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) Speaking at the Opening Ceremony of VIETFISH 2026 on August 19 at the Saigon Exhibition and Convention Center (SECC), U.S. Consul General Melissa Brown highlighted the important role of the exhibition in connecting Vietnam’s growing seafood industry with buyers, suppliers, and partners from the United States and around the world.
(vasep.com.vn) Tomorrow, August 19, 2026, the Vietnam International Seafood Exhibition – Vietfish 2026 will officially open at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. Taking place over three days, from August 19–21, Vietfish 2026 promises to provide a dynamic platform for business networking, trend updates, product experiences and comprehensive cooperation across the domestic and international seafood community.
(vasep.com.vn) The global tilapia market continues to grow, creating significant opportunities for countries with strengths in aquaculture, processing, and exports. Against this backdrop, Vietnam’s tilapia industry is gradually developing toward higher quality, greater product diversification, and broader market reach. At Vietfish 2026, the Vietnam Association of Seafood Exporters and Producers (VASEP), together with the VASEP Tilapia Producers and Exporters Club, will host a joint booth to promote the image and potential of Vietnamese tilapia to domestic and international buyers.
(seafood.vasep.com.vn) Vietnam’s seafood exports are heading towards $12 billion this year, potentially the highest level on record. Yet one of the country’s export strengths is facing a growing list of challenges.
(seafood.vasep.com.vn) The first six months of 2026 indicate that Vietnam’s tilapia industry is entering a new phase of development, with strong export growth but also greater demands for production scale, quality and international competitiveness.
(seafood.vasep.com.vn) Vietfish 2026, the Vietnam International Seafood Exhibition, will officially take place from 19–21 August 2026 in Ho Chi Minh City. As Vietnam’s largest annual seafood trade event, organized by the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietfish 2026 will once again bring together leading seafood companies, industry experts, and international partners from across the global seafood value chain.
(seafood.vasep.com.vn) Vietnam’s seafood exports reached USD 1.1 billion in July 2026, up 4.8% compared to the same period in 2025. Cumulative exports in the first seven months of the year totaled nearly USD 6.86 billion, an increase of 11.5% year-on-year. Exceeding the USD 1 billion mark in July further reinforces the prospect that Vietnam’s seafood exports could surpass USD 12 billion in 2026. However, the July figures also send a clear signal that the most favorable growth period may have passed: overall export growth slowed to just 4.8%, pangasius exports fell 6.1%, tuna exports were virtually flat, while exports to the EU, South Korea, and the Middle East all recorded double-digit declines.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the seminar "Global Seafood Market and the Future Workforce: Trends, Opportunities, and Sustainable Development Pathways for Vietnam's Seafood Industry" will take place from 2:00 p.m. to 4:15 p.m. on August 19, 2026, at Convention Room B, Level 2, SECC, Ho Chi Minh City. This is the first of five specialized seminars at Vietfish 2026, focusing on key issues that are shaping the long-term development of Vietnam's seafood industry.
(seafood.vasep.com.vn) Vietnamese seafood exports recorded impressive growth, generating nearly 6 billion USD in revenue during the first six months of the year, up 13% compared with the same period last year.
(seafood.vasep.com.vn) Fishermen in Ha Tinh are gradually overcoming difficulties to maintain the efficiency of seafood exploitation. In the first six months of 2026, the entire province achieved a production of more than 23,000 tons of seafood, worth more than 1,200 billion VND.
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