Vietnamese shrimp seed producer Việt Úc rises 40% on UPCoM debut
Việt Úc shares rose 40% on their UPCoM debut on November 9, 2026, giving the company a market value of about VND 3.106 trillion. The shrimp seed producer says it holds about 32% of Vietnam’s domestic market and has annual capacity exceeding 50 billion shrimp.
On November 9, 2026, more than 134.48 million shares of Việt Úc Seafood Joint Stock Company (CTCP Thủy sản Việt Úc) began trading on the UPCoM market under the ticker VUG, with a reference price of VND 16,500 per share. On the first trading day, the share price rose 40% to VND 23,100, giving the company a market value of about VND 3.106 trillion, nearly VND 888 billion above its value at the reference price.
Việt Úc shares began trading on the UPCoM market on November 9, 2026, and rose 40% on their first day.（VietVance）
At the reference price, the company was valued at about VND 2.219 trillion, with a price-to-book ratio of about 0.99. After the share price rose, the ratio reached about 1.38. The company says it holds about 32% of Vietnam’s domestic shrimp seed market and has registered capital of nearly VND 1.345 trillion. It began as a shrimp seed business in Bình Thuận in 2001 and now has subsidiaries spanning Quảng Ninh to Cà Mau, with total annual shrimp seed production capacity exceeding 50 billion.
In the first nine months of 2026, the company recorded consolidated net revenue of nearly VND 931 billion and pre-tax profit of VND 36.4 billion. Its shrimp seed business generated net revenue of VND 789.7 billion, up 3.6% year on year, and gross profit of VND 551.9 billion, up 10.5%, for a gross margin of nearly 70%. Over the same period, consolidated gross profit was VND 490.8 billion, with a gross margin of 52.7%.
As of September 30, 2026, the company had borrowings of about VND 24.9 billion and equity of VND 2.2435 trillion. Cash and short-term investments totaled VND 371.8 billion, nearly 15 times its borrowings.
Việt Úc focuses on shrimp breeding and shrimp seed production, with total annual shrimp seed production capacity exceeding 50 billion.（VietVance）
Việt Úc focuses on shrimp breeding and shrimp seed production. The company says it has continued investing in genetic selection since receiving approval in 2015 to produce third-generation whiteleg shrimp broodstock. In March 2026, it launched VU-S26 shrimp seed developed through its genomics-based breeding program. The company also plans to apply the technology to pangasius, tilapia and black tiger shrimp.
Source: VietVance
