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Minh Phu’s Q4 losses widen to $4m as shrimp farms strain profitability

Vietnamese shrimp firm Minh Phu Seafood reported a loss of over VND 100 billion for Q4 2024, nearly a VND 90bn increase compared to the same period last year

By Undercurrent News | Feb. 7, 2025 10:46 GMT
Every year, this six-hectare Minh Phu Seafood farm produces 1,095 kilos of black tiger shrimp using traditional farming methods – although it should be noted that roughly half the farming area consists of mangrove forest.
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Credit: Nata Bene/Shutterstock
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Vietnamese shrimp firm Minh Phu Seafood reported a loss of over VND 100 billion ($4 million) for the fourth quarter of 2024, nearly a VND 90bn increase compared to the same period last year, reports Thoi Bao Taichinh Vietnam.  [...]

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