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.
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(seafood.vasep.com.vn) According to the 2026 brackish-water shrimp farming calendar issued by the Da Nang Department of Agriculture and Environment, the 2026 crop started in early January and is expected to harvest in late June. However, stocking progress has been slower than planned as farmers remain cautious, focusing on pond renovation and production preparations.
(seafood.vasep.com.vn) After the Lunar New Year of Binh Ngo 2026, commercial clam prices in Ha Tinh province surged sharply, nearly doubling compared to normal levels and standing about 20–30% higher than the same period last year. The spike has encouraged many aquaculture households to accelerate harvesting and sell large volumes to the market.
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(seafood.vasep.com.vn) From the very beginning of 2026, India’s shrimp industry has received a series of favorable trade signals: U.S. reciprocal tariffs have been reduced, while the successful conclusion of a Free Trade Agreement (FTA) with the EU has opened prospects for eliminating nearly all seafood tariffs in the coming years. This shift not only enables Indian shrimp to quickly offset declines in the U.S. market, but also reshapes the global competitive landscape, placing greater pressure on Vietnamese shrimp exporters in terms of price, market share, and strategic positioning.
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(seafood.vasep.com.vn) With forecasts indicating that weather conditions in 2026 may become more complex—featuring prolonged heatwaves, unseasonal rains, and increased salinity intrusion—the agricultural sector of Can Tho City advises brackish water shrimp farmers to strictly follow the seasonal farming calendar and strengthen pond environmental management to minimize risks and improve production efficiency.
(seafood.vasep.com.vn) On February 4, a working delegation led by the Authority of Telecommunications (Ministry of Science and Technology) met with the Management Board of Cat Lo Fishing Port (Phuoc Thang Ward, Ho Chi Minh City) to comprehensively review the installation of Vessel Monitoring Systems (VMS), assess signal connectivity, and evaluate the effectiveness of information technology applications in fisheries management across the city.
(seafood.vasep.com.vn) The year 2025 marked a significant milestone for China’s lobster market, with total imports reaching a record high and the supply structure undergoing major changes. Amid this surge, Vietnam’s lobster exports—especially green lobster—accelerated dramatically, reaching new highs and contributing substantially to Vietnam’s overall record shrimp export value.
(seafood.vasep.com.vn) With a range of synchronized solutions, from institutional improvements and strengthened communication to strict fleet control, Quang Ninh is stepping up efforts to combat illegal, unreported and unregulated (IUU) fishing, determined to join the country in soon having the European Commission’s (EC) “yellow card” lifted.
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