In the Mekong Delta province of Dong Thap, two companies have emerged as formidable players in the export of shrimp-related products, notably shrimp crackers and rice paper. Sa Giang Import Export Joint Stock Company and Bich Chi Food Joint Stock Company have capitalized on international demand, collectively earning over $41.6 million from foreign markets last year. Their success underscores Vietnam’s rising prominence in the global food export sector, particularly within the shrimp industry.

Sa Giang, a subsidiary of Vinh Hoan—the so-called “king of pangasius”—recorded export revenues exceeding $19.5 million, a striking 71% increase from 2023. Bich Chi, meanwhile, achieved export earnings of more than $22.1 million, dwarfing its domestic revenue by nearly three times. These figures reflect not only the companies’ adeptness at tapping global markets but also the enduring appeal of Vietnam’s shrimp-based products.

Sa Giang: Leveraging Brand and Quality

Founded in 1960 and headquartered in Sa Dec, Sa Giang has cultivated a robust reputation over 65 years. Specializing in shrimp chips and rice products—such as noodles, vermicelli, and rice paper—the company benefits from its affiliation with Vinh Hoan, which holds over 76.7% of its capital since 2021. This partnership has enhanced Sa Giang’s ability to trade goods within the group, bolstering its export capabilities.

Last year, Sa Giang’s domestic market contributed nearly $7.8 million, complementing its export haul. The company has recently expanded its portfolio to include sauces and fish sauces, a move that diversifies its offerings. Management credits the brand’s longevity and adherence to international standards—such as HACCP, BRC, ISO 22000, HALAL, FDA, and ASC—for its success in both local and global arenas, where its shrimp crackers enjoy particular renown.

Bich Chi: Expanding Global Footprint

Bich Chi, established in 1966 as a state-owned enterprise, has evolved into a global contender with products distributed across more than 40 countries, including the United States, Korea, and Japan. Its export revenue surged by 28% last year, driven by strategic market development and modest price increases. Management notes that improved sales volumes also lifted net profit by nearly 63%, highlighting the efficacy of its outward-looking approach.

To meet rising demand, Bich Chi is channeling resources into Bich Chi 2, a new factory with a total investment of nearly $7.8 million, of which $3.3 million is financed through a loan from Vietcombank Dong Thap at 6.5% interest over seven years. Set to begin operations in June 2025, this facility will produce shrimp crackers, pho noodles, rice paper, and other items, reinforcing Bich Chi’s capacity to serve international customers.

Financial Performance and Strategic Investments

Both companies exhibit strong financial health, underpinned by their export focus. Sa Giang’s leadership, headed by Chairman Nguyen Van Kiem, has set an after-tax profit target of $3.9 million for the current year, matching 2024’s results.