Vĩnh Hoàn posts record profit in Q4 2024, highest in 6 quarters

News 08:50 19/02/2025 Lê Hằng
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.

Vĩnh Hoàn Joint Stock Company (HoSE: VHC) recently published its financial report for Q4 2024, showing clear signs of recovery and marking the return of growth momentum after a challenging period for the seafood industry.

In the last quarter of 2024, Vĩnh Hoàn reported a revenue of VND 3,205 billion, up 34% compared to the same period last year. Additionally, the company also recorded VND 148 billion in financial income, a 87% increase.

On the other hand, Vĩnh Hoàn's expenses in Q4 2024 saw a significant rise compared to Q4 2023. Specifically, financial expenses reached VND 49 billion, and administrative expenses amounted to VND 137 billion, increasing by 14% and 47%, respectively, compared to the previous quarter.

After deducting these expenses, Vĩnh Hoàn, the largest pangasius exporter, reported a profit of VND 440 billion, a 4.8-fold increase compared to the same period last year. This is the highest profit the company has seen in the past six quarters. Explaining the profit increase, the company stated that the growth was due to improved prices of pangasius products and higher production volume.

For the whole year of 2024, Vĩnh Hoàn recorded a revenue of VND 12,535 billion and an after-tax profit of VND 1,310 billion, representing increases of 25% and 34%, respectively, compared to 2023.

In 2024, Vĩnh Hoàn set two business scenarios: a basic scenario and an optimistic scenario. For the basic scenario, Vĩnh Hoàn aimed for revenue of VND 10,700 billion and an after-tax profit for the parent company of VND 800 billion. In the optimistic scenario, the company expected revenue of VND 11,500 billion and after-tax profit of VND 1,000 billion.

Thus, by the end of 2024, Vĩnh Hoàn had exceeded its profit targets for both business scenarios.

Regarding the company's business situation, as of December 31, 2024, Vĩnh Hoàn's total assets reached VND 12,249 billion, a 3% increase compared to the beginning of the year. Of this, cash and cash equivalents increased 2.3 times to VND 570 billion.

Additionally, the company's term deposits reached VND 2,220 billion, an increase of 15% compared to the beginning of the year. By the end of 2024, Vĩnh Hoàn's inventory value stood at VND 2,911 billion, a 22% decrease compared to the start of the period.

As for the capital structure, Vĩnh Hoàn's liabilities slightly decreased to VND 3,247 billion. Although short-term loans increased by 5%, from VND 2,157 billion to VND 2,277 billion, the company no longer had any long-term loans, whereas it had over VND 101 billion at the beginning of the year.

On the market front, the Vietnam Association of Seafood Exporters and Producers (VASEP) reported that pangasius prices in Vietnam have surged at the beginning of 2025 due to limited supply.

Currently, pangasius prices are at their highest level in the past three years. Specifically, pangasius weighing more than 1.2 kg reached VND 32,440 per kg, the highest recorded since 2022.

VASEP predicts that 2025 will be a year of new milestones for pangasius exports. Exports to the United States will be particularly favorable, as on January 17, 2025, Vietnam and the United States signed a bilateral agreement to remove the anti-dumping tax on pangasius fillets exported from Vietnam.

As a result, Vĩnh Hoàn has been removed from the scope of the anti-dumping tax on pangasius and basa exports to the United States. This agreement to resolve the anti-dumping tax dispute opens up significant opportunities for Vĩnh Hoàn and Vietnam's pangasius industry, helping to expand exports to the U.S. market with high-quality and sustainable products.

Bạn đang đọc bài viết Vĩnh Hoàn posts record profit in Q4 2024, highest in 6 quarters tại chuyên mục News của Hiệp hội VASEP
vinh hoan corp pangasius exporters

TIN MỚI CẬP NHẬT

Vietnam’s tuna exports return to growth but headwinds remain

 |  10:12 25/09/2026

(vasep.com.vn) Vietnam’s tuna exports sustained their upward trajectory in August 2026, though the pace remained modest at just 2%. The month saw divergent trends across key markets: the US maintained its leading position, Japan and Canada improved, Russia surged and the EU continued to experience a steep downturn. These developments suggest that exporters are entering the final months of the year amid a market environment marked by greater uncertainty.

Vietnam’s shrimp exports maintain growth in first 8 months of 2026 as competition shifts toward efficiency and value

 |  16:47 23/09/2026

(vasep.com.vn) Vietnam’s shrimp exports reached $3.3 billion in the first eight months of 2026, up 12% year on year. However, growth momentum is moderating and market divergece is becoming more pronounced, while the US and EU continue to present significant challenges. The latest insights from the Global shrimp forum 2026 (GSF 2026), held in early September, also indicate that the final months of the year will remain highly competitive as global supply continues to expand and buyers place greater emphasis on quality, product specifications, supply consistency and the ability to meet market-specific demand.

Vietnam’s pangasius exports maintain growth in first eight months, led by China and Brazil

 |  10:28 22/09/2026

(vasep.com.vn) Vietnam’s pangasius exports continued to grow in August 2026, bringing total export value in the first eight months of the year to US$1.5 billion, up 10% year-on-year. August exports alone reached US$205 million, up 6%. However, market performance has become increasingly divergent, with China and Brazil posting positive growth while the U.S. continued to record a sharp decline.

Vietnam’s seafood exports face significant pressure from the U.S. market in Q4

 |  08:49 20/09/2026

(vasep.com.vn) Vietnam’s seafood exports reached US$1.14 billion in August 2026, up 6.4% year on year, bringing the total for the first eight months to more than US$8.0 billion, an increase of 11.9%. Monthly export value remained above US$1 billion, but August growth was only around half the rate recorded cumulatively through the first eight months. This indicates that the eight-month result was supported significantly by stronger performance in earlier months, while market conditions are entering a less predictable period.

Kyokuyo Steps Up Pangasius Promotion, Creating New Opportunities for Vietnamese Seafood in Japan

 |  09:18 18/09/2026

(seafood.vasep.com.vn) Pangasius is attracting growing interest from Japanese seafood companies as prices of many traditional whitefish species remain high and supply becomes increasingly volatile. Notably, seafood group Kyokuyo has recently continued to feature pangasius among its priority products, highlighting its competitive pricing and stable supply.

Brackish-water tilapia: Vietnam’s emerging aquaculture frontier

 |  15:27 16/09/2026

(seafood.vasep.com.vn) As Vietnam’s tilapia industry searches for new growth opportunities, venturing into brackish-water aquaculture could unlock a formidable competitive moat. Bypassing the volume-and-price bloodbath against established global heavyweights, Vietnam could differentiate itself through high-quality tilapia products tailored to specific farming conditions and value-added market segments.

Vietnam’s pangasius exports to the U.S: tariffs, rotectionism and faltering demand choke 2026 exports

 |  15:26 15/09/2026

(seafood.vasep.com.vn) 2026 is rapidly shaping up to be a formidable stress test for Vietnamese pangasius exports to the United States. While exports to alternative markets maintain a resilient growth trajectory, the U.S market has declined significantly. In the first eight months of the year, pangasius exports to the U.S fell by nearly 14% year-on-year, with August alone recording a decline of more than 50%. The trend shows that difficulties in the U.S. market are not driven solely by weak consumer demand, but also by multiple layers of trade barriers that are intensifying simultaneously, particularly additional import tariffs, anti-dumping duties and growing protectionism for the domestic catfish industry.

Vietnam pangasius expands opportunities in Japan: Growth accompanied by the need for consistent quality

 |  08:45 11/09/2026

(vasep.com.vn) Vietnam’s pangasius exports to Japan are showing positive signals in 2026, indicating that the market is opening up greater opportunities for pangasius products, particularly processed and value-added products. In the first seven months of 2026, Vietnam’s pangasius exports to Japan reached US$31 million, up 20% year-on-year. In July alone, export value reached approximately US$5 million, up 30%.

Decree No. 292/2026/ND-CP: Elaborating certain articles and providing measures for the organization and guidance of implementation of the law on foreign trade management

 |  17:01 07/09/2026

On July 22, 2026, the Government issued Decree No. 292/2026/ND-CP detailing certain articles and providing measures for the organization and implementation of the Law on Foreign Trade Management. The Decree takes effect on September 5, 2026, replacing Decree No. 69/2018/ND-CP.

Vinh Hoan’s Cured Panga Croquette Wins Top Prize at Seafood Excellence Asia 2026

 |  16:11 04/09/2026

(vasep.com.vn) Vietnamese pangasius producer Vinh Hoan has won the top prize at the 2026 Seafood Excellence Asia Awards for its Cured Panga Croquette, highlighting the growing potential of value-added pangasius products in international 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

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC