Specifically, the company estimates that its total processed shrimp production increased by nearly 22% compared to 2023, reaching 25,833 tons. In contrast, total processed agricultural products dropped by 34%, totaling 1,040 tons.
By the end of December 2024, the company had completed stocking shrimp seedlings for the off-season across its entire shrimp farming area.
Regarding sales, the volume of processed shrimp sold reached 22,164 tons, up 27% compared to 2023. For agricultural products, the sales volume decreased by 4%, totaling 1,309 tons.
For the full year 2024, Sao Ta Foods estimates total revenue of $250.86 million, a 25% increase compared to 2023 and 19% higher than the company's initial target.
These impressive results come despite significant challenges faced by Vietnam’s shrimp industry, including global economic instability, unfavorable shrimp farming conditions, and trade defense measures targeting Vietnamese shrimp, particularly in the U.S. market.
In connection with the countervailing duty case involving frozen warmwater shrimp imported from Vietnam, the U.S. Department of Commerce (DOC) issued its final ruling on October 22, 2024. The ruling imposes a countervailing duty rate of 221.82% on one non-cooperating company and a 2.84% rate for all other Vietnamese exporters.
Sao Ta Foods's management noted that it had anticipated the risks associated with exporting to the U.S. market. The company proactively allocated provisions for antidumping and countervailing duties in its U.S. sales revenue. Additionally, since 2020, the company has implemented various market strategies to mitigate these risks, including shifting focus to the Japanese market.
The Japanese market is considered a “home ground” for Sao Ta Foods, allowing the company to leverage its strengths in premium, deeply processed products while reducing business risks. This advantage stems from Japan’s geographical proximity and the lack of direct competition with low-cost shrimp from India and Ecuador. Currently, Sao Ta Foods is Vietnam’s largest shrimp exporter to Japan.
(seafood.vasep.com.vn) In the first four months of 2026, Vietnam’s tilapia exports reached USD 49 million, up 151% compared to the same period in 2025. This figure reflects an emerging export sector that is taking advantage of market gaps created by global trade disruptions, while larger producers are adjusting their strategies.
On the afternoon of May 28, the People’s Committee of Ho Thi Ky Commune signed a memorandum of understanding with Minh Phu Certified Shrimp Social Co., Ltd. (a member of Minh Phu Seafood Corporation) on cooperation to develop a black tiger shrimp farming area meeting international certification standards during the 2026–2030 period in the commune.
(seafood.vasep.com.vn) The “Moringa Noodles Salad” product by Sa Giang Import-Export Corporation was honored as one of the “Top 10 Winning Products” at the THAIFEX – Anuga taste Innovation Show 2026, held as part of THAIFEX – Anuga Asia 2026 in Bangkok.
(seafood.vasep.com.vn) After a fairly strong upward trend in 2025, Vietnam’s clam exports entered 2026 with a mixed picture: strong growth at the beginning of the year, followed by a slowdown from March onward. According to Vietnam Customs data, Vietnam’s clam export turnover in the first four months of 2026 reached more than USD 38 million, up 2% compared to the same period in 2025.
(seafood.vasep.com.vn) Vietnam’s pangasius industry is facing new opportunities to expand its development space as many localities and businesses begin promoting marine farming models aimed at diversifying farming areas and adapting to climate change. However, for pangasius to truly “go offshore” and develop into a large-scale industry segment, significant challenges related to technology, broodstock, and markets still need to be addressed.
(seafood.vasep.com.vn) Vietnam’s tilapia exports in April 2026 reached USD 11 million, up 92% compared to the same period in 2025. This strong growth indicates that Vietnamese tilapia products are continuing to penetrate and expand rapidly in international markets. Cumulative export turnover in the first four months of 2026 reached USD 49 million, up 151% year-on-year.
(seafood.vasep.com) At VietShrimp Asia 2026, disease management trends in shrimp farming are shifting strongly from treatment-based approaches toward proactive prevention through environmental and pond ecosystem control.
(vasep.com.vn) After a period of strong growth, with export turnover reaching USD 38 million in Q1/2026 — up 174% year-on-year — the sector’s rapid expansion clearly reflects growing market opportunities.
(vasep.com.vn) In the first quarter of 2026, Vietnam’s pangasius exports to the ASEAN bloc reached USD 44 million, up 7% compared to the same period in 2025. After falling to the lowest level of the quarter at USD 9 million in February — reflecting the seasonal slowdown in orders after the festive period — exports recovered strongly to USD 18 million in March, the highest monthly value of the quarter. This development shows that import demand for pangasius in ASEAN remains relatively stable despite short-term fluctuations.
(seafood.vasep.com.vn) On May 11, 2026, the US National Oceanic and Atmospheric Administration (NOAA) announced a positive comparability finding for Vietnam’s swimming crab fisheries, along with those of Indonesia and Sri Lanka, under the Marine Mammal Protection Act (MMPA). With this decision, seafood and seafood products harvested from Vietnam’s swimming crab fisheries will continue to be eligible for import into the US market.
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