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) Vietnam is stepping up efforts to combat illegal fishing, protect marine ecosystems, expand digital monitoring, and develop science-based management to ensure the sea can support communities and the economy for generations to come.
(seafood.vasep.com.vn) The EU remains a critical market for Vietnamese shrimp; however, purchasing demand and import patterns are undergoing notable changes. According to Vietnam Customs data, as of September 15, 2026, Vietnam’s shrimp exports to the EU reached nearly $374 million, down 5% year-over-year and accounting for 10.7% of the country’s total shrimp export value. Meanwhile, the EU’s stotal shrimp imports through July 2026 contracted by 7% in volume, exhibiting divergent trends across Southern Europe, Northwestern Europe and Eastern Europe. These dynamics necessitate that Vietnamese enterprises closely monitor individualized market demand, rather than approaching the EU as a monolithic consumer block.
(seafood.vasep.com.vn) In the first eight months of 2026, Vietnam’s exports of surimi and fish cakes remained relatively stable year-over-year compared to 2025. Following a contraction in the initial months, export performance demonstrated improvement from June onward, peaking in August. However, the recovery has been uneven, characterized by divergent trends across major markets: robust growth was recorded in China, Japan, Malaysia, the United States, and Taiwan, whereas export volumes to South Korea, Indonesia, and select European markets contracted.
(seafood.vasep.com.vn) Pangasius remains one of Dong Thap’s key aquaculture species, with the province focusing on developing an integrated value chain covering seed production, commercial farming, deep processing and by-product utilization. The province is promoting high-tech, circular pangasius farming models featuring reduced water exchange and enhanced biosecurity, aiming to improve production efficiency and strengthen control over raw material quality.
(vasep.com.vn) Vietnam’s seafood exports in September 2026 are estimated at US$1.135 billion, up 11.9% year-on-year, bringing total exports in the first nine months of the year to US$9.103 billion, up 11.4%. Behind this double-digit growth, however, increasingly divergent market trends are emerging: China–Hong Kong and ASEAN posted strong growth, while the U.S., EU and Japan all recorded declines in September.
(vasep.com.vn) In the first eight months of 2026, Brazil became the largest market for Vietnamese tilapia, with export value reaching US$44 million, up 22,142% year-on-year and accounting for 49% of Vietnam’s total tilapia exports. In August alone, exports to Brazil reached US$4 million. However, behind this remarkable growth is a market that is imposing increasingly stringent requirements on imported supplies.
(vasep.com.vn) Vietnam’s tuna exports sustained their upward trajectory in August 2026, though the pace remained modest at just 2%. The month saw divergent trends across key markets: the US maintained its leading position, Japan and Canada improved, Russia surged and the EU continued to experience a steep downturn. These developments suggest that exporters are entering the final months of the year amid a market environment marked by greater uncertainty.
(seafood.vasep.com.vn) Congalsa has acquired the entire charter capital of Lenger Seafood Vietnam, giving it full ownership of the business and its Nam Dinh processing facility.
(seafood.vasep.com.vn) Ninh Binh Province is entering a peak period of action against illegal, unreported and unregulated (IUU) fishing, focusing on thoroughly addressing violations, closely monitoring fishing vessels at ports and preventing vessels from violating regulations and operating illegally in foreign waters ahead of the European Commission’s (EC) upcoming inspection in 2026.
(vasep.com.vn) The application of biotechnology in seed production is increasingly viewed as a strategic imperative to upgrade pangasius fingerling quality, optimize farming efficiency and anchor sustainable industry development.
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