Recently, Minh Phu Seafood Corporation (UPCoM: MPC) has announced the 2021 annual shareholder meeting document with some notable contents.
Accordingly, MPC's management has presented a fairly positive business plan to shareholders, with the target of revenue reaching VND 15,774 billion and profit after tax of VND 1,092 billion, up 10% and 62% respectively compared to that of 2020. If this profit target is achieved, MPC will record the highest business results in history.
Along with that, MPC expects this year's export volume to reach 61,500 tons, up 11.8%; export value reached 638 million USD, up 8.5% over the same period.
To realize this plan, MPC said it will continue to maintain its position as a leading seafood exporter. In addition to the strategy of sticking to main markets, the company plans to diversify shrimp consumption markets, increase export turnover of this product to the European market (EU) to take advantage of the EVFTA and UKVFTA agreements.
At the same time, the company will reduce exports to the US (main market), along with increasing sales in the markets of Australia and New Zealand, Japan and Canada. MPC will also research and expand more deeply processed products.
Currently, the company is continuing to accelerate the project of a sea water pipeline to regulate water for shrimp farming in Minh Phu Kien Giang farming area, which is expected to be put into operation in mid-2021. Besides, focusing on speeding up progress of the project of a high-tech industrial complex to develop a shrimp value chain with a scale of 10,000 ha in Kien Giang province.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.
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