Corporate Profile

According to 2023 data from the Food and Agriculture Organization (FAO), aquaculture now accounts for 52% of total global seafood consumption, underscoring its increasing importance. Pangasius is among the most widely recognized and consumed aquaculture products, exported to over 150 countries worldwide.
Within a more comparable segment, pangasius competes directly with other whitefish species from both aquaculture and wild-catch, such as tilapia and pollock. Pangasius holds strong advantages in sustainable aquaculture suitability and is often referred to as “your everyday fish” thanks to its white, boneless fillet, mild flavor, and versatility across a wide range of culinary applications.
Vinh Hoan’s competitive strengths lie in its fully integrated value chain, which ensures stable supply, consistent quality, and cost competitiveness of raw materials. The Company is also a pioneer in achieving internationally recognized aquaculture certifications at scale, including ASC (Aquaculture Stewardship Council) and BAP 4-star (Best Aquaculture Practices), with continued expansion of certification coverage across the entire value chain.

On 17 January 2025, in Washington D.C., the Ministry of Industry and Trade, under authorization from the Government of Vietnam, signed a Bilateral Agreement with the Government of the United States regarding the anti-dumping duties imposed on Vietnamese fish fillets. The agreement was signed with the U.S. Government’s representative, the Office of the United States Trade Representative (USTR). Under this agreement, Vinh Hoan Corporation — the only company eligible for duty removal under U.S. regulations — was exempted from anti-dumping duties on its pangasius exports to the United States.

Regarding the reciprocal import tariff announced by the U.S. administration in early April 2025 and applied to all exporters shipping products to the United States, the current tariff rate is 20%.

Vinh Hoan’s current level of raw material self-sufficiency is approximately 70–75%. We consider the 70–80% range to be optimal. Maintaining a portion of external sourcing allows us to capture real-time market signals and adapt production planning more flexibly. This balance supports stable and efficient operations.

To sustain this ratio over the medium and long term—especially as processing volumes increase to meet market demand—we continue to expand our farming areas annually. In parallel, we are also investing in strengthening our farming operations and workforce.

Vinh Hoan (VHC) operates its own farming areas, enabling the Company to self-supply approximately 70–75% of its raw fish requirements. This supports strong control over input quality and helps stabilize raw material costs.

In addition, the Company follows a policy of minimizing long-term inventory levels to preserve product value and maintain an efficient working capital position.

Inventory values are recorded in accordance with prudent accounting principles. Therefore, the Company will review and make necessary adjustments if there are material changes that may impact inventory valuation, in full compliance with applicable regulations on inventory provisioning.

VHC’s Collagen & Gelatin plant, which uses fish skin as raw material, has been in operation since 2014. Over time, the Company has refined its extraction technology and successfully built a strong market presence. These achievements have enabled multiple capacity expansion phases. The most recent expansion, completed in 2024, increased total production capacity to 4,000 tons of finished products per year.

Going forward, VHC is focusing on further technological advancement through deeper research. The Company is also strengthening its R&D capabilities and working to elevate the global positioning of the Vinh Wellness brand in the beauty and wellness markets.

Vinh Hoan has maintained a stable dividend policy for many years. Over the medium term, the Company intends to continue this approach, prioritizing cash or stock dividends at appropriate levels depending on annual business performance.

This policy aims to balance shareholder returns with the need to retain capital for production expansion and investments in new technologies.

Via the official website at www.vinhhoan.com (Investor section), or directly by email at ir@vinhhoan.com