For the pangasius sector, Vinh Hoan Corporation (Code: VHC) achieved net revenue of VND 3,278 billion, a 21% increase year-over-year. Profit after tax soared by 70% to VND 341 billion, marking the highest profit for the company in the last five quarters. The rise in pangasius sales, which grew by 33%, was driven by increased output, despite a decline in average selling prices. Additionally, revenue from rice products skyrocketed by 105% compared to the previous year. While exports to the U.S. (the key market), Europe, and other regions experienced growth, revenue from China saw a slight decline.
Nam Viet Corporation (Navico - Code: ANV) and Can Tho Seafood Import-Export Corporation (Code: CCA) also reported positive results in the third quarter, benefiting from significantly improved sales.
In the shrimp sector, Minh Phu Seafood Corporation (Code: MPC) posted a net revenue of VND 2,700 billion, up 35% year-over-year. Profit after tax reached over VND 198 billion, a notable turnaround from a loss of VND 13 billion in the same quarter last year. This substantial profit was largely attributed to significant dividends received from its subsidiaries, Minh Phu Hau Giang Seafood Corporation and Minh Phu Seafood Supply Chain Company Limited.
Sao Ta Food Corporation (Code: FMC) recorded a remarkable 59% increase in net revenue, reaching VND 2,845 billion, the highest quarterly revenue in the company's history. However, high operating expenses limited profit growth to just 6%, totaling nearly VND 95 billion. Sao Ta noted that rising raw material prices and soaring transportation costs negatively impacted order fulfillment. Additionally, the company set aside funds for anti-dumping and anti-subsidy taxes on U.S. sales to mitigate potential risks associated with ongoing market reviews.
In contrast, Vietnam Seafood Corporation - JSC (Code: SEA) reported a 35% decrease in after-tax profit, which fell to VND 41 billion due to declining sales revenue from goods, finished products, and services at its subsidiaries.
Cadovimex Seafood Processing and Import-Export JSC (Code: CAD) faced challenges, posting a loss after tax of over VND 7 billion. This marked a continued downturn for the company, which has reported losses since the fourth quarter of 2015. Cadovimex cited a lack of capital for production and is currently reliant on limited revenue from leasing export services and outsourcing, which is insufficient to cover operational costs.
Overall, while many seafood enterprises are experiencing growth, challenges remain for some, underscoring the varied landscape of Vietnam's seafood industry.
(seafood.vasep.com.vn) The year 2026 marks a period of strong growth for Vietnam’s tilapia industry, but it is also a time when international export competition is becoming increasingly intense. Vietnam’s tilapia exports reached USD 99 million in 2025, up 140% compared to the previous year. In the first four months of 2026 alone, export value reached USD 49 million, a 151% increase year-on-year. As global demand for affordable whitefish continues to rise, Vietnam is emerging as a noteworthy competitor to traditional tilapia powerhouses such as China, Indonesia, Brazil, and Egypt.
(seafood.vasep.com.vn) With continued policy support, technological innovation and close coordination among authorities, businesses and farmers, Vietnam’s pangasius industry is expected to make a strong and sustainable breakthrough during the 2026–2030 period, reinforcing its position as the world’s leading exporter of the fish.
(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s tilapia exports to Asian markets showed varying trends across regions and countries. The Middle East recorded strong growth, with Saudi Arabia emerging as the largest Asian market for Vietnamese tilapia. ASEAN markets also expanded significantly, driven primarily by Malaysia. Meanwhile, Japan maintained solid growth, while exports to South Korea declined compared to the same period in 2025.
(seafood.vasep.com.vn) Shrimp and pangasius continued to lead growth, helping seafood exports reach $4.67 billion in the first five months of the year; however, differentiation among product groups and increasingly stringent requirements from importing markets are posing many challenges for the industry.
(seafood.vasep.com.vn) Every day, the seafood processing industry in Ca Mau generates large quantities of shrimp heads and shells during processing operations. In the past, these by-products were largely treated as waste, increasing production costs and posing potential environmental risks. However, thanks to advanced processing technologies, materials once considered waste are now being transformed into high-value products, creating a circular economy model within the seafood industry.
(seafood.vasep.com.vn) Vietnam Clean Seafood Corporation has invested in a 280-hectare super-intensive shrimp farming zone in Tran De Commune, Can Tho City, generating export value of approximately VND 3 billion per hectare per year—around 50 times higher than traditional agricultural production.
(vasep.com.vn) Vietnam’s seafood exports reached USD 1.02 billion in May 2026, up 0.6% year-on-year. Cumulative exports in the first five months of 2026 totaled USD 4.67 billion, an increase of 11% compared to the same period in 2025.
(seafood.vasep.com.vn) In a rapidly changing global seafood market, timely insights and reliable data are more critical than ever. The Report on Vietnam Seafood Exports in Q1/2026 provides a comprehensive overview of the latest developments in Vietnam’s seafood production, trade performance, and export trends, helping businesses navigate uncertainty and identify new growth opportunities.
(seafood.vasep.com.vn) While many major markets continue to experience slow growth, Russia has emerged as a brighter destination for Vietnamese tuna exports in early 2026. Export turnover to this market increased by nearly 55% in the first four months of the year, indicating a clear improvement in demand. Nevertheless, Russia remains a market that should be viewed with both optimism and caution.
(seafood.vasep.com.vn) Vietnam’s pangasius exports have shown encouraging signs of recovery in 2026. In the first four months of the year, total export turnover reached USD 720 million, up 17% compared to the same period last year. This result reflects improving demand across many markets, as well as the efforts of Vietnamese pangasius enterprises to maintain production, secure orders, and adapt to changing market conditions.
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