Vinh Hoan Joint Stock Company (ticker: VHC) recently announced its April 2025 revenue, indicating a significant decline in the US market, which accounts for 36% of its revenue, dropping 10% year-on-year to 371 billion VND. Revenue from Europe and China also fell 11% and 19%, respectively. Overall, Vinh Hoan’s total revenue for April reached 1,019 billion VND, a 7% decrease compared to the previous year. However, domestic sales slightly increased by 1% to 285 billion VND, making it the second-largest contributor to total revenue. For Q1 2025, domestic revenue was 817 billion VND, surpassing US revenue of 686 billion VND. Vinh Hoan remains optimistic about its tra fish exports amid uncertain US tariffs. They adjusted forecasts to reassure investors and believe they can achieve 9-10% growth due to gaining larger market share as other fish species decline. Leadership insists there is no reason for pessimism and plans to leverage the tax post postponement to boost exports.
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