Accordingly, in the first quarter this year, the company reached VND179.75 billion of turnover, VND20.26 billion of post-tax profit, and VND2,533 of earning per share.
AGD showed that there are three reasons why in QI/2011 its post-tax profit was VND12.7 billion higher over the same period last year (VND 7.56 billion).
Firstly, net revenue increased VND71.6 billion, or 69% mainly due to higher foreign demand for seafood products which leads to an increase in export volume and price (average price was from 2.6 USD per kg to 3.1 USD per kg, up 20%). Besides, exchange rate also rose sharply (inter-bank average exchange rate raised from VND18,932 per USD in the early this year to VND20,730 per USD, up about 10%).
Secondly, gross profit increased VND23,7 billion, or 95% on that of the same period last year due to its higher turnover and effective operation in raw material pangasius farming area. The company’s farming production met 70 percent of raw fish for manufacturing.
Thirdly, the company invested effectively in aqua-feed factory to provide food for fish at 100ha farming area.
Specifically, the company can save over VND1,000 for 1 kg of fish feed self-manufactured compared to buying outside.
In 2011, the company plans to reach VND660 billion of revenue, VND45 billion of post-tax profit, 20% of expected dividends, the first phase advanced dividend in 2011 in cash at the ratio of 10 percent.
GODACO
Mr. Le Son Tung – Director
Add: Lot 45, My Tho Industrial Zone,
Tel: +84 73 3854525
Fax: +84 73 3854528
Email: godacoexport@hcm.fpt.vn
(seafood.vasep.com.vn) In Hoa Vang district (Da Nang City), red tilapia farming is demonstrating clear economic efficiency, becoming a promising livelihood that helps many households increase their income. A notable example is the model of Mr. Huynh Ngoc Nam, who operates two red tilapia ponds covering more than 4 hectares, generating stable annual income.
(seafood.vasep.com.vn) In Gia Vien district, tilapia farming—particularly the “duong nghiep” strain—is expanding rapidly and gradually becoming an efficient production model for local farmers. Hatcheries in the area are supplying high-quality, uniform, and disease-free fingerlings, meeting the growing demand for commercial farming.
(seafood.vasep.com.vn) On the afternoon of March 19, Vice Chairman of the Ca Mau Provincial People’s Committee, Le Van Su, chaired a meeting to address bottlenecks and propose solutions to expand the super-intensive whiteleg shrimp farming model using low water exchange and high biosecurity standards (RAS-IMTA).
(seafood.vasep.com.vn) On March 10, 2026, the Ho Chi Minh City People’s Committee issued Decision No. 1377/QD-UBND approving the Aquatic Animal Disease Prevention and Control Plan for the 2026–2030 period. The decision takes effect from the date of signing and replaces previous plans for the 2021–2030 period that had been issued prior to the administrative merger in Ba Ria – Vung Tau, Binh Duong, and Ho Chi Minh City.
(vasep.com.vn) In 2025, Chile imported more than USD 156 million worth of tuna, up 8.1% compared to the previous year and the highest level in the past five years. As the supply structure in this market is rapidly shifting, Vietnamese tuna is facing both opportunities to expand market share and increasing competitive pressure from Thailand, Colombia, and China.
(seafood.vasep.com.vn) Vinh Long Province is stepping up efforts to develop brackish water shrimp farming in a sustainable direction, identifying it as a key sector in its agricultural structure. In 2026, the province aims to reach around 71,300 hectares of shrimp farming, with an output of over 314,000 tons.
(seafood.vasep.com.vn) Ha Tinh Province is strengthening control over shrimp seed quality to minimize risks for the 2026 spring–summer farming season.
(seafood.vasep.com.vn) In February 2026, Vietnam’s pangasius exports reached USD 119 million, down slightly 5% year-on-year. However, thanks to strong performance in January, cumulative exports in the first two months of the year still reached USD 331 million, up 28% compared to the same period in 2025. Export activity slowed somewhat in February due to seasonal factors, particularly the Lunar New Year holiday, which disrupted production and shipments at many seafood processing enterprises.
(seafood.vasep.com.vn) Da Nang is accelerating the development of high-tech shrimp farming toward intensive production, disease control, and improved efficiency. Many shrimp farms have invested in automated environmental monitoring systems, continuously tracking indicators such as pH, dissolved oxygen, temperature, and salinity, enabling farmers to promptly adjust pond conditions and reduce disease risks.
(seafood.vasep.com.vn) The year 2025 is considered a turning point for Vietnam’s shrimp seed industry as the sector faces the need for strong transformation in technology, production management, and gradual self-sufficiency in broodstock supply. These factors are seen as key to improving seed quality and strengthening the competitiveness of the shrimp industry amid increasingly demanding market requirements.
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