Meanwhile, finished agricultural product output reached 112 tons, and consumption reached 59 tons, down 53% and 57%, respectively, over the same period last year.
Accordingly, Sao Ta Foods recorded a total consolidated revenue of 19.17 million USD in March 2023, an increase of 32% over the same period in 2023. Thus, the total revenue of this enterprise in the first quarter of 2024 was estimated to reach 49.67 million USD (equivalent to 1,227 billion VND), an increase of 14% compared to the first quarter of 2023.
Notably, the company leadership said that they has harvested shrimp from shrimp farms stocked in the off-season since the end of November 2023, with quite positive farming results.
Since July 2023, Sao Ta Foods 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 year. When this farming area is fully operational, it will significantly improve the self-supply capacity of raw shrimp, leading to the expansion of Sao Ta Foods' gross profit margin.
It’s estimated that Sao Ta Foods' self-raised shrimp output this year will increase by 29% compared to 2022, helping the gross profit margin increase to 11%. Accordingly, 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.
Sao Ta Foods' Board of Directors is maintaining a cautious stance on this year's business prospects and expects that difficulties for the shrimp industry may last at least the first half of this year, amid risks from the shrimp crop, challenges of CVD case from the United States, as well as limitations in the domestic supply of shrimp materials due to farmers reducing stocking.
On March 25, the US Department of Commerce (DOC) issued a conclusion in the anti-subsidy investigation of frozen warm water shrimp (Warm Frozen Warmwater Shrimp under HS codes 0306.17, 1605.21, and 1605.29) that originates from Vietnam. DOC has set the preliminary anti-subsidy tax rate for Vietnamese enterprises as follows: 2.84% for a single mandatory defendant enterprise and all remaining enterprises; and 196.41% for a single defendant business that did not participate in the case.
This will cause more difficulties for Vietnamese shrimp products in the US market, which is facing fierce competition from cheaper shrimp products from Ecuador and India.
Sao Ta Foods is currently building a business plan for this year with the target of net revenue reaching 5,187 billion VND and consolidated profit before tax reaching 320 billion VND, an increase of 2% and 5%, respectively, compared to the year's performance in 2023. Thus, by the end of the first quarter of 2024, the company is estimated to have achieved 23.6% of the year's revenue target.
This year, Sao Ta Foods will continue to focus on deeply processed products, aiming to optimize costs and increase productivity by specializing in products at each factory and improving the quality of workers to achieve set business goals.
(seafood.vasep.com.vn) – On March 19, at the Government Headquarters, Prime Minister Pham Minh Chinh held a meeting with the European Commission (EC) inspection delegation on combating illegal, unreported and unregulated (IUU) fishing, led by Mr. Fernando Andresen Guimaraes, Head of Unit at the Directorate-General for Maritime Affairs and Fisheries (DG MARE).
(vasep.com.vn) Australia is emerging as one of the most stable and promising growth markets for Vietnamese shrimp. Amid global trade disruptions driven by geopolitical tensions—particularly conflicts in the Middle East—strengthening and expanding into stable markets like Australia has become increasingly important for Vietnam’s shrimp industry.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s squid and octopus exports reached over USD 111 million, up 23% compared to the same period in 2025. This result indicates a positive start for the sector, reflecting early signs of demand recovery in multiple markets from the beginning of the year.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s fisheries sector maintained positive growth momentum, with shrimp output exceeding 132 thousand tons. This result contributed to a strong increase in seafood export turnover, despite ongoing volatility in the global economy.
(seafood.vasep.com.vn) Vietnam’s tilapia exports maintained strong growth momentum in February 2026, with many markets recording sharp increases compared to the same period last year. In February alone, export value reached USD 8.4 million, up 148% year-on-year. Cumulatively, in the first two months of 2026, total tilapia export turnover hit USD 23 million, soaring 242% compared to the same period in 2025.
(seafood.vasep.com.vn) In global seafood trade, sensory evaluation is increasingly becoming one of the key “technical barriers” in many importing markets-especially the United States. Issues such as filth, and signs of decomposition/spoilage are often detected through sensory evaluation methods and remain common reasons for seafood import alerts, detentions, or shipment rejections.
Shrimp has been the most important export product of Vietnam’s seafood industry for many years, typically accounting for 35–45% of the country’s total seafood export value. With a well-developed farming, processing, and export system, Vietnam has become one of the world’s leading shrimp exporters.
(seafood.vasep.com.vn) As geopolitical tensions in the Middle East continue to escalate, the global food market is facing increasing volatility in logistics costs, energy prices, and supply chains. In the seafood sector, alongside ocean-caught products such as tuna, the surimi-based product group—including fish cakes, crab sticks, fish balls, and other imitation seafood products—has also been affected to some extent by these developments.
(seafood.vasep.com.vn) According to the 2026 brackish-water shrimp farming calendar issued by the Da Nang Department of Agriculture and Environment, the 2026 crop started in early January and is expected to harvest in late June. However, stocking progress has been slower than planned as farmers remain cautious, focusing on pond renovation and production preparations.
(seafood.vasep.com.vn) After the Lunar New Year of Binh Ngo 2026, commercial clam prices in Ha Tinh province surged sharply, nearly doubling compared to normal levels and standing about 20–30% higher than the same period last year. The spike has encouraged many aquaculture households to accelerate harvesting and sell large volumes to the market.
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