Vinh Hoan Fish Hatchery Co.ltd was established in 2019 with the main business of domestic fish hatchery. As of 31 December 2019, the company’s charter capital was 50 billion VND, of which Vinh Hoan holds 96% of charter capital, equivalent to 48 billion VND and recorded as the investment invested in subsidiaries.
In terms of business activities, in the first quarter of 2022, Vinh Hoan Corp recorded revenue of VND 3,267.6 billion, profit after tax reached 553.3 billion VND, up 82.7% and 320.4% respectively compared to the same period last year. In which, gross profit margin improved from 15.2% to 23.8%.
During the period, gross profit increased by 185.6 % over the same period, equivalent to an increase of 505.9 billion VND to 778.5 billion VND; revenue increased by 88.8%, equivalent to 33.38 billion VND to 70.97 billion VND. Expenses rose to 124.3%, equivalent to an increase of 23.5 billion VND to 42.4 billion VND. In which, sales and administrative expenses went up by 2.4%, respectively increased by 3.34 billion VND to 142.66 billion VND; other activities did not change significantly.
In 2022, Vinh Hoan Corp set a target revenue of 13,000 billion VND, profit after tax reaching 1,600 billion VND, up 43.6% and 45.6% respectively compared to 2021. Thus, ending the first quarter year, the company completed 34.6% of the annual profit plan.
Compiled by Thuy Linh
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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