Sao Ta Food Joint Stock Company (FIMEX VN) has announced its estimated business results for 2021 - the highest in the company's 26-year history.
Specifically, according to preliminary data (with the merger of Khang An's member company), by the end of 2021, FMC's processed shrimp production reached 22,790 tons, up 12% compared to 2020. Shrimp consumption reached 18,370 tons. , an increase of 7% compared to 2020. Consumption of agricultural products reached 1,590 tons, equaling 132% compared to 2020.
The company's overall sales are estimated at 213 million USD, equivalent to more than 4,850 billion VND, equal to 112% compared to 2020. Profit is estimated at over 280 billion VND, an increase of over 15% compared to 2020 – This is the highest profit figure in 26 year history of the company.
FIMEX said that 2021 is the most successful year of shrimp farming in the company's 10-year history with shrimp, contributing to offset the company's processing segment in the past year.
FMC expects that right after Tet, shrimp farms will start stocking, starting a new crop. In which, there is an increase in farming area of 52 hectares, which is a project assigned by the People's Committee of Soc Trang province to Khang An member company.
Also this year, both newly built factories of FIMEX will come into operation, in which Tam An factory of Khang An member company specializes in processing mixed products, with new products to meet new needs of consumers.
According to estimates of Rong Viet Securities Company (VDSC), FMC's revenue and profit after tax in 2022 will reach VND 6,096 billion (up 22%) and VND 320 billion (up 26%). Expectations about the export market, plus two new processing plants coming into operation in 2022, will be the driving force behind FMC's profit after tax to grow by 26-30% in the period 2022-2023.
(seafood.vasep.com.vn) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.
(seafood.vasep.com.vn) The tuna export market of Vietnam in the first month of 2025 has seen notable fluctuations. Exports to most major markets have decreased compared to the same period in 2024.
The Seafood Expo Global is the largest seafood industry event in the world, truly becoming a professional playground and a strong foundation for connecting the international seafood community. The Seafood Expo Global (SEG) 2025 will take place from May 6 to May 8, 2025 in Barcelona, promising to be an important platform for the global seafood community to meet, trade, and seek business opportunities in seafood industry.
(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam’s pangasius exports in January 2025 reached over USD 133 million, marking a 19% decline compared to the same period last year. Notably, the ranking of the top pangasius import markets saw significant adjustments.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
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