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) By the end of 2025, Vietnam’s seafood industry had left a strong mark with export turnover reaching nearly $11.3 billion, up 12.4% year-on-year. This robust performance reflects not only a rebound in global consumption demand but also the agile adaptation of domestic firms in navigating increasingly stringent trade barriers.
(seafood.vasep.com.vn) According to the 2025 review and 2026 outlook conference held by the Directorate of Fisheries and Fisheries Surveillance on the afternoon of January 7, Vietnam’s seafood sector has set a total production target of over 10 million tons in 2026, representing a 0.6% increase year-on-year. Of this total, capture fisheries are projected at around 3.75 million tons (down 2.1%), while aquaculture output is expected to reach 6.25 million tonnes (up 2.2%) compared with 2025.
(seafood.vasep.com.vn) Sao Ta Food JSC (Fimex, Ticker: FMC) has announced its 2025 business results, reporting revenue of over $300 million (approximately 7.8 trillion VND), representing a 19.8% increase year-on-year; projected profit is expected to reach approximately 420 billion VND.
(seafood.vasep.com.vn) Vietnam’s fisheries sector concluded 2025 with landmark achievements: export turnover reached a record high, despite heightened volatility in global trade and increasingly stringent barriers from major markets, most notably the United States. Amid a mix of opportunities and challenges, the fisheries sector also witnessed important policy shifts. Together, these developments form a multifaceted picture of an industry proactively adapting and restructuring toward a trajectory of sustainable development.
(seafoos.vasep.com.vn) According to the Department of Agriculture and Environment of Vinh Long, the province’s shrimp farming area reached 69,800 hectares in 2025, including 7,500 hectares under high-tech farming models, 18,820 tons of black tiger shrimp and 293,000 tons of whiteleg shrimp.
(seafood.vasep.com.vn) Building on a robust growth momentum in 2025, Nghe An province has set a strategic goal to reach a total fisheries output of 270,000 tons by 2026, reinforcing its position as a key hub for aquaculture and exploitation.
(seafood.vasep.com.vn) Can Tho City statistics indicate that in 2025, following the merger of three former administrative entities - Can Tho, Hau Giang and Soc Trang - fisheries output in 2025 increased by 6.23% compared with 2024 with aquaculture production nearly 9.1 times higher than capture fisheries.
(seafood.vasep.com.vn) According to the Ca Mau Department of Agriculture and Rural Development, Ca Mau province has achieved significant, comprehensive and substantive progress in combating IUU fishing in 2025, successfully fulfilling all tasks directed by the central government and strengthening fisheries governance. These efforts have established a solid foundation for the nationwide effort to lift the EC’s "yellow card" warning.
(seafood.vasep.com.vn) Ca Mau has exceeded its 2025 production targets, reaching nearly 595,000 tons of shrimp. This milestone reinforces the province’s position as Vietnam’s leading shrimp producer and a bright spot in the country’s seafood sector.
(seafood.vasep.com.vn) According to Vietnam Customs data, cumulative shrimp exports from the beginning of the year through November reached $4.3 billion, up 21% year-on-year, continuing to serve as the primary growth driver of the entire seafood sector. In November alone, export turnover amounted to $393 million, up 14%.
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