Specifically, revenue in the quarter reached VND 1,064 billion, an increase of 22.6% compared to the second quarter in 2018, while the increase in COGS was much lower, only 12.1%, leading to gross profit from sales and service provision reached 224.5 billion, up to 81% over the same period in 2018. In the revenue structure of Nam Viet, export revenue was over VND 837 billion, accounting for 79% of total revenue and up by 23.9% over the same period last year.
Financial revenue in the whole quarter reached VND 18.5 billion, down VND 13.2 billion compared to the same period mainly due to reduced interest on deposits received, and especially did not record interest on liquidation of shorter-term investments with 6 billion as the second quarter in 2018. Financial expenses also decreased by VND 7.6 billion compared to the same period because it was not impacted by exchange rate difference as in the second quarter of last year (over VND7.5 billion).
Administrative expenses in the period recorded more than 7 billion VND, while the figures in the second quarter in 2018 was 39.5 billion VND.
As a result, Nam Viet reported after-tax profit of VND 152.7 billion, an increase of 30% compared to the same period in 2018.
In the first 6 months of 2019, Nam Viet revenue reached 1,975 billion VND, up 17.3% over the same period and achieved 39.5% of the year plan. Profit after tax reached VND 353 billion, surging 82.5% compared to the first half of last year and fulfilling more than 50% of the year profit target.
Closing stock increased more than 42% compared to the beginning of the year, to over 1,372 billion VND.
In January 2025, Vietnam's shrimp exports to the UK reached over 16 million USD, an 8% increase compared to the same period last year. The UK is the sixth-largest individual market for Vietnam’s shrimp imports, accounting for 5.5% of the total shrimp exports to various markets. Shrimp also holds the largest share (70%) in Vietnam’s total seafood exports to the UK.
Nguyễn Đức Bình, vice director of Quảng Ngãi Province's Department of Agriculture and Rural Development, said that 4,259 out of 5,194 fishing boats (82 per cent) had registered for operations at sea.
(seafood.vasep.com.vn) The first two months of 2025 recorded positive signals in Vietnam's seafood export activities, with total revenue reaching USD 1.423 billion, growing 18.2% compared to the same period in 2024. In February 2025, the export value hit USD 655.197 million, showing an impressive growth of 42.6%.
(seafood.vasep.com.vn) Kiên Giang Province, home to over 13,000 fishing vessels, is intensifying efforts to combat illegal, unreported, and unregulated (IUU) fishing. Faced with challenges from offshore fishing, many vessels have shifted to near-shore fishing using destructive methods, severely damaging marine ecosystems.
(seafood.vasep.com.vn) Vinh Hoan Corporation (HOSE: VHC) continues to solidify its position as the leader in Vietnam's pangasius export industry with impressive business results in 2024 and positive prospects for 2025. Factors supporting growth, such as recovering demand, improved selling prices, and favorable international trade policies, make Vinh Hoan one of the top stocks to watch in investment portfolios for 2025.
Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.
On February 26, 2025, VinFast and the Vietnam Association of Seafood Exporters and Producers (VASEP) signed a comprehensive cooperation agreement to strongly promote green transformation goals. The collaboration between the two parties will contribute to the realization of the country’s sustainable development goals and help elevate the Vietnamese brand on the international market.
(seafood.vasep.com.vn) In 2024, the total brackish water shrimp farming area in Ca Mau reached 278,600 hectares, with a shrimp output of 242,000 tons. This output achieved 99.59% of the set target and marked a 4.57% increase compared to the same period last year. The average shrimp yield attained 869 kilograms per hectare per year, representing a 38 kilograms per hectare per year increase compared to 2023. Shrimp export turnover reached USD 1.12 billion, positioning Ca Mau amongst the nation's leading localities in this sector.
(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
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