ninh is stepping up efforts to combat illegal, unreported and unregulated (IUU) fishing, determined to join the country in soon having the European Commission’s (EC) “yellow card” lifted.
(seafood.vasep.com.vn) The year 2025 closed with a remarkable milestone for Vietnam’s shrimp industry. According to Vietnam Customs, the country’s total shrimp export turnover in 2025 reached USD 4.6 billion, up 19% compared to 2024 and the highest level ever recorded.
(seafood.vasep.com.vn) During the 2026–2030 period, Quang Tri province aims to convert 771 fishing vessels currently engaged in activities detrimental to marine resources and the ecological environment to more environmentally friendly fishing practices or shift entirely to other economic sectors.
(seafood.vasep.com.vn) 2025 recorded a breakthrough growth in Vietnam’s tilapia exports, in which the U.S market emerging as the primary growth driver. The total export turnover of Vietnamese tilapia to the United States reached $53.15 million during the year, surging 173% year-on-year and accounting for 54% of Vietnam’s total tilapia export value, thereby making the U.S the largest import market for this commodity. Compared to 2024, tilapia exports to the U.S posted robust growth, reflecting the import demand as well as the ability of Vietnamese enterprises to capitalize on market opportunities amidst volatile global competitive dynamics.
(seafood.vasep.com.vn) After two consecutive years of decline, Vietnam’s fish cake and surimi exports rebounded in 2025. Export turnover of this product group exceeded USD 344 million, up 15% year-on-year compared with 2024 and 13% higher than 2023, although still below the peak level recorded in 2022.
(seafood.vasep.com.vn) By the end of 2025, Vietnam’s seafood industry had left a strong mark with export turnover reaching nearly $11.3 billion, up 12.4% year-on-year. This robust performance reflects not only a rebound in global consumption demand but also the agile adaptation of domestic firms in navigating increasingly stringent trade barriers.
(seafood.vasep.com.vn) According to the 2025 review and 2026 outlook conference held by the Directorate of Fisheries and Fisheries Surveillance on the afternoon of January 7, Vietnam’s seafood sector has set a total production target of over 10 million tons in 2026, representing a 0.6% increase year-on-year. Of this total, capture fisheries are projected at around 3.75 million tons (down 2.1%), while aquaculture output is expected to reach 6.25 million tonnes (up 2.2%) compared with 2025.
(seafood.vasep.com.vn) Sao Ta Food JSC (Fimex, Ticker: FMC) has announced its 2025 business results, reporting revenue of over $300 million (approximately 7.8 trillion VND), representing a 19.8% increase year-on-year; projected profit is expected to reach approximately 420 billion VND.
(seafood.vasep.com.vn) Vietnam’s fisheries sector concluded 2025 with landmark achievements: export turnover reached a record high, despite heightened volatility in global trade and increasingly stringent barriers from major markets, most notably the United States. Amid a mix of opportunities and challenges, the fisheries sector also witnessed important policy shifts. Together, these developments form a multifaceted picture of an industry proactively adapting and restructuring toward a trajectory of sustainable development.
(seafoos.vasep.com.vn) According to the Department of Agriculture and Environment of Vinh Long, the province’s shrimp farming area reached 69,800 hectares in 2025, including 7,500 hectares under high-tech farming models, 18,820 tons of black tiger shrimp and 293,000 tons of whiteleg shrimp.
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