Minh Phú Establishes Subsidiary in Australia

On September 22, the Board of Directors of Minh Phu Seafood Corporation (UPCoM: MPC) approved the establishment of a subsidiary in Australia, MP Seafood Australia Pty Ltd, with a registered capital of $100,000 USD (over 2.6 billion VND). Minh Phu will hold 100% of the subsidiary's equity.

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MP Seafood Australia is headquartered at Unit 606, 11 Fishburn Crescent, Castle Hill, NSW 2154, Australia. Mr. Phan Vinh Hien, former Investment Director of Minh Phu, has been appointed as the company’s Director.

Minh Phu’s Key Export Markets

Source: MPC

As of June 30, 2025, MPC operates 16 subsidiaries across various sectors, including aquaculture, port operations, supply chain management, breeding, biological products, and seafood. Among these, foreign entities such as Mseafood Corporation (USA) and Ebisumo Logistic (Japan) support exports to key markets, including the United States, Japan, Australia, New Zealand, Europe, Canada, South Korea, and China.

MPC’s Business Results Over the Past Six Months

In terms of business performance, during the first half of 2025, Minh Phu reported net revenue of 6.468 trillion VND, nearly flat compared to the same period last year. However, net profit reached over 173 billion VND, a 4.3-fold increase.

Compared to the 2025 target of 997 billion VND in after-tax profit, the company has achieved 18% of its goal. Minh Phu attributes the profit growth primarily to the increased production and sales of value-added products, which have improved gross profit margins.

Khang Di

– 11:20 24/09/2025

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