The most notable turnaround came from “shrimp king” Minh Phu (MPC). Despite Q3 net revenue falling 13% to VND 3.782 trillion, the company posted an impressive reversal with VND 228 billion in after-tax profit, compared to a heavy loss of VND 93 billion in Q3/2024.
This improvement was largely driven by a sharp decline in cost of goods sold, which boosted gross profit by 56% to VND 600 billion. Financial, selling, and administrative expenses were also reduced significantly, improving overall performance. Over the first nine months, Minh Phu earned VND 401 billion in profit, completing 40% of its annual target.
In the pangasius sector, Vinh Hoan Corp. (VHC) continued to maintain its leading position. In Q3, VHC’s net revenue rose 6% to VND 3.471 trillion. The highlight came from financial activities: financial income jumped from VND 56 billion to VND 116 billion, while financial expenses fell 75% to only VND 22 billion. As a result, after-tax profit grew 34% to VND 455 billion. Vinh Hoan attributed the strong profit increase to exchange rate gains, reversal of investment provisions, and lower interest costs.
Nam Viet Corp. (ANV) delivered its strongest quarter in history. Q3 revenue rose 50% to VND 2.007 trillion, bringing gross profit to VND 487 billion — the highest since the company was founded.
After-tax profit reached VND 283 billion, 10 times higher than the same period last year. Navico’s representative said improved market conditions and higher pangasius export prices boosted sales volume. Over the first nine months, pre-tax profit surged 13-fold to VND 857 billion.
Sao Ta Foods (FMC) reported an 18% increase in after-tax profit in Q3, reaching VND 111.8 billion. Although revenue grew only 5% to VND 2.989 trillion, gross margin improved to 14% as cost of goods sold rose more slowly than revenue. The company said profit growth was supported by a 51% increase in sales volume and cost reductions after settling its second shrimp crop.
Another representative of the pangasius sector, I.D.I International Development and Investment Corp. (IDI), also saw a strong rebound, with Q3 after-tax profit doubling to VND 35.5 billion — the highest in the past 12 quarters. Despite a 10% decline in revenue, IDI succeeded in optimizing production costs, increasing financial income, and significantly reducing interest expenses.
The impressive results across these companies reflect a broadly positive picture for the entire industry. By the end of Q3/2025, Vietnam’s seafood export value reached an estimated USD 2.7 billion, up 10% year-on-year. Over the first nine months, total seafood export turnover hit USD 8.36 billion, up 16%, demonstrating a solid recovery after a period of weakened global demand.
(seafood.vasep.com.vn) Egypt is emerging as one of the most promising destinations for Vietnamese tuna exports in 2026. During the first four months of the year, export turnover to this market exceeded USD 7.3 million, marking a sharp increase compared to the same period over the previous two years. As Egypt’s tuna imports continue to recover and demand for canned tuna remains strong, the market is becoming increasingly attractive for Vietnamese tuna processors and exporters.
(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s pangasius exports to CPTPP member countries reached nearly USD 128 million, accounting for 18% of the country’s total pangasius export value and increasing by 21% compared to the same period in 2025. Demand patterns varied significantly across the bloc: Mexico primarily imported fresh and frozen pangasius products, while Japan and Canada recorded substantial shares of processed products. Australia remained focused on frozen fillets but continued to maintain a portion of processed imports.
(seafood.vasep.com.vn) Despite the slow recovery of the U.S. market and continued trade-related challenges facing Vietnam’s shrimp industry, Minh Phu Seafood Corporation (MPC) has set ambitious targets for 2026. The company aims to produce 68,800 metric tons of finished shrimp products, generate consolidated revenue of VND 19.9 trillion, and achieve VND 1.059 trillion in pre-tax profit. If achieved, these figures would represent the highest revenue and profit levels in the company’s history.
(seafood.vasep.com.vn) HungHau Foods Joint Stock Company (HungHau Foods) has been honored at the 33rd Asia-Pacific Economic Forum, receiving two prestigious awards: “Top 10 Outstanding Asia-Pacific Enterprises 2026” and “Top 10 Outstanding Entrepreneurs” awarded to HungHau Foods CEO, Ms. Nguyen Yen.
(seafood.vasep.com.vn) After a period of sluggish imports in 2025, the Chinese market has returned with strong shrimp purchasing momentum in the first months of 2026. However, alongside rising demand comes an increasingly stringent import control system, covering quarantine requirements, food safety standards, registration procedures, and traceability. This makes China a market that offers both significant opportunities and growing risks for Vietnamese shrimp exporters.
(seafood.vasep.com.vn) Recently, in Long Xuyen City, An Giang Province, the Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD) and the University of Economics Ho Chi Minh City (UEH) organized a workshop to announce the results of the project “Food Loss Assessment in the Pangasius Value Chain in the Mekong River Region.” The project aims to provide scientific evidence to support the sustainable development of Vietnam’s pangasius industry.
(seafood.vasep.com.vn) Shrimp prices in Vietnam’s Mekong Delta have recovered since early May, helping to improve farmers’ confidence and accelerate stocking activities for the 2026 farming season. However, farmers remain cautious due to rising input costs, unfavorable weather conditions, and disease risks.
(seafood.vasep.com.vn) On May 27, the Vietnam Trade Office in India, in collaboration with trade promotion agencies, industry associations, and businesses from both countries, organized the online seminar “Vietnam–India Seafood Trade Forum and Supply-Demand Connectivity 2026.” The event aimed to promote trade cooperation, investment, and seafood supply chain connectivity between Vietnam and India amid the ongoing restructuring of global markets.
(seafood.vasep.com.vn) In recent years, Ninh Binh Province has intensified the application of science and technology in aquaculture in order to improve productivity, product quality, and economic efficiency.
(seafood.vasep.com.vn) In the first four months of 2026, Vietnam’s tilapia exports reached USD 49 million, up 151% compared to the same period in 2025. This figure reflects an emerging export sector that is taking advantage of market gaps created by global trade disruptions, while larger producers are adjusting their strategies.
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