In 2016, the company completed 90% in production output; 96% in export turnover; 87% in net sales and 20% in profit before tax of the plan. Specifically, the export turnover of MPC reached US$531 million, and its production output was 42.457 MT. Accordingly, total net revenue was VND11.973 billion and pre-tax profit came to VND101 billion. After deducting tax expenses, the company earned VND72 billion in profit after tax. After deducting tax expenses, the company earned VND72 billion in profit after tax of its parent company.
Mr. Le Van Quang, Chairman of the company, said that out of all importing markets of MPC, the U.S remained as the largest one (US$220 million), accounting for 41% of total export value; followed by the Japan (US$109 million) and Canada (US$48 million) with the shares of 21% and 9%, respectively.
In terms of business plan in 2017, MPC set out an ambitious plan with total consolidated net sales of VND15.781 trillion and consolidated net profit of VND841 billion, 10 times more than 2016. In this plan, MPC set a target of US$681 million in consolidated export turnover with a combined production of 55,300 MT of finished shrimp.
Profit comes from the new shrimp farming method
According to Mr. Quang, with the determination of the whole company, MPC is to reach and even exceed the plan. In mid-March this year, MPC reduced the price of raw shrimp that farmers still made profit. Therefore, this year, the price of shrimp of Vietnam decreased, equal to that of India and Indonesia but sales will be higher than that of those countries thanks to better technology.
In April 2017, production of MPC posted a year-on-year increase of 32.6% with a 46.7% rise in the value. In the first four months of this year, the output climbed up 19% and the value rose by 28.6% and exceeded 10% of the plan. Mr. Quang added that May, June, September and October are the main crops so it is easy to complete the plan of the year.
Vietnam shrimp entered the U.S will be subject to anti-dumping tax for another five years, but this will have no impact on MPC’s exports, said Mr. Quang. After pursuing an eight-year lawsuit against the U.S side, MPC won the case and the DOC removed from the anti-dumping duty when MPC exports shrimp to the U.S. At the same time, the part of the anti-dumping duties that MPC has paid for in previous years will be refunded, which is expected to amount to millions of dollars.
Compiled by Dieu Thuy
(seafood.vasep.com.vn) By the end of 2025, Vietnam’s seafood industry had left a strong mark with export turnover reaching nearly $11.3 billion, up 12.4% year-on-year. This robust performance reflects not only a rebound in global consumption demand but also the agile adaptation of domestic firms in navigating increasingly stringent trade barriers.
(seafood.vasep.com.vn) According to the 2025 review and 2026 outlook conference held by the Directorate of Fisheries and Fisheries Surveillance on the afternoon of January 7, Vietnam’s seafood sector has set a total production target of over 10 million tons in 2026, representing a 0.6% increase year-on-year. Of this total, capture fisheries are projected at around 3.75 million tons (down 2.1%), while aquaculture output is expected to reach 6.25 million tonnes (up 2.2%) compared with 2025.
(seafood.vasep.com.vn) Sao Ta Food JSC (Fimex, Ticker: FMC) has announced its 2025 business results, reporting revenue of over $300 million (approximately 7.8 trillion VND), representing a 19.8% increase year-on-year; projected profit is expected to reach approximately 420 billion VND.
(seafood.vasep.com.vn) Vietnam’s fisheries sector concluded 2025 with landmark achievements: export turnover reached a record high, despite heightened volatility in global trade and increasingly stringent barriers from major markets, most notably the United States. Amid a mix of opportunities and challenges, the fisheries sector also witnessed important policy shifts. Together, these developments form a multifaceted picture of an industry proactively adapting and restructuring toward a trajectory of sustainable development.
(seafoos.vasep.com.vn) According to the Department of Agriculture and Environment of Vinh Long, the province’s shrimp farming area reached 69,800 hectares in 2025, including 7,500 hectares under high-tech farming models, 18,820 tons of black tiger shrimp and 293,000 tons of whiteleg shrimp.
(seafood.vasep.com.vn) Building on a robust growth momentum in 2025, Nghe An province has set a strategic goal to reach a total fisheries output of 270,000 tons by 2026, reinforcing its position as a key hub for aquaculture and exploitation.
(seafood.vasep.com.vn) Can Tho City statistics indicate that in 2025, following the merger of three former administrative entities - Can Tho, Hau Giang and Soc Trang - fisheries output in 2025 increased by 6.23% compared with 2024 with aquaculture production nearly 9.1 times higher than capture fisheries.
(seafood.vasep.com.vn) According to the Ca Mau Department of Agriculture and Rural Development, Ca Mau province has achieved significant, comprehensive and substantive progress in combating IUU fishing in 2025, successfully fulfilling all tasks directed by the central government and strengthening fisheries governance. These efforts have established a solid foundation for the nationwide effort to lift the EC’s "yellow card" warning.
(seafood.vasep.com.vn) Ca Mau has exceeded its 2025 production targets, reaching nearly 595,000 tons of shrimp. This milestone reinforces the province’s position as Vietnam’s leading shrimp producer and a bright spot in the country’s seafood sector.
(seafood.vasep.com.vn) According to Vietnam Customs data, cumulative shrimp exports from the beginning of the year through November reached $4.3 billion, up 21% year-on-year, continuing to serve as the primary growth driver of the entire seafood sector. In November alone, export turnover amounted to $393 million, up 14%.
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