Sao Ta Food Joint Stock Company (stock HS code FMC-HHoSE) has just announced that in February 2024, finished shrimp output reached 931 tons and finished shrimp sales reached 982 tons, respectively decreasing by 8% and 9% over the same period in 2023. Similarly, the company's consumption of finished agricultural products also decreased by 21%, reaching 87 tons.
Thereby, the total consolidated revenue in February 2024 of Sao Ta Foods reached 11.3 million USD (equivalent to 278.6 billion VND), down 16% compared to the same period in 2023. Sao Ta Foods Board of Directors said that the main reason is that this year's Lunar New Year holiday falls in February, so the company only operates for 21 days. Along with that, shrimp raw materials are low because it is late in the season and orders are few.
Thus, accumulated in the first 2 months of this year, Sao Ta Foods' revenue reached 30.5 million USD (equivalent to 752 billion VND), up 6% over the same period last year.
According to Rong Viet Securities (VDSC), Sao Ta Foods' average export shrimp price in the first quarter of 2024 may still be 10% lower than the same period in 2023 due to the recovery of selling prices across the market unclear. However, Sao Ta Foods' revenue in the first quarter of 2024 is expected to be equivalent to the same period in 2023, reaching VND 1,008 billion, thanks to a 10% increase in output compared to the same period in 2023.
VDSC currently forecasts that this year's revenue and profit of Sao Ta Foods will increase by 10% and 25.5%, respectively, compared to the performance level of 2023. This factor is supported by the estimated gross profit margin significantly improved to 11% when Sao Ta Foods' self-raised shrimp output this year is expected to increase by 29% compared to 2023.
Currently, Sao Ta Foods' raw shrimp autonomy has reached 40%. In July 2023, the company put into operation the Vinfarm farm in Vinh Thuan, helping to expand the farming area by 203 hectares, bringing the total farming area to 525 hectares with the ability to supply 16,000 tons of raw shrimp per month.
When this entire farming area goes into synchronous operation this year, Sao Ta Foods' raw material autonomy will be significantly enhanced. The company currently owns three factories with a processing capacity of 45,000 tons per year.
Notably, compared to other shrimp exporting enterprises, VDSC believes that Sao Ta Foods will not be much affected by the tense shipping situation in the Red Sea area because the company is mainly exporting to the Japanese market. For the EU market, the company is mainly exporting to the UK at FOB prices without having to pay shipping costs.
Currently, many financial institutions and industry experts believe that Vietnam's shrimp export activities this year will recover positively, creating favorable conditions for shrimp processors and exporters to grow. In particular, demand in Vietnam's key shrimp-consuming markets, such as the US, EU, and Japan, is expected to accelerate recovery in the second half of this year.
On the stock market, ending March 1, the market price of FMC shares reached 47,800 VND per share.
(vasep.com.vn) After three days at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City, the Vietnam International Fisheries Exhibition – VIETFISH 2026 – has successfully concluded, leaving a strong impression in terms of scale, visitor numbers, the quality of business connections, and innovative activities. With more than 14,000 m² of exhibition space, 335 companies, 568 booths, participation from representatives of 17 countries and territories, and nearly 15,000 visitors, VIETFISH 2026 has once again affirmed its role as an important meeting point for Vietnam’s and the global seafood industry.
(seafood.vasep.com.vn) Held as part of Vietfish 2026 from August 19–21 at SECC in Ho Chi Minh City, a series of five specialized seminars provided the seafood business community with updates on markets, technology, standards, human resources and cooperation opportunities. With the participation of experts, international organizations, government agencies and businesses from Vietnam and abroad, the seminars created an additional platform for professional exchange alongside the exhibition’s product showcases and business networking activities.
(seafood.vasep.com.vn) On the morning of August 19, 2026, the Vietnam International Seafood Exhibition – VIETFISH 2026 officially opened at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. With 568 booths representing 335 companies, alongside the presence of senior government officials, local authorities, diplomatic missions and international partners, VIETFISH 2026 kicks off three days of business networking, technology exchange and market engagement under the overarching theme “Innovation and Sustainability.”
The Vietnam Association of Seafood Exporters and Producers (VASEP) officially announces that the Vietnam International Seafood Exhibition (Vietfish 2026) will take place from August 19–21, 2026, at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City.
(seafood.vasep.com.vn) Vietnam’s seafood exports recorded strong growth in the first half of 2026, but the performance was increasingly uneven across products, markets and enterprises. VASEP’s newly released premium report provides the detailed data and analysis needed to understand what lies behind the headline figures and prepare for the more challenging months ahead.
(seafood.vasep.com.vn) Brazil remains one of the key markets for Vietnamese pangasius in South America. However, exports to the market showed signs of slowing in the first half of 2026, while frozen pangasius fillets continued to account for the overwhelming majority of exports.
(seafood.vasep.com.vn) Marking 27 years of supporting Vietnam’s seafood industry, the Vietnam International Seafood Exhibition (VIETFISH 2026) will officially return from August 19–21, 2026, at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City, on its largest scale ever. Under the core theme “Innovation – Sustainability,” the event promises to provide a comprehensive picture of the transformation of Vietnam’s seafood industry toward greater value addition and sustainable development.
(seafood.vasep.com.vn) With less than three weeks remaining, the Vietnam Fisheries International Exhibition – Vietfish 2026 will officially take place from August 19–21, 2026, at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. Under the theme "Innovation – Sustainability," Vietfish 2026 will provide a comprehensive networking platform for seafood businesses, buyers, distributors, industry experts, government agencies, and domestic and international visitors.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition – Vietfish 2026, the technical seminar “Green and Sustainable Technology Solutions for the Aquaculture and Seafood Processing Value Chain” will take place from 09:30 to 11:45 on August 20, 2026, at Convention Room B, Level 2, SECC, Ho Chi Minh City. The seminar is jointly organized by VASEP, the Department of Fisheries and Fisheries Surveillance, and the Royal Norwegian Embassy in Vietnam, focusing on technological innovation and sustainable transformation across Vietnam’s seafood value chain.
(seafood.vasep.com.vn) Market fluctuations, rising production costs, and increasingly stringent requirements from export markets are placing growing pressure on the shrimp industry. In response, Vinh Long Province is promoting high-tech shrimp farming integrated with production–consumption value chains to improve efficiency, reduce risks, and enhance the industry's value.
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