Export Companies Vinatex, May Song Hong, Vinh Hoan, Sao Ta… enter the toughest trial phase of the year

The business results of several exporting enterprises in Vietnam are heavily impacted by tariffs in Q3 2025. Specifically, seafood products from Sao Ta reported revenue of nearly 2,983 billion VND, up 5% year-on-year, but incurred 193 billion VND in tariffs and nearly 160 billion VND in anti-subsidy taxes. Vinh Hoan achieved revenue of 3,470 billion VND, profit after tax increased by 34%, yet exports to the US dropped nearly 8%. Other companies like Nam Kim Steel and Thanh Cong Garment also reported unsatisfactory business results due to tax pressure and market conditions. In contrast, Vinatex and May Song Hong posted positive results with profits in Q3 increasing by 56% and 54% respectively. Heading into Q4, the textile industry faces challenges from declining export orders, while the seafood sector such as Sao Ta needs to prepare for the upcoming US anti-dumping ruling in December.