AsemconnectVietnam - Vinh Hoan Corporation (code VHC - HOSE) has just announced its April 2025 business newsletter with total revenue reaching VND1,019 billion, down 7% compared to the same period last year.

According to the revenue structure by product of Vinh Hoan in April 2025, revenue from many product groups fluctuated compared to the same period last year.
Specifically, the main product is pangasius, recording revenue of VND583 billion, down from VND635 billion in April 2024. Similarly, other product groups also decreased from VND205 billion to VND169 billion. In addition, health products decreased from VND75 billion to VND61 billion and vermicelli and rice cakes decreased from VND42 billion to VND35 billion; Shrimp chips also saw a slight adjustment, from VND30 billion to VND27 billion.
On the contrary, some product groups had positive growth. Notably, revenue from by-products increased sharply from VND97 billion to VND130 billion. Value-added products doubled from VND7 billion to VND15 billion.
By export market, the US continued to hold the leading position in Vinh Hoan's revenue structure with VND371 billion in April 2025, equivalent to 36% of total revenue. However, this figure decreased by 10% compared to the same period last year. Similarly, two other major markets, the EU and China, also recorded a decrease of 11% and 19%, respectively, with revenue reaching VND179 billion and VND43 billion.
In contrast to the downward trend in key export markets, the domestic market recorded positive results. Domestic revenue reached VND285 billion, a slight increase of 1% compared to April 2024, becoming a rare bright spot in the company's revenue growth.
At the 2025 Annual General Meeting of Shareholders, VHC's board of directors said that the Company has almost no room to adjust selling prices to absorb new anti-dumping taxes, so the resulting costs will be passed on to importers and consumers.
In the worst case scenario, if the tax rate is imposed up to 46%, US consumers can still accept it, but the market will need time to adapt. On the contrary, if the tax is kept below 20%, adjusting selling prices will be easier and less disruptive.
N.Nga
Source: VITIC/Tinnhanhchungkhoan