In the second quarter, Sao Ta Food Joint Stock Company (stock code FMC-HoSE) recorded revenue of 1,243 billion VND, up 20% over the same period in 2023. The above results came from shrimp revenue in the period increasing by 21% and consumption output increasing by 22% compared to the second quarter of 2023, mainly from the Japanese market.
Sao Ta Food is currently the largest Vietnamese shrimp exporter to the Japanese market. Although Sao Ta Food's shrimp selling price to the Japanese market is still 1% lower than the same period last year, the company's gross profit margin in the second quarter of 2024 still improved strongly, increasing by 4.7 percentage points.
This comes from Sao Ta Food's self-sufficiency rate of raw shrimp, which has increased sharply as the production of self-farmed raw shrimp has increased. In the first quarter of 2024, 200 hectares of new farming areas out of the company's current 525 hectares of farming areas were harvested, and these shrimps were sold in the second quarter of 2024.
However, Sao Ta Food's business results in the second quarter of 2024 were somewhat restrained when the anti-dumping duties refund did not take place due to the lack of final results from the investigation. The company also recorded anti-subsidy duties provisions, causing a significant increase in selling expenses.
Therefore, Sao Ta Food recorded 72.4 billion VND in after-tax profit in the second quarter of 2024, down 5% compared to the same period in 2023.
Regarding the business outlook for the second half of this year, Sao Ta Food's shrimp consumption output is expected to increase as key markets enter the year-end holiday season and the economies of countries accelerate recovery as the US Federal Reserve (Fed) cuts interest rates.
The latest data shows that Sao Ta Food's export output in July 2024 maintained a growth rate of 7% over the same period last year, signalling that the growth momentum is gradually being consolidated.
Mr. Ho Quoc Luc, Chairman of the Board of Directors of Sao Ta Food, also said that although there are still some difficulties, in general, the second half of 2024 is a "more breathable period.".
According to a recent assessment by Rong Viet Securities, Sao Ta Food's shrimp selling price in the second half of this year is expected to increase by 9% compared to the same period last year. Notably, Sao Ta Food also benefits from the re-appreciation of the Japanese yen.
Specifically, although Sao Ta Food records revenue in USD in the Japanese market, the increase in the yen/USD exchange rate will help the company convert more USD and earn more VND. Therefore, the company still benefits in the context of the increase in the Yen/VND exchange rate, according to Rong Viet Securities. Currently, the Yen/VND exchange rate is 5% higher than the previous quarter.
Based on current market conditions, Sao Ta Food's revenue this year is forecasted to reach 6,435 billion VND and the parent company's after-tax profit will be 342 billion VND, up 26% and 24%, respectively, compared to 2023.
(seafood.vasep.com.vn) In the first months of 2026, fishing activities in Quang Tri province recorded many positive signals, with output reaching over 15,941 tons. This result not only demonstrates fishermen’s efforts to stay offshore but also reflects the effectiveness of management and support measures implemented by local authorities.
(seafood.vasep.com.vn) In the first months of 2026, IUU prevention models focused on communication and mobilizing fishermen to comply with fisheries laws and avoid encroaching on foreign waters—related to combating illegal, unreported, and unregulated (IUU) fishing—have been implemented in coastal localities of Lam Dong province and have delivered initial positive results.
(seafood.vasep.com.vn) The sharp rise in raw pangasius prices to record levels is sending positive signals for the industry, but experts warn of potential supply–demand imbalances if production is not tightly controlled.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, the country’s total canned tuna export value in 2025 reached over USD 275 million, down 8% compared to 2024. Vietnamese canned tuna products were present in approximately 80 markets worldwide. However, the 2025 picture shows clear divergence: the U.S. maintained stability, the EU declined sharply, while several Middle East–North Africa (MENA) markets accelerated.
(seafood.vasep.com.vn) In 2025, Vietnam’s crab exports reached nearly USD 86 million, up almost 6% compared to 2024. A notable feature of 2025 was the strong market concentration in the United States, which accounted for more than 81% of Vietnam’s total crab export value, up 10% from the previous year. In contrast, exports to several Asian markets declined significantly, resulting in only modest overall growth for the year.
(seafood.vasep.com.vn) In 2025, Vietnam’s tilapia exports recorded impressive growth, with total export turnover reaching over USD 99 million, highlighting the increasingly important role of this product in the country’s seafood export structure. Of this total, tilapia fillets and other fish meat products accounted for USD 61 million, representing 61% of total export value and reaffirming their position as the key product category.
(seafood.vasep.com.vn) Shrimp seed quality is considered the “first link” and a decisive factor affecting the efficiency of the entire commercial shrimp production chain. High-quality seed directly influences survival rates, growth performance, and disease resistance, thereby determining production costs, productivity, and farmers’ profitability.
(seafood.vasep.com.vn) As part of its agricultural restructuring strategy toward sustainability, Quang Tri Province is gradually promoting environmentally friendly aquaculture models. Among these, organic-oriented golden pompano farming is considered a promising direction, aligned with the goals of enhancing production value and building sustainable rural areas.
(seafood.vasep.com.vn) The year 2025 marked a pivotal milestone for Vietnam’s seafood industry in its restructuring process toward sustainability, transparency, and higher value creation, amid continued uncertainties in the global economic and trade environment. Prolonged inflation in major economies, the rising trend of trade protectionism, and increasingly stringent requirements related to environmental standards, traceability, and social responsibility have posed significant challenges to seafood production and exports. Nevertheless, overcoming these pressures, Vietnam’s seafood sector has gradually demonstrated its adaptability, maintained growth momentum, and laid an important foundation for the next stage of development.
(seafood.vasep.com.vn) Amid the increasingly evident impacts of drought and saltwater intrusion, the shrimp-rice production model in Ca Mau province continues to prove itself as a viable direction, contributing to higher farmer incomes, improved soil conditions and the promotion of ecological and sustainable agricultural development.
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