BSC recently forecast that the business result of Nam Viet Joint Stock Company (Navico, code: ANV) will continue to be positive thanks to good signals in the US and China markets.
BSC forecasts that Nam Viet's 2022 revenue will reach 4,311 billion VND, up 23% compared to 2021 and after-tax profit of 874 billion VND, 5.8 times higher if the assumption comes true.
Specifically, the pangasius segment grows strongly with the average selling price in 2022 reaching 2.9 USD/kg, helping to increase gross profit margin sharply to 35%.
Navico announced its business situation in April with revenue of 433 billion VND, gross profit of 164 billion VND, profit after tax of 116 billion VND.
Accumulated in the first 4 months, the company's revenue reached 1,644 billion VND. Profit after tax is 323 billion VND, reaching 45% of the whole year target. Gross profit margin improved from 19% to 32% after 4 months.
For the US market, Nam Viet is expected to start producing orders in July and officially export to this market in August. Currently, the company is completing its distribution channel in the US, specifically establishing a subsidiary company. Nam Viet sets a target for the US market's turnover to reach 5-7 million USD/month.
As for the Chinese market, pangasius exports to this market increased sharply in the first months of the year.
Compiled by Tra My
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(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
By the end of Q3/2025, Vietnam’s seafood industry recorded a clear recovery as a series of leading companies reported strong profits — some even achieving the highest results in their history. After several quarters struggling with high costs and weakened demand, the latest business results indicate a robust comeback across the industry.
(seafood.vasep.com.vn) On November 12 in Ho Chi Minh City, the Embassy of the Netherlands, in coordination with the Ministry of Agriculture and Environment, organized the Vietnam–Netherlands Business Forum under the theme “Shaping the future of sustainable aquaculture in the Mekong Delta.”
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