Minh Phu Seafood Corporation (MPC) recorded a post-tax profit of VNĐ101.4 billion (US$4.54 million) in the second quarter of this year, 34 times higher than the same period last year and the highest level in the last eight quarters, online newspaper Infonet.vn reported.
During the reviewed period, MPC’s net revenue reached VNĐ3.6 trillion, up 37.3 per cent year-on-year. The company’s cost of goods sold (COGS) on net revenue dropped sharply from nearly 93 per cent to 89 per cent, bringing gross profit to VNĐ398.2 billion, double the same period last year.
Thanks to a 26.4 per cent decrease in loan interest, financial expenses were lower than the same period last year. Corporate governance cost also declined sharply by 41 per cent to over VNĐ40 billion. Sales costs increased by 29 per cent to nearly VNĐ182 billion, resulting in a pre-tax profit of VNĐ134.4 billion.
Earning per share (EPS) reached VNĐ1,480, much higher than last year’s figure of VNĐ469.
In the first six months of 2017, MPC’s net revenue reached VNĐ6.34 billion, up 34.5 per cent year-on-year while its post-tax profit totalled VNĐ144 billion, seven times higher than the same period last year. EPS reached VNĐ2,104.
In 2017, MPC targets consolidated net profit of VNĐ841.28 billion. With the results achieved in the second quarter, the company has just completed about 17 per cent of the target.
At the end of Q2, MPC’s total assets reached VNĐ8.3 trillion, of which inventories accounted for nearly VNĐ4.4 trillion.
The company’s liabilities at the end of Q2 amounted to VNĐ5.9 trillion, accounting for 71 per cent of total capital. Of the estimated amount, short-term loans touched VNĐ3.3 trillion, up nearly two times compared to the beginning of this year, while long-term loans were over VNĐ2 trillion, down 41.3 per cent from the beginning of this year.
MPC recently approved the plan of its subsidiary Minh Phu Import and Export of Food Co Ltd to reduce its charter capital from a registered VNĐ40.8 billion down to the actual capital of VNĐ2 billion.
In addition, the Board of Directors approved additional investment into two shrimp farming areas for MPC’s shrimp farming development strategy.
Accordingly, it will add some VNĐ70 billion to increase charter capital of Minh Phu - KG Seafood Co Ltd to VNĐ220 billion, investing more VNĐ30 billion in Minh Phu–Lộc An Aquaculture Co to raise its chartered capital to VNĐ180 billion.
(seafood.vasep.com.vn) Nearly US$1.7 billion is the projected gap in 2029 between the baseline scenario and a scenario in which Vietnam’s seafood exports grow by 10% annually, according to calculations by VASEP to be presented at Vietnam Seafood Summit 2026. This gap raises a key question for the entire industry: Which markets, products and supply chain improvements will generate the additional growth?
(seafood.vasep.com.vn) Although Germany’s tuna imports have declined, Vietnam’s tuna exports to the market continue to show positive signs. Notably, export value recovered strongly in Q3/2026, and German import data also show Vietnamese products strengthening their position amid competition among suppliers.
(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
(seafood.vasep.com.vn) On October 28, 2026, the China Fisheries & Seafood Expo opened in Qingdao, China. The expo takes place over three days from October 28 to 30, 2026. This is a prestigious specialized seafood exhibition organized annually by Sea Fare Exposition Inc.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
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