Navico and FIMEX VN achieve outstanding business results in Q3/2024

Export potentials 08:45 04/11/2024
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.

Explaining the business results, Sao Ta Foods’ management stated that while revenue growth was robust, the limited profit increase was largely due to a sharp rise in raw material costs, leading to less-than-expected performance in order fulfillment.

In the first nine months of 2024, Sao Ta Foods achieved a total revenue of VND 5,548 billion, marking a 44.7% increase compared to the same period last year. Net profit reached VND 235 billion, up 10.3% compared to the first nine months of 2023.

This year, Sao Ta Food set a target revenue of VND 5,187 billion and pre-tax profit of VND 320 billion. With the current performance, Sao Ta Food has surpassed its revenue target by 7% and completed 72.4% of its profit plan.

Meanwhile, Nam Viet Corporation (Navico - HoSE: ANV) reported a net revenue of VND 1,341 billion, up by more than 32% year-on-year. After deducting expenses, net profit reached VND 27.8 billion, 28 times higher than the same period last year.

For the cumulative nine months of 2024, Navico’s net revenue reached VND 3,550 billion, an increase of over 6% year-on-year. Net profit totaled nearly VND 42.5 billion, a slight increase compared to the first nine months of 2023. Navico has set an annual target of VND 5,000 billion in total revenue and VND 306 billion in net profit.

nam viet corporation sao ta foods jsc

TIN MỚI CẬP NHẬT

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 |  14:41 16/06/2026

(seafood.vasep.com.vn) With continued policy support, technological innovation and close coordination among authorities, businesses and farmers, Vietnam’s pangasius industry is expected to make a strong and sustainable breakthrough during the 2026–2030 period, reinforcing its position as the world’s leading exporter of the fish.

Tilapia exports to Asia: Significant room remains for value-added products

 |  09:10 15/06/2026

(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s tilapia exports to Asian markets showed varying trends across regions and countries. The Middle East recorded strong growth, with Saudi Arabia emerging as the largest Asian market for Vietnamese tilapia. ASEAN markets also expanded significantly, driven primarily by Malaysia. Meanwhile, Japan maintained solid growth, while exports to South Korea declined compared to the same period in 2025.

Shrimp and pangasius continue to lead seafood exports.

 |  15:59 12/06/2026

(seafood.vasep.com.vn) Shrimp and pangasius continued to lead growth, helping seafood exports reach $4.67 billion in the first five months of the year; however, differentiation among product groups and increasingly stringent requirements from importing markets are posing many challenges for the industry.

Vietnam Food develops a green value chain from shrimp by-products

 |  10:40 11/06/2026

(seafood.vasep.com.vn) Every day, the seafood processing industry in Ca Mau generates large quantities of shrimp heads and shells during processing operations. In the past, these by-products were largely treated as waste, increasing production costs and posing potential environmental risks. However, thanks to advanced processing technologies, materials once considered waste are now being transformed into high-value products, creating a circular economy model within the seafood industry.

Vietnam Clean Seafood Corporation invests in a super-intensive shrimp farming zone in Can Tho

 |  10:24 10/06/2026

(seafood.vasep.com.vn) Vietnam Clean Seafood Corporation has invested in a 280-hectare super-intensive shrimp farming zone in Tran De Commune, Can Tho City, generating export value of approximately VND 3 billion per hectare per year—around 50 times higher than traditional agricultural production.

Vietnam’s seafood exports in the first five months of 2026 show positive growth, but second-half orders face uncertainties

 |  09:50 08/06/2026

(vasep.com.vn) Vietnam’s seafood exports reached USD 1.02 billion in May 2026, up 0.6% year-on-year. Cumulative exports in the first five months of 2026 totaled USD 4.67 billion, an increase of 11% compared to the same period in 2025.

VASEP published Report on Vietnam seafood exports in Q1/2026

 |  09:44 08/06/2026

(seafood.vasep.com.vn) In a rapidly changing global seafood market, timely insights and reliable data are more critical than ever. The Report on Vietnam Seafood Exports in Q1/2026 provides a comprehensive overview of the latest developments in Vietnam’s seafood production, trade performance, and export trends, helping businesses navigate uncertainty and identify new growth opportunities.

Russia emerges as a new growth driver for Vietnamese tuna exports

 |  09:36 06/06/2026

(seafood.vasep.com.vn) While many major markets continue to experience slow growth, Russia has emerged as a brighter destination for Vietnamese tuna exports in early 2026. Export turnover to this market increased by nearly 55% in the first four months of the year, indicating a clear improvement in demand. Nevertheless, Russia remains a market that should be viewed with both optimism and caution.

Vietnamese pangasius: from export recovery to the need for upgrading the value chain

 |  09:24 04/06/2026

(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.

Vietnamese tilapia accelerates growth, creating opportunities to upgrade product structure

 |  09:20 02/06/2026

(seafood.vasep.com.vn) In the first four months of 2026, Vietnam’s tilapia exports reached USD 49 million, up 151% compared to the same period in 2025. This impressive growth reflects positive momentum in the tilapia sector, with Brazil emerging as a key driver of growth, while frozen tilapia fillets continued to be the industry's leading export product.

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