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) Vietnam’s seafood exports in February 2026 reached approximately USD 707 million, up 8% compared to the same period last year. Cumulatively, exports in the first two months of 2026 totaled USD 1.7 billion, an increase of 20.2% year-on-year. The results show that the sector’s recovery momentum has remained relatively solid following strong growth in January, although the pace slowed noticeably in February for several key products and major markets. Within the overall picture, shrimp continues to be the largest pillar, pangasius rebounds strongly, while tuna exports and the U.S. and Korean markets are sending signals that warrant closer monitoring. In March, seafood exports are expected to gain additional momentum from markets other than the U.S., potentially supporting stronger growth.
(seafood.vasep.com.vn) In the first months of 2026, fishing activities in Quang Tri province recorded many positive signals, with output reaching over 15,941 tons. This result not only demonstrates fishermen’s efforts to stay offshore but also reflects the effectiveness of management and support measures implemented by local authorities.
(seafood.vasep.com.vn) In the first months of 2026, IUU prevention models focused on communication and mobilizing fishermen to comply with fisheries laws and avoid encroaching on foreign waters—related to combating illegal, unreported, and unregulated (IUU) fishing—have been implemented in coastal localities of Lam Dong province and have delivered initial positive results.
(seafood.vasep.com.vn) The sharp rise in raw pangasius prices to record levels is sending positive signals for the industry, but experts warn of potential supply–demand imbalances if production is not tightly controlled.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, the country’s total canned tuna export value in 2025 reached over USD 275 million, down 8% compared to 2024. Vietnamese canned tuna products were present in approximately 80 markets worldwide. However, the 2025 picture shows clear divergence: the U.S. maintained stability, the EU declined sharply, while several Middle East–North Africa (MENA) markets accelerated.
(seafood.vasep.com.vn) In 2025, Vietnam’s crab exports reached nearly USD 86 million, up almost 6% compared to 2024. A notable feature of 2025 was the strong market concentration in the United States, which accounted for more than 81% of Vietnam’s total crab export value, up 10% from the previous year. In contrast, exports to several Asian markets declined significantly, resulting in only modest overall growth for the year.
(seafood.vasep.com.vn) In 2025, Vietnam’s tilapia exports recorded impressive growth, with total export turnover reaching over USD 99 million, highlighting the increasingly important role of this product in the country’s seafood export structure. Of this total, tilapia fillets and other fish meat products accounted for USD 61 million, representing 61% of total export value and reaffirming their position as the key product category.
(seafood.vasep.com.vn) Shrimp seed quality is considered the “first link” and a decisive factor affecting the efficiency of the entire commercial shrimp production chain. High-quality seed directly influences survival rates, growth performance, and disease resistance, thereby determining production costs, productivity, and farmers’ profitability.
(seafood.vasep.com.vn) As part of its agricultural restructuring strategy toward sustainability, Quang Tri Province is gradually promoting environmentally friendly aquaculture models. Among these, organic-oriented golden pompano farming is considered a promising direction, aligned with the goals of enhancing production value and building sustainable rural areas.
(seafood.vasep.com.vn) The year 2025 marked a pivotal milestone for Vietnam’s seafood industry in its restructuring process toward sustainability, transparency, and higher value creation, amid continued uncertainties in the global economic and trade environment. Prolonged inflation in major economies, the rising trend of trade protectionism, and increasingly stringent requirements related to environmental standards, traceability, and social responsibility have posed significant challenges to seafood production and exports. Nevertheless, overcoming these pressures, Vietnam’s seafood sector has gradually demonstrated its adaptability, maintained growth momentum, and laid an important foundation for the next stage of development.
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