Minh Phu

What Minh Phu does

Minh Phu Seafood Corporation (Công ty Cổ phần Tập đoàn Thủy sản Minh Phú), founded in 1992 and headquartered in Cà Mau, Vietnam, is Vietnam's largest shrimp processor and one of the world's leading shrimp exporters, with operations listed on the Hanoi Stock Exchange (since 2006) and UPCOM (since 2017) under ticker MPC. The company operates a fully vertically integrated supply chain encompassing hatchery production (2 billion post larvae annually at its BAP/Global Gap-certified Minh Phu Aquatic Larves facility in Ninh Thuan), proprietary farming under three models — MP BiO (high-salinity, live-harvest), mangrove ecosystem (50,000 hectares of certified farms), and rice-shrimp integrated — processing at three Vietnamese facilities with combined 91,000 MT annual capacity, and captive cold-chain logistics through Mekong Logistics (50,000 pallets of cold storage).

Minh Phu's product portfolio spans raw/live, cooked/steamed, breaded (including Ebifry and Tempura from the 2024 launch factory), marinated, and dimsum shrimp, marketed under sub-brands MP Bio 5-in-1, UMAMI, IKEJIME, SweetSea Jewels, Shrimp O2, and RubyRich, with the premium CenSea Reserve line launched in January 2026 in collaboration with CenSea. Core differentiating technology includes the Japanese IKEJIME humane stunning method, MP BiO's simulated-natural-environment cultivation, and the Tomota IoT/computer-vision platform built by 51%-owned subsidiary Otanics, which has been adopted across 2,500+ farms and 600 hatcheries in 41 countries.

The company generates revenue through transaction-based B2B sales of processed shrimp products to international food producers, distributors, and retailers across 70+ countries, with direct sales operations in the US (Mseafood Corporation, acquired 2008) and Japan (EBISUMO Logistics), plus domestic Vietnamese sales via Minh Phu Green Food. Distribution is supported by Mekong Logistics, which provides cold storage, port operations, and container yard services. Strategic positioning rests on comprehensive third-party certifications (BAP, ASC, BIO-SUISSE, EU Organic, Global Gap, Seafood Watch Green, BSCI, WCA), a $150M strategic investment from Mitsui Group in 2019, and a forward-looking biotechnology pivot via the 2024 MoU with Shiok Meats to develop cultivated shrimp.

Name

Minh Phu

Legal name

Công ty Cổ phần Tập đoàn Thủy sản Minh Phú

Website

https://minhphu.com

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Minh Phu Seafood Corporation is Vietnam's largest vertically integrated shrimp processor and exporter, operating hatchery, proprietary farming (MP BiO, mangrove, rice-shrimp), 91,000 MT of processing capacity, and direct sales offices in the US and Japan to serve B2B food customers across 70+ countries.

Ownership category

akta.pro rank

Product category

Seafood Processing and Export

NAICS

Seafood Product Preparation and Packaging (31171), Fish and Seafood Merchant Wholesalers (42446), Aquaculture (1125)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092), Agricultural Prod-Livestock & Animal Specialties (200), Canned, Frozen & Preservd Fruit, Veg & Food Specialties (2030)

akta.pro primary industry

Aquaculture Harvest, Processing & Packing (Farmed Finfish/Shellfish; On-Farm Plants) (AFANADAL)

akta.pro secondary industries

Frozen Seafood Meals & Value-Added Seafood (CRADADAG), Seafood Wholesale (Fresh & Frozen) (AFAIADAD), Ready-to-Eat/Ready-to-Heat Seafood Meals (Prepared Foods) (AFANADAI)

Keywords

• Shrimp processing
• Aquaculture production
• Seafood export
• Mangrove farming
• Cold chain logistics

Headquarters

HQ city

Cà Mau

HQ country

Vietnam

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Shrimp Processing and Export: Minh Phu generates revenue primarily through processing and exporting shrimp products globally. The company operates vertically integrated processing facilities in Vietnam with combined annual capacity of 91,000 MT, serving B2B customers including food producers, retailers, and distributors across 70+ countries. Revenue is generated through one-time transaction-based sales of processed shrimp products in various forms (raw, cooked, breaded, seasoned, dimsum).

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Minh Phu Seafood Corporation operates a vertically integrated shrimp supply chain from hatchery through farming (MP BiO, mangrove, and rice-shrimp models) to processing and export, with combined processing capacity of 91,000 MT annually. The company processes shrimp into raw/live, cooked, breaded, seasoned, and dimsum product forms, and exports to food producers, distributors, and retailers across more than 70 countries through dedicated sales offices in the US and Japan and domestic channels in Vietnam.

Product overview

Minh Phu Seafood Corporation is Vietnam's largest shrimp processor and one of the world's leading shrimp exporters with a fully integrated value chain from hatchery to plate. The product portfolio includes multiple sub-brands: Minh Phu Bio 5 in 1 (premium farming technology), UMAMI (advanced sustainable farming), IKEJIME (Japanese humane processing), SweetSea Jewels (high-salinity sweet flavor), RubyRich (vibrant red color), and Shrimp O2 (live transport). Core product lines span raw/live, cooked/steamed, breaded, marinated, and dimsum shrimp products. Signature products include Mangrove Shrimp (mangrove ecosystem farming) and Rice Shrimp (rice-shrimp integrated farming). The company also operates Otanics subsidiary with Tomota digital platform for aquaculture IoT, plus sales subsidiaries (Minh Phu Seafood Export, Minh Phu Green Food, Mseafood USA, EBISUMO Japan), R&D (Minh Phu AquaMekong), and logistics (Mekong Logistics). Products are exported to over 70 countries including US, Japan, Australia, Europe, Canada, South Korea, and China.

Differentiator

Problem solved

Functional benefit

Brands

• Minh Phu Bio 5 in 1: Premium shrimp brand applying breakthrough shrimp farming technology with 5 core values: natural environment simulation, high-salinity seawater farming, live harvesting and transport, IKEJIME stunning, and immediate processing
• Umami
• IKEJIME
• SweetSea Jewels
• Shrimp O2
• RubyRich

Products and services

• Minh Phu Bio 5 in 1

Quantifiable outcome

• 100% free of antibiotic and chemical residue across all products
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature5 records

Partnerships

Five partnerships are on record, tiered flagship, core and minor.

• CenSeaflagshipGTM or Marketing Partner · 1 January 2026Announced collaboration with CenSea on the launch of CenSea Reserve – a premium shrimp line targeting high-end food service and retail markets. Minh Phu provides production expertise while CenSea handles branding and marketing for the premium segment. The result is exceptional texture, clean flavor, and premium shrimp positioned as a differentiated luxury product.
• Shiok MeatscoreStrategic or Co-development Partner · 1 January 2024Minh Phu Seafood signed an MoU with Singapore-based Shiok Meats to research and develop cultivated shrimp and build local R&D capabilities. This collaboration represents a strategic pivot for one of the world's largest seafood exporters toward biotechnology-anchored production, exploring cell-cultured seafood production through bioreactor technology.
• Nha Trang UniversityminorStrategic or Co-development Partner · 1 January 2022Cooperation document signed on May 26, 2022 for training human resources in the seafood industry. Minh Phu supports training costs for 100 students annually in Aquaculture, Seafood Processing Technology, and Biotechnology (from 2024) for 5 consecutive years with total funding of VND 50 billion. Program guarantees 100% employment opportunities for graduates.
• Seafood Watch ProgramcoreStrategic or Co-development Partner · 1 January 2020Minh Phu partners with Monterey Bay Aquarium's Seafood Watch program to support small shrimp farms in Vietnam achieve 'Green' ratings. Over 2,000 farms achieved certification by 2021. This collaboration enhances Vietnam's aquaculture industry sustainability and provides market access to environmentally conscious buyers.
• FPT GroupcoreTechnology or Integration · 1 January 2019Minh Phu signed a contract with FPT Group in 2019 to execute digital transformation initiatives across the company. This partnership supports Minh Phu's technology modernization and operational efficiency improvements throughout the vertically integrated supply chain.

Scale indicators8 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Thai Union Group: Thai Union is one of the world's largest seafood companies and, alongside Minh Phu and CP Foods, controls roughly half of the global shrimp market. Both are vertically integrated shrimp processors/exporters serving global retail and food-service customers with multi-species seafood portfolios.
• Clearwater Seafoods: Clearwater is a Canadian shellfish and seafood harvester/processor with a vertically integrated, sustainably certified, B2B-focused model serving global markets. It is comparable to Minh Phu's sustainability-certification-driven, multi-country export model.
• Maruha Nichiro: Maruha Nichiro is Japan's largest seafood company and a major buyer of Vietnamese shrimp through subsidiaries including EBISUMO-style channels. It is comparable to Minh Phu as a global, multi-species seafood processor with strong Japanese market reach.
• High Liner Foods: High Liner is a North American value-added seafood company (frozen, breaded, prepared shrimp and finfish) supplying retail and food service. It is comparable to Minh Phu's value-added, breaded, and cooked product lines targeted at US retail and food service.
• Pescanova: Pescanova is a vertically integrated Spanish seafood company with shrimp farming and processing operations serving European retail and food service. It is comparable to Minh Phu in farming-to-processing model and global B2B export focus.
• Nippon Suisan Kaisha (Nissui): Nissui is a major Japanese seafood and aquaculture company that, like Minh Phu, supplies processed shrimp, surimi, and value-added seafood products to global food service and retail. Both compete for the premium Japan shrimp-import market.
• Charoen Pokphand Foods (CPF): CP Foods is a Thai aquaculture and processed-food conglomerate that ranks alongside Minh Phu among the top three global shrimp producers. Both operate large-scale vertically integrated shrimp operations targeting export markets in the US, EU, and Asia.

Emerging players

• Shiok Meats: Shiok Meats is a Singapore-based cultivated-seafood company that signed an MoU with Minh Phu in 2024. As a co-development partner on cultivated shrimp, it is comparable as an emerging alternative-protein adjacency to Minh Phu's traditional aquaculture franchise.
• AquaBounty Technologies: AquaBounty is a land-based aquaculture technology company (genetically improved salmon) that overlaps with Minh Phu's Otanics subsidiary in the aquaculture-technology adjacency. Both represent the technology-driven frontier of sustainable aquaculture production.

Others

• Mitsui & Co (strategic investor angle): Mitsui is a Japanese trading house and Minh Phu's anchor strategic investor since 2013/2019. It is included as an ecosystem/financial peer because of its material equity stake, Japanese market access, and involvement in global seafood trading and distribution adjacent to Minh Phu's core business.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@minhphuseafood
• LinkedInlinkedin.com/company/minhphuseafoodcorp

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries14 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Minh Phu