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’s tilapia industry is maintaining strong growth momentum, with significant room for further expansion in the coming years. In 2025, total tilapia production reached approximately 420,000 tonnes, up 33% from 2024 and 2.2 times higher than in 2015. During 2015–2025, production grew at an average annual rate of around 8.4%. As production and exports continue to expand, food safety control is receiving increasing attention to ensure product quality, meet the increasingly stringent requirements of international markets, and provide a foundation for the sustainable development of Vietnam’s tilapia industry.
(seafood.vasep.com.vn) On the afternoon of August 19, 2026, as part of the Vietnam International Seafood Exhibition – Vietfish 2026, the Hosted Buyer Program continued with the seminar “Vietnam Seafood Outlook 2026–2027: A Strategic Sourcing Destination,” followed by 1-to-1 B2B meetings between international buyers and Vietnamese seafood businesses.
(seafood.vasep.com.vn) Speaking at the Opening Ceremony of VIETFISH 2026 on August 19 at the Saigon Exhibition and Convention Center (SECC), U.S. Consul General Melissa Brown highlighted the important role of the exhibition in connecting Vietnam’s growing seafood industry with buyers, suppliers, and partners from the United States and around the world.
(vasep.com.vn) Tomorrow, August 19, 2026, the Vietnam International Seafood Exhibition – Vietfish 2026 will officially open at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. Taking place over three days, from August 19–21, Vietfish 2026 promises to provide a dynamic platform for business networking, trend updates, product experiences and comprehensive cooperation across the domestic and international seafood community.
(vasep.com.vn) The global tilapia market continues to grow, creating significant opportunities for countries with strengths in aquaculture, processing, and exports. Against this backdrop, Vietnam’s tilapia industry is gradually developing toward higher quality, greater product diversification, and broader market reach. At Vietfish 2026, the Vietnam Association of Seafood Exporters and Producers (VASEP), together with the VASEP Tilapia Producers and Exporters Club, will host a joint booth to promote the image and potential of Vietnamese tilapia to domestic and international buyers.
(seafood.vasep.com.vn) Vietnam’s seafood exports are heading towards $12 billion this year, potentially the highest level on record. Yet one of the country’s export strengths is facing a growing list of challenges.
(seafood.vasep.com.vn) The first six months of 2026 indicate that Vietnam’s tilapia industry is entering a new phase of development, with strong export growth but also greater demands for production scale, quality and international competitiveness.
(seafood.vasep.com.vn) Vietfish 2026, the Vietnam International Seafood Exhibition, will officially take place from 19–21 August 2026 in Ho Chi Minh City. As Vietnam’s largest annual seafood trade event, organized by the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietfish 2026 will once again bring together leading seafood companies, industry experts, and international partners from across the global seafood value chain.
(seafood.vasep.com.vn) Vietnam’s seafood exports reached USD 1.1 billion in July 2026, up 4.8% compared to the same period in 2025. Cumulative exports in the first seven months of the year totaled nearly USD 6.86 billion, an increase of 11.5% year-on-year. Exceeding the USD 1 billion mark in July further reinforces the prospect that Vietnam’s seafood exports could surpass USD 12 billion in 2026. However, the July figures also send a clear signal that the most favorable growth period may have passed: overall export growth slowed to just 4.8%, pangasius exports fell 6.1%, tuna exports were virtually flat, while exports to the EU, South Korea, and the Middle East all recorded double-digit declines.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the seminar "Global Seafood Market and the Future Workforce: Trends, Opportunities, and Sustainable Development Pathways for Vietnam's Seafood Industry" will take place from 2:00 p.m. to 4:15 p.m. on August 19, 2026, at Convention Room B, Level 2, SECC, Ho Chi Minh City. This is the first of five specialized seminars at Vietfish 2026, focusing on key issues that are shaping the long-term development of Vietnam's seafood industry.
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