The subsidiary will be located at Unit 606, 11 Fishburn Crescent, Castle Hill, NSW 2154, Australia, with charter capital of USD 100,000 (equivalent to AUD 150,000), fully owned by Minh Phu. Mr. Phan Vinh Hien, former Investment Director of Minh Phu, has been appointed as the company’s Director.
Australia is one of Minh Phu’s key export markets. In the first half of 2025, revenue from this market reached nearly VND 858.8 billion, accounting for 13.2% of the company’s total revenue, though down nearly 21% from the same period last year.
As of June 30, 2025, MPC operated 16 subsidiaries in farming, ports, supply chain, broodstock, biotechnology, and seafood. Some overseas subsidiaries include Mseafood Corporation (US) and Ebisumo Logistic (Japan).
According to the consolidated financial report for the first half of 2025, Minh Phu posted net revenue of VND 6,468 billion, nearly unchanged year-on-year. Thanks to significant cuts in selling and administrative expenses, along with higher production and sales of value-added products, net profit surged fourfold to VND 177 billion.
For 2025, MPC targets a production volume of 60,000 tons, with projected revenue of over VND 15,667 billion, profit before tax of VND 1,091 billion, and net profit of around VND 997 billion. By mid-year, the company had completed 41% of its revenue target and nearly 18% of its net profit target.
At its annual general meeting in late June, MPC’s management stated that after resolving inventory issues, the company would focus on developing value-added products—its competitive advantage—rather than competing on raw material prices with Ecuador and India, the two largest shrimp exporters worldwide. MPC also plans to automate and upgrade production lines at its plants.
At the close of the morning session on September 24, MPC shares stood unchanged at VND 16,800 per share.
(seafood.vasep.com.vn) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.
(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.
(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.
(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
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