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.
(seafood.vasep.com.vn) Khanh Hoa Provincial Agricultural Extension Center, in collaboration with the Northern Center for Marine Aquaculture Research and the Van Hung Public Service Center, recently organized a training course on disease-free golden pompano seed production. The program is part of a National Agricultural Extension Project aimed at developing industrial-scale seed production models to support sustainable marine aquaculture.
(seafood.vasep.com.vn) Vietnam’s pangasius exports have shown encouraging signs of recovery in 2026. In the first four months of the year, total export turnover reached USD 720 million, up 17% compared to the same period last year. This result reflects improving demand across many markets, as well as the efforts of Vietnamese pangasius enterprises to maintain production, secure orders, and adapt to changing market conditions.
(seafood.vasep.com.vn) The application of high technology in shrimp farming is delivering positive results in the coastal areas of Vinh Long Province, contributing to improved production efficiency and creating significant potential for further industry expansion. However, to fully capitalize on this potential, the province is focusing on aquaculture zoning, infrastructure investment, and promoting modern, sustainable production.
(seafood.vasep.com.vn) Đồng Tháp Province has intensified efforts to curb illegal fishing by strengthening vessel monitoring, law enforcement and seafood traceability.
(seafood.vasep.com.vn) Seafood businesses need solutions to overcome bottlenecks such as labor shortages, difficulty accessing capital, high input costs, and administrative procedures in order to maintain production, adapt to market fluctuations, and effectively exploit export opportunities.
(seafood.vasep.com.vn) The FTA would widen access to markets with strong demand for premium food products in line with the country’s strategy of shifting exports towards increasing added value.
(seafood.vasep.com.vn) On the morning of July 13th, Mr. Ho Quoc Dung, Member of the Central Committee of the Communist Party of Vietnam and Deputy Prime Minister, along with his delegation, visited and worked with businesses in An Giang province to promptly resolve obstacles and promote production and business activities.
(seafood.vasep.com.vn) As importing markets increasingly focus on biosecurity and traceability, Vietnam has established a relatively comprehensive legal framework and disease management system for aquaculture, covering tilapia farming as well as other cultured species. This system is based on the Law on Animal Health, regulations on the prevention and control of aquatic animal diseases, the National Plan for the Prevention and Control of Major Diseases in Farmed Aquatic Species, and environmental monitoring and early warning programs for aquaculture areas.
(seafood.vasep.com.vn) On July 9, 2026, the Embassy of Vietnam in Brazil organized the seminar titled “Sharing Information on Vietnam-Brazil Economic, Trade and Investment Relations in the First Half of 2026” to provide updates on bilateral cooperation and strengthen connections among government agencies, industry associations, and business communities of the two countries.
(seafood.vasep.com.vn) Seafood exports in the first 6 months of the year continued to be a bright spot with a total turnover of 5.7 billion USD, an increase of 11.4% compared to the same period last year. By commodity group, seafood is one of the three groups with a trade balance in the first 6 months of 2026 in a surplus state with 4.13 billion USD, an increase of 17%.
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