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) Congalsa has acquired the entire charter capital of Lenger Seafood Vietnam, giving it full ownership of the business and its Nam Dinh processing facility.
(seafood.vasep.com.vn) Ninh Binh Province is entering a peak period of action against illegal, unreported and unregulated (IUU) fishing, focusing on thoroughly addressing violations, closely monitoring fishing vessels at ports and preventing vessels from violating regulations and operating illegally in foreign waters ahead of the European Commission’s (EC) upcoming inspection in 2026.
(vasep.com.vn) Vietnam’s tuna exports sustained their upward trajectory in August 2026, though the pace remained modest at just 2%. The month saw divergent trends across key markets: the US maintained its leading position, Japan and Canada improved, Russia surged and the EU continued to experience a steep downturn. These developments suggest that exporters are entering the final months of the year amid a market environment marked by greater uncertainty.
(vasep.com.vn) Vietnam’s shrimp exports reached $3.3 billion in the first eight months of 2026, up 12% year on year. However, growth momentum is moderating and market divergece is becoming more pronounced, while the US and EU continue to present significant challenges. The latest insights from the Global shrimp forum 2026 (GSF 2026), held in early September, also indicate that the final months of the year will remain highly competitive as global supply continues to expand and buyers place greater emphasis on quality, product specifications, supply consistency and the ability to meet market-specific demand.
(vasep.com.vn) Vietnam’s pangasius exports continued to grow in August 2026, bringing total export value in the first eight months of the year to US$1.5 billion, up 10% year-on-year. August exports alone reached US$205 million, up 6%. However, market performance has become increasingly divergent, with China and Brazil posting positive growth while the U.S. continued to record a sharp decline.
(vasep.com.vn) Vietnam’s seafood exports reached US$1.14 billion in August 2026, up 6.4% year on year, bringing the total for the first eight months to more than US$8.0 billion, an increase of 11.9%. Monthly export value remained above US$1 billion, but August growth was only around half the rate recorded cumulatively through the first eight months. This indicates that the eight-month result was supported significantly by stronger performance in earlier months, while market conditions are entering a less predictable period.
(seafood.vasep.com.vn) Pangasius is attracting growing interest from Japanese seafood companies as prices of many traditional whitefish species remain high and supply becomes increasingly volatile. Notably, seafood group Kyokuyo has recently continued to feature pangasius among its priority products, highlighting its competitive pricing and stable supply.
(seafood.vasep.com.vn) As Vietnam’s tilapia industry searches for new growth opportunities, venturing into brackish-water aquaculture could unlock a formidable competitive moat. Bypassing the volume-and-price bloodbath against established global heavyweights, Vietnam could differentiate itself through high-quality tilapia products tailored to specific farming conditions and value-added market segments.
(seafood.vasep.com.vn) 2026 is rapidly shaping up to be a formidable stress test for Vietnamese pangasius exports to the United States. While exports to alternative markets maintain a resilient growth trajectory, the U.S market has declined significantly. In the first eight months of the year, pangasius exports to the U.S fell by nearly 14% year-on-year, with August alone recording a decline of more than 50%. The trend shows that difficulties in the U.S. market are not driven solely by weak consumer demand, but also by multiple layers of trade barriers that are intensifying simultaneously, particularly additional import tariffs, anti-dumping duties and growing protectionism for the domestic catfish industry.
(vasep.com.vn) Vietnam’s pangasius exports to Japan are showing positive signals in 2026, indicating that the market is opening up greater opportunities for pangasius products, particularly processed and value-added products. In the first seven months of 2026, Vietnam’s pangasius exports to Japan reached US$31 million, up 20% year-on-year. In July alone, export value reached approximately US$5 million, up 30%.
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
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn