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.
(seafood.vasep.com.vn) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.
(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.
(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.
(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
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