October 19, 2011

Vinh Hoan announces export revenues

Vinh Hoan Joint Stock Company (VHC) posted its export revenues of US$45 million in the third quarter of this year.

US remained the largest export market of VHC's seafood, with an export value making up 47% of the total, followed by EU with 27%, Australia 8%, Canada 5% and others 13%.

In September, VHC invested VND49 billion (US$2.3 million) in Vinh Hoan 2 Food Co., VND72 billion (US$3.4 million) in Vinh Hoan 3 Food Co., and VND50 billion (US$2.4 million) in Vinh Hoan 4 Co.

In 2011, the seafood exporter targets a net profit of VND250 billion (US$12 million) on revenues of VND4.2 trillion (US$201 million).