Pangasius is still the company's main export product with 617 billion dong in revenue, up 30% over the same period but only 3% higher than last month. The group of related by-products increased by 53% over the same period and 34% compared to the previous month, making the second largest contribution to the company's revenue share (175 billion dong).
The healthcare product group had a slower growth rate (up 24%), dropped to 4th place in revenue contribution, bringing in only VND52 billion. Meanwhile, the grocery group rose to fourth place with 62 billion dong, thanks to a growth of 321%. The by-product group alone decreased by half compared to the same period last year, only 7 billion VND, but improved by 4% compared to the previous month.
Regarding export markets, the US continues to be Vinh Hoan's main consumption market with an increase of 68% to 415 billion dong, accounting for 45% of total export value. Exports to China and other regions also increased by 4% and 49% over the same period, respectively. In Europe alone, export revenue decreased slightly by 3% to VND88 billion.
However, compared to October 2021, Vinh Hoan's November exports to the US decreased by 12% while other markets increased by 49-68%.
It is forecasted that the price of Vietnamese pangasius will increase in 2022 due to scarcity of raw materials, high feed costs, processing factories, and contributions have not completely recovered.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
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