During the period, financial income of Camimex Group doubled over the same period to nearly 9 billion VND. This operating expense also increased 120% to 26.4 billion VND.
In addition, selling expenses of Camimex Group also increased sharply to VND 28 billion and administrative expenses recorded VND 14 billion. After deducting expenses, the company reported a profit after tax in the third quarter of 33.7 billion VND - up 22% over the same period.
Accumulated in 9 months of 2022, Camimex Group achieved a total revenue of VND 2,200 billion, up 53% over the same period. Profit after tax is at nearly 87 billion dong. With this result, Camimex Group only fulfilled 56% of the revenue plan and only 29% of the full year profit target.
On the balance sheet as of September 30, 2022, Camimex Group's total assets are at more than VND 2,900 billion, including VND 51 billion in cash and VND 200 billion in investments held to maturity.
In addition, the company's inventory was also high, increasing 27% compared to the beginning of the year to nearly 1,100 billion dong (more than 41 billion dong was deducted from provision for devaluation) and accounted for 38% of total assets.
The company's liabilities by the end of the third quarter were nearly VND 1,520 billion, of which VND 1,033 billion were financial loans, which increased sharply compared to the beginning of the year and accounted for 68% of total debt. Large financial debt caused the company to bear nearly 41 billion dong in interest expense since the beginning of the year.
At the recent seminar "Fishery industry 2023: Identifying challenges and solving the problem of decreasing orders, increasing interest rates", Mr. Truong Dinh Hoe - General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP) said that Vietnam seafood export turnover in 2022 will reach about 11 billion USD. In which, shrimp exports reached 4.3 billion USD; pangasius reached 2.5 billion USD; seafood reached 3.2 billion USD; tuna 1 billion USD.
Notably, all products have a double-digit growth, average 18-77%. All markets grew by double digits, averaging 15-75%, except for the UK market, which only increased by 3%, while the Russian market still grew by 0.2%.
According to Mr. Hoe, currently, Vietnam's seafood export ranks third in the world, after China ($18 billion) and Norway ($11 billion), accounting for 7% of the market share. In particular, Vietnam is among the 4th shrimp suppliers along with Ecuador, India and Indonesia. Vietnamese shrimp accounts for nearly 8% market share in the US and China in 2022 and also increasing its market share in the EU after 2 years of EVFTA despite COVID-19.
Although assessed as strong growth, Mr. Truong Dinh Hoe said that the seafood industry is facing internal challenges such as: infrastructure problems for farming; quality of breeding stock, parental breed; input cost; fisheries management in accordance with the IUU Regulation; fuel costs for fishing and resources.
In addition, there are external challenges such as: inflation, growth slowdown in key markets affecting spending and limiting consumer demand; servire competition. The Chinese market has great potential, but besides many opportunities, there are also risks due to diversity in trade as well as COVID-19 management policies.
Compiled by Thuy Linh
(seafood.vasep.com.vn) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
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(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
By the end of Q3/2025, Vietnam’s seafood industry recorded a clear recovery as a series of leading companies reported strong profits — some even achieving the highest results in their history. After several quarters struggling with high costs and weakened demand, the latest business results indicate a robust comeback across the industry.
(seafood.vasep.com.vn) On November 12 in Ho Chi Minh City, the Embassy of the Netherlands, in coordination with the Ministry of Agriculture and Environment, organized the Vietnam–Netherlands Business Forum under the theme “Shaping the future of sustainable aquaculture in the Mekong Delta.”
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