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) In the first three months of 2026, Vietnam’s exports of fish cake and surimi reached USD 63 million, down 5% compared to the same period last year. Although total export value declined slightly due to decreases in some key markets, many other destinations continued to post strong growth, opening up room for this convenience-oriented processed segment in the coming quarters.
(seafood.vasep.com.vn) Favorable weather conditions in the early months of 2026 have brought encouraging signs for fisheries activities in Quang Tri. Output has grown steadily, contributing to improved livelihoods for local residents.
Entering 2026, Vietnam’s seafood industry is facing a period of both high expectations and mounting pressures. Following the positive recovery in 2025, production and export activities in Q1/2026 demonstrated the strong adaptability of Vietnam’s seafood business community amid continued global trade volatility, intensifying international competition, and increasingly stringent compliance requirements in import markets.
(vasep.com.vn) In the first quarter of 2026, Vietnam’s shrimp exports reached USD 1.069 billion, up 17.5% compared to the same period in 2025. This is a positive result amid an uneven global shrimp market recovery, intensifying competition among major suppliers, and continued volatility in the international trade environment. However, this growth does not reflect a broad-based recovery across the entire sector, but rather is driven mainly by strong performance in a few markets and specific product segments—most notably lobster exports to China.
(seafood.vasep.com.vn) Vietnam’s tuna exports continued to decline in March 2026. Cumulatively, in the first three months of the year, export value reached USD 208 million, down 4% compared to the same period in 2025. The export landscape shows clear divergence across markets: while the U.S. and EU remain challenging, markets such as Russia, the Middle East, Egypt, the Philippines, and Mexico have emerged as growth bright spots.
(seafood.vasep.com.vn) In Quang Ngai Province, shrimp farming costs are rising sharply due to लगातार increases in feed, fuel, and input material prices, while farm-gate shrimp prices are declining. This has significantly reduced farmers’ profit margins and increased production risks.
(seafood.vasep.com.vn) Vietnam’s tilapia exports are experiencing impressive growth, reflecting expanding global demand as well as the sector’s development potential. However, behind the strong growth figures lie limitations in production capacity and supply chains, highlighting the need for sustainable development in the coming period.
(seafood.vasep.com.vn) Vietnam’s pangasius exports to the Middle East in 2025 and early 2026 have shown notable growth. However, escalating geopolitical tensions in the region have increasingly impacted export activities since March. This situation presents a challenge of balancing market expansion opportunities with rising trade risks.
(seafood.vasep.com.vn) The Quang Tri Department of Agriculture and Environment has instructed localities to base their stocking schedules on actual conditions in each farming area, while developing plans, allocating resources, and implementing synchronized measures for disease prevention and disaster risk management in aquaculture production.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s exports of fish cakes and surimi exceeded USD 45 million, up 7% compared to the same period in 2025, indicating a positive outlook for this product segment amid recovering demand in many markets.
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
