In the first 5 months of 2022, Vinh Hoan recorded a revenue of 6.432 billion VND, up nearly 90% compared to the same period in 2021. Pangasius's products generated 1,036 billion VND in revenue, up 101% from May 2021 but down 11% from the previous month.
By market, the US market's revenue continues flourishing with a growth rate of 157%, reaching 812 billion VND over the same period last year but a loss of 19% to the previous month. The second market has seen a significant gain is the domestic market, which has risen to 256 billion VND, an increase of 100% however a decrease of 4% to April. The two markets, China and Europe, saw an increase in revenue compared to the same period last year and also the previous month.
Vinh Hoan's business results grew strongly in the context of the pangasius industry having many advantages. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), after 2 years of restraint because of the Covid-19 pandemic, the demand in markets is recovering and exploding. The supply in the markets was not enough to meet the demand causing inflation to increase. The record high food and seafood price in the world has created favorable conditions for Vietnam's pangasius exports; sales have increased sharply, especially to the US, EU and China markets.
Vietnam seafood exports fell in May after hitting a new record of 1.1 billion USD in April, but still achieved 1 billion USD, a 27% increase over the same period previous year. Accumulating 5 months, seafood export reached 4.6 billion USD, up 42% over the same period last year. In which, shrimp exported 1.8 billion USD, up 38%; pangasius reached 1.2 billion USD, up 90% compared to the same period last year. Shrimp exports went up by 38% to 1.8 billion dollars, while pangasius exports increased by 90% to 1.2 billion dollars.
Also related to Vinh Hoan, the company has just announced that it has sold all 1,430,930 treasury shares at a price of more than 107.000 VND/share and earned 154 billion VND.
The transaction using agreement or order matching was conducted through the trading system of the Ho Chi Minh Stock Exchange from May 30 to June 14. After successfully performing the transaction, the number of treasury shares of the company returned to zero.
Previously, on May 19, Vinh Hoan announced that it would sell more than 1.4 million shares to increase working capital for production and business activities. This decision takes place while the company's stock price is trading at a highest price ever since it’s listed on the market (December 24, 2007). On April 30, Vinh Hoan's share price reached 117.000 VND/share, then dropped to 102.000 VND/share in the session ending June 16.
After successfully selling treasury stocks, Vinh Hoan plans to issue ESOP stocks to its key leaders in the near future.
Compiled by Thuy Linh
Source: ETime
With Tet (Lunar New Year) approaching, fishermen along Vietnam's central coast are capitalizing on favourable weather conditions to intensify their fishing efforts, meeting the burgeoning demand for seafood across the nation.
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(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
