Pangasius sector posts strong earnings in Q1 on price rebound and market recovery
Vietnam’s pangasius (tra fish) sector has seen a promising start to 2025, with a combination of market recovery and rising export prices driving substantial gains in corporate earnings.
Among the leading exporters and processors, Nam Viet Corporation (HoSE: ANV) posted the strongest growth. In Q1/2025, ANV reported revenue of over VND 1,106 billion, up nearly 9% year-on-year. Net profit surged to VND 132 billion, a nearly eightfold increase compared to the same period last year, marking the company’s most profitable quarter in over two years.
The company attributed this performance to a clear rebound in the market after previous years of decline. Both sales volumes and prices rose in early 2025, leading to strong profit margins.
At Vinh Hoan Corporation (HoSE: VHC), although revenue dropped slightly by 7.2% to approximately VND 2,648 billion, net profit still rose by nearly 12%, reaching more than VND 211 billion. The improvement in earnings was credited to higher selling prices and lower farming costs compared to the previous year.
Smaller companies in the sector also showed solid growth. Kien Hung JSC (HNX: KHS) saw Q1 revenue jump more than 29.5% year-on-year to over VND 184 billion, while net profit surged by 425% to more than VND 21 billion. The company cited successful sourcing of competitively priced imported raw materials and stable demand in key markets such as Japan, the U.S., and the EU.
Similarly, International Development & Investment Corporation (HoSE: IDI) reported revenue of VND 1,495 billion, down 8% year-on-year, but its net profit jumped over 81% to VND 29 billion. This gain was largely driven by interest income and dividends from affiliated companies.
Ben Tre Seafood Import-Export JSC (HoSE: ABT) also had a strong quarter, with revenue rising 34% year-on-year to nearly VND 164 billion. Net profit doubled to over VND 22 billion, supported by a significant increase in purchase orders.
The sector’s positive results in Q1 reflect an encouraging trend for the rest of the year, especially as companies continue to capitalize on favorable pricing conditions and stronger international demand.
VFM
