Food & Beverage

China overtook the US as Vietnam's largest seafood market in H1 2026, with exports reaching $5.7 billion (+11.4%). Shrimp and pangasius drove growth, but US protectionist measures threaten H2 outlook for ANV, IDI, and VHC.

AAM posts Q2 net profit of VND 3.4B (+200.5%) on revenue of VND 16.8B (-73.9%), driven by financial income from deposits and raw fish sales. Cash and deposits account for 73% of total assets, with no debt outstanding.

Mekong Fisheries (AAM) reported Q2 2026 net profit of 3.4B VND, up 200.5% YoY, on revenue of 16.8B VND (-73.9%). The sharp profit increase likely stems from cost cuts or one-off gains.

Vinamilk (VNM) will pay a cash dividend of 18.5% on July 17, 2026, with SCIC receiving nearly VND 1,400B as the largest shareholder. The state investor has realized a total economic return of VND 106,468B from VNM, equivalent to 71 times its initial post-equitization capital.

SCIC has received over 3,649 billion VND in dividends from Vinamilk in 2025, accounting for 45% of its total dividend income. The state capital in Vinamilk has increased nearly 71 times since equitization in 2003, making it one of SCIC's most successful investments.

Antesco plans to start operations at its new fruit and vegetable processing plant in Tay Ninh on January 10, 2027, raising total system capacity from 75,000 to over 100,000 tons per year.