Recently, FIMEX VN announced its sales figures for August 2024. The company reported a revenue of USD 30.38 million for the month, marking an increase of nearly 36% compared to the same period last year.
In August, the production of processed shrimp reached 3,450 tons, a 74% increase year-on-year. This growth was attributed to several contracts signed with customers, necessitating increased processing to meet delivery deadlines. The sales volume of processed shrimp totaled 2,726 tons, up 36% compared to August 2023.
Meanwhile, the production of finished agricultural products decreased by 42% year-on-year to 44 tons. However, sales of agricultural products reached 116 tons, up 37% compared to the same period last year.
For the first eight months of 2024, FIMEX VN's total sales are estimated at USD 156.6 million. The company has set a sales target of USD 210 million for the year, having achieved 75% of this target by the end of August.
FIMEX VN also noted that by the end of August, its farms had completed the shrimp harvest and are now preparing ponds for the next farming season, which will commence when weather conditions improve.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in July 2024, exports of all major seafood products experienced significant growth. Notably, shrimp exports grew by 11%, marking the highest growth rate in the past seven months.
Shrimp exports to China and the EU increased by 24% and 32%, respectively, while exports to the U.S. rose by 9%, and to Japan by 4%. However, exports to South Korea dropped by 21%.
In total, shrimp exports for the first seven months of 2024 reached nearly USD 2 billion, up 7% year-on-year. Whiteleg shrimp exports accounted for USD 1.45 billion, up 4%, while black tiger shrimp exports totaled USD 246 million, down 10%. Lobster exports, on the other hand, nearly tripled, reaching USD 145 million.
Stock Price Movements of FMC
According to the 2023 annual report, FIMEX VN’s Chairman of the Board, Ho Quoc Luc, observed that in 2023, Vietnam’s shrimp industry faced significant risks due to economic recessions in major markets like the U.S. and Europe, persistently high inflation, and declining consumer demand. Additionally, fierce competition from Vietnam’s main shrimp rivals, Ecuador and India, added to the challenges.
Although Japan, FMC’s largest market, did not experience the soaring inflation seen in Western countries, it was still affected by weak purchasing power and consistently rising exchange rates.
Looking ahead to 2024, FIMEX VN anticipates that challenges in the shrimp industry will persist for at least the first six months of the year, potentially with even greater scale and impact compared to 2023. Specifically, tensions in the Red Sea could directly affect shrimp exports to the U.S. and Europe, while anti-dumping and countervailing duty lawsuits in the U.S. may reduce profits and weaken the competitiveness of Vietnam's shrimp businesses.
(seafood.vasep.com.vn) During the week from April 4th to 10th, 2026, Quang Ngai province intensified its monitoring and law enforcement activities with the determination to eliminate illegal, unreported, and unregulated (IUU) fishing practices.
(seafood.vasep.com.vn) Thanh Hoa’s shrimp sector is undergoing a strong transformation by accelerating the adoption of high technology, helping to improve productivity, increase profits, and meet market demands. The province currently has about 4,100 hectares of shrimp farming, with output continuing to rise despite stable farming area, mainly due to the shift from traditional methods to intensive and super-intensive farming.
(vasep.com.vn) Amid ongoing volatility in global seafood trade, Vietnam’s crab exports have made a fairly positive start to 2026. According to Vietnam Customs statistics, export turnover in the first two months of 2026 reached nearly USD 55 million, up 24% compared to the same period in 2025 and more than 2.2 times higher than in the same period of 2024. This indicates that crab exports are entering 2026 with stronger growth momentum, particularly in Asian markets.
(seafood.vasep.com.vn) Da Nang City has fully implemented all recommendations from the European Commission (EC) regarding the fight against illegal, unreported and unregulated (IUU) fishing, creating an important foundation for the removal of the “yellow card” in the near future.
(seafood.vasep.com.vn) In Hoa Vang district (Da Nang City), red tilapia farming is demonstrating clear economic efficiency, becoming a promising livelihood that helps many households increase their income. A notable example is the model of Mr. Huynh Ngoc Nam, who operates two red tilapia ponds covering more than 4 hectares, generating stable annual income.
(seafood.vasep.com.vn) In Gia Vien district, tilapia farming—particularly the “duong nghiep” strain—is expanding rapidly and gradually becoming an efficient production model for local farmers. Hatcheries in the area are supplying high-quality, uniform, and disease-free fingerlings, meeting the growing demand for commercial farming.
(seafood.vasep.com.vn) On the afternoon of March 19, Vice Chairman of the Ca Mau Provincial People’s Committee, Le Van Su, chaired a meeting to address bottlenecks and propose solutions to expand the super-intensive whiteleg shrimp farming model using low water exchange and high biosecurity standards (RAS-IMTA).
(seafood.vasep.com.vn) On March 10, 2026, the Ho Chi Minh City People’s Committee issued Decision No. 1377/QD-UBND approving the Aquatic Animal Disease Prevention and Control Plan for the 2026–2030 period. The decision takes effect from the date of signing and replaces previous plans for the 2021–2030 period that had been issued prior to the administrative merger in Ba Ria – Vung Tau, Binh Duong, and Ho Chi Minh City.
(vasep.com.vn) In 2025, Chile imported more than USD 156 million worth of tuna, up 8.1% compared to the previous year and the highest level in the past five years. As the supply structure in this market is rapidly shifting, Vietnamese tuna is facing both opportunities to expand market share and increasing competitive pressure from Thailand, Colombia, and China.
(seafood.vasep.com.vn) Vinh Long Province is stepping up efforts to develop brackish water shrimp farming in a sustainable direction, identifying it as a key sector in its agricultural structure. In 2026, the province aims to reach around 71,300 hectares of shrimp farming, with an output of over 314,000 tons.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
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