VHC is the leading company in the pangasius export industry and maintains its market share around an average of 15% during 2016-2020. This has brought VHC many advantages.
According to experts from Phuc Hung Securities Company (PHS), VHC is more resilient to difficulties from COVID-19 than its other companies. In the first 9 months of 2020, while the industry's revenue on average decreased by 25% year-on-year, VHC's revenue decreased only by 11% year-on-year, lower compared to other businesses.
Besides, VHC is one of the leading enterprises in the directing of developing the pangasius industry. In addition to environmental protection, sustainable development will contribute to increase the company's product value to consumers. VHC is implementing a production method relating to a cyclic economic model, linking production development with protection of the environment and ecosystem, and wastes in the production and processing process are reproduced for production of the input products used for the next stage.
Currently, VHC has a hatchery with high-tech seed production projects, 610ha of farming, 5 factories for processing fish fillets, 1 factory for processing value-added products, 2 factories for fish fat and fish meal production, 1 collagen and gelatin factory. Furthermore, in order to perfect the recirculating economic model, VHC is aiming to build a packaging recycling plant, plan on making wastewater ponds near agricultural areas, recycle fish and reduce water use.
In addition, VHC also produces collagen from fish skin. In October 2019, VHC launched Collagen product named Vinh Wellness. This is the collagen processed from byproducts of the first pangasius processing in the world to obtain ASC certification. The collagen factory with a capacity of 3,500 tons per year is estimated to contribute an additional 3% to VHC's revenue each year.
Besides, according to experts, free trade agreements such as the European Union and Vietnam Free Trade Agreement (EVFTA) will bring many benefits to Vietnamese seafood enterprises in general and VHC in particular.
EVFTA promises to help VHC expand the EU market in the future. As soon as EVFTA comes into effect, the import tax on frozen fillets to the EU from 1 August 2020 will be reduced from 5.5% to 4.13% and by 2023 it will be 0%. The EU market is expected to return to being a 500-million-USD market for Vietnamese pangasius. Moreover, EVFTA will help raise the competitive position of Vietnamese pangasius in front of China and Indonesia.
The US is one of the main export markets of VHC with a value of about 4.2 trillion VND and accounts for about 54% of total revenue in 2019. VHC's export value to the US grows at a growth rate of about 2% annually in the period 2015-2019, from 3.8 trillion VND in 2015 to 4.3 trillion VND in 2019.
In addition, the US Department of Commerce (DOC) has just announced the preliminary results of the 16th anti-dumping tax review (POR16) for the period from August 1, 2018 to July 31, 2019 for Vietnamese pangasius products exported to the US market. Accordingly, VHC's exported pangasius products get the tax rate of USD 0.09/kg, 2.7 times lower than the applicable national tax rate.
2020 is a difficult year for the whole Vietnamese pangasius industry. By 2021, it is expected that the pangasius industry will recover when the COVID-19 pandemic is controlled in export markets.
Contacts of Vinh Hoan Corp: http://seafood.vasep.com.vn/suppliers/keyword/vinh%20hoan/type/2
(vasep.com.vn) On November 11, 2026, in Can Tho, the Vietnam Association of Seafood Exporters and Producers (VASEP) will organize the Vietnam Seafood Summit 2026 (VSS 2026) under the theme “Seafood Market Outlook 2027–2029: Opportunities and Headroom for Double-Digit Export Growth.”
(seafood.vasep.com.vn) Business leader Do Ngoc Tai, General Director of Tai Kim Anh Seafood Processing Joint Stock Company, was honored by the Vietnam Chamber of Commerce and Industry (VCCI) with the title “Outstanding Vietnamese Entrepreneur – Thanh Giong Cup 2026” at a ceremony celebrating Vietnam Entrepreneurs’ Day (October 13). The event took place on the evening of October 11, 2026, at the National Convention Center in Hanoi.
(vasep.com.vn) The global tilapia market is becoming increasingly segmented, not only among producing countries but also by product type and destination market. Supply is divided into groups with distinct competitive advantages: large volumes of whole fish and frozen fillets from Asia, high-value fresh fillets from Latin America, and substantial domestic consumption in several major producing countries.
(vasep.com.vn) Vietnam’s tuna exports to the UK grew in the first eight months of 2026, despite signs of slowing import demand in the market. However, sharp fluctuations in orders, competition from major suppliers, and new traceability requirements are creating challenges for Vietnamese exporters.
(seafood.vasep.com.vn) Vietnam is stepping up efforts to combat illegal fishing, protect marine ecosystems, expand digital monitoring, and develop science-based management to ensure the sea can support communities and the economy for generations to come.
(seafood.vasep.com.vn) The EU remains a critical market for Vietnamese shrimp; however, purchasing demand and import patterns are undergoing notable changes. According to Vietnam Customs data, as of September 15, 2026, Vietnam’s shrimp exports to the EU reached nearly $374 million, down 5% year-over-year and accounting for 10.7% of the country’s total shrimp export value. Meanwhile, the EU’s stotal shrimp imports through July 2026 contracted by 7% in volume, exhibiting divergent trends across Southern Europe, Northwestern Europe and Eastern Europe. These dynamics necessitate that Vietnamese enterprises closely monitor individualized market demand, rather than approaching the EU as a monolithic consumer block.
(seafood.vasep.com.vn) In the first eight months of 2026, Vietnam’s exports of surimi and fish cakes remained relatively stable year-over-year compared to 2025. Following a contraction in the initial months, export performance demonstrated improvement from June onward, peaking in August. However, the recovery has been uneven, characterized by divergent trends across major markets: robust growth was recorded in China, Japan, Malaysia, the United States, and Taiwan, whereas export volumes to South Korea, Indonesia, and select European markets contracted.
(seafood.vasep.com.vn) Pangasius remains one of Dong Thap’s key aquaculture species, with the province focusing on developing an integrated value chain covering seed production, commercial farming, deep processing and by-product utilization. The province is promoting high-tech, circular pangasius farming models featuring reduced water exchange and enhanced biosecurity, aiming to improve production efficiency and strengthen control over raw material quality.
(vasep.com.vn) Vietnam’s seafood exports in September 2026 are estimated at US$1.135 billion, up 11.9% year-on-year, bringing total exports in the first nine months of the year to US$9.103 billion, up 11.4%. Behind this double-digit growth, however, increasingly divergent market trends are emerging: China–Hong Kong and ASEAN posted strong growth, while the U.S., EU and Japan all recorded declines in September.
(vasep.com.vn) In the first eight months of 2026, Brazil became the largest market for Vietnamese tilapia, with export value reaching US$44 million, up 22,142% year-on-year and accounting for 49% of Vietnam’s total tilapia exports. In August alone, exports to Brazil reached US$4 million. However, behind this remarkable growth is a market that is imposing increasingly stringent requirements on imported supplies.
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
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