The Board of Directors of Sao Ta Food (Fimex, HOSE: FMC) has just announced the business plan for 2022.
Accordingly, Fimex's target is to reach about 5,290 billion VND in revenue, up 11.3%; and at least 320 billion VND in profit before tax, up 10.7% as compared to 2021.
Sao Ta also plans to pay dividend of 20% in 2022 (VND2,000/share), equal to the dividend expected to be paid in 2021.
As the Covid-19 outbreak is under control in import markets, the company's Executive Board predicts the demand for seafood, particularly shrimp, to grow considerably.
Due to their excellent nutritional content and simplicity of preparation, shrimp products are quite popular. Consumer preferences have shifted as a result of the Covid-19 pandemic, with a preference for ready-made convenient products (instant goods) in small packages. This trend is consistent with Sao Ta's orientation, processing capability, and strength.
The solution, as determined by Sao Ta, is to support the development of agricultural regions in order to have clean raw materials and to prove with the customers that Sao Ta shrimp are monitored directly from the pond. In June, the company will begin operations on a 52-hectare shrimp aquaculture facility in Khang An. By 2025, the unit aims to expand the cultivation area to a maximum of 500 hectares.
However, regional military conflicts can lead to many threats, first of which is the constantly rising oil prices that will make logistics costs impossible to cool down.
Recently, Sao Ta Food has announced its export revenue in February 2022 with a gain of 11.3 million USD, up 19% on the corresponding period last year.
In February, shrimp production of Sao Ta Foods (FMC) reached 1,276 tons, up 41% and finished agricultural products reached 148 tons, 2.8 times higher.
Additionally, according to FMC, the shrimp farm finished stocking the main crop on schedule on February 22, 2022.
Due to the Tet vacation, February is the month with the lowest activity days of the year, according to Sao Ta Foods. Besides, on February 22, 2022, the shrimp farms finished stocking the primary harvest on time.
Sao Ta Foods' finished shrimp output in January increased by 40% to 1,820 tons compared to the same month in 2021, while agricultural production increased by 15% to 164 tons.
Sales in the first month of the year was 28.9 million USD, up 90% over the same period last year.
Sales climbed dramatically in January since there were shipments at the end of 2021 that would be reported in 2022. Furthermore, because January 2021 is the first month of operation, Khang An (member unit) has substantially larger sales, which is seen as a new sales milestone in Sao Ta's development.
Notably, on the market, FMC's stock price hit its ceiling at 67,800 dong/share (end of session 28/03), an increase of nearly 7% with average trading volume of more than 780,000 shares.
Compiled by Khanh Linh
(seafood.vasep.com.vn) By the end of 2025, Vietnam’s seafood industry had left a strong mark with export turnover reaching nearly $11.3 billion, up 12.4% year-on-year. This robust performance reflects not only a rebound in global consumption demand but also the agile adaptation of domestic firms in navigating increasingly stringent trade barriers.
(seafood.vasep.com.vn) According to the 2025 review and 2026 outlook conference held by the Directorate of Fisheries and Fisheries Surveillance on the afternoon of January 7, Vietnam’s seafood sector has set a total production target of over 10 million tons in 2026, representing a 0.6% increase year-on-year. Of this total, capture fisheries are projected at around 3.75 million tons (down 2.1%), while aquaculture output is expected to reach 6.25 million tonnes (up 2.2%) compared with 2025.
(seafood.vasep.com.vn) Sao Ta Food JSC (Fimex, Ticker: FMC) has announced its 2025 business results, reporting revenue of over $300 million (approximately 7.8 trillion VND), representing a 19.8% increase year-on-year; projected profit is expected to reach approximately 420 billion VND.
(seafood.vasep.com.vn) Vietnam’s fisheries sector concluded 2025 with landmark achievements: export turnover reached a record high, despite heightened volatility in global trade and increasingly stringent barriers from major markets, most notably the United States. Amid a mix of opportunities and challenges, the fisheries sector also witnessed important policy shifts. Together, these developments form a multifaceted picture of an industry proactively adapting and restructuring toward a trajectory of sustainable development.
(seafoos.vasep.com.vn) According to the Department of Agriculture and Environment of Vinh Long, the province’s shrimp farming area reached 69,800 hectares in 2025, including 7,500 hectares under high-tech farming models, 18,820 tons of black tiger shrimp and 293,000 tons of whiteleg shrimp.
(seafood.vasep.com.vn) Building on a robust growth momentum in 2025, Nghe An province has set a strategic goal to reach a total fisheries output of 270,000 tons by 2026, reinforcing its position as a key hub for aquaculture and exploitation.
(seafood.vasep.com.vn) Can Tho City statistics indicate that in 2025, following the merger of three former administrative entities - Can Tho, Hau Giang and Soc Trang - fisheries output in 2025 increased by 6.23% compared with 2024 with aquaculture production nearly 9.1 times higher than capture fisheries.
(seafood.vasep.com.vn) According to the Ca Mau Department of Agriculture and Rural Development, Ca Mau province has achieved significant, comprehensive and substantive progress in combating IUU fishing in 2025, successfully fulfilling all tasks directed by the central government and strengthening fisheries governance. These efforts have established a solid foundation for the nationwide effort to lift the EC’s "yellow card" warning.
(seafood.vasep.com.vn) Ca Mau has exceeded its 2025 production targets, reaching nearly 595,000 tons of shrimp. This milestone reinforces the province’s position as Vietnam’s leading shrimp producer and a bright spot in the country’s seafood sector.
(seafood.vasep.com.vn) According to Vietnam Customs data, cumulative shrimp exports from the beginning of the year through November reached $4.3 billion, up 21% year-on-year, continuing to serve as the primary growth driver of the entire seafood sector. In November alone, export turnover amounted to $393 million, up 14%.
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