Thuan Phuoc Corporation (THP) has successfully held the Annual General Meeting of Shareholders in 2023 with a number of notable contents approved.
Accordingly, the Congress approved the business target in 2023 with a total revenue of 2,300 - 3,000 billion VND; export turnover is from 100 - 130 million USD; export output strives from 8,500 - 11,500 tons; pre-tax profit from 20-25 billion dong.
In addition to maintaining traditional markets, THP aims to diversify export markets, take advantage of FTAs to increase export turnover. The Company also aims to renovate farming ponds in Dien Mon, Dien Hoa to soon put the ponds into operation. Besides, the company researches and expands the depth products with high added value.
In 2022, THP surpassed its goal by 4.9% and 30%, respectively.
THP's export turnover reached 134.2 million USD , export output reached 11,305 tons in 2022. Total revenue recorded VND 3,146 billion and profit before tax reached VND 26 billion, up 17% and 27.4% respectively compared to 2021.
Last year, THP set a total revenue target of VND 3.000-3.500 billion, set profit before tax of VND 20-22 billion. With the result achieved, the company surpassed its goal by 4.9% and 30%, respectively.
THP was founded in 1987, the company mainly operates at producing and exporting frozen seafood products, agricultural products, food technology, import materials, machinery and equipment, technology, means of transport and consumer goods..
In recent years, THP has always been in the top 10 seafood exporters and in the top 5 largest shrimp exporters of Vietnam.
Compiled by Thuy Linh
(seafood.vasep.com.vn) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.
(seafood.vasep.com.vn) The tuna export market of Vietnam in the first month of 2025 has seen notable fluctuations. Exports to most major markets have decreased compared to the same period in 2024.
The Seafood Expo Global is the largest seafood industry event in the world, truly becoming a professional playground and a strong foundation for connecting the international seafood community. The Seafood Expo Global (SEG) 2025 will take place from May 6 to May 8, 2025 in Barcelona, promising to be an important platform for the global seafood community to meet, trade, and seek business opportunities in seafood industry.
(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam’s pangasius exports in January 2025 reached over USD 133 million, marking a 19% decline compared to the same period last year. Notably, the ranking of the top pangasius import markets saw significant adjustments.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
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