With US$8 million of export value in the first year, Hung Vuong Corp made considerable progress to become one of the leading seafood companies in Vietnam. In 2011, it exported 82.6 thousand MT of products for US$231 million. Currently, Tien Giang-based firm’s seafood products are presented in 60 global markets. In which, Russia and the EU account for 42.5 percent; the U.S. and other American markets represent 29.8 percent; the rest 27.7 percent was occupied by Australia and other markets.
In April 2012, Hung Vuong Corp has bought shares of Bentre Forestry and Aquaproducts Im-Ex Joint Stock Company (Faquimex – HOSE-code: FBT) owned by State Capital Investment Corporation (SCIC). In late 2011, the company held 2.7 million of FBT shares, equal to 18 percent of capital.
In 2012, Hung Vuong Corp plans to buy more FBT shares to increase its shares from 18 percent to 50 percent and make Faquimex one of its affiliates.
The firm will raise shrimp in Faquimex’s 600-hectare farming area in Ben Tre province. In addition, it also has plan to build a new shrimp hatchery in Ninh Thuan province. Hung Vuong Corp targets to produce 2 billion of shrimp seeds from its old hatchery in 2012. The firm will develop a hatchery of 17 hectares to provide 10 billion of shrimp seeds in 2013.
According to Mr. Minh, Hung Vuong Corp now owns a large-scale shrimp farming area. Currently, the company has completed procedures to receive land for building the new hatchery. Profit from shrimp farming is about 30 – 60 percent, higher than 10 percent in fish rearing, Mr Minh said.
In 2012, Hung Vuong Corp expects to gain VND7,500 billion from sales and services of which revenue from export is set at US$250 million, profit before tax VND550 billion. Shareholders will receive 30 percent of dividend yield.
Website: www.hungvuongpanga.com
(seafood.vasep.com.vn) With a focus on sustainable development, high-tech application, and climate change adaptation, An Giang Province aims to maintain its brackish water shrimp production in 2026 at a level equivalent to the previous year. Specifically, output is projected to reach over 155,510 tons, serving both domestic consumption and export processing, thereby sustaining the fisheries sector’s key role in the local economic structure.
(seafood.vasep.com.vn) In the Mekong Delta, key pangasius farming provinces such as An Giang, Dong Thap, and Can Tho are accelerating the transition toward a circular economy model, contributing to higher product value and reduced environmental impact. Instead of focusing solely on farming and processing, the pangasius value chain is increasingly utilizing by-products and waste streams to generate added value.
(vasep.com.vn) Vietnam’s scallop exports are entering a phase of impressive growth, as the global market undergoes significant restructuring. In 2025, scallop export value reached nearly USD 66 million, up 49% from USD 44 million in 2024. This upward momentum has continued and accelerated into early 2026, with exports totaling USD 18.1 million in the first two months alone—an increase of 166% year-on-year. This represents an exceptionally high growth rate, reflecting the rapid expansion of a relatively new product segment within Vietnam’s mollusk export portfolio.
(seafood.vasep.com.vn) – On March 19, at the Government Headquarters, Prime Minister Pham Minh Chinh held a meeting with the European Commission (EC) inspection delegation on combating illegal, unreported and unregulated (IUU) fishing, led by Mr. Fernando Andresen Guimaraes, Head of Unit at the Directorate-General for Maritime Affairs and Fisheries (DG MARE).
(vasep.com.vn) Australia is emerging as one of the most stable and promising growth markets for Vietnamese shrimp. Amid global trade disruptions driven by geopolitical tensions—particularly conflicts in the Middle East—strengthening and expanding into stable markets like Australia has become increasingly important for Vietnam’s shrimp industry.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s squid and octopus exports reached over USD 111 million, up 23% compared to the same period in 2025. This result indicates a positive start for the sector, reflecting early signs of demand recovery in multiple markets from the beginning of the year.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s fisheries sector maintained positive growth momentum, with shrimp output exceeding 132 thousand tons. This result contributed to a strong increase in seafood export turnover, despite ongoing volatility in the global economy.
(seafood.vasep.com.vn) Vietnam’s tilapia exports maintained strong growth momentum in February 2026, with many markets recording sharp increases compared to the same period last year. In February alone, export value reached USD 8.4 million, up 148% year-on-year. Cumulatively, in the first two months of 2026, total tilapia export turnover hit USD 23 million, soaring 242% compared to the same period in 2025.
(seafood.vasep.com.vn) In global seafood trade, sensory evaluation is increasingly becoming one of the key “technical barriers” in many importing markets-especially the United States. Issues such as filth, and signs of decomposition/spoilage are often detected through sensory evaluation methods and remain common reasons for seafood import alerts, detentions, or shipment rejections.
Shrimp has been the most important export product of Vietnam’s seafood industry for many years, typically accounting for 35–45% of the country’s total seafood export value. With a well-developed farming, processing, and export system, Vietnam has become one of the world’s leading shrimp exporters.
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