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) After a fairly strong upward trend in 2025, Vietnam’s clam exports entered 2026 with a mixed picture: strong growth at the beginning of the year, followed by a slowdown from March onward. According to Vietnam Customs data, Vietnam’s clam export turnover in the first four months of 2026 reached more than USD 38 million, up 2% compared to the same period in 2025.
(seafood.vasep.com.vn) Vietnam’s pangasius industry is facing new opportunities to expand its development space as many localities and businesses begin promoting marine farming models aimed at diversifying farming areas and adapting to climate change. However, for pangasius to truly “go offshore” and develop into a large-scale industry segment, significant challenges related to technology, broodstock, and markets still need to be addressed.
(seafood.vasep.com.vn) Vietnam’s tilapia exports in April 2026 reached USD 11 million, up 92% compared to the same period in 2025. This strong growth indicates that Vietnamese tilapia products are continuing to penetrate and expand rapidly in international markets. Cumulative export turnover in the first four months of 2026 reached USD 49 million, up 151% year-on-year.
(seafood.vasep.com) At VietShrimp Asia 2026, disease management trends in shrimp farming are shifting strongly from treatment-based approaches toward proactive prevention through environmental and pond ecosystem control.
(vasep.com.vn) After a period of strong growth, with export turnover reaching USD 38 million in Q1/2026 — up 174% year-on-year — the sector’s rapid expansion clearly reflects growing market opportunities.
(vasep.com.vn) In the first quarter of 2026, Vietnam’s pangasius exports to the ASEAN bloc reached USD 44 million, up 7% compared to the same period in 2025. After falling to the lowest level of the quarter at USD 9 million in February — reflecting the seasonal slowdown in orders after the festive period — exports recovered strongly to USD 18 million in March, the highest monthly value of the quarter. This development shows that import demand for pangasius in ASEAN remains relatively stable despite short-term fluctuations.
(seafood.vasep.com.vn) On May 11, 2026, the US National Oceanic and Atmospheric Administration (NOAA) announced a positive comparability finding for Vietnam’s swimming crab fisheries, along with those of Indonesia and Sri Lanka, under the Marine Mammal Protection Act (MMPA). With this decision, seafood and seafood products harvested from Vietnam’s swimming crab fisheries will continue to be eligible for import into the US market.
(seafood.vasep.com.vn) After a slowdown in 2025, Vietnam’s tuna exports to Germany showed more positive signs in the first quarter of 2026. However, the recovery remains uncertain as consumer demand in Germany is still cautious, while market competition is increasingly driven by pricing and supply stability.
(seafood.vasep.com.vn) After a sharp decline in 2025, Vietnam’s tuna exports to Israel are showing positive signs of recovery in the early months of 2026. According to Vietnam Customs data, export turnover to this market grew steadily month by month in Q1/2026, reaching nearly USD 10 million, up 33% compared to the same period in 2025. However, compared to Q1/2024, this level remains significantly lower, indicating that the recovery is still in its early stage following last year’s strong adjustment.
(seafood.vasep.com.vn) Entering 2026, the U.S. whitefish market has shown complex developments as global cod supply continues to tighten, while the U.S. trade environment becomes less stable. In this context, the U.S. market has had to become more flexible in sourcing alternative whitefish. However, relying heavily on Alaska pollock is not a long-term solution, as it is a strictly managed fishery with quotas and sustainability regulations, limiting any rapid increase in output to offset cod shortages.
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