Vinh Hoan Corp: Seizing opportunities for long-term growth

News 08:00 17/02/2021 Lê Hằng
(seafood.vasep.com.vn) Although heavily affected by the COVID-19 pandemic, Vinh Hoan Joint Stock Company (code VHC) - the largest pangasius exporter in Vietnam - still achieved positive business results in 2020. In 2021, with many resources and objective factors, new opportunities are opening up for VHC.

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.

Vinh Hoan's marinated pangasius

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

Bạn đang đọc bài viết Vinh Hoan Corp: Seizing opportunities for long-term growth tại chuyên mục News của Hiệp hội VASEP
pangasius export pangasius exporter

TIN MỚI CẬP NHẬT

Vietnamese pangasius: from export recovery to the need for upgrading the value chain

 |  09:24 04/06/2026

(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.

Vietnamese tilapia accelerates growth, creating opportunities to upgrade product structure

 |  09:20 02/06/2026

(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.

Vietnam’s tuna market share in the UK expands while overall imports decline sharply

 |  08:50 31/05/2026

(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.

Ca Mau pilots Biofloc technology in rice–shrimp farming models

 |  09:23 29/05/2026

(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.

Latin America emerges as a growth driver for Vietnam’s pangasius exports

 |  09:21 28/05/2026

(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.

Ha Tinh expands high-tech red tilapia farming

 |  09:18 27/05/2026

(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.

Vietnamese tuna exports seek momentum from growth markets

 |  09:00 25/05/2026

(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.

Pangasius industry restructures from broodstock to enhance competitiveness

 |  08:59 23/05/2026

(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.

Pangasius exports in April 2026 rise 18%, U.S. market shows signs of recovery

 |  08:21 21/05/2026

(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.

Shrimp exports in the first four months of 2026: Stable demand from Asia, rising pressure from the US market

 |  08:55 19/05/2026

(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.

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

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC