In the third quarter of 2021, Minh Phu Corp (MPC)'s revenue decreased by 36.7% over the same period last year due to the impact of the Covid-19 pandemic, recording VND2,784 billion, but profit after tax increased by 18.6%, reaching more than 289 billions dong.
Le Van Diep, Deputy General Director of MPC, said that the fourth Covid-19 epidemic with the Delta mutation broke out throughout the southern provinces, causing disruptions in the supply chain of goods, including the shrimp industry.
Shrimp processing factories in the Mekong Delta all have to produce according to the "3 on-site" option combined with "1 route, 2 destinations", which has reduced shrimp processing capacity by 30-70%. , could not fulfill the orders for customers, leading to a decrease in revenue.
However, the demand of major shrimp export markets in the world increased, helping the Company to have better selling prices and higher profit margins, so profits still grew.
Accumulated for the first 9 months of 2021, MPC recorded net revenue of 8,887 billion dong, down 11% and profit after tax of 544 billion dong, up 14% compared to the first 9 months of last year.
Entering the fourth quarter, MPC is expected to continue to benefit from the increase in selling prices in the context that the demand for shrimp consumption at the end of the year continues to increase. MPC has received more than 3,200 employees inside and outside Hau Giang province back to work since mid-October. Returning to work will help MPC increase productivity, meet customer orders, and be the driving force for growth during this period. .
In 2021, MPC sets a revenue target of VND 15,775 billion, profit after tax of VND 1,092 billion.
By the end of October 2021, seafood export of Minh Phu Corp reached 323 million USD, accounting for 4.56% of the total seafood export turnover of the country. Minh Phu's shrimp products are exported to over 40 markets, including key markets such as the US, Japan, Canada, Australia, the Netherlands, Russia and many other markets.
(seafood.vasep.com.vn) On June 16, the Department of Agriculture and Environment of Ca Mau Province announced that the locality has established a farming area code for nearly 30,400 hectares of mud crab aquaculture and granted export facility codes to five enterprises eligible to export mud crab officially to markets such as China, Cambodia, Singapore, and the United Arab Emirates (UAE).
(seafood.vasep.com.vn) The United States remains one of the largest export markets for Vietnamese pangasius. In the first four months of 2026, pangasius exports to the US reached USD 106 million, up 4% compared to the same period in 2025. In April 2026 alone, export value totaled USD 38 million, marking a 20% year-on-year increase and the first positive growth recorded after an extended period of decline.
(seafood.vasep.com.vn) While Vietnam’s shrimp exports to many major markets continued to post positive growth in the first months of 2026, exports to the United States declined, highlighting growing competitive pressures and trade barriers facing the Vietnamese shrimp industry.
(seafood.vasep.com.vn) Egypt is emerging as one of the most promising destinations for Vietnamese tuna exports in 2026. During the first four months of the year, export turnover to this market exceeded USD 7.3 million, marking a sharp increase compared to the same period over the previous two years. As Egypt’s tuna imports continue to recover and demand for canned tuna remains strong, the market is becoming increasingly attractive for Vietnamese tuna processors and exporters.
(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s pangasius exports to CPTPP member countries reached nearly USD 128 million, accounting for 18% of the country’s total pangasius export value and increasing by 21% compared to the same period in 2025. Demand patterns varied significantly across the bloc: Mexico primarily imported fresh and frozen pangasius products, while Japan and Canada recorded substantial shares of processed products. Australia remained focused on frozen fillets but continued to maintain a portion of processed imports.
(seafood.vasep.com.vn) Despite the slow recovery of the U.S. market and continued trade-related challenges facing Vietnam’s shrimp industry, Minh Phu Seafood Corporation (MPC) has set ambitious targets for 2026. The company aims to produce 68,800 metric tons of finished shrimp products, generate consolidated revenue of VND 19.9 trillion, and achieve VND 1.059 trillion in pre-tax profit. If achieved, these figures would represent the highest revenue and profit levels in the company’s history.
(seafood.vasep.com.vn) HungHau Foods Joint Stock Company (HungHau Foods) has been honored at the 33rd Asia-Pacific Economic Forum, receiving two prestigious awards: “Top 10 Outstanding Asia-Pacific Enterprises 2026” and “Top 10 Outstanding Entrepreneurs” awarded to HungHau Foods CEO, Ms. Nguyen Yen.
(seafood.vasep.com.vn) After a period of sluggish imports in 2025, the Chinese market has returned with strong shrimp purchasing momentum in the first months of 2026. However, alongside rising demand comes an increasingly stringent import control system, covering quarantine requirements, food safety standards, registration procedures, and traceability. This makes China a market that offers both significant opportunities and growing risks for Vietnamese shrimp exporters.
(seafood.vasep.com.vn) Recently, in Long Xuyen City, An Giang Province, the Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD) and the University of Economics Ho Chi Minh City (UEH) organized a workshop to announce the results of the project “Food Loss Assessment in the Pangasius Value Chain in the Mekong River Region.” The project aims to provide scientific evidence to support the sustainable development of Vietnam’s pangasius industry.
(seafood.vasep.com.vn) Shrimp prices in Vietnam’s Mekong Delta have recovered since early May, helping to improve farmers’ confidence and accelerate stocking activities for the 2026 farming season. However, farmers remain cautious due to rising input costs, unfavorable weather conditions, and disease risks.
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