Vinh Hoan Corp targets to achieve VND1 trillion in profit after tax by 2019

News 11:05 05/06/2017
(seafood.vasep.com.vn) Vinh Hoan Corp, the leading pangasius company of Vietnam, expected to achieve an average annual revenue and profit growth rate of 15% per year in the context of scarce raw material and high prices.

At the Annual General Meeting of Shareholders held on 5th May 2017, Ngo Nguyen Vi Tam - General Director of Vinh Hoan Corporation (VHC) said in early 2016, VHC targets increase by 15-20% per year in its sales in the next three years. The company also targeted to achieve VND1 trillion in profit after tax by 2019.

In 2016, consolidated sales of VHC came to VND7,303 billion, of which the export value accounted for more than 86% and maintained a steady growth for a decade. Profit after tax was more than VND567 billion, up 75% over the previous year. These were mainly driven by applying a close model, raising the rate of self-sufficiency of materials by 65% ​​to reduce costs, especially in the months of scarce raw materials due to unfavorable weather and the developing high-quality products, value-added products with high profit margin. While the average selling price of companies decreased slightly, that of Vinh Hoan's products did not fluctuate, about 50% higher than the average.

By the end of 2016, the company exported its products to more than 40 countries, up 5 new markets year on year, in which, sales to Japan and Mexico recorded a tremendous growth. However, exports to the U.S, the main importing market, reduced its proportion to 58%. Meanwhile, in 2016, exports of the company to China climbed up 30% thanks to high demand.

www.vinhhoan.com

Compiled by Dieu Thuy

TIN MỚI CẬP NHẬT

Vietnam Seafood Summit 2026: Exploring new growth opportunities for Vietnam’s seafood industry

 |  08:46 16/10/2026

(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.”

Business leader Do Ngoc Tai: Vision, determination, and ambition to take Vietnam’s seafood industry further

 |  11:56 14/10/2026

(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.

Global tilapia supply is being reshaped, opening new opportunities for Vietnam

 |  08:27 13/10/2026

(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.

Vietnam’s tuna exports to the UK rise 12%, with further market share gains still possible

 |  08:38 12/10/2026

(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.

Marine conservation to be strengthened to protect livelihoods and blue economy

 |  09:11 08/10/2026

(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.

Vietnam’s shrimp exports to the EU: opportunities remain as the market shifts

 |  09:18 07/10/2026

(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.

Vietnam’s surimi exports: the imperative for continued expansion into high-demand markets needed

 |  08:25 06/10/2026

(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.

Dong Thap accelerates pangasius farming and deep processing

 |  08:27 05/10/2026

(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.

Seafood exports surpass US$9 billion in the first nine months, growth slows in Q4

 |  09:24 02/10/2026

(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.

Vietnamese tilapia to Brazil: growth recovers but challenges remain

 |  13:31 01/10/2026

(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

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