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) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
By the end of Q3/2025, Vietnam’s seafood industry recorded a clear recovery as a series of leading companies reported strong profits — some even achieving the highest results in their history. After several quarters struggling with high costs and weakened demand, the latest business results indicate a robust comeback across the industry.
(seafood.vasep.com.vn) On November 12 in Ho Chi Minh City, the Embassy of the Netherlands, in coordination with the Ministry of Agriculture and Environment, organized the Vietnam–Netherlands Business Forum under the theme “Shaping the future of sustainable aquaculture in the Mekong Delta.”
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn