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) The global tilapia market continues to grow, creating significant opportunities for countries with strengths in aquaculture, processing, and exports. Against this backdrop, Vietnam’s tilapia industry is gradually developing toward higher quality, greater product diversification, and broader market reach. At Vietfish 2026, the Vietnam Association of Seafood Exporters and Producers (VASEP), together with the VASEP Tilapia Producers and Exporters Club, will host a joint booth to promote the image and potential of Vietnamese tilapia to domestic and international buyers.
(seafood.vasep.com.vn) Vietnam’s seafood exports are heading towards $12 billion this year, potentially the highest level on record. Yet one of the country’s export strengths is facing a growing list of challenges.
(seafood.vasep.com.vn) The first six months of 2026 indicate that Vietnam’s tilapia industry is entering a new phase of development, with strong export growth but also greater demands for production scale, quality and international competitiveness.
(seafood.vasep.com.vn) Vietfish 2026, the Vietnam International Seafood Exhibition, will officially take place from 19–21 August 2026 in Ho Chi Minh City. As Vietnam’s largest annual seafood trade event, organized by the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietfish 2026 will once again bring together leading seafood companies, industry experts, and international partners from across the global seafood value chain.
(seafood.vasep.com.vn) Vietnam’s seafood exports reached USD 1.1 billion in July 2026, up 4.8% compared to the same period in 2025. Cumulative exports in the first seven months of the year totaled nearly USD 6.86 billion, an increase of 11.5% year-on-year. Exceeding the USD 1 billion mark in July further reinforces the prospect that Vietnam’s seafood exports could surpass USD 12 billion in 2026. However, the July figures also send a clear signal that the most favorable growth period may have passed: overall export growth slowed to just 4.8%, pangasius exports fell 6.1%, tuna exports were virtually flat, while exports to the EU, South Korea, and the Middle East all recorded double-digit declines.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the seminar "Global Seafood Market and the Future Workforce: Trends, Opportunities, and Sustainable Development Pathways for Vietnam's Seafood Industry" will take place from 2:00 p.m. to 4:15 p.m. on August 19, 2026, at Convention Room B, Level 2, SECC, Ho Chi Minh City. This is the first of five specialized seminars at Vietfish 2026, focusing on key issues that are shaping the long-term development of Vietnam's seafood industry.
(seafood.vasep.com.vn) Vietnamese seafood exports recorded impressive growth, generating nearly 6 billion USD in revenue during the first six months of the year, up 13% compared with the same period last year.
(seafood.vasep.com.vn) Fishermen in Ha Tinh are gradually overcoming difficulties to maintain the efficiency of seafood exploitation. In the first six months of 2026, the entire province achieved a production of more than 23,000 tons of seafood, worth more than 1,200 billion VND.
(seafood.vasep.com.vn) June 2026 brought encouraging signs for Vietnam's tuna exports, with export value rising 20% year-on-year to nearly USD 72 million. However, this increase has yet to offset the prolonged slowdown seen in key markets such as the European Union (EU), where import demand remains weak. The outlook for the second half of the year is expected to become more challenging as freight rates continue to climb.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the Vietnam Association of Seafood Exporters and Producers (VASEP), in collaboration with the Agency for Domestic Market Management and Development under the Ministry of Industry and Trade, will organize the Domestic Seafood Supply–Demand Matching Program on the morning of August 20, 2026, at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City. The program aims to foster direct business connections between Vietnamese seafood producers and processors and domestic distributors, retailers, and foodservice channels.
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