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) The year 2026 marks a period of strong growth for Vietnam’s tilapia industry, but it is also a time when international export competition is becoming increasingly intense. Vietnam’s tilapia exports reached USD 99 million in 2025, up 140% compared to the previous year. In the first four months of 2026 alone, export value reached USD 49 million, a 151% increase year-on-year. As global demand for affordable whitefish continues to rise, Vietnam is emerging as a noteworthy competitor to traditional tilapia powerhouses such as China, Indonesia, Brazil, and Egypt.
(seafood.vasep.com.vn) With continued policy support, technological innovation and close coordination among authorities, businesses and farmers, Vietnam’s pangasius industry is expected to make a strong and sustainable breakthrough during the 2026–2030 period, reinforcing its position as the world’s leading exporter of the fish.
(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s tilapia exports to Asian markets showed varying trends across regions and countries. The Middle East recorded strong growth, with Saudi Arabia emerging as the largest Asian market for Vietnamese tilapia. ASEAN markets also expanded significantly, driven primarily by Malaysia. Meanwhile, Japan maintained solid growth, while exports to South Korea declined compared to the same period in 2025.
(seafood.vasep.com.vn) Shrimp and pangasius continued to lead growth, helping seafood exports reach $4.67 billion in the first five months of the year; however, differentiation among product groups and increasingly stringent requirements from importing markets are posing many challenges for the industry.
(seafood.vasep.com.vn) Every day, the seafood processing industry in Ca Mau generates large quantities of shrimp heads and shells during processing operations. In the past, these by-products were largely treated as waste, increasing production costs and posing potential environmental risks. However, thanks to advanced processing technologies, materials once considered waste are now being transformed into high-value products, creating a circular economy model within the seafood industry.
(seafood.vasep.com.vn) Vietnam Clean Seafood Corporation has invested in a 280-hectare super-intensive shrimp farming zone in Tran De Commune, Can Tho City, generating export value of approximately VND 3 billion per hectare per year—around 50 times higher than traditional agricultural production.
(vasep.com.vn) Vietnam’s seafood exports reached USD 1.02 billion in May 2026, up 0.6% year-on-year. Cumulative exports in the first five months of 2026 totaled USD 4.67 billion, an increase of 11% compared to the same period in 2025.
(seafood.vasep.com.vn) In a rapidly changing global seafood market, timely insights and reliable data are more critical than ever. The Report on Vietnam Seafood Exports in Q1/2026 provides a comprehensive overview of the latest developments in Vietnam’s seafood production, trade performance, and export trends, helping businesses navigate uncertainty and identify new growth opportunities.
(seafood.vasep.com.vn) While many major markets continue to experience slow growth, Russia has emerged as a brighter destination for Vietnamese tuna exports in early 2026. Export turnover to this market increased by nearly 55% in the first four months of the year, indicating a clear improvement in demand. Nevertheless, Russia remains a market that should be viewed with both optimism and caution.
(seafood.vasep.com.vn) Vietnam’s pangasius exports have shown encouraging signs of recovery in 2026. In the first four months of the year, total export turnover reached USD 720 million, up 17% compared to the same period last year. This result reflects improving demand across many markets, as well as the efforts of Vietnamese pangasius enterprises to maintain production, secure orders, and adapt to changing market conditions.
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