The plan follows a strong recovery in 2025, when Minh Phu recorded VND 584 billion in pre-tax profit, marking a significant turnaround from previous difficult years. However, this is also the third consecutive year that the company has targeted pre-tax profit exceeding VND 1 trillion, after falling short in the previous two years due to the need to clear high-cost inventory accumulated during earlier periods.
Challenges remain substantial as key export markets, particularly the United States, have yet to recover strongly. At the same time, shrimp exporters continue to face pressure from anti-dumping duties. Nevertheless, Minh Phu enjoys a relative advantage as it is less affected by anti-dumping measures than some competitors. In 2025, the United States remained the company’s largest market, generating nearly USD 140 million in revenue, up 33% year-on-year and accounting for more than 25% of its total export turnover.
In addition, Minh Phu is expanding its value-added shrimp product portfolio within the U.S. restaurant and hotel sectors to reduce direct price competition. In the first quarter of 2026, the company reported VND 235 billion in pre-tax profit, nearly six times higher than the same period last year and equivalent to approximately 22% of its full-year target.
Beyond the U.S., Japan remained Minh Phu’s second-largest market in 2025, generating USD 124 million in revenue, up 12%. Exports to China increased by nearly 37%, while domestic sales rose by more than 19% thanks to the expansion of distribution networks. Meanwhile, revenue from Australia–New Zealand, the Russian Federation, and the European Union declined due to higher logistics costs, payment and transportation difficulties, and increasingly stringent technical requirements.
Alongside its business plan, Minh Phu intends to seek shareholder approval for a cash dividend of up to 7.5% for 2025, equivalent to VND 750 per share. For 2026, the company plans to distribute dividends ranging from 30% to 50% after making the required allocations to statutory funds.
(vasep.com.vn) At the international B2B seminar (Hosted Buyer Program) held as part of Vietfish 2026, Mr. Nguyen Hoang Pham, Sales Director of Tai Kim Anh Seafood Processing Joint Stock Company, delivered a presentation entitled “Vietnam’s Shrimp Industry: Changing for Sustainability.” From the perspective of a seafood processor, the presentation highlighted that Vietnam’s shrimp industry continues to play a leading role in seafood exports, but is entering a new phase of competition in which change is no longer an option, but a prerequisite for growth.
(seafood.vasep.com.vn) VIETFISH 2026 may have concluded after three dynamic days in Ho Chi Minh City, but conversations around the exhibition continue to resonate across international trade media, industry organizations, and the social media channels of participating companies.
(seafood.vasep.com.vn) Vietnam’s tilapia industry is maintaining strong growth momentum, with significant room for further expansion in the coming years. In 2025, total tilapia production reached approximately 420,000 tonnes, up 33% from 2024 and 2.2 times higher than in 2015. During 2015–2025, production grew at an average annual rate of around 8.4%. As production and exports continue to expand, food safety control is receiving increasing attention to ensure product quality, meet the increasingly stringent requirements of international markets, and provide a foundation for the sustainable development of Vietnam’s tilapia industry.
(seafood.vasep.com.vn) On the afternoon of August 19, 2026, as part of the Vietnam International Seafood Exhibition – Vietfish 2026, the Hosted Buyer Program continued with the seminar “Vietnam Seafood Outlook 2026–2027: A Strategic Sourcing Destination,” followed by 1-to-1 B2B meetings between international buyers and Vietnamese seafood businesses.
(seafood.vasep.com.vn) Speaking at the Opening Ceremony of VIETFISH 2026 on August 19 at the Saigon Exhibition and Convention Center (SECC), U.S. Consul General Melissa Brown highlighted the important role of the exhibition in connecting Vietnam’s growing seafood industry with buyers, suppliers, and partners from the United States and around the world.
(vasep.com.vn) Tomorrow, August 19, 2026, the Vietnam International Seafood Exhibition – Vietfish 2026 will officially open at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. Taking place over three days, from August 19–21, Vietfish 2026 promises to provide a dynamic platform for business networking, trend updates, product experiences and comprehensive cooperation across the domestic and international seafood community.
(vasep.com.vn) The global tilapia market continues to grow, creating significant opportunities for countries with strengths in aquaculture, processing, and exports. Against this backdrop, Vietnam’s tilapia industry is gradually developing toward higher quality, greater product diversification, and broader market reach. At Vietfish 2026, the Vietnam Association of Seafood Exporters and Producers (VASEP), together with the VASEP Tilapia Producers and Exporters Club, will host a joint booth to promote the image and potential of Vietnamese tilapia to domestic and international buyers.
(seafood.vasep.com.vn) Vietnam’s seafood exports are heading towards $12 billion this year, potentially the highest level on record. Yet one of the country’s export strengths is facing a growing list of challenges.
(seafood.vasep.com.vn) The first six months of 2026 indicate that Vietnam’s tilapia industry is entering a new phase of development, with strong export growth but also greater demands for production scale, quality and international competitiveness.
(seafood.vasep.com.vn) Vietfish 2026, the Vietnam International Seafood Exhibition, will officially take place from 19–21 August 2026 in Ho Chi Minh City. As Vietnam’s largest annual seafood trade event, organized by the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietfish 2026 will once again bring together leading seafood companies, industry experts, and international partners from across the global seafood value chain.
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