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) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
By the end of Q3/2025, Vietnam’s seafood industry recorded a clear recovery as a series of leading companies reported strong profits — some even achieving the highest results in their history. After several quarters struggling with high costs and weakened demand, the latest business results indicate a robust comeback across the industry.
(seafood.vasep.com.vn) On November 12 in Ho Chi Minh City, the Embassy of the Netherlands, in coordination with the Ministry of Agriculture and Environment, organized the Vietnam–Netherlands Business Forum under the theme “Shaping the future of sustainable aquaculture in the Mekong Delta.”
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