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) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.
(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.
(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.
(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
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
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