In its 2025 business plan, MPC sets an ambitious target of producing 60,000 metric tons of shrimp, generating VND 15,667.2 billion in revenue, and achieving VND 997 billion in after-tax profit. This comes after two consecutive years of net losses—VND 105 billion in 2023 and VND 190 billion in 2024.
The key question for investors is what drives such optimism amid current uncertainties, especially shifting global tariff policies.
MPC’s consolidated financial results for Q1/2025 show signs of recovery. The company posted a net profit of VND 17.6 billion, up 144% year-on-year. Revenue for the quarter reached VND 2,856 billion, a 2.4% increase from the same period in 2024.
The company attributes this improvement to better performance across its commercial shrimp farming and breeding operations, which have helped reduce losses compared to previous periods.
Going forward, MPC plans to reinforce its vertically integrated value chain—ranging from broodstock development and farming to processing, exporting, and distribution. It will roll out centralized farming zones focused on organic shrimp, extensive farming, high-tech intensive farming, and rice–shrimp models, in partnership with local stakeholders. These zones will be equipped with full water supply and drainage infrastructure and technical services.
A key strategic focus will be developing high-quality shrimp broodstock, which MPC identifies as the determining factor in over 60% of farming success. The company plans to establish a production zone in Ninh Thuan province for parent black tiger and whiteleg shrimp lines with high disease resistance and rapid growth. This zone will also house hatchery production and live feed (rotifers and algae) facilities for shrimp larvae.
As part of its capital strategy, MPC also proposes an employee stock ownership plan (ESOP) involving 154,700 shares (equivalent to 0.04% of total outstanding shares) at an issue price of VND 10,000 per share. The total issuance value will be approximately VND 1.55 billion. These shares will be subject to a five-year lock-up period following issuance, which is expected to take place later in 2025 once the State Securities Commission confirms receipt of the full documentation.
(seafood.vasep.com.vn) In March 2026, Vietnam’s tilapia exports recorded strong growth, reaching USD 15 million, up 109% compared to the same period in 2025. Cumulatively, in the first three months of 2026, export value reached USD 38 million, an increase of 174% year-on-year. This result highlights the sector’s robust expansion and reflects rapid growth across multiple markets.
(seafood.vasep.com.vn) In March 2026, Vietnam’s pangasius export value reached USD 182 million, up 1% compared to the same period in 2025. Cumulatively, exports in the first three months of 2026 totaled USD 514 million, an increase of 17% year-on-year, indicating that the growth momentum is being maintained despite signs of slowdown in some markets during March.
(seafood.vasep.com.vn) During peak heat periods, farmers raising pangasius, tilapia, and other freshwater fish in Dong Thap are implementing various technical measures to reduce risks and maintain stable production.
(seafood.vasep.com.vn) Japan continues to be one of Vietnam’s most important and stable shrimp markets. In recent years, shrimp exports to this market have fluctuated in line with Japan’s broader economic and consumption cycles, yet Japan remains a major, high-value destination with stringent standards.
(seafood.vasep.com.vn) In 2025, Vietnam’s tuna exports to Spain increased by 13% compared to 2024. This growth trend has continued into the first two months of 2026. According to Vietnam Customs statistics, export turnover to this market reached nearly USD 3 million in January–February 2026, up 101% year-on-year and significantly higher than the same period in 2024. This development indicates that Spain is once again becoming a notable destination for Vietnamese tuna amid strong demand for tuna raw materials and products in Europe.
(seafood.vasep.com.vn) The 2026 brackish water shrimp farming season in the Mekong Delta has started earlier than usual, mainly driven by positive market signals, as shrimp prices in 2025 remained high and supply was limited. Many enterprises and farms in Cần Thơ, Cà Mau, and Vĩnh Long have proactively stocked early to seize opportunities. By early 2026, stocking areas in many localities had reached a high proportion of planned targets, with intensive and high-tech farming models expanding rapidly.
(vasep.com.vn) Vietnam’s tilapia exports to the United States recorded remarkable growth in 2025, opening up major opportunities while also presenting considerable challenges. The U.S. remains the largest importer of Vietnamese tilapia fillets, with export turnover reaching USD 40 million—an increase of up to 499% compared to 2024. This impressive growth reflects strong demand in the U.S. market, as supply from competing countries such as China has been constrained by tariffs and rising production costs.
(seafood.vasep.com.vn) Pangasius remains a strategic export commodity in Vietnam’s seafood sector. Entering 2026, the industry faces a strong need to transition from volume-based growth to a value-driven development model, with a focus on quality, food safety, and sustainability.
(seafood.vasep.com.vn) Following damage caused by Storm No. 13 in late 2025, brackish water shrimp farming in Gia Lai is being rapidly restored. In key farming areas such as Tuy Phước and Tuy Phước Đông, farmers are focusing on rehabilitating ponds, repairing infrastructure, and treating the environment in preparation for the 2026 crop.
(seafood.vasep.com) Facing the decline in fishery resources, Vietnam is accelerating livelihood transitions for fishermen to reduce fishing pressure and move toward sustainable development. Marine fish stocks have dropped significantly from 4.82 million tons in 2000–2005 to 3.95 million tons in 2016–2020.
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