Hung Vuong Corporation

What Hung Vuong Corporation does

Hung Vuong Corporation (Công Ty Cổ Phần Hùng Vương) is Vietnam's largest pangasius (tra/basa catfish) processor and exporter, founded in September 2003 and listed on the Ho Chi Minh Stock Exchange under ticker HVG with charter capital of approximately 2,270 billion VND. The company sells primarily to international seafood distributors, importers, and food-service buyers in 80+ countries through a direct B2B export model, with no consumer-facing branding and no publicly listed prices.

The company operates a fully closed-loop vertical production system unique within the Vietnamese pangasius industry: it produces its own aquaculture feed through wholly-owned Viet Thắng Feed Company, breeds its own fish fingerlings via Hùng Vương – Ba Tri, farms on 350+ hectares of controlled ponds across 8 Mekong Delta provinces, and processes finished product at 6 HACCP-certified riverside plants with aggregate capacity of 300,000+ metric tons per year. Cold storage and export logistics are anchored by the Automated Cold Store (ACS), Vietnam's largest cold storage facility at 42,000 tons, which also rents capacity to third parties. The core product range covers ten or more frozen pangasius cut forms (Well-Trimmed, Un-Trimmed, Half-Trimmed, Chunk/Steak, Roll Rose, Portion, Strip, Skewered, Loin, HGT) for export, supported by international certifications (HACCP, ISO 9001:2008, GlobalGAP, ASC, BAP, SQF 1000, VietGAP).

Hung Vuong monetizes through transaction-fee export sales of frozen pangasius products, managed-service revenue from cold storage rentals at ACS, and hardware sales of floating aquaculture feed from Viet Thắng. The company is led by Chairman/CEO Dương Ngọc Minh, with Deputy CEOs Lê Kim Phụng (Business Development) and Lê Nam Thành, and reports no private equity or venture capital parent ownership. The distribution model is enterprise field sales targeting global seafood buyers, with marketing conducted through a bilingual corporate website (hungvuongpanga.com) and downloadable product catalogues rather than consumer channels.

Name

Hung Vuong Corporation

Legal name

Công Ty Cổ Phần Hùng Vương

Website

https://hungvuongpanga.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

1–10 employees

Short description

Hung Vuong Corporation is Vietnam's largest pangasius (tra catfish) processor and exporter, operating a fully integrated closed-loop system from feed and fingerling production through farming, HACCP-certified processing (300,000+ tons/year), and cold storage, selling B2B to international seafood distributors across 80+ countries.

Ownership category

akta.pro rank

Product category

Pangasius (Catfish) Processing and Export

NAICS

Seafood Product Preparation and Packaging (31171), Aquaculture (1125), Other Animal Food Manufacturing (311119), Fish and Seafood Merchant Wholesalers (42446)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092), Food And Kindred Products (2000)

akta.pro primary industry

Fresh & Frozen Seafood Fillets (Portioned, Skinless/Boneless) (AFANALAA)

akta.pro secondary industries

Frozen Seafood Meals & Value-Added Seafood (CRADADAG), Species-Specific Warmwater Fish Feed (Carp, Pangasius, Other Warmwater Species) (AFADADAK)

Keywords

• Pangasius processing
• Aquaculture feed production
• Fish fingerling breeding
• Seafood cold storage
• Catfish export distribution

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Processing and Export of Pangasius Products: Core revenue stream from processing and exporting frozen pangasius (tra/basa) fish products. Production capacity exceeds 300,000 metric tons of finished products per year. Products include Well-Trimmed, Un-Trimmed, Half-Trimmed, Portion, Strip, Skewered, Loin, HGT, Roll Rose, and Chunk/Steak cuts. Serves markets across 80+ countries globally.
2. Cold Storage Services: Largest cold storage system in Vietnam with 42,000 ton capacity serving both internal storage needs and external rental services for third-party customers
3. Aquaculture Feed Production: Produces floating pellet aquaculture feed for internal farming operations and external sales. Leading producer in the Mekong Delta region with Viet Thắng Company producing high-quality feed

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Hung Vuong Corporation is a vertically integrated pangasius (tra/basa catfish) processor and exporter that runs a fully closed production system from aquaculture feed and fingerling production, fish farming, HACCP-certified processing at six riverside plants (300,000+ tons/year), through cold storage (42,000 tons — largest in Vietnam) to global export across 80+ countries. It sells frozen pangasius fillets in multiple cuts (Well-Trimmed, Un-Trimmed, Half-Trimmed, Chunk/Steak, Roll Rose, Portion, Strip, Skewered, Loin, HGT) to international seafood distributors, importers, and food service companies.

Product overview

Hung Vuong Corporation is a vertically integrated pangasius (tra catfish) agribusiness operating a fully closed-loop production system from artificial fish seed production through aquaculture, feed manufacturing, processing, cold storage, to export. The company operates six HACCP-certified processing plants with 300,000+ tons/year capacity and 350+ hectares of aquaculture zones producing 200,000 tons of raw material annually. The product portfolio centers on frozen pangasius fillets in various cuts (Well-Trimmed, Un-Trimmed, Half-Trimmed, Chunk/Steak, Roll Rose, Portion, Strip, Skewered, Loin, HGT), supplemented by fish fingerlings production, industrial aquaculture feed, and cold storage services. The company holds Global Gap, ASC, BAP, VietGAP, SQF 1000, HACCP, and ISO 9001 certifications across its operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Frozen Pangasius Fillets (Processed & Exported) Frozen pangasius/basa fillets in multiple cuts — Well-Trimmed, Un-Trimmed, Half-Trimmed, Chunk/Steak, Roll Rose, Portion, Strip, Skewered, Loin, and HGT (Head, Gut, Tail) — processed at six HACCP-certified riverside processing plants with 300,000+ tons/year capacity, exported to international seafood distributors, importers, and food service companies across 80+ countries.
• Aquaculture Feed (Pangasius Feed Pellets) High-quality floating feed pellets produced by Viet Thắng Feed Company for feeding pangasius in Hung Vuong's aquaculture zones, compliant with HACCP, ISO 9001:2008, and Global GAP standards. Used internally and supplied externally as a leading feed producer in the Mekong Delta region.
• Pangasius Fingerlings (Fish Seed) Artificially produced pangasius fingerlings supplied by Hung Vuong – Ba Tri (a wholly-owned subsidiary) to ensure clean, disease-free seed stock for the company's owned aquaculture zones.
• Cold Storage Services Cold storage services through the Automated Cold Store (ACS) facility in Tan Tao Industrial Zone, Ho Chi Minh City, with 42,000-ton capacity — the largest in Vietnam — serving both the company's own inventory and third-party rental customers requiring temperature-controlled preservation for perishable goods.

Quantifiable outcome

• Products distributed to 80+ countries worldwide
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Maruha Nichiro: One of Japan's largest seafood companies with global operations across aquaculture, processing, and distribution. Acquires pangasius from Vietnam and competes for the same foodservice and retail channels as Hung Vuong.
• Nissui (Nippon Suisan Kaisha): Major Japanese seafood conglomerate with global aquaculture, processing, and frozen-foods businesses. An end-buyer/processor customer in Japan that competes broadly in frozen seafood categories overlapping Hung Vuong's export list.
• Thai Union Group: Global seafood giant producing tuna, shrimp, and pangasius (via subsidiaries) for retail brands worldwide. Competes with Hung Vuong in whitefish/pangasius supply and is a much larger incumbent buyer of Vietnamese raw material.
• High Liner Foods: North American seafood value-added processor and distributor supplying retail and foodservice with frozen fish products including pangasius/similar whitefish. Comparable buyer-channel position though downstream-focused.

Direct peers

• Minh Phu Seafood Corporation: Largest Vietnamese shrimp processor/exporter with vertically integrated aquaculture and processing. Same closed-loop production model and global B2B export orientation, but in shrimp rather than pangasius.
• Vinh Hoan Corporation: Vietnam's largest dedicated pangasius processor and exporter, with vertically integrated farming, processing and global B2B sales. Closest direct competitor to Hung Vuong in fillet formats, certifications, and export footprint.
• IDICO Bien Dong Seafood (BESEACO): Mekong Delta-based pangasius processor operating multiple plants with HACCP/ASC/BAP certifications for export markets. Overlaps directly with Hung Vuong's processing capacity and cut formats.
• Thuan Hung Production & Import Export JSC: Vietnamese pangasius producer/exporters with integrated farming and processing. Comparable scale and product portfolio targeting same global B2B seafood buyers.
• An Giang Fisheries Import-Export (AGIFISH): Long-established Mekong Delta pangasius processor and exporter with integrated farming. Competes head-to-head with Hung Vuong in frozen pangasius fillet exports.
• Sao Ta Foods (STAPIMEX): Vietnamese seafood exporter producing pangasius and shrimp under HACCP/BAP-certified plants with global B2B distribution. Directly comparable in scale, processing model, and export markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights8 records

Customer concentration

• LinkedInlinkedin.com/company/hung-vuong-corp

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hung Vuong Corporation