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) Vietnam’s shrimp exports in the first four months of 2026 maintained positive growth momentum, reaching approximately USD 1.5 billion, up 15% compared to the same period last year. However, behind this result lies diverging trends across markets, as the global shrimp industry continues to face pressure from inflation, high inventories, price competition, and increasing trade risks.
(seafood.vasep.com.vn) In Vinh Tuy commune (Kien Giang Province), many shrimp farmers are adopting bottom aeration systems and reporting clear economic benefits, helping increase income and reduce production risks.
(vasep.com.vn) In the first three months of 2026, Vietnam’s exports of crabs and other crustaceans reached more than USD 93 million, up 23% compared to the same period last year. The result shows that the sector is experiencing a fairly positive recovery, especially in its two key product groups: crabs and swimming crabs. However, behind the growth figures are several concerns: export markets remain highly concentrated, raw material supply is unstable, and trade barriers from the US and EU are becoming increasingly stringent.
(seafood.vasep.com.vn) In Ca Mau province, many farmers are transitioning from traditional methods to high-tech shrimp farming, adopting recirculating systems with minimal water exchange to improve efficiency and reduce risks. In Hung My commune alone, there are about 260 super-intensive shrimp farming households covering more than 265 hectares, playing a key role in local economic development.
(seafood.vasep.com.vn) In the first three months of 2026, Vietnam’s exports of fish cake and surimi reached USD 63 million, down 5% compared to the same period last year. Although total export value declined slightly due to decreases in some key markets, many other destinations continued to post strong growth, opening up room for this convenience-oriented processed segment in the coming quarters.
(seafood.vasep.com.vn) Favorable weather conditions in the early months of 2026 have brought encouraging signs for fisheries activities in Quang Tri. Output has grown steadily, contributing to improved livelihoods for local residents.
Entering 2026, Vietnam’s seafood industry is facing a period of both high expectations and mounting pressures. Following the positive recovery in 2025, production and export activities in Q1/2026 demonstrated the strong adaptability of Vietnam’s seafood business community amid continued global trade volatility, intensifying international competition, and increasingly stringent compliance requirements in import markets.
(vasep.com.vn) In the first quarter of 2026, Vietnam’s shrimp exports reached USD 1.069 billion, up 17.5% compared to the same period in 2025. This is a positive result amid an uneven global shrimp market recovery, intensifying competition among major suppliers, and continued volatility in the international trade environment. However, this growth does not reflect a broad-based recovery across the entire sector, but rather is driven mainly by strong performance in a few markets and specific product segments—most notably lobster exports to China.
(seafood.vasep.com.vn) Vietnam’s tuna exports continued to decline in March 2026. Cumulatively, in the first three months of the year, export value reached USD 208 million, down 4% compared to the same period in 2025. The export landscape shows clear divergence across markets: while the U.S. and EU remain challenging, markets such as Russia, the Middle East, Egypt, the Philippines, and Mexico have emerged as growth bright spots.
(seafood.vasep.com.vn) In Quang Ngai Province, shrimp farming costs are rising sharply due to लगातार increases in feed, fuel, and input material prices, while farm-gate shrimp prices are declining. This has significantly reduced farmers’ profit margins and increased production risks.
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