In 2023, the increasing proportion of the company’s revenues will come from VAT products (VAP), collagen and gelatin, rice and noodles, and salmon processing for the company’s Japanese Partner.
Speaking at the International Conference of the Pangasius Industry within the framework of Vietfish 2023, General Director Vinh Hoan said that when the market is not very bright, VAT products will be less affected and less vulnerable to supply and demand challenges.
Vinh Hoan’s business activities are more diverse. Vinh Hoan has Sa Giang, a company specializing in producing shrimp chips and vermicelli, dry pho, with profits increasing by 87% in 2022; Thanh Ngoc Agricultural Products Company specializes in producing and processing vegetables and fruits; Feed-One seafood factory; and a pangasius surimi factory.
Vinh Hoan not only produces breaded pangasius fillets but also combines many different products to create seafood and vegetable noodle dishes.
Vinh Hoan’s subsidiary, Vinh Phuoc has also succeeded in expanding into salmon processing for a company’s Japanese partner. With improved factories and space, Vinh Hoan started importing salmon for processing and export.
Vinh Hoan’s opportunities in the salmon market are being opened up thanks to changes after the COVID-19 epidemic and the US-China conflicts.
Vinh Hoan currently has a surimi processing factory shredded fish meat and a factory producing simulated crab sticks from pangasius surimi.
The "wellness" segment, specializing in producing and marketing collagen and gelatin products, has been operating since 2015, but the COVID-19 epidemic affected revenue. Currently, although this segment's revenue is still small, it is growing better than other products. The service industry is gradually recovering, and Vinh Hoan is creating a number of VAPs with these products.
Vinh Hoan will not focus on short-term investments related to the expanding pangasius farms due to market fluctuations and needs production and processing plans to suit market demand.
Vinh Hoan can produce from 150.000 tons to 180.000 tons of pangasius yearly. The company has six fish processing factories, operating at 70-80% and processing up to 100 tons of raw materials every day.
(vasep.com.vn) Vietnam’s tuna exports reached USD 81 million in April 2026, down 6% compared to the same period in 2025. In the first four months of the year, export turnover totaled USD 289 million, down 4.8%. Although the overall export picture has yet to brighten significantly, market trends are becoming increasingly diversified rather than moving in a single direction.
(seafood.vasep.com.vn) Vietnam’s pangasius industry is undergoing strong restructuring starting from the broodstock and fingerling segment in order to improve productivity, quality, and export competitiveness. This is considered a critical foundation for the sustainable development of the industry amid rising production costs and increasingly stringent market requirements.
(seafood.vasep.com.vn) According to Vietnam Customs data, pangasius exports in April 2026 reached USD 206 million, up 18% compared to the same period in 2025 — marking another consecutive month of double-digit growth since the beginning of the year. Cumulative pangasius export turnover in the first four months of 2026 reached USD 720 million, up 17% year-on-year, reflecting the positive growth momentum of this key export product.
(seafood.vasep.com.vn) Vietnam’s shrimp exports in the first four months of 2026 maintained positive growth momentum, reaching approximately USD 1.5 billion, up 15% compared to the same period last year. However, behind this result lies diverging trends across markets, as the global shrimp industry continues to face pressure from inflation, high inventories, price competition, and increasing trade risks.
(seafood.vasep.com.vn) In Vinh Tuy commune (Kien Giang Province), many shrimp farmers are adopting bottom aeration systems and reporting clear economic benefits, helping increase income and reduce production risks.
(vasep.com.vn) In the first three months of 2026, Vietnam’s exports of crabs and other crustaceans reached more than USD 93 million, up 23% compared to the same period last year. The result shows that the sector is experiencing a fairly positive recovery, especially in its two key product groups: crabs and swimming crabs. However, behind the growth figures are several concerns: export markets remain highly concentrated, raw material supply is unstable, and trade barriers from the US and EU are becoming increasingly stringent.
(seafood.vasep.com.vn) In Ca Mau province, many farmers are transitioning from traditional methods to high-tech shrimp farming, adopting recirculating systems with minimal water exchange to improve efficiency and reduce risks. In Hung My commune alone, there are about 260 super-intensive shrimp farming households covering more than 265 hectares, playing a key role in local economic development.
(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.
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