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) Vietnam’s pangasius exports have shown encouraging signs of recovery in 2026. In the first four months of the year, total export turnover reached USD 720 million, up 17% compared to the same period last year. This result reflects improving demand across many markets, as well as the efforts of Vietnamese pangasius enterprises to maintain production, secure orders, and adapt to changing market conditions.
(seafood.vasep.com.vn) In the first four months of 2026, Vietnam’s tilapia exports reached USD 49 million, up 151% compared to the same period in 2025. This impressive growth reflects positive momentum in the tilapia sector, with Brazil emerging as a key driver of growth, while frozen tilapia fillets continued to be the industry's leading export product.
(seafood.vasep.com.vn) Vietnam’s tuna exports to the UK have shown positive signs in the first months of 2026. While the UK’s overall tuna imports from the world declined, imports from Vietnam increased strongly, indicating that there is still room for Vietnam to expand its market share. However, behind this growth, competitive pressure remains intense, especially as the UK continues to be a major market for established suppliers such as Ecuador, Mauritius, and Ghana.
(seafood.vasep.com.vn) Biofloc technology is being piloted in several rice–shrimp farming models in Ca Mau Province, showing initial positive results in controlling pond environments, improving shrimp seed quality, and supporting sustainable aquaculture development.
(seafood.vasep.com.vn) In the first four months of 2026, Mexico, Brazil, and Colombia together contributed USD 108 million to Vietnam’s pangasius exports, accounting for around 15% of the industry’s total export turnover. Amid tightening global whitefish supply and slowing demand in several traditional markets, Latin America is increasingly becoming an important expansion destination for the sector.
(seafood.vasep.com.vn) Alongside the development of high-tech shrimp farming, Ha Tinh Province is accelerating the cultivation of high-value freshwater aquatic species, with red tilapia emerging as an effective and sustainable farming model.
(vasep.com.vn) Vietnam’s tuna exports reached USD 81 million in April 2026, down 6% compared to the same period in 2025. In the first four months of the year, export turnover totaled USD 289 million, down 4.8%. Although the overall export picture has yet to brighten significantly, market trends are becoming increasingly diversified rather than moving in a single direction.
(seafood.vasep.com.vn) Vietnam’s pangasius industry is undergoing strong restructuring starting from the broodstock and fingerling segment in order to improve productivity, quality, and export competitiveness. This is considered a critical foundation for the sustainable development of the industry amid rising production costs and increasingly stringent market requirements.
(seafood.vasep.com.vn) According to Vietnam Customs data, pangasius exports in April 2026 reached USD 206 million, up 18% compared to the same period in 2025 — marking another consecutive month of double-digit growth since the beginning of the year. Cumulative pangasius export turnover in the first four months of 2026 reached USD 720 million, up 17% year-on-year, reflecting the positive growth momentum of this key export product.
(seafood.vasep.com.vn) Vietnam’s shrimp exports in the first four months of 2026 maintained positive growth momentum, reaching approximately USD 1.5 billion, up 15% compared to the same period last year. However, behind this result lies diverging trends across markets, as the global shrimp industry continues to face pressure from inflation, high inventories, price competition, and increasing trade risks.
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