Vinh Hoan Says They are on Track to Increase Growth Despite Trade Issues in 2016
SEAFOODNEWS.COM [Vietnam Investment Review] by Thanh Xuan - January 31, 2017
On January 05, 2017, Vinh Hoan forecast its 2016’s consolidated revenue and net profit after tax at VND7,200 billion ($327.3 million) and VND500 billion ($22.73 million), up 11 and 70 per cent year-on-year respectively. In which, total export revenue is expected to reach $274 million, up 5 per cent year-on-year. Considering the Vietnam pangasius industry’s year-on-year growth of 6.6 per cent as estimated by Vietnam Association of Seafood Exporters and Producers, Vinh Hoan has outperformed most of its peers.
2016 was a year marked challenges and breakthroughs in both supply and export market conditions.
The most notable market challenge of 2016 came in April, when the US, which is Vietnam’s largest market accounting for 23...
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