VINH HOAN 1: Plans to earn VND1,200Bln in revenue

Vinh Hoan Feed JSC, a subsidiary of Vinh Hoan Corp and Wilmar Agro Viet Nam has inked an agreement to improve feed quality and promote sustainable development of Pangasius industry.

Under the agreement, Wilmar Agro Viet Nam will provide Vinh Hoan Feed Jsc. around 35,000MT of high quality bran, worth VND200 billion to produce fish feed.

This year, Vinh Hoan 1 sets the target to earn VND1,200 billion in revenue, and VND80 billion in after-tax profit.
Source: VASEP
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Scots MEP welcomes lessons learned on Vietnam aquaculture visit

Having previously raised concerns over standards in the Vietnamese fish farming sector, Struan Stevenson MEP, Senior Vice President of the European Parliament’s Fisheries Committee, has now acknowledged that EU consumers and aquaculture businesses have little to fear from growing imports.

With imports of Vietnam’s pangasius fish reaching 230,000 tonnes in 2010, Mr Stevenson had raised concerns over standards of hygiene, welfare, feed and fish health at many of the 1600 fish farms in the country’s Mekong Delta. Read more of this post

Struan Stevenson: “EATING HUMBLE (FISH) PIE”

Immediately after his trip to Vietnam, Mr. Stevenson wrote this op-ed article showing how the visit profoundly altered his wiews on Vietnamese Pangasius in a very positive manner.

Humble pie is a dish best served cold and eaten slowly! In my case, the pie was filled with fish. To be precise, it was filled with Pangasius. It is always difficult for a politician to admit to being wrong, but here goes. I was an arch critic of Pangasius, more than 230,000 tonnes of which were imported into the EU from Vietnam in 2010. Pangasius is a white-fleshed, freshwater-farmed catfish, commonly sold in our supermarkets as Panga Fish or Vietnamese River Cobbler. Most of it comes from the Mekong Delta in Southern Vietnam, an area teeming with fish farms, over 1600 of which raise Pangasius. Shrimp farms also abound in this hot and humid area of South-East Asia.

I made several speeches and wrote some strongly worded articles attacking this trade, repeating commonly heard prejudices that the Vietnamese fish farms were un-regulated and polluted and their fish processing factories were dirty and unhygienic. I could not have been more wrong. My first sharp rebuttal came from an unexpected source – The Institute of Aquaculture at StirlingUniversity in my own constituency. The large team at Stirling have been working with the Vietnamese fish farmers for years, training them on all aspects of hygiene, welfare, feeding and fish health. They gave me a half-day crash course. Read more of this post

Politician has change of heart over pangasius

Scottish politician Struan Stevenson has had a change of heart.

Late last year, the VP of the European Parliament’s fisheries committee took a jab at pangasius, calling Vietnam’s Mekong River where the fish is raised “filthy” and accusing the industry of “ruthlessly” exploiting workers.

But on Monday, after accepting the Vietnam Association of Seafood Exporters and Producers’ (VASEP) invitation to visit Vietnam and seeing the industry first-hand, Stevenson rescinded his criticism, this time calling the industry “dynamic.” Read more of this post

First quarter performance of seafood companies

Among the 14 Seafood Companies (10 fish and 4 shrimp exporters) disclosing their 1st quarter financial report, 4 enterprises hit negative profit growth and one enterprise made loss.

Vinh Hoan Corp (Code: VHC) ranked the first among fish processing and exporting companies. Its revenue and after-tax profit hit VND800.7 billion and VND72.7 billion, up repectively 24% and 92%. Read more of this post

VINH HOAN CORP: Striving to assure 100 percent of raw material demand

Vinh Hoan Corp held a shareholder meeting on 25 April 2011. 

Ms. Truong Thi Le Khanh, CEO and President, said the company earned US$32 million in export turnover in Q1/2011, up 9 percent against the same period last year. Its after-tax profit reached VND72 billion out of a revenue of VND800 billion.   Read more of this post

Vinh Hoan Corp win Prix d’Elite at Seafood Brussels Show! Congratulation!

 Vinh Hoan and Halieutis bested 35 competitors to be awarded top honors at the 11th annual Seafood Prix d’Elite new products competition at the European Seafood Exposition on 3 May.

Vinh Hoan Corp. of Ho Chi Min City, Vietnam, won the grand prize for best new retail product with its Provocake. An appetizer or light meal, the product features a fish cake made of pangasius, shrimp and mushrooms encircled by asparagus and tied with a green onion top. The product received high marks from the judges for its quality of ingredients and originality of presentation. Read more of this post

VINH HOAN CORP: VND72 Bln in profit in Q1/2011

Vinh Hoan Corp reported a revenue of VND 317 billion and after tax profit of VND 19 billion. 

By the end of Q1/2011, VHC earned US$32 million in export value, up 9 percent over the same period of last year. Its total turnover reached VND800 billion, after-tax profit VND72 billion. Read more of this post

Top seafood exporters Jan-Feb 2011: Ranking!

Here is the ranking of the best exporter of Seafood for the first 2 months of 2011.

It is important to note the good ranking of Vinh Hoan, mastering the Pangasius market with an average price of 3.6 usd/kg of fish fillet while national average stand at 3.2 usd/kg

Read more of this post

Vinh Hoan: Export turnover reached US$22 Mln in Jan-Feb

Thanks to its efforts in taking initiative in raw materials, Vinh Hoan was not affected by the material shortage at the moment. Its export turnover in the first two months of the year amounted to nearly US$22 million, said the company.

In comparison with the same period last year, export value increased by more than 20 per cent with market structure as follows: Read more of this post

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