In particular, revenue in most markets recorded positive growth compared to the same period in 2023. Specifically, revenue in the Vietnamese market increased by 47%, reaching 329 billion VND; the European market increased by 21%, reaching 172 billion VND; the Chinese market increased by 12%, reaching 104 billion VND; and other markets increased by 26%, reaching 154 billion VND. In contrast, revenue from the US market decreased by 0.3% to 372 billion VND.
In terms of structure, revenue from pangasius products accounted for 53% of the total revenue in May 2024 of Vinh Hoan Corp, reaching 598 billion VND, up 1% over the same period in 2023. Followed by revenue from other products (accounting for 19%), reaching 217 billion VND, an increase of 98%; by-products (accounting for 14.5%), reaching 164 billion VND, an increase of 15%...
This year, Vinh Hoan Corp plans its business with two scenarios. For the basic scenario, the company sets a revenue target of 10,700 billion VND, an increase of 6.6% compared to the implementation level in 2023. However, profit after tax is expected to decrease by 12.9%, only reaching 800 billion VND.
For the high scenario, Vinh Hoan Corp targets revenue of 11,500 billion VND and profit after tax of 1,000 billion VND, an increase of 14.6% and 8.8%, respectively, compared to the implementation level 2023.
In the first quarter of 2024, due to pressure on input costs and falling selling prices, Vinh Hoan Corp gross profit margin decreased by 800 basis points, to 9.3%. At the same time, profit after tax decreased by 16%, to only 189 billion VND.
According to the assessment of some financial institutions, the business results of Vinh Hoan Corp have "created a bottom" and are expected to recover more clearly in the second half of this year, especially when the US market is recording a series of positive signals.
In the two main export markets, the US and Europe, Vietnamese pangasius is advantageous when the US has banned importing seafood from Russia and reduced anti-dumping duties on seafood. Vietnamese pangasius products; Europe increased the tax applied to fille pollock (a substitute for fillet pangasius) from 0% to 13.7%. Thereby, it creates advantages for Vietnamese pangasius when exporting to these markets.
In addition to demand recovery, the driving force to increase export pangasius prices also comes from the shortage of raw fish supply in the near future.
This year's net revenue of Vinh Hoan Seafood is expected to increase by 13.8% compared to 2023, reaching 11,426 billion VND, and net profit will increase by 17,000 VND, reaching 1,117 billion VND.
(seafood.vasep.com.vn) With a range of synchronized solutions, from institutional improvements and strengthened communication to strict fleet control, Quang Ninh is stepping up efforts to combat illegal, unreported and unregulated (IUU) fishing, determined to join the country in soon having the European Commission’s (EC) “yellow card” lifted.
(seafood.vasep.com.vn) The year 2025 closed with a remarkable milestone for Vietnam’s shrimp industry. According to Vietnam Customs, the country’s total shrimp export turnover in 2025 reached USD 4.6 billion, up 19% compared to 2024 and the highest level ever recorded.
(seafood.vasep.com.vn) During the 2026–2030 period, Quang Tri province aims to convert 771 fishing vessels currently engaged in activities detrimental to marine resources and the ecological environment to more environmentally friendly fishing practices or shift entirely to other economic sectors.
(seafood.vasep.com.vn) 2025 recorded a breakthrough growth in Vietnam’s tilapia exports, in which the U.S market emerging as the primary growth driver. The total export turnover of Vietnamese tilapia to the United States reached $53.15 million during the year, surging 173% year-on-year and accounting for 54% of Vietnam’s total tilapia export value, thereby making the U.S the largest import market for this commodity. Compared to 2024, tilapia exports to the U.S posted robust growth, reflecting the import demand as well as the ability of Vietnamese enterprises to capitalize on market opportunities amidst volatile global competitive dynamics.
(seafood.vasep.com.vn) After two consecutive years of decline, Vietnam’s fish cake and surimi exports rebounded in 2025. Export turnover of this product group exceeded USD 344 million, up 15% year-on-year compared with 2024 and 13% higher than 2023, although still below the peak level recorded in 2022.
(seafood.vasep.com.vn) By the end of 2025, Vietnam’s seafood industry had left a strong mark with export turnover reaching nearly $11.3 billion, up 12.4% year-on-year. This robust performance reflects not only a rebound in global consumption demand but also the agile adaptation of domestic firms in navigating increasingly stringent trade barriers.
(seafood.vasep.com.vn) According to the 2025 review and 2026 outlook conference held by the Directorate of Fisheries and Fisheries Surveillance on the afternoon of January 7, Vietnam’s seafood sector has set a total production target of over 10 million tons in 2026, representing a 0.6% increase year-on-year. Of this total, capture fisheries are projected at around 3.75 million tons (down 2.1%), while aquaculture output is expected to reach 6.25 million tonnes (up 2.2%) compared with 2025.
(seafood.vasep.com.vn) Sao Ta Food JSC (Fimex, Ticker: FMC) has announced its 2025 business results, reporting revenue of over $300 million (approximately 7.8 trillion VND), representing a 19.8% increase year-on-year; projected profit is expected to reach approximately 420 billion VND.
(seafood.vasep.com.vn) Vietnam’s fisheries sector concluded 2025 with landmark achievements: export turnover reached a record high, despite heightened volatility in global trade and increasingly stringent barriers from major markets, most notably the United States. Amid a mix of opportunities and challenges, the fisheries sector also witnessed important policy shifts. Together, these developments form a multifaceted picture of an industry proactively adapting and restructuring toward a trajectory of sustainable development.
(seafoos.vasep.com.vn) According to the Department of Agriculture and Environment of Vinh Long, the province’s shrimp farming area reached 69,800 hectares in 2025, including 7,500 hectares under high-tech farming models, 18,820 tons of black tiger shrimp and 293,000 tons of whiteleg shrimp.
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