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) On July 9, 2026, the Embassy of Vietnam in Brazil organized the seminar titled “Sharing Information on Vietnam-Brazil Economic, Trade and Investment Relations in the First Half of 2026” to provide updates on bilateral cooperation and strengthen connections among government agencies, industry associations, and business communities of the two countries.
(seafood.vasep.com.vn) Seafood exports in the first 6 months of the year continued to be a bright spot with a total turnover of 5.7 billion USD, an increase of 11.4% compared to the same period last year. By commodity group, seafood is one of the three groups with a trade balance in the first 6 months of 2026 in a surplus state with 4.13 billion USD, an increase of 17%.
(seafood.vasep.com.vn) For many years, Vietnam’s seafood industry has been recognized as one of the country’s key export pillars. Products such as shrimp, pangasius, tuna, squid, octopus, and a wide range of other seafood have reached hundreds of markets worldwide. Yet behind these impressive export figures lies a significant challenge: a substantial share of Vietnam’s seafood export value still comes from minimally processed products, contract manufacturing, and raw material exports—segments characterized by low profit margins and high vulnerability to fluctuations in global prices.
(seafood.vasep.com.vn) In the context of a global economy shifting powerfully toward green and sustainable values, Vietfish 2026 is far more than just a commercial trade fair. It has become a strategic rendezvous and a "comprehensive ecosystem"—a convergence of value, knowledge, and sustainable growth opportunities for the entire industry chain.
(seafood.vasep.com.vn) Vietnam’s pangasius exports to Colombia continued their strong upward momentum in May 2026. Export value to the market reached USD 4 million, up 24% compared to the same month in 2025. Cumulative exports in the first five months of 2026 totaled USD 24 million, an impressive 48% increase year-on-year.
(seafood.vasep.com.vn) Hai Phong's aquaculture sector is accelerating the adoption of high technologies in aquaculture to adapt to climate change, with red tilapia and tilapia identified as the key cultured species for priority development.
(vasep.com.vn) Vietnam’s seafood exports reached nearly US$1.1 billion in June 2026, up 21.0% year-on-year. Cumulative exports in the first half of 2026 totaled nearly US$5.8 billion, representing a 12.8% increase compared with the same period last year. Exports to China and Hong Kong continued to accelerate, while shipments to the United States rebounded strongly in June. In contrast, exports to the EU, Japan, and the Middle East remained sluggish or recorded slight declines.
(vasep.com.vn) Tilapia is playing an increasingly important role in Vietnam’s aquaculture sector, driven not only by growing market opportunities but also by its ability to meet increasingly stringent requirements on quality, food safety, and traceability. In practice, tilapia farming in Vietnam is not a spontaneous or loosely regulated activity; rather, it operates under a comprehensive legal and technical framework covering the entire value chain—from hatcheries and farming to processing and exports.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 1.9 billion in the first five months of 2026, up 12% compared with the same period last year. Amid continued volatility in the global seafood market, this result demonstrates that the shrimp sector has maintained positive growth momentum, supported by improving demand in several Asian markets, particularly China.
(seafood.vasep.com.vn) On June 16, the Department of Agriculture and Environment of Ca Mau Province announced that the locality has established a farming area code for nearly 30,400 hectares of mud crab aquaculture and granted export facility codes to five enterprises eligible to export mud crab officially to markets such as China, Cambodia, Singapore, and the United Arab Emirates (UAE).
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