Sao Ta Foods Joint Stock Company (FMC) has announced its operating results for October 2024.
According to the company, finished shrimp production in October reached 1,866 tons, down 27% year-on-year; however, finished shrimp sales rose to 2,043 tons, up 23%. Additionally, the company produced 75 tons of finished agricultural products and consumed 122 tons, down 44% and 11% year-on-year, respectively.
As a result, Sao Ta recorded total sales for October at $23.25 million, equivalent to 126% of the same period last year.
Furthermore, FMC's farms have been fully prepared and will begin stocking in mid-November when the weather conditions become favorable.
Previously, Sao Ta Foods announced its third-quarter 2024 business results with net revenue reaching VND 2,845 billion, up 58.6% year-on-year. Cost of goods sold also increased to VND 2,537 billion compared to VND 1,609 billion recorded in the third quarter of 2023. Sao Ta's gross profit also surged significantly from VND 184 billion to VND 307.6 billion.
Financial operating revenue saw a sharp drop of 57% to VND 8.9 billion. Meanwhile, various costs in the third quarter all increased substantially, especially selling expenses, which rose by 2.4 times to VND 166.6 billion compared to the same period.
Consequently, Sao Ta reported profit after tax of VND 94.8 billion, up 6% year-on-year.
For the first nine months of the year, the company achieved a revenue of nearly VND 5,548.5 billion, up 44.7% year-on-year. Net profit reached nearly VND 232 billion, up 10% compared to the first nine months of last year.
In 2024, Sao Ta Foods set a target of VND 5,187 billion in revenue and VND 320 billion in pre-tax profit. With a pre-tax profit of VND 231.8 billion after the first nine months of 2024, Sao Ta Foods has exceeded its revenue plan and completed 72.4% of its profit plan.
As of the end of the third quarter, Sao Ta's total assets were recorded at VND 3,706 billion, up 10.4% compared to the beginning of the year. This growth was largely driven by short-term receivables, which rose by 110.8% year-to-date to VND 1,036.6 billion.
Meanwhile, inventory decreased by 22.6% compared to the beginning of the year, falling to VND 774.28 billion.
(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.
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