The leadership of Nam Viet Corporation (stock code AVN) stated that the company’s export orders are abundant, with production struggling to keep up with deliveries amid recovering demand in several major markets.
Nam Viet Corporation (NAVICO, stock code ANV – HoSE) has released the documents for its 2025 Annual General Meeting of Shareholders, scheduled for June 28.
According to the documents, NAVICO has set a 2025 business targets with revenue projected between VND 6,200 and 7,000 billion and pre-tax profit expected to reach VND 500 billion—both significantly higher than previous years. Compared to 2024’s performance, this year’s profit goal is six times higher.
The company’s leadership stated that Nam Viet Corporation plans to deepen its involvement in the seafood value chain, focusing on enhancing quality and diversifying products, seeking new customers and maintaining strong production and processing capacity.
According to NAVICO’s leadership, the company is the world’s second-largest pangasius producer and exporter with a fully integrated production chain - from fingerling production, feed manufacturing and farming to processing. This includes 250 hectares of traditional farming areas supplying up to 120,000 tons of raw fish annually, and 600 hectares of high-tech farming zones developed since 2018, providing 250,000 tons of raw fish per year.
Additionally, NAVICO operates 10 feed production lines with a capacity of 100 tons of finished product per day, along with 4 processing plants with a combined designed capacity of 1,000 tons of raw material per day.
In Q1 2025, Nam Viet Corporation recorded net revenue of over 1,100 billion VND, up 9% year-on-year. The gross profit margin doubled compared to the same period, exceeding 20%. As a result, pre-tax profit reached 144 billion VND - five times higher than Q1 2024 and the highest quarterly profit in the past 11 quarters.
Compared to its full-year targets, NAVICO has achieved 15.7% of its annual revenue target and 29% of its profit target.
In early April 2025, Mr. Doan Toi – CEO and Vice Chairman of the Board of Nam Viet Seafood – stated that the company could record a profit of around VND 300 billion in the second half of 2025, driven by abundant export orders and production struggling to meet delivery demands. Demand in major markets is showing signs of recovery after a prolonged slowdown, boosting both consumption volume and selling prices.
Regarding potential risks from new U.S. tariff policies, Mr. Doan Toi noted that while the U.S. is a potential market for NAVICO’s pangasius and tilapia products, it is not the company’s primary focus. Instead, Nam Viet Corporation is prioritizing markets such as China, the Middle East, Brazil, Asia and Mexico.
Additionally, the company will focus on diversifying markets, cut unnecessary costs to minimize production expenses and automating production processes.
At the upcoming Annual General Meeting, NAVICO will also propose to shareholders a plan to pay a 2024 cash dividend at a 5% rate and a 2025 cash dividend at a 10% rate.
Acording to Industry & Trade Magazines