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) Recently, in Long Xuyen City, An Giang Province, the Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD) and the University of Economics Ho Chi Minh City (UEH) organized a workshop to announce the results of the project “Food Loss Assessment in the Pangasius Value Chain in the Mekong River Region.” The project aims to provide scientific evidence to support the sustainable development of Vietnam’s pangasius industry.
(seafood.vasep.com.vn) Shrimp prices in Vietnam’s Mekong Delta have recovered since early May, helping to improve farmers’ confidence and accelerate stocking activities for the 2026 farming season. However, farmers remain cautious due to rising input costs, unfavorable weather conditions, and disease risks.
(seafood.vasep.com.vn) On May 27, the Vietnam Trade Office in India, in collaboration with trade promotion agencies, industry associations, and businesses from both countries, organized the online seminar “Vietnam–India Seafood Trade Forum and Supply-Demand Connectivity 2026.” The event aimed to promote trade cooperation, investment, and seafood supply chain connectivity between Vietnam and India amid the ongoing restructuring of global markets.
(seafood.vasep.com.vn) In recent years, Ninh Binh Province has intensified the application of science and technology in aquaculture in order to improve productivity, product quality, and economic efficiency.
(seafood.vasep.com.vn) In the first four months of 2026, Vietnam’s tilapia exports reached USD 49 million, up 151% compared to the same period in 2025. This figure reflects an emerging export sector that is taking advantage of market gaps created by global trade disruptions, while larger producers are adjusting their strategies.
On the afternoon of May 28, the People’s Committee of Ho Thi Ky Commune signed a memorandum of understanding with Minh Phu Certified Shrimp Social Co., Ltd. (a member of Minh Phu Seafood Corporation) on cooperation to develop a black tiger shrimp farming area meeting international certification standards during the 2026–2030 period in the commune.
(seafood.vasep.com.vn) The “Moringa Noodles Salad” product by Sa Giang Import-Export Corporation was honored as one of the “Top 10 Winning Products” at the THAIFEX – Anuga taste Innovation Show 2026, held as part of THAIFEX – Anuga Asia 2026 in Bangkok.
(seafood.vasep.com.vn) After a fairly strong upward trend in 2025, Vietnam’s clam exports entered 2026 with a mixed picture: strong growth at the beginning of the year, followed by a slowdown from March onward. According to Vietnam Customs data, Vietnam’s clam export turnover in the first four months of 2026 reached more than USD 38 million, up 2% compared to the same period in 2025.
(seafood.vasep.com.vn) Vietnam’s pangasius industry is facing new opportunities to expand its development space as many localities and businesses begin promoting marine farming models aimed at diversifying farming areas and adapting to climate change. However, for pangasius to truly “go offshore” and develop into a large-scale industry segment, significant challenges related to technology, broodstock, and markets still need to be addressed.
(seafood.vasep.com.vn) Vietnam’s tilapia exports in April 2026 reached USD 11 million, up 92% compared to the same period in 2025. This strong growth indicates that Vietnamese tilapia products are continuing to penetrate and expand rapidly in international markets. Cumulative export turnover in the first four months of 2026 reached USD 49 million, up 151% year-on-year.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
