On April 25th, 2011, Vinh Hoan Corp held the 2011 Annual General Meeting of shareholders.
“This year, Vinh Hoan Corp plans to build a rice processing plant which has production capacity of 1,000 MT a year, with total investment of VND90 billion. This is a potential sector contributing to complete the company’s closed production chain,” Truong Thi Le Khanh – Chairwoman and General Director of Vinh Hoan Corp said.
According to the company’s report, Vinh Hoan Corp’s exports in Q.1/2011 were US$32 million, up 9 percent compared with 2010. The parent company expected to reach VND800 billion of sales and VND72 billion of net profit. Its affiliate Vinh Hoan Feed Joint Stock Company (Vinh Hoan 1) gained VND317 billion of turnover and VND19 billion of net profit.
Beside the key pangasius exports of US$29.2 million in Q.1/2011, Vinh Hoan Corp also generated US$1.6 million from exporting value-added seafood products which accounted for 5 percent of its total seafood exports.
In 2010, processed seafood sales reached VND2,758 billion, leading to a total net profit of VND186 billion. Turnover of its feed factory was over 1,000 billion, bringing VND59 billion of net profit.
At the the 2011 Annual General Meeting of shareholders, the company released its new business plan, expecting to boost seafood exports to US$135 million, sales from processed seafood to VND3,000 billion and feed sales to VND1,200 billion.
Also this year, Vinh Hoan Corp plans to increase its pangasius farming area by 100 hectares to ensure 100 percent of raw materials for processing in the coming years and 80 percent of the total 70,000 MT of raw pangasius each year.
The company invests more VND15 billion to build new packaging plant and VND5 billion for the feed factory of Vinh Hoan 1.
In 2011, Vinh Hoan Corp strives to receive ASC and BAP certificates for its fish farming areas and Global GAP certificate for its feed mill and hatchery.
On 3 May, Vinh Hoan and Halieutis bested 35 competitors to be awarded top honors at the 11th annual Seafood Prix d’Elite new products competition at the European Seafood Exposition.
Vinh Hoan Corp. of
VINH HOAN CORP
Ms. Truong Thi Le Khanh – Chairwoman and General Director
Add:
Tel: +84 67 3891166
Fax: +84 67 3891062
E-mail: vh@vinhhoan.com.vn
Website: www.vinhhoan.com.vn
ĐNH
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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