The plan follows a strong recovery in 2025, when Minh Phu recorded VND 584 billion in pre-tax profit, marking a significant turnaround from previous difficult years. However, this is also the third consecutive year that the company has targeted pre-tax profit exceeding VND 1 trillion, after falling short in the previous two years due to the need to clear high-cost inventory accumulated during earlier periods.
Challenges remain substantial as key export markets, particularly the United States, have yet to recover strongly. At the same time, shrimp exporters continue to face pressure from anti-dumping duties. Nevertheless, Minh Phu enjoys a relative advantage as it is less affected by anti-dumping measures than some competitors. In 2025, the United States remained the company’s largest market, generating nearly USD 140 million in revenue, up 33% year-on-year and accounting for more than 25% of its total export turnover.
In addition, Minh Phu is expanding its value-added shrimp product portfolio within the U.S. restaurant and hotel sectors to reduce direct price competition. In the first quarter of 2026, the company reported VND 235 billion in pre-tax profit, nearly six times higher than the same period last year and equivalent to approximately 22% of its full-year target.
Beyond the U.S., Japan remained Minh Phu’s second-largest market in 2025, generating USD 124 million in revenue, up 12%. Exports to China increased by nearly 37%, while domestic sales rose by more than 19% thanks to the expansion of distribution networks. Meanwhile, revenue from Australia–New Zealand, the Russian Federation, and the European Union declined due to higher logistics costs, payment and transportation difficulties, and increasingly stringent technical requirements.
Alongside its business plan, Minh Phu intends to seek shareholder approval for a cash dividend of up to 7.5% for 2025, equivalent to VND 750 per share. For 2026, the company plans to distribute dividends ranging from 30% to 50% after making the required allocations to statutory funds.
(seafood.vasep.com.vn) Vietnamese seafood exports recorded impressive growth, generating nearly 6 billion USD in revenue during the first six months of the year, up 13% compared with the same period last year.
(seafood.vasep.com.vn) Fishermen in Ha Tinh are gradually overcoming difficulties to maintain the efficiency of seafood exploitation. In the first six months of 2026, the entire province achieved a production of more than 23,000 tons of seafood, worth more than 1,200 billion VND.
(seafood.vasep.com.vn) June 2026 brought encouraging signs for Vietnam's tuna exports, with export value rising 20% year-on-year to nearly USD 72 million. However, this increase has yet to offset the prolonged slowdown seen in key markets such as the European Union (EU), where import demand remains weak. The outlook for the second half of the year is expected to become more challenging as freight rates continue to climb.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the Vietnam Association of Seafood Exporters and Producers (VASEP), in collaboration with the Agency for Domestic Market Management and Development under the Ministry of Industry and Trade, will organize the Domestic Seafood Supply–Demand Matching Program on the morning of August 20, 2026, at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City. The program aims to foster direct business connections between Vietnamese seafood producers and processors and domestic distributors, retailers, and foodservice channels.
(seafood.vasep.com.vn) The Cooking Show will be one of the most engaging experiential highlights of Vietfish 2026. Taking place over three days, from August 19–21, 2026, at Hall B1, SECC, Ho Chi Minh City, the event will offer visitors a vibrant culinary space where Vietnamese seafood is showcased through its flavors, stories, and real-life culinary applications.
(seafood.vasep.com.vn) Vietnam's pangasius exports reached USD 205 million in June 2026, up 5% compared with the same month in 2025. Cumulative export value for the first six months of the year totaled USD 1.1 billion, an increase of 12% year-on-year. Growth was primarily driven by strong demand from China and CPTPP markets, while exports to the United States and Brazil continued to decline.
(seafood.vasep.com.vn) In the first six months of 2026, Ha Tinh province continued to implement comprehensive solutions to combat IUU fishing; strictly manage the fishing fleet, control fishing vessels entering and leaving ports, operate vessel tracking devices, trace the origin of seafood, and severely punish violations.
(seafood.vasep.com.vn) Vietnam's tilapia exports reached USD 7 million in June 2026, down 32% compared with the same month in 2025. Nevertheless, thanks to strong growth in the first five months of the year, cumulative tilapia exports in the first half of 2026 totaled USD 69 million, up 67% year on year.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company, a member of the Vietnam Association of Seafood Exporters and Producers (VASEP), has been honored with the "Famous Brand - Competitive Vietnamese Brand 2026" certification at an award ceremony organized by the Vietnam Intellectual Property Association (VIPA).
(seafood.vasep.com.vn) China imported nearly $1.4 billion worth of Vietnamese seafood in the first half of the year, a 40% increase compared to the same period last year, surpassing the US to become the largest export market for the industry.
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