According to its newly released Q1 financial report, the company recorded revenue of approximately VND 2,648 billion, down over 7% from the same period last year. However, gross profit margin improved significantly from 9.3% to 12.7%, lifting gross profit by nearly 27% to VND 337 billion. The company attributed the profit growth to stronger pangasius prices and reduced farming expenses.
Financial income declined by 16% to VND 89 billion, while financial expenses surged by nearly 70% to VND 57 billion. In contrast, selling and administrative expenses dropped by almost 7% to VND 123 billion, helping to offset cost pressures.
With this performance, Vinh Hoan has fulfilled about 19% of its full-year profit target under the base-case scenario (VND 1,000 billion) and nearly 15% under the high-case scenario (VND 1,300 billion). The corresponding revenue targets are VND 10,900 billion and VND 12,350 billion.
As of March 31, 2025, the company’s total assets stood at over VND 12,800 billion, up 5% from the beginning of the year. Inventory levels reached VND 3,081 billion, with a slight increase over the same period. Vinh Hoan also holds more than VND 3,300 billion in fixed assets and an equivalent amount in cash and short-term financial investments.
Notably, the company has invested over VND 161 billion in equities, with VND 46 billion in provisions for potential losses—equivalent to a mark-to-market loss of nearly 28%. Major holdings include DXS (VND 60 billion, provisioned VND 28 billion), NLG (VND 83 billion, provisioned VND 16 billion), and KBC (VND 15 billion, provisioned over VND 1 billion), among others.
Short-term debt rose by more than 9% in Q1 to nearly VND 2,486 billion, while the company reported no long-term borrowings.
(seafood.vasep.com.vn) Vietnam is stepping up efforts to combat illegal fishing, protect marine ecosystems, expand digital monitoring, and develop science-based management to ensure the sea can support communities and the economy for generations to come.
(seafood.vasep.com.vn) The EU remains a critical market for Vietnamese shrimp; however, purchasing demand and import patterns are undergoing notable changes. According to Vietnam Customs data, as of September 15, 2026, Vietnam’s shrimp exports to the EU reached nearly $374 million, down 5% year-over-year and accounting for 10.7% of the country’s total shrimp export value. Meanwhile, the EU’s stotal shrimp imports through July 2026 contracted by 7% in volume, exhibiting divergent trends across Southern Europe, Northwestern Europe and Eastern Europe. These dynamics necessitate that Vietnamese enterprises closely monitor individualized market demand, rather than approaching the EU as a monolithic consumer block.
(seafood.vasep.com.vn) In the first eight months of 2026, Vietnam’s exports of surimi and fish cakes remained relatively stable year-over-year compared to 2025. Following a contraction in the initial months, export performance demonstrated improvement from June onward, peaking in August. However, the recovery has been uneven, characterized by divergent trends across major markets: robust growth was recorded in China, Japan, Malaysia, the United States, and Taiwan, whereas export volumes to South Korea, Indonesia, and select European markets contracted.
(seafood.vasep.com.vn) Pangasius remains one of Dong Thap’s key aquaculture species, with the province focusing on developing an integrated value chain covering seed production, commercial farming, deep processing and by-product utilization. The province is promoting high-tech, circular pangasius farming models featuring reduced water exchange and enhanced biosecurity, aiming to improve production efficiency and strengthen control over raw material quality.
(vasep.com.vn) Vietnam’s seafood exports in September 2026 are estimated at US$1.135 billion, up 11.9% year-on-year, bringing total exports in the first nine months of the year to US$9.103 billion, up 11.4%. Behind this double-digit growth, however, increasingly divergent market trends are emerging: China–Hong Kong and ASEAN posted strong growth, while the U.S., EU and Japan all recorded declines in September.
(vasep.com.vn) In the first eight months of 2026, Brazil became the largest market for Vietnamese tilapia, with export value reaching US$44 million, up 22,142% year-on-year and accounting for 49% of Vietnam’s total tilapia exports. In August alone, exports to Brazil reached US$4 million. However, behind this remarkable growth is a market that is imposing increasingly stringent requirements on imported supplies.
(vasep.com.vn) Vietnam’s tuna exports sustained their upward trajectory in August 2026, though the pace remained modest at just 2%. The month saw divergent trends across key markets: the US maintained its leading position, Japan and Canada improved, Russia surged and the EU continued to experience a steep downturn. These developments suggest that exporters are entering the final months of the year amid a market environment marked by greater uncertainty.
(seafood.vasep.com.vn) Congalsa has acquired the entire charter capital of Lenger Seafood Vietnam, giving it full ownership of the business and its Nam Dinh processing facility.
(seafood.vasep.com.vn) Ninh Binh Province is entering a peak period of action against illegal, unreported and unregulated (IUU) fishing, focusing on thoroughly addressing violations, closely monitoring fishing vessels at ports and preventing vessels from violating regulations and operating illegally in foreign waters ahead of the European Commission’s (EC) upcoming inspection in 2026.
(vasep.com.vn) The application of biotechnology in seed production is increasingly viewed as a strategic imperative to upgrade pangasius fingerling quality, optimize farming efficiency and anchor sustainable industry development.
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