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NAVICO

At the Vietnam-Brazil Business Forum held on July 5 in Rio de Janeiro, Prime Minister Pham Minh Chinh called on the business communities of both countries to realize new economic cooperation directions, focusing on three breakthrough areas: agriculture; science, technology, digital transformation and telecommunications; mineral exploration and processing. He emphasized the spirit of "harmonized benefits, shared risks", urging businesses from both sides to translate high-level agreements into concrete actions while promoting market access for each country’s key agricultural products.

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.

(seafood.vasep.com.vn) According to market trends, starting in Q3, importers typically ramp up purchases to prepare for the holiday season and year-end festivities. U.S. consumer spending is expected to recover in the second half of 2024 compared to the same period last year, which could positively impact the value of Vietnam's seafood exports to this market.

(seafood.vasep.com.vn) NAVICO has announced that it has closed the value chain for pangasius fish by ensuring 100% self-sufficiency in feed for aquaculture and raw fish production, creating favorable conditions for a breakthrough in this year's business results.

(seafood.vasep.com.vn) Navico has officially signed a cooperation agreement to consume fish products with the retail chain Bach Hoa Xanh. This move is expected to help Navico increase sales in the domestic market, and help Bach Hoa Xanh diversify its fresh product portfolio.

(seafood.vasep.com.vn) Nam Viet Corporation (Navico) decided to establish Nam Viet Aquaculture Feed processing one member company - An Giang branch in An Giang province with the main business of producing and processing aqua feeds, wholesale of agricultural and forestry products, rice, wheat, etc.

(seafood.vasep.com.vn) BIDV Securities Company (BSC) forecasted that Nam Viet Joint Stock Company (ANV)’s business results in the coming time will continue to be satisfactory thanks to the good signals in the US and China markets.

(seafood.vasep.com.vn) NAVICO will enter the real estate segment and start exporting pangasius products to the US market, which is expected to bring in great revenue and profit for the company.