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) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
By the end of Q3/2025, Vietnam’s seafood industry recorded a clear recovery as a series of leading companies reported strong profits — some even achieving the highest results in their history. After several quarters struggling with high costs and weakened demand, the latest business results indicate a robust comeback across the industry.
(seafood.vasep.com.vn) On November 12 in Ho Chi Minh City, the Embassy of the Netherlands, in coordination with the Ministry of Agriculture and Environment, organized the Vietnam–Netherlands Business Forum under the theme “Shaping the future of sustainable aquaculture in the Mekong Delta.”
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