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
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(seafood.vasep.com.vn) Favorable weather conditions in the early months of 2026 have brought encouraging signs for fisheries activities in Quang Tri. Output has grown steadily, contributing to improved livelihoods for local residents.
Entering 2026, Vietnam’s seafood industry is facing a period of both high expectations and mounting pressures. Following the positive recovery in 2025, production and export activities in Q1/2026 demonstrated the strong adaptability of Vietnam’s seafood business community amid continued global trade volatility, intensifying international competition, and increasingly stringent compliance requirements in import markets.
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(seafood.vasep.com.vn) Vietnam’s tuna exports continued to decline in March 2026. Cumulatively, in the first three months of the year, export value reached USD 208 million, down 4% compared to the same period in 2025. The export landscape shows clear divergence across markets: while the U.S. and EU remain challenging, markets such as Russia, the Middle East, Egypt, the Philippines, and Mexico have emerged as growth bright spots.
(seafood.vasep.com.vn) In Quang Ngai Province, shrimp farming costs are rising sharply due to लगातार increases in feed, fuel, and input material prices, while farm-gate shrimp prices are declining. This has significantly reduced farmers’ profit margins and increased production risks.
(seafood.vasep.com.vn) Vietnam’s tilapia exports are experiencing impressive growth, reflecting expanding global demand as well as the sector’s development potential. However, behind the strong growth figures lie limitations in production capacity and supply chains, highlighting the need for sustainable development in the coming period.
(seafood.vasep.com.vn) Vietnam’s pangasius exports to the Middle East in 2025 and early 2026 have shown notable growth. However, escalating geopolitical tensions in the region have increasingly impacted export activities since March. This situation presents a challenge of balancing market expansion opportunities with rising trade risks.
(seafood.vasep.com.vn) The Quang Tri Department of Agriculture and Environment has instructed localities to base their stocking schedules on actual conditions in each farming area, while developing plans, allocating resources, and implementing synchronized measures for disease prevention and disaster risk management in aquaculture production.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s exports of fish cakes and surimi exceeded USD 45 million, up 7% compared to the same period in 2025, indicating a positive outlook for this product segment amid recovering demand in many markets.
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