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) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.
(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.
(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.
(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
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