At the end of the trading session on 1st June 2022, Vinh Hoan's VHC hit the ceiling price with 109,900 VND/share, liquidity of more than 3.4 million units. This is also the new level of VHC in the past 15 years, the capitalization accordingly increased to VND 20,000 billion, up nearly 75% from the beginning of the year.
VHC's strong price increase is a reflection of its solid business foundation and great opportunities from the current Russia-Ukraine tension. In particular, the Russia-Ukraine conflict opens up a large market for Vietnamese pangasius when this product is expected to be able to replace the Russian pollock in the diet of consumers in the European region.
At the 2022 Annual General Meeting of Shareholders, Ms. Nguyen Ngo Vi Tam, General Director of VHC, also emphasized that the conflict between Russia and Ukraine will bring advantages for this company in the EU market. In particular, some supermarkets have started to restrict imports of pollock and haddock from Russia while the demand for white fish in the EU is very high, which is an opportunity for Vietnamese pangasius in general and VHC in particular.
Currently, the European seafood market is heavily dependent on whitefish from Russia. According to data from the Groundfish Forum, Russia ranks first in global pollock production, and second in Atlantic cod, Pacific cod, and Haddock. Therefore, European whitefish importers have been facing a great challenge in finding alternative sources in case the EU imposes a ban on this Russian item. This is an opportunity for the catfish to fill the void left by Russia.
Only in the UK market, the recent Russia-Ukraine conflict seems not related to the Vietnam-UK pangasius trade. However, this could open up new opportunities for Vietnamese pangasius enterprises to boost exports value to this market in the near future.
Before that, in 2020, the UK had to directly import up to 48,000 tons of white fish from Russia, and the UK also imported 143,000 tons of white fish from China but originated from Russia. Other sources of British whitefish imports from Norway, Poland, and Germany also come from Russia.
According to calculations, this sudden decrease in the amount of white fish in the UK can push the price of seafood materials in this market to increase by at least 20-30% compared to before. British importers are facing many difficulties in finding alternative product sources, in order to minimize damage to consumers.
Therefore, this is a good opportunity for Vietnamese pangasius companies to boost sales in this market. In that, VHC is currently the biggest Vietnamese pangasius exporters to the UK.
In fact, the business index of VHC also continuously broke out. Accumulated in the first 4 months, VHC recorded a total revenue of 4,924 billion Vietnamese dong, up 88% over the same period last year.
According to the financial statements of the first quarter of 2022, VHC recorded a profit after tax of shareholders of the parent company of VND 548 billion Vietnamese dong, 4.2 times higher. This result came from the increase in both output and selling prices, and the recovery of most markets, especially the US and EU.
Taking advantage of the strong increase of shares, VHC has just planned to sell 1.4 million treasury shares after being approved by the Securities Commission in order to increase working capital for production and business activities.
Compiled by Tra My
(seafood.vasep.com.vn) Can Tho City statistics indicate that in 2025, following the merger of three former administrative entities - Can Tho, Hau Giang and Soc Trang - fisheries output in 2025 increased by 6.23% compared with 2024 with aquaculture production nearly 9.1 times higher than capture fisheries.
(seafood.vasep.com.vn) According to the Ca Mau Department of Agriculture and Rural Development, Ca Mau province has achieved significant, comprehensive and substantive progress in combating IUU fishing in 2025, successfully fulfilling all tasks directed by the central government and strengthening fisheries governance. These efforts have established a solid foundation for the nationwide effort to lift the EC’s "yellow card" warning.
(seafood.vasep.com.vn) Ca Mau has exceeded its 2025 production targets, reaching nearly 595,000 tons of shrimp. This milestone reinforces the province’s position as Vietnam’s leading shrimp producer and a bright spot in the country’s seafood sector.
(seafood.vasep.com.vn) According to Vietnam Customs data, cumulative shrimp exports from the beginning of the year through November reached $4.3 billion, up 21% year-on-year, continuing to serve as the primary growth driver of the entire seafood sector. In November alone, export turnover amounted to $393 million, up 14%.
(seafood.vasep.com.vn) In 2025, the fisheries sector continued to stand out as a bright spot in Ca Mau’s economic landscape, maintaining positive growth in both output and value.
(seafood.vasep.com.vn) By the end of November 2025, Vietnam’s total pangasius export turnover had exceeded the $2 billion threshold, registering a 9% compared with the same period in 2024. In November alone, pangasius exports reached $195 million, also posting a 9% increase year-on-year, underscoring a stable recovery trajectory for the sector in the final months of the year.
Building on over three decades of trusted leadership, VASEP is proactively shaping a Dynamic Knowledge Ecosystem where data is transformed into actionable value and forward-looking insights for the business community
(seafood.vasep.com.vn) An Giang is focusing on expanding climate-adaptive marine aquaculture models, aiming for safe and sustainable production. This approach not only enhances economic efficiency but also helps fishermen stabilize their livelihoods amid weather fluctuations.
(seafood.vasep.com.vn) In the first 10 months of 2025, Vietnam’s pangasius export value to China (including Mainland China and Hong Kong) reached $483 million, up 1% compared to the same period in 2024. October alone posted $73 million, a strong 19% increase year-on-year. The Chinese market currently accounts for nearly 27% of Vietnam’s total pangasius export value.
(seafood.vasep.com.vn) According to data from Vietnam Customs, the country’s lobster exports posted another strong month in October 2025, reaching $93 million - a 75% increase from the same month in 2024. This performance extends the sector’s impressive growth streak from earlier in the year, pushing cumulative exports for the first 10 months to $712 million, up an extraordinary 135% year-over-year. Within the product mix, green lobster remained the dominant driver, accounting for 98% of total export value, with $700 million recorded in the first 10 months - a 141% jump year-on-year. In contrast, exports of spiny lobster and other lobster varieties declined slightly by 22% and 1%, respectively, indicating that market demand is becoming increasingly concentrated on the most sought-after product line.
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
