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) The year 2026 marks a period of strong growth for Vietnam’s tilapia industry, but it is also a time when international export competition is becoming increasingly intense. Vietnam’s tilapia exports reached USD 99 million in 2025, up 140% compared to the previous year. In the first four months of 2026 alone, export value reached USD 49 million, a 151% increase year-on-year. As global demand for affordable whitefish continues to rise, Vietnam is emerging as a noteworthy competitor to traditional tilapia powerhouses such as China, Indonesia, Brazil, and Egypt.
(seafood.vasep.com.vn) With continued policy support, technological innovation and close coordination among authorities, businesses and farmers, Vietnam’s pangasius industry is expected to make a strong and sustainable breakthrough during the 2026–2030 period, reinforcing its position as the world’s leading exporter of the fish.
(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s tilapia exports to Asian markets showed varying trends across regions and countries. The Middle East recorded strong growth, with Saudi Arabia emerging as the largest Asian market for Vietnamese tilapia. ASEAN markets also expanded significantly, driven primarily by Malaysia. Meanwhile, Japan maintained solid growth, while exports to South Korea declined compared to the same period in 2025.
(seafood.vasep.com.vn) Shrimp and pangasius continued to lead growth, helping seafood exports reach $4.67 billion in the first five months of the year; however, differentiation among product groups and increasingly stringent requirements from importing markets are posing many challenges for the industry.
(seafood.vasep.com.vn) Every day, the seafood processing industry in Ca Mau generates large quantities of shrimp heads and shells during processing operations. In the past, these by-products were largely treated as waste, increasing production costs and posing potential environmental risks. However, thanks to advanced processing technologies, materials once considered waste are now being transformed into high-value products, creating a circular economy model within the seafood industry.
(seafood.vasep.com.vn) Vietnam Clean Seafood Corporation has invested in a 280-hectare super-intensive shrimp farming zone in Tran De Commune, Can Tho City, generating export value of approximately VND 3 billion per hectare per year—around 50 times higher than traditional agricultural production.
(vasep.com.vn) Vietnam’s seafood exports reached USD 1.02 billion in May 2026, up 0.6% year-on-year. Cumulative exports in the first five months of 2026 totaled USD 4.67 billion, an increase of 11% compared to the same period in 2025.
(seafood.vasep.com.vn) In a rapidly changing global seafood market, timely insights and reliable data are more critical than ever. The Report on Vietnam Seafood Exports in Q1/2026 provides a comprehensive overview of the latest developments in Vietnam’s seafood production, trade performance, and export trends, helping businesses navigate uncertainty and identify new growth opportunities.
(seafood.vasep.com.vn) While many major markets continue to experience slow growth, Russia has emerged as a brighter destination for Vietnamese tuna exports in early 2026. Export turnover to this market increased by nearly 55% in the first four months of the year, indicating a clear improvement in demand. Nevertheless, Russia remains a market that should be viewed with both optimism and caution.
(seafood.vasep.com.vn) Vietnam’s pangasius exports have shown encouraging signs of recovery in 2026. In the first four months of the year, total export turnover reached USD 720 million, up 17% compared to the same period last year. This result reflects improving demand across many markets, as well as the efforts of Vietnamese pangasius enterprises to maintain production, secure orders, and adapt to changing market conditions.
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