Vinh Hoan (VHC) exports jump in July
Vinh Hoan (VHC) exports jump in July
Seafood processor Vinh Hoan Corporation has announced its July exports rose 36 per cent year on year to US$37 million.
The latest figure helped raise the firm’s cumulative exports during the first seven months to $176 million, a yearly increase of 14 per cent.
The US remained the firm’s largest export market, accounting for 64 per cent of the company’s total exports, while its exports to the US market rose 44 per cent year on year.
The company also announced its exports to China jumped 110 per cent from a year ago and accounted for 12 per cent of the firm’s total exports.
On the opposite side, exports to Canada, Australia, Hong Kong and the EU fell as demand in those markets dropped due to increasing prices.
The seafood industry recorded $1 billion worth of total exports in the first six months of 2018, a yearly increase of 20 per cent with major export markets being China, the US and ASEAN.
The company has more than 92.4 million shares listed on the HCM Stock Exchange as VHC, which closed up 0.4 per cent at VND73,600 ($3.27) on Friday.
