According to Mr. Truong Dinh Hoe - General Secretary of VASEP, seafood export price may continue to increase in the second half of the year. The market demand is still strong, especially after businesses got back to trade promotion activities and events such as the Seafood Expo North America in March and the Seafood Expo Global in April. Therefore, seafood exports may reach 9.5-10 billion USD this year, increases by 6-12% over the previous year.
In the positive scenery, many seafood businesses have annouced their April business results with strong growth as well as the forecasting growth for the second quarter.
As from Mr. Pham Hoang Viet – General Manager of Sao Ta Food Joint Stock company (FIMEX VN) – the member unit of PAN Group shared that the business situation in the second quarter are still on track with many positive. The profit of the company for the second quarter may exceed at least 20% comparing to the last year same period.
This year, FIMEX VN shrimp sector had set a target of increasing consolidated revenue by 11% to reach 5.290 billion VND, with the profit before tax of at least 320 billion VND, increasing 10.7%. Particularly in the first quarter, FIMEX VN recorded 1,328 billion VND in net revenue- an increase of 37%; the profit after tax of parent company shareholders is 41 billion VND, increasing by 36.6% compared to the first quarter of 2021. The company explained the increase in profit thanks to higher sales, raw material stockpiling and signing contracts that anticipate fluctuations in freight rates.
This year, 2 new factories come into operation (Sao Ta seafood factory/ Tam An shrimp processing line) with a capacity of about 25%/50% of the designed capacity will provide an additional 3,805 tons of shrimp production for the company. At the same time, the company plans to continue to expand by 52 hectares of farming areas this year and 48 hectares of farming areas in 2023. The expansion of 52 hectares this year will help the company to have about 1,700-2,000 tons of raw shrimp from home pond.
The expansion of the farming area will ensure the source of input materials for two new factories and focus on producing value-added shrimp products. Sao Ta's target market is still the US, EU and Japan.
Vinh Hoan Corp announced its April revenue (including Sa Giang Trading Ltd) reached VND 1,651 billion, a leap of 98% increase compared to 2021’s same period and 20% compared to last month. The driving force came from the US market, with the export value reached 983 billion VND - increased 240% over the same period in 2021 and 51% over the previous month. The revenue in April of this year was equivalent to nearly 70% of the revenue of the second quarter of 2021. Accumulating 4 months of 2022, the pangasius company recorded a total revenue of VND 4,924 billion, increased by 88% compared to the same period in 2021.
Similarly, Nam Viet Corp announced the April revenue of 433 billion VND, profit after tax of 116 billion VND; respectively increased by 6% and 68% compared to the monthly average in the first quarter. Gross profit margin of Nam Viet reached 37.9%, improved from 29.4% in the first quarter. April's profit was nearly five times higher than the low level of 23.7 billion VND recorded in the second quarter of 2021. Accumulated 4 months, the revenue is 1,644 billion VND, profit after tax is 323 billion VND. Gross profit margin reached 32%. With this result, the enterprise has completed 45% of the annual profit plan.
Compiled by My Hanh
(seafood.vasep.com.vn) Egypt is emerging as one of the most promising destinations for Vietnamese tuna exports in 2026. During the first four months of the year, export turnover to this market exceeded USD 7.3 million, marking a sharp increase compared to the same period over the previous two years. As Egypt’s tuna imports continue to recover and demand for canned tuna remains strong, the market is becoming increasingly attractive for Vietnamese tuna processors and exporters.
(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s pangasius exports to CPTPP member countries reached nearly USD 128 million, accounting for 18% of the country’s total pangasius export value and increasing by 21% compared to the same period in 2025. Demand patterns varied significantly across the bloc: Mexico primarily imported fresh and frozen pangasius products, while Japan and Canada recorded substantial shares of processed products. Australia remained focused on frozen fillets but continued to maintain a portion of processed imports.
(seafood.vasep.com.vn) Despite the slow recovery of the U.S. market and continued trade-related challenges facing Vietnam’s shrimp industry, Minh Phu Seafood Corporation (MPC) has set ambitious targets for 2026. The company aims to produce 68,800 metric tons of finished shrimp products, generate consolidated revenue of VND 19.9 trillion, and achieve VND 1.059 trillion in pre-tax profit. If achieved, these figures would represent the highest revenue and profit levels in the company’s history.
(seafood.vasep.com.vn) HungHau Foods Joint Stock Company (HungHau Foods) has been honored at the 33rd Asia-Pacific Economic Forum, receiving two prestigious awards: “Top 10 Outstanding Asia-Pacific Enterprises 2026” and “Top 10 Outstanding Entrepreneurs” awarded to HungHau Foods CEO, Ms. Nguyen Yen.
(seafood.vasep.com.vn) After a period of sluggish imports in 2025, the Chinese market has returned with strong shrimp purchasing momentum in the first months of 2026. However, alongside rising demand comes an increasingly stringent import control system, covering quarantine requirements, food safety standards, registration procedures, and traceability. This makes China a market that offers both significant opportunities and growing risks for Vietnamese shrimp exporters.
(seafood.vasep.com.vn) Recently, in Long Xuyen City, An Giang Province, the Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD) and the University of Economics Ho Chi Minh City (UEH) organized a workshop to announce the results of the project “Food Loss Assessment in the Pangasius Value Chain in the Mekong River Region.” The project aims to provide scientific evidence to support the sustainable development of Vietnam’s pangasius industry.
(seafood.vasep.com.vn) Shrimp prices in Vietnam’s Mekong Delta have recovered since early May, helping to improve farmers’ confidence and accelerate stocking activities for the 2026 farming season. However, farmers remain cautious due to rising input costs, unfavorable weather conditions, and disease risks.
(seafood.vasep.com.vn) On May 27, the Vietnam Trade Office in India, in collaboration with trade promotion agencies, industry associations, and businesses from both countries, organized the online seminar “Vietnam–India Seafood Trade Forum and Supply-Demand Connectivity 2026.” The event aimed to promote trade cooperation, investment, and seafood supply chain connectivity between Vietnam and India amid the ongoing restructuring of global markets.
(seafood.vasep.com.vn) In recent years, Ninh Binh Province has intensified the application of science and technology in aquaculture in order to improve productivity, product quality, and economic efficiency.
(seafood.vasep.com.vn) In the first four months of 2026, Vietnam’s tilapia exports reached USD 49 million, up 151% compared to the same period in 2025. This figure reflects an emerging export sector that is taking advantage of market gaps created by global trade disruptions, while larger producers are adjusting their strategies.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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