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
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
(vasep.com.vn) China’s shrimp imports continued to grow strongly in 2026, while Vietnam’s shrimp exports to the market also recorded notable growth. However, behind these positive figures lie two distinct trends: Chinese consumption is growing more slowly than imports, and lobster accounts for a substantial share of Vietnam’s shrimp exports to China, making its product mix significantly different from those of Ecuador and India. Exporters therefore need to assess each segment carefully to understand the opportunities and risks.
(vasep.com.vn) Changing markets, shifting buyer demand, and increasingly complex trade barriers are raising a key question for Vietnam’s seafood industry: Where will the new growth opportunities lie in 2027–2029?
(seafood.vasep.com.vn) As of the end of August 2026, Vietnam’s tilapia exports to the United States reached $21 million, representing a steep 48% year-over-year decline and accounting for 23% of the country's total tilapia export turnover. Frozen fillets accounted for 78% with the remainder consisting of whole frozen tilapia and frozen cuts.
(seafood.vasep.com.vn) After a volatile first half of the year, Vietnam’s pangasius exports to Brazil registered robust growth in July and August 2026. In August alone, export turnover reached $19 million, surging 73% compared to the same period in 2025. Cumulatively for the first eight months, total export value reached $124 million, reflecting an 8% year-over-year increase.
(seafood.vasep.com.vn) Besides modifying their boats, many fishermen in Dak Lak province are making efforts to venture out to sea to harvest seafood during the rough sea season.
(seafood.vasep.com.vn) At the Responsible Seafood Summit and TCRS Shrimp Summit 2026, organized by the GSA (Global Seafood Alliance) in Bangkok, Thailand, the conversation about the future of the shrimp industry began with one of its most important foundations: seedstock quality.
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