Accordingly, in the fourth quarter of 2021, FIMEX VN recorded revenue of 1,444 billion dong, up 19% over the same period, gross profit reached 202 billion dong, up 30% over the same period last year. As a result, gross margin improved from 12.9% to 14%.
During the period, financial revenue increased by 82.5%, reaching VND 16.41 billion; selling and administrative expenses increased by 13.8%, equivalent to an increase of 12.63 billion VND to 104.4 billion VND and other activities did not change significantly.
The company explained that the reason for the sharp increase in profit over the same period was mainly due to the profit from harvesting self-farmed shrimp, which reduced product costs and significantly increased profits for the overall performance of the company.
According to the data provided by enterprises, processed Sao Ta shrimp output reached 22,790 tons (up 12% compared to 2020), consumed shrimp output was about 18,370 tons (up 7%) and consumed agricultural products reached 1,590 tons, equal to 132% compared to 2020.
2021 is also the most successful year of shrimp farming in Sao Ta's 10-year history of shrimp farming, even though the pandemic has upset some of the company's original plans. Especially, the cost of renting empty containers for long-distance delivery increased too sharply, causing considerable damage to this business.
If in previous years, the 3 main activities of shrimp processing, agricultural product processing and shrimp farming together to create profits, in 2021, the shrimp farming segment will become the "trump card" of the business, helping to reduce product cost to compensate for the processing segment.
In the whole year of 2021, the Company recorded a revenue of VND 5,199 billion, profit after tax of VND 286 billion, up 17.8% and 27% respectively over the same period in 2020.
Please register for the Report on Vietnam's seafood exports in 2021 to know more details about the production and export situation of seafood exporters and the development of seafood production and export in the past year, forecast for 2022.
(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.
(seafood.vasep.com.vn) Vietnam’s tilapia exports are experiencing impressive growth, reflecting expanding global demand as well as the sector’s development potential. However, behind the strong growth figures lie limitations in production capacity and supply chains, highlighting the need for sustainable development in the coming period.
(seafood.vasep.com.vn) Vietnam’s pangasius exports to the Middle East in 2025 and early 2026 have shown notable growth. However, escalating geopolitical tensions in the region have increasingly impacted export activities since March. This situation presents a challenge of balancing market expansion opportunities with rising trade risks.
(seafood.vasep.com.vn) The Quang Tri Department of Agriculture and Environment has instructed localities to base their stocking schedules on actual conditions in each farming area, while developing plans, allocating resources, and implementing synchronized measures for disease prevention and disaster risk management in aquaculture production.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s exports of fish cakes and surimi exceeded USD 45 million, up 7% compared to the same period in 2025, indicating a positive outlook for this product segment amid recovering demand in many markets.
(seafood.vasep.com.vn) During the week from April 4th to 10th, 2026, Quang Ngai province intensified its monitoring and law enforcement activities with the determination to eliminate illegal, unreported, and unregulated (IUU) fishing practices.
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