Vinaseed NSC outlines 2026 plan after 2025 results; chairwoman says meetings ban discussing difficulties and focus on solutions

Vinaseed Seed Group (Vinaseed – NSC) held its 2026 Annual General Meeting of Shareholders on the morning of April 16, 2026. In 2025, the company reported revenue of nearly VND 2,300 billion, down 6% year-on-year. Despite a challenging operating environment marked by volatile rice prices and rapid, intense climate change, Vinaseed reduced selling and administrative expenses by 13% and 14%, respectively, through strengthening its system, optimizing processes, and applying digital transformation in governance. As a result, pre-tax profit reached VND 275.5 billion, equal to 101% of the prior-year period. The company also expects to pay a 2025 dividend at a 40% cash rate.

“Hinge” year: rebuilding amid difficult market conditions

Chairwoman Nguyen Thi Tra My said that if one word were to describe 2025, “hinge” would be the most appropriate. She noted that the year did not follow the old path, but required the company to accept changes, rebuild its foundation, and prepare for a sustainable development cycle. Ms. My cited difficulties including falling rice prices and tax policy changes, while emphasizing that the company focuses on solutions rather than dwelling on challenges.

She added that while revenue was below plan, Vinaseed still achieved its pre-tax profit target, calling it a proud result in Vietnam’s difficult economic environment. In her view, the most notable achievement was not only the financial performance, but also how the company rebuilt its foundation and how it has operated since.

Four growth drivers outlined by management

Vinaseed identified four growth drivers for the next phase:

• Commercializing climate-resilient seeds with high R&D content and high gross margins. The new pure rice variety VNR98, for example, demonstrates drought resistance and stable yields of 7–8 tons/ha with high grain quality.
• Strengthening synergy within the PAN ecosystem to deliver integrated solutions for farmers. Vinaseed partnered with Vinam Company for Disinfection to form a bundled solution: Vinaseed supplies seeds and deployment, while VFC provides plant protection, nutrition, and technical support. The approach aims to reduce input costs and improve farming efficiency, shifting from selling single products to providing integrated solutions. Ms. My said deployment in the Mekong Delta and surrounding regions over more than a year has shown clear benefits and will be expanded.
• Expanding the vegetable segment, which management described as underdeveloped but with significant opportunities. Vegetables are expected to become a strategic growth pillar with substantially higher margins. Current revenue contribution is about 2%, expected to rise to 5%, with revenue around VND 100 billion in 2026.
• Repositioning the rice segment from production toward branding and value addition. The Board and management have redirected efforts toward high-tech, value-added activities to support exports to more demanding markets.

AGM approvals: governance changes and new business lines

The AGM approved changes to the company’s governance structure, including the dismissal of Supervisory Board members to align with the new management structure. The company will move from the current model (General Meeting of Shareholders, Board of Directors, Chief Executive Officer, Supervisory Board) to a structure comprising the General Meeting, Board of Directors, and CEO, with an Audit Committee under the Board.

The AGM also approved amendments to the company’s business lines, including adding new lines for: (i) financial services support activities not allocated elsewhere, (ii) management consulting and other management consulting, and (iii) research and development in agricultural science.

AGM Awards 2026 recognition

Vinaseed’s AGM was noted in connection with the AGM Awards 2026, organized by CafeF in collaboration with VIOD. The awards recognize enterprises with transparent, effective, and innovative AGM practices as Vietnam’s stock market moves toward upgrading its tier.

The source of the coverage is MarketTimes/CafeF.