Vinh Hoan Joint Stock Company (HOSE: VHC) has just announced its business results in March 2022 with total revenue of VND 1,373 billion, up 96% over the same period last year. In the first 3 months, accumulated total revenue increased by 80%, reaching VND 3,225 billion.
In terms of revenue structure in March, sales of pangasius products reached VND 871 billion, up 93% over the same period, by-products increased by 46%, sales of health care products increased by 87%, shrimp crackers increased by 46%, and value-added products increased by 19%. Notably, sales of other products abruptly increased by 685%, to VND 136 billion.
Compared to February, total revenue increased by 28%, of which health care products’ revenue increased by 126%, by-products increased by 114%, and rice products increased by 269%.
In terms of export market sales in March, exports to the US increased by 161% over the same period, Europe by 17%, and China by 71%. Domestic sales also doubled, reaching VND 274 billion.
Regarding the business plan for 2022, VHC sets a target of net revenue of VND 13,000 billion, up 44% compared to last year, and profit after tax of VND 1,500 billion, up 36%. This is also the highest annual target since its listing.
Following the strong growth in the session of April 12, share prices of the seafood industry continued to increase in the morning of April 13 while many other industries were on a decline.
In which, VHC's share price increased impressively and traded at a record level of 98,800 VND/share (ending session on the morning of April 13). Compared to the beginning of the year, the stock price of this company has increased by 56%, with average liquidity of more than 1 million shares/session.
Compiled by Minh Trang
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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