HCMC – Vietnam’s pangasius exporter Vinh Hoan Corporation (HOSE: VHC) reported a fall in export revenue in November as sales declined across most key markets.
According to the company’s November business report, total revenue reached nearly VND964 billion, slightly down from a year earlier.
Pangasius remained the main product, accounting for 49% of its revenue. The firm’s sales from the segment fell 10% year-on-year to VND472 billion.
Several other product lines also declined. Revenue from its mixed products dropped 4% to VND165 billion. Shrimp crackers fell 5% to VND25 billion. Noodles and rice paper slipped 1% to VND28.8 billion.
By contrast, revenue from its by-products rose 9% to VND187 billion. Collagen and gelatin sales jumped 78% to VND71 billion. Value-added products surged 145% to VND15 billion.
By market, the United States recorded the sharpest plunge. Revenue fell more than 9% year-on-year to VND271 billion. China declined 2% to VND78 billion. Its shipments to Europe edged down 0.6% to VND162 billion.
Other markets showed growth, with combined revenue rising 34% to VND175 billion. Domestic sales reached VND277 billion, down 7%.
In the first 11 months of 2025, VHC’s preliminary revenue was estimated at VND11.1 trillion, down 3% from the same period last year. The decline was mainly due to a 6% fall in frozen fillet sales and a 1% drop in collagen and gelatin.
Closing the trading session today, December 26, VHC inched up 1.32% to VND53,700, with 624,200 shares changing hands.
Heavy sell orders in Vingroup-related stocks were unexpectedly absorbed late in the session, easing market sentiment and helping the VN-Index close with a narrower loss on December 26.
Shares of VIC, VHM, VRE and VPL all hit their daily floor prices in the morning session, with large selling volume intensifying negative sentiment. The VN-Index lost more than 50 points to around 1,690 by midday.
In the afternoon, selling pressure eased sharply as floor-price sell orders were fully absorbed. The four stocks narrowed their losses, lifting the VN-Index by more than 40 points from the intraday low to nearly 1,730.
The quick rebound then attracted low-price selling again in Vingroup shares, pulling the index back toward 1,700 before another recovery toward the 1,730 level at the close. Several blue chips and mid- and small-cap stocks also trimmed their losses.
At the close, the VN-Index fell 13.05 points, or 0.75%, to 1,729.8, with 100 stocks advancing and 218 declining on the Hochiminh Stock Exchange.
Trading volume exceeded 1.08 billion shares worth VND32.68 trillion, up more than 30% in volume and 24% in value from the previous session. Block deals accounted for over 161 million shares valued at VND5.2 trillion.
Despite the day’s volatility, the VN-Index gained more than 25 points, or about 1.5%, over the past week.
Within the VN30 basket, which groups the 30 largest-cap stocks, most Vingroup stocks recovered from floor prices. VHM closed down 3.7% at VND110,000, VIC fell 1.9% to VND155,000, and VRE slipped 0.8% to VND32,000. VPL remained under heavy pressure and stayed at its floor price of VND92,100.
Other bluechips that had dropped 2–5% by late morning, including VPB, MSN and MWG, narrowed their losses by the close. Banking stocks such as HDB, TCB, SHB, VIB, STB and MBB also ended slightly lower.
DGC was an exception, falling 5.7% to VND60,900, with trading volume exceeding 10 million shares.
On the upside, STB and HPG were notable gainers. STB rose 2.9% to VND57,500, while HPG added 2.5% to VND26,900, with HPG recording volume of more than 94 million shares, the second highest on the exchange. Lender SHB took the lead by liquidity with over 108.1 million shares changing hands.
On the Hanoi Stock Exchange, the HNX-Index also dropped sharply in the afternoon before recovering alongside the broader market. The HNX-Index closed down 0.45 point, or 0.18%, at 250.53. The northern exchange saw 50 winners and 94 losers, with trading volume of 97.6 million shares valued at VND2.04 trillion.
