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) The first two months of 2025 recorded positive signals in Vietnam's seafood export activities, with total revenue reaching USD 1.423 billion, growing 18.2% compared to the same period in 2024. In February 2025, the export value hit USD 655.197 million, showing an impressive growth of 42.6%.
(seafood.vasep.com.vn) Kiên Giang Province, home to over 13,000 fishing vessels, is intensifying efforts to combat illegal, unreported, and unregulated (IUU) fishing. Faced with challenges from offshore fishing, many vessels have shifted to near-shore fishing using destructive methods, severely damaging marine ecosystems.
(seafood.vasep.com.vn) Vinh Hoan Corporation (HOSE: VHC) continues to solidify its position as the leader in Vietnam's pangasius export industry with impressive business results in 2024 and positive prospects for 2025. Factors supporting growth, such as recovering demand, improved selling prices, and favorable international trade policies, make Vinh Hoan one of the top stocks to watch in investment portfolios for 2025.
Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.
On February 26, 2025, VinFast and the Vietnam Association of Seafood Exporters and Producers (VASEP) signed a comprehensive cooperation agreement to strongly promote green transformation goals. The collaboration between the two parties will contribute to the realization of the country’s sustainable development goals and help elevate the Vietnamese brand on the international market.
(seafood.vasep.com.vn) In 2024, the total brackish water shrimp farming area in Ca Mau reached 278,600 hectares, with a shrimp output of 242,000 tons. This output achieved 99.59% of the set target and marked a 4.57% increase compared to the same period last year. The average shrimp yield attained 869 kilograms per hectare per year, representing a 38 kilograms per hectare per year increase compared to 2023. Shrimp export turnover reached USD 1.12 billion, positioning Ca Mau amongst the nation's leading localities in this sector.
(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
(seafood.vasep.com.vn) In January 2025, the country's total seafood output was estimated at 594,100 tons, a 0.7% increase compared to the same period last year. Specifically, fish production reached 443,400 tons, up 0.7%; shrimp output was 56,300 tons, up 3.1%; and other seafood products totaled 94,400 tons, down 0.9%.
(seafood.vasep.com.vn) The industrial pangasius production in Vinh Long province in 2024 reached 95,100 tons, a 4% decrease compared to 2023. Despite the decline in production, positive trends in the final months of the year offer hope for improving economic efficiency in the near future. Additionally, the increase in the area for industrial pangasius farming and the maintenance of overall aquaculture area demonstrate the province’s efforts to sustain its production activities.
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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Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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