MINH PHU HAU GIANG SEAFOOD JOINT STOCK COMPANY

MINH PHU HAU GIANG SEAFOOD JOINT STOCK COMPANY: A Leading Force in Vietnam’s Shrimp Export Industry

MINH PHU HAU GIANG SEAFOOD JOINT STOCK COMPANY (Vietnamese: CÔNG TY CP THỦY SẢN MINH PHÚ - HẬU GIANG) stands out as a pivotal player in Vietnam’s seafood industry, especially in the processing and export of frozen shrimp products. With its registered address at Song Hau Industrial Park - Phase 1, Dong Phu Commune, Chau Thanh District, Hau Giang Province, Vietnam, this joint stock company has been actively operating since December 29, 2006, and is legally recognized under the Tax Code (TIN) 6300033769.

With over 18 years of operation, MINH PHU HAU GIANG SEAFOOD JOINT STOCK COMPANY has grown into a significant employer with a workforce of approximately 6,000 employees. The company is privately held and strategically controlled by its parent company, MINH PHU SEAFOOD JOINT STOCK COMPANY, which holds a 98.27% ownership stake.

Key Management

The leadership team includes some of Vietnam’s most experienced seafood industry professionals:

• Mr. Le Van Quang, Chairman

• Mr. Le Van Diep, General Director

• Mr. Nguyen Van Di, Deputy General Director

Their strategic vision continues to drive the company forward despite recent financial headwinds.

Financial Overview

In 2023, MINH PHU HAU GIANG SEAFOOD JOINT STOCK COMPANY reported:

• Total Assets: USD 166.89 million

• Total Sales: USD 228.72 million

• Profit: USD 4.64 million

• Owner's Equity: USD 76.3 million

• Net Worth: USD 72 million

• Working Capital: USD 32.18 million

These figures show a significant decline in both revenue and profit compared to 2022, with profits falling nearly 78% year-on-year, and sales dropping by over 32%. Despite this, the company maintains a strong equity base and operational resilience in a highly competitive global seafood market.

Business Activities

The core business of MINH PHU HAU GIANG SEAFOOD JOINT STOCK COMPANY revolves around:

• Processing and preserving fisheries and fishery products, especially frozen shrimp for export.

Additional registered activities include:

• Inland aquaculture

• Manufacture of animal and aquaculture feed

• Civil engineering construction

• Real estate trading

• Production of agrochemical products

• Wholesale of machinery and equipment

Conclusion

Despite facing financial challenges in 2023, MINH PHU HAU GIANG SEAFOOD JOINT STOCK COMPANYremains a cornerstone of Vietnam’s shrimp export industry. With an experienced management team, strong operational infrastructure, and a clear focus on core seafood processing, the company is poised for long-term sustainability and potential recovery as global demand stabilizes. It remains one of the most significant contributors to Hau Giang Province’s industrial profile and Vietnam’s broader seafood export economy.