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) In the context of a global economy shifting powerfully toward green and sustainable values, Vietfish 2026 is far more than just a commercial trade fair. It has become a strategic rendezvous and a "comprehensive ecosystem"—a convergence of value, knowledge, and sustainable growth opportunities for the entire industry chain.
(seafood.vasep.com.vn) Vietnam’s pangasius exports to Colombia continued their strong upward momentum in May 2026. Export value to the market reached USD 4 million, up 24% compared to the same month in 2025. Cumulative exports in the first five months of 2026 totaled USD 24 million, an impressive 48% increase year-on-year.
(seafood.vasep.com.vn) Hai Phong's aquaculture sector is accelerating the adoption of high technologies in aquaculture to adapt to climate change, with red tilapia and tilapia identified as the key cultured species for priority development.
(vasep.com.vn) Vietnam’s seafood exports reached nearly US$1.1 billion in June 2026, up 21.0% year-on-year. Cumulative exports in the first half of 2026 totaled nearly US$5.8 billion, representing a 12.8% increase compared with the same period last year. Exports to China and Hong Kong continued to accelerate, while shipments to the United States rebounded strongly in June. In contrast, exports to the EU, Japan, and the Middle East remained sluggish or recorded slight declines.
(vasep.com.vn) Tilapia is playing an increasingly important role in Vietnam’s aquaculture sector, driven not only by growing market opportunities but also by its ability to meet increasingly stringent requirements on quality, food safety, and traceability. In practice, tilapia farming in Vietnam is not a spontaneous or loosely regulated activity; rather, it operates under a comprehensive legal and technical framework covering the entire value chain—from hatcheries and farming to processing and exports.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 1.9 billion in the first five months of 2026, up 12% compared with the same period last year. Amid continued volatility in the global seafood market, this result demonstrates that the shrimp sector has maintained positive growth momentum, supported by improving demand in several Asian markets, particularly China.
(seafood.vasep.com.vn) On June 16, the Department of Agriculture and Environment of Ca Mau Province announced that the locality has established a farming area code for nearly 30,400 hectares of mud crab aquaculture and granted export facility codes to five enterprises eligible to export mud crab officially to markets such as China, Cambodia, Singapore, and the United Arab Emirates (UAE).
(seafood.vasep.com.vn) The United States remains one of the largest export markets for Vietnamese pangasius. In the first four months of 2026, pangasius exports to the US reached USD 106 million, up 4% compared to the same period in 2025. In April 2026 alone, export value totaled USD 38 million, marking a 20% year-on-year increase and the first positive growth recorded after an extended period of decline.
(seafood.vasep.com.vn) While Vietnam’s shrimp exports to many major markets continued to post positive growth in the first months of 2026, exports to the United States declined, highlighting growing competitive pressures and trade barriers facing the Vietnamese shrimp industry.
(seafood.vasep.com.vn) Egypt is emerging as one of the most promising destinations for Vietnamese tuna exports in 2026. During the first four months of the year, export turnover to this market exceeded USD 7.3 million, marking a sharp increase compared to the same period over the previous two years. As Egypt’s tuna imports continue to recover and demand for canned tuna remains strong, the market is becoming increasingly attractive for Vietnamese tuna processors and exporters.
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