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) 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.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
By the end of Q3/2025, Vietnam’s seafood industry recorded a clear recovery as a series of leading companies reported strong profits — some even achieving the highest results in their history. After several quarters struggling with high costs and weakened demand, the latest business results indicate a robust comeback across the industry.
(seafood.vasep.com.vn) On November 12 in Ho Chi Minh City, the Embassy of the Netherlands, in coordination with the Ministry of Agriculture and Environment, organized the Vietnam–Netherlands Business Forum under the theme “Shaping the future of sustainable aquaculture in the Mekong Delta.”
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