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) On the afternoon of March 19, Vice Chairman of the Ca Mau Provincial People’s Committee, Le Van Su, chaired a meeting to address bottlenecks and propose solutions to expand the super-intensive whiteleg shrimp farming model using low water exchange and high biosecurity standards (RAS-IMTA).
(seafood.vasep.com.vn) On March 10, 2026, the Ho Chi Minh City People’s Committee issued Decision No. 1377/QD-UBND approving the Aquatic Animal Disease Prevention and Control Plan for the 2026–2030 period. The decision takes effect from the date of signing and replaces previous plans for the 2021–2030 period that had been issued prior to the administrative merger in Ba Ria – Vung Tau, Binh Duong, and Ho Chi Minh City.
(vasep.com.vn) In 2025, Chile imported more than USD 156 million worth of tuna, up 8.1% compared to the previous year and the highest level in the past five years. As the supply structure in this market is rapidly shifting, Vietnamese tuna is facing both opportunities to expand market share and increasing competitive pressure from Thailand, Colombia, and China.
(seafood.vasep.com.vn) Vinh Long Province is stepping up efforts to develop brackish water shrimp farming in a sustainable direction, identifying it as a key sector in its agricultural structure. In 2026, the province aims to reach around 71,300 hectares of shrimp farming, with an output of over 314,000 tons.
(seafood.vasep.com.vn) Ha Tinh Province is strengthening control over shrimp seed quality to minimize risks for the 2026 spring–summer farming season.
(seafood.vasep.com.vn) In February 2026, Vietnam’s pangasius exports reached USD 119 million, down slightly 5% year-on-year. However, thanks to strong performance in January, cumulative exports in the first two months of the year still reached USD 331 million, up 28% compared to the same period in 2025. Export activity slowed somewhat in February due to seasonal factors, particularly the Lunar New Year holiday, which disrupted production and shipments at many seafood processing enterprises.
(seafood.vasep.com.vn) Da Nang is accelerating the development of high-tech shrimp farming toward intensive production, disease control, and improved efficiency. Many shrimp farms have invested in automated environmental monitoring systems, continuously tracking indicators such as pH, dissolved oxygen, temperature, and salinity, enabling farmers to promptly adjust pond conditions and reduce disease risks.
(seafood.vasep.com.vn) The year 2025 is considered a turning point for Vietnam’s shrimp seed industry as the sector faces the need for strong transformation in technology, production management, and gradual self-sufficiency in broodstock supply. These factors are seen as key to improving seed quality and strengthening the competitiveness of the shrimp industry amid increasingly demanding market requirements.
(seafood.vasep.com.vn) In February 2026, Vietnam’s shrimp exports reached nearly USD 310 million, up 17% year-on-year. Cumulatively for the first two months of the year, shrimp export value totaled USD 690 million, an increase of 20% compared with the same period last year. Compared with the 22% growth recorded in January, the pace of increase in February slowed somewhat, reflecting seasonal factors as the Lunar New Year holiday partially disrupted processing and shipment activities. Nevertheless, the nearly 20% growth in the first two months indicates that shrimp orders from Vietnam are maintaining a more positive trend than in the same period last year.
(seafood.vasep.com.vn) According to the latest statistics for January 2026, Vietnam’s pangasius export value to major market blocs recorded encouraging growth compared with the same period last year, indicating that consumption demand is gradually recovering.
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