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) In 2025, Vietnam’s tuna exports to Spain increased by 13% compared to 2024. This growth trend has continued into the first two months of 2026. According to Vietnam Customs statistics, export turnover to this market reached nearly USD 3 million in January–February 2026, up 101% year-on-year and significantly higher than the same period in 2024. This development indicates that Spain is once again becoming a notable destination for Vietnamese tuna amid strong demand for tuna raw materials and products in Europe.
(seafood.vasep.com.vn) The 2026 brackish water shrimp farming season in the Mekong Delta has started earlier than usual, mainly driven by positive market signals, as shrimp prices in 2025 remained high and supply was limited. Many enterprises and farms in Cần Thơ, Cà Mau, and Vĩnh Long have proactively stocked early to seize opportunities. By early 2026, stocking areas in many localities had reached a high proportion of planned targets, with intensive and high-tech farming models expanding rapidly.
(vasep.com.vn) Vietnam’s tilapia exports to the United States recorded remarkable growth in 2025, opening up major opportunities while also presenting considerable challenges. The U.S. remains the largest importer of Vietnamese tilapia fillets, with export turnover reaching USD 40 million—an increase of up to 499% compared to 2024. This impressive growth reflects strong demand in the U.S. market, as supply from competing countries such as China has been constrained by tariffs and rising production costs.
(seafood.vasep.com.vn) Pangasius remains a strategic export commodity in Vietnam’s seafood sector. Entering 2026, the industry faces a strong need to transition from volume-based growth to a value-driven development model, with a focus on quality, food safety, and sustainability.
(seafood.vasep.com.vn) Following damage caused by Storm No. 13 in late 2025, brackish water shrimp farming in Gia Lai is being rapidly restored. In key farming areas such as Tuy Phước and Tuy Phước Đông, farmers are focusing on rehabilitating ponds, repairing infrastructure, and treating the environment in preparation for the 2026 crop.
(seafood.vasep.com) Facing the decline in fishery resources, Vietnam is accelerating livelihood transitions for fishermen to reduce fishing pressure and move toward sustainable development. Marine fish stocks have dropped significantly from 4.82 million tons in 2000–2005 to 3.95 million tons in 2016–2020.
(seafood.vasep.com.vn) Vietnam’s shrimp industry is entering a period of strong transformation with the emergence of various high-tech farming models, helping improve productivity and competitiveness. Over the past 5–10 years, farming practices have shifted from traditional methods to intensive and super-intensive systems, featuring lined ponds, environmental sensors, automated feeding, and data management.
(seafood.vasep.com.vn) With a focus on sustainable development, high-tech application, and climate change adaptation, An Giang Province aims to maintain its brackish water shrimp production in 2026 at a level equivalent to the previous year. Specifically, output is projected to reach over 155,510 tons, serving both domestic consumption and export processing, thereby sustaining the fisheries sector’s key role in the local economic structure.
(seafood.vasep.com.vn) In the Mekong Delta, key pangasius farming provinces such as An Giang, Dong Thap, and Can Tho are accelerating the transition toward a circular economy model, contributing to higher product value and reduced environmental impact. Instead of focusing solely on farming and processing, the pangasius value chain is increasingly utilizing by-products and waste streams to generate added value.
(vasep.com.vn) Vietnam’s scallop exports are entering a phase of impressive growth, as the global market undergoes significant restructuring. In 2025, scallop export value reached nearly USD 66 million, up 49% from USD 44 million in 2024. This upward momentum has continued and accelerated into early 2026, with exports totaling USD 18.1 million in the first two months alone—an increase of 166% year-on-year. This represents an exceptionally high growth rate, reflecting the rapid expansion of a relatively new product segment within Vietnam’s mollusk export portfolio.
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