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.
(seafood.vasep.com.vn) Vietnam’s seafood exports reached $989.5 million in November 2025, up 64.6% year-on-year. The robust monthly performance played a pivotal role in driving the total export turnover for the first 11 months of 2025 to $10.5 billion, representing a 19% increase compared with the same period in 2024.
(vasep.com.vn) Vietnam’s crab exports reached USD 81 million in the first 11 months of 2025, with the United States accounting for more than 82% of total value. While newly imposed reciprocal tariffs and the enforcement of provisions under the U.S. Marine Mammal Protection Act (MMPA) pose significant challenges for Vietnam, the European Union is emerging as a promising growth market.
(seafood.vasep.com.vn) The Ca Mau Department of Agriculture and Environment has recently issued a plan to develop specialized crab raw material zones serving official export channels, covering a scale of around 50,000 hectares. This marks a significant shift in the sea crab industry towards professional production aligned with market requirements.
(seafood.vasep.comvn) According to the Tay Ninh Statistics Office, fisheries output in the province fell significantly in November 2025 due to the impact of storms and heavy rainfall, which delayed harvesting activities, particularly for pangasius.
(seafood.vasep.com.vn) The year 2025 marks the 30th anniversary of the normalization of diplomatic relations between Vietnam and the United States (1995–2025). In parallel with the nation's progress in international economic integration, bilateral seafood trade has followed a remarkably impressive growth trajectory, expanding from an initial scale of just tens of millions of US dollars to nearly $2 billion annually. This growth has positioned the United States as Vietnam’s largest seafood export market for many consecutive years.
(seafood.vasep.com.vn) On December 12, 2025, the Vietnam Association of Seafood Processing and Export (VASEP) issued document 231/CV-VASEP regarding strengthening measures to combat IUU fishing and working with the Government to lift the EC's IUU yellow card warning.
(seafood.vasep.com.vn) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
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