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
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(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the Vietnam Association of Seafood Exporters and Producers (VASEP), in collaboration with the Agency for Domestic Market Management and Development under the Ministry of Industry and Trade, will organize the Domestic Seafood Supply–Demand Matching Program on the morning of August 20, 2026, at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City. The program aims to foster direct business connections between Vietnamese seafood producers and processors and domestic distributors, retailers, and foodservice channels.
(seafood.vasep.com.vn) The Cooking Show will be one of the most engaging experiential highlights of Vietfish 2026. Taking place over three days, from August 19–21, 2026, at Hall B1, SECC, Ho Chi Minh City, the event will offer visitors a vibrant culinary space where Vietnamese seafood is showcased through its flavors, stories, and real-life culinary applications.
(seafood.vasep.com.vn) Vietnam's pangasius exports reached USD 205 million in June 2026, up 5% compared with the same month in 2025. Cumulative export value for the first six months of the year totaled USD 1.1 billion, an increase of 12% year-on-year. Growth was primarily driven by strong demand from China and CPTPP markets, while exports to the United States and Brazil continued to decline.
(seafood.vasep.com.vn) In the first six months of 2026, Ha Tinh province continued to implement comprehensive solutions to combat IUU fishing; strictly manage the fishing fleet, control fishing vessels entering and leaving ports, operate vessel tracking devices, trace the origin of seafood, and severely punish violations.
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(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company, a member of the Vietnam Association of Seafood Exporters and Producers (VASEP), has been honored with the "Famous Brand - Competitive Vietnamese Brand 2026" certification at an award ceremony organized by the Vietnam Intellectual Property Association (VIPA).
(seafood.vasep.com.vn) China imported nearly $1.4 billion worth of Vietnamese seafood in the first half of the year, a 40% increase compared to the same period last year, surpassing the US to become the largest export market for the industry.
(seafood.vasep.com.vn) As part of Vietfish 2026, the International Seafood Hosted Buyer Program has been designed as a dedicated B2B matchmaking initiative for selected international buyers. The program provides opportunities to meet directly with Vietnamese seafood companies, gain market insights, and experience Vietnam's seafood supply chain firsthand.
(seafood.vasep.com.vn) A Story from Cà Mau’s Coast It’s 5 AM in Cà Mau. Minh, a third-generation fisherman, is ready to set sail. But unlike his father and grandfather, his boat no longer runs on an old diesel engine that burns fuel and clouds the sky with smoke. Instead, it’s powered by a hybrid engine that saves 40% fuel—funded by an ESG program from a major seafood exporter.
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