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) Nearly US$1.7 billion is the projected gap in 2029 between the baseline scenario and a scenario in which Vietnam’s seafood exports grow by 10% annually, according to calculations by VASEP to be presented at Vietnam Seafood Summit 2026. This gap raises a key question for the entire industry: Which markets, products and supply chain improvements will generate the additional growth?
(seafood.vasep.com.vn) Although Germany’s tuna imports have declined, Vietnam’s tuna exports to the market continue to show positive signs. Notably, export value recovered strongly in Q3/2026, and German import data also show Vietnamese products strengthening their position amid competition among suppliers.
(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
(seafood.vasep.com.vn) On October 28, 2026, the China Fisheries & Seafood Expo opened in Qingdao, China. The expo takes place over three days from October 28 to 30, 2026. This is a prestigious specialized seafood exhibition organized annually by Sea Fare Exposition Inc.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
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