In 2016, the export turnover of the company hit US$272 million, picking up 15% out of a total of 200 seafood enterprises. The company owns a closed production chain with five pangasius processing factories with the total capacity of 750 MT/day in 2016, two byproduct processing factories (fishmeal, fish fat) with the total capacity of 70,000 MT/year. Besides, the company also has a collagen and gelatin factory (extracted from fish skin) with a capacity of 1,000 MT of gelatin per year and 1,000 MT of collagen per year. The company can self-supply 65% of raw pangasius for its processing plants.
The growth rate of the company’s export turnover in the past 20 years was an average of 19% per year, that in the last 10 years (2007-2016) was 15%, which is 2.5 time higher than the general growth rate of the whole sector (6%).
In the early 2016, Vinh Hoan set a three-year plan with the revenue growth of 15-20% per year, and expected to reach VND10,000 billion in 2018 by expanding its production scale in parallel with product and market development. Sales in 2016 was up 12% year on year. In addition to remaining its current markets, the company is focusing on expanding its direct distribution channels and opening up 5 new markets namely Pakistan, Thailand, India, Greece and Reunion. Shipments to Japan, China and Mexico showed the impressive growth of 60%, 135% and 80%, respectively. Moreover, the company has successfully put its products with the brand of Vinh Foods into Mercadona, the largest supermarket chain in Spain.
In early 2017, the company completed the acquisition of 100% stake in Thanh Binh Dong Thap Fisheries Jsc. The company completed the construction of two factories of Van Duc Tien Giang, one for processing pangasius fillets, one for value-added products. The acquisition of Thanh Binh Company meets Vinh Hoan's capacity expansion needs, which rises by 20%. In addition, Vinh Hoan is planning to build a fishmeal and fish fat factory to optimize its byproducts from pangasius.
Compiled by Dieu Thuy
(seafood.vasep.com.vn) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.
(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.
(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.
(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
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