In 2009 and the first six months of 2010, the company experienced the positive growth rate of about 20%. The market of EU and the U.S. accounted for 76% of the total pangasius export turnover of Vinh Hoan Corp.
According to Mrs. Truong Thi Le Khanh, the Chairwoman and General Director of Vinh Hoan Corp, the company’s products have been taken to the U.S’s major consuming systems. Therefore, it is estimated that volume of Vietnam’s pangasius in general and of Vinh Hoan Corp’s pangasius in particular exported to the U.S. will increase since 2010.
Vinh Hoan Corp is one among few pangasius processing companies which early have constructed the enclosed production model, helping the company control product’s quality better as well as reduce risk of material change, thus bringing to the ability of penetrating into main exporting markets. Vinh Hoan Corp is now one of the first 4 Vietnam’s pangasius companies granted Global GAP certificate which enables the company to increase its prestige in the international market and to achieve higher price of 10-20%.
Vinh Hoan Corp is heading toward value-increasing strategy with projects of processing collagen from fish skin or raising seabass for export. These projects are evaluated to have great potentials and they can make the company’s profit increase by VND 50 billion in 2012 and VND 100 billion in 2013.
For project of producing collagen from fish skin by-product, the total capital is about 12 million USD with designed capacity of 1,000 tons per year. Vinh Hoan Corp anticipated finishing the company establishment in September, 2010; starting the construction in February, 2011 and promoting product consumption in December, 2011.
In term of seabass raising project for export, Vinh Hoan Corp has just developed its new products, seabass fillets for export. Seabass product enjoys 25 - 30% higher profit compared with normal pangasius and is more 10-15% profitable than pangasius with Global GAP certificate. Seabass products are planned to export to the U.S, EU and Australia. At present, Vinh Hoan Corp has seabass farming area of 68 ha and will expand more 230 ha since 2012.
VINH HOAN CORP
Mrs.Truong Thi Le Khanh – Chairwoman and General Director
Add: National Road 30, Ward 11, Cao Lanh City, Dong Thap Province
Tel: + 84 67 3891166
Fax: +84 67 3891062
Email: vh@vinhhoan.com.vn
Web: www.vinhhoan.com.vn
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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