In February, FMC's sales volume reached 1,806 tons, up 84% YoY. Sales of agricultural products also increased by 9%, reaching 96 tons. Revenue for February was nearly 21 million USD, an 85% increase YoY, though it decreased by 19% compared to January. Cumulatively, in the first two months of 2025, FMC achieved revenue of 46.9 million USD (~1,200 billion VND), up 54% YoY.
Sao Ta has completed harvesting at the new farming area and is continuing harvest at the old farms, ensuring a stable supply of raw materials for processing. Notably, the company has decided to release shrimp stock for the off-season across the entire farming area, a bold move given the potential risks posed by weather conditions affecting the farming environment.
Chairman of the Board, Dr. Hồ Quốc Lực, shared, "No farm has dared to implement this on their entire farming area. The farming ponds are now being closely controlled and are expected to yield positive results."
In 2024, FMC achieved a net revenue of 6,913 billion VND and net profit after tax of 423 billion VND, an increase of 36% and 40%, respectively, compared to 2023, setting new records. Notably, the company completed its annual revenue target as early as October, despite challenges in the global shrimp industry and two trade lawsuits in the U.S.
Although FMC's standalone profit did not meet expectations, its subsidiary, Thực phẩm Khang An (KAF), accelerated growth, helping consolidated profit surpass the target, reaching 384 billion VND – the highest in the company’s history.
Dr. Hồ Quốc Lực commented that 2024 was a challenging year, as shrimp prices increased from Q3, while export prices remained low. Additionally, two anti-dumping and countervailing duty lawsuits in the U.S. added financial pressure, leading the company to set aside 38 billion VND for anti-dumping tax in 2023 and 10 billion VND for countervailing duties in 2024.
However, he emphasized, "Our export turnover grew by 25%, double the industry average, and we achieved the highest shrimp production in company history. These are proud results in a tough year."
For 2025, Sao Ta aims to reach an export turnover of 300 million USD and a profit of 500 billion VND, further asserting its strong position in Vietnam's seafood industry.
(seafood.vasep.com.vn) In 2025, Vietnam’s tuna exports to Spain increased by 13% compared to 2024. This growth trend has continued into the first two months of 2026. According to Vietnam Customs statistics, export turnover to this market reached nearly USD 3 million in January–February 2026, up 101% year-on-year and significantly higher than the same period in 2024. This development indicates that Spain is once again becoming a notable destination for Vietnamese tuna amid strong demand for tuna raw materials and products in Europe.
(seafood.vasep.com.vn) The 2026 brackish water shrimp farming season in the Mekong Delta has started earlier than usual, mainly driven by positive market signals, as shrimp prices in 2025 remained high and supply was limited. Many enterprises and farms in Cần Thơ, Cà Mau, and Vĩnh Long have proactively stocked early to seize opportunities. By early 2026, stocking areas in many localities had reached a high proportion of planned targets, with intensive and high-tech farming models expanding rapidly.
(vasep.com.vn) Vietnam’s tilapia exports to the United States recorded remarkable growth in 2025, opening up major opportunities while also presenting considerable challenges. The U.S. remains the largest importer of Vietnamese tilapia fillets, with export turnover reaching USD 40 million—an increase of up to 499% compared to 2024. This impressive growth reflects strong demand in the U.S. market, as supply from competing countries such as China has been constrained by tariffs and rising production costs.
(seafood.vasep.com.vn) Pangasius remains a strategic export commodity in Vietnam’s seafood sector. Entering 2026, the industry faces a strong need to transition from volume-based growth to a value-driven development model, with a focus on quality, food safety, and sustainability.
(seafood.vasep.com.vn) Following damage caused by Storm No. 13 in late 2025, brackish water shrimp farming in Gia Lai is being rapidly restored. In key farming areas such as Tuy Phước and Tuy Phước Đông, farmers are focusing on rehabilitating ponds, repairing infrastructure, and treating the environment in preparation for the 2026 crop.
(seafood.vasep.com) Facing the decline in fishery resources, Vietnam is accelerating livelihood transitions for fishermen to reduce fishing pressure and move toward sustainable development. Marine fish stocks have dropped significantly from 4.82 million tons in 2000–2005 to 3.95 million tons in 2016–2020.
(seafood.vasep.com.vn) Vietnam’s shrimp industry is entering a period of strong transformation with the emergence of various high-tech farming models, helping improve productivity and competitiveness. Over the past 5–10 years, farming practices have shifted from traditional methods to intensive and super-intensive systems, featuring lined ponds, environmental sensors, automated feeding, and data management.
(seafood.vasep.com.vn) With a focus on sustainable development, high-tech application, and climate change adaptation, An Giang Province aims to maintain its brackish water shrimp production in 2026 at a level equivalent to the previous year. Specifically, output is projected to reach over 155,510 tons, serving both domestic consumption and export processing, thereby sustaining the fisheries sector’s key role in the local economic structure.
(seafood.vasep.com.vn) In the Mekong Delta, key pangasius farming provinces such as An Giang, Dong Thap, and Can Tho are accelerating the transition toward a circular economy model, contributing to higher product value and reduced environmental impact. Instead of focusing solely on farming and processing, the pangasius value chain is increasingly utilizing by-products and waste streams to generate added value.
(vasep.com.vn) Vietnam’s scallop exports are entering a phase of impressive growth, as the global market undergoes significant restructuring. In 2025, scallop export value reached nearly USD 66 million, up 49% from USD 44 million in 2024. This upward momentum has continued and accelerated into early 2026, with exports totaling USD 18.1 million in the first two months alone—an increase of 166% year-on-year. This represents an exceptionally high growth rate, reflecting the rapid expansion of a relatively new product segment within Vietnam’s mollusk export portfolio.
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