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
(seafood.vasep.com.vn) Vietnam’s seafood exports in February 2026 reached approximately USD 707 million, up 8% compared to the same period last year. Cumulatively, exports in the first two months of 2026 totaled USD 1.7 billion, an increase of 20.2% year-on-year. The results show that the sector’s recovery momentum has remained relatively solid following strong growth in January, although the pace slowed noticeably in February for several key products and major markets. Within the overall picture, shrimp continues to be the largest pillar, pangasius rebounds strongly, while tuna exports and the U.S. and Korean markets are sending signals that warrant closer monitoring. In March, seafood exports are expected to gain additional momentum from markets other than the U.S., potentially supporting stronger growth.
(seafood.vasep.com.vn) In the first months of 2026, fishing activities in Quang Tri province recorded many positive signals, with output reaching over 15,941 tons. This result not only demonstrates fishermen’s efforts to stay offshore but also reflects the effectiveness of management and support measures implemented by local authorities.
(seafood.vasep.com.vn) In the first months of 2026, IUU prevention models focused on communication and mobilizing fishermen to comply with fisheries laws and avoid encroaching on foreign waters—related to combating illegal, unreported, and unregulated (IUU) fishing—have been implemented in coastal localities of Lam Dong province and have delivered initial positive results.
(seafood.vasep.com.vn) The sharp rise in raw pangasius prices to record levels is sending positive signals for the industry, but experts warn of potential supply–demand imbalances if production is not tightly controlled.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, the country’s total canned tuna export value in 2025 reached over USD 275 million, down 8% compared to 2024. Vietnamese canned tuna products were present in approximately 80 markets worldwide. However, the 2025 picture shows clear divergence: the U.S. maintained stability, the EU declined sharply, while several Middle East–North Africa (MENA) markets accelerated.
(seafood.vasep.com.vn) In 2025, Vietnam’s crab exports reached nearly USD 86 million, up almost 6% compared to 2024. A notable feature of 2025 was the strong market concentration in the United States, which accounted for more than 81% of Vietnam’s total crab export value, up 10% from the previous year. In contrast, exports to several Asian markets declined significantly, resulting in only modest overall growth for the year.
(seafood.vasep.com.vn) In 2025, Vietnam’s tilapia exports recorded impressive growth, with total export turnover reaching over USD 99 million, highlighting the increasingly important role of this product in the country’s seafood export structure. Of this total, tilapia fillets and other fish meat products accounted for USD 61 million, representing 61% of total export value and reaffirming their position as the key product category.
(seafood.vasep.com.vn) Shrimp seed quality is considered the “first link” and a decisive factor affecting the efficiency of the entire commercial shrimp production chain. High-quality seed directly influences survival rates, growth performance, and disease resistance, thereby determining production costs, productivity, and farmers’ profitability.
(seafood.vasep.com.vn) As part of its agricultural restructuring strategy toward sustainability, Quang Tri Province is gradually promoting environmentally friendly aquaculture models. Among these, organic-oriented golden pompano farming is considered a promising direction, aligned with the goals of enhancing production value and building sustainable rural areas.
(seafood.vasep.com.vn) The year 2025 marked a pivotal milestone for Vietnam’s seafood industry in its restructuring process toward sustainability, transparency, and higher value creation, amid continued uncertainties in the global economic and trade environment. Prolonged inflation in major economies, the rising trend of trade protectionism, and increasingly stringent requirements related to environmental standards, traceability, and social responsibility have posed significant challenges to seafood production and exports. Nevertheless, overcoming these pressures, Vietnam’s seafood sector has gradually demonstrated its adaptability, maintained growth momentum, and laid an important foundation for the next stage of development.
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