Entering 2025, the company aims for growth driven by positive global economic signals and easing geopolitical tensions, which are expected to boost consumer purchasing power. IDI remains optimistic about Vietnam’s pangasius sector retaining its strong market position, thanks to its competitive pricing and high nutritional value.
For 2025, IDI has set a target of VND 8 trillion in net revenue and VND 170 billion in post-tax profit. The company will also accelerate investments in an integrated seafood production chain, fast-track the construction of the U.S. Seafood Processing Plant and the Sao Mai High-Tech Aquaculture Breeding Center, and expand exports to North America, Europe, and East Asia.
In 2024, IDI's business performance showed no significant recovery. The company reported a consolidated net revenue of VND 7.136 trillion, marking a 1.1% decline from 2023, while post-tax profit reached VND 72.6 billion, slightly down from VND 73.3 billion in the previous year. IDI fell short of its 2024 targets of VND 8.499 trillion in net revenue and VND 276 billion in post-tax profit.
Although the 2025 targets are lower than the initial 2024 plan, achieving them would represent a 12% increase in revenue and a 134% surge in profit compared to actual 2024 results.
The Board of Directors has proposed retaining 2024 profits for reinvestment and working capital, opting not to distribute dividends to ensure financial stability and prevent stock dilution.
Navico, or Nam Viet Joint Stock Company, stands as one of Vietnam's pioneering enterprises in the farming, processing, and export of aquatic products, particularly pangasius (catfish). Established in 2000 in An Giang Province – the largest aquaculture hub in the Mekong Delta – Navico has solidified its position in the international market through superior product quality and a commitment to sustainable development. On April 4, 2025, Navico signed a green trade credit agreement with United Overseas Bank (Vietnam) (UOB Vietnam), marking a significant milestone in its journey toward green transformation.
According to the Board of Directors' report, IDI successfully maintained its traditional customer base in 2024 while expanding into high-potential markets, particularly the United States, benefiting from a significant reduction in anti-dumping duties.
Recently, Vietnam's La Vong fish cake was ranked number 1 in the list of the world's best white fish dishes by the world-famous culinary website Taste Atlas.
Currently, many households in the suburbs of Ca Mau City are implementing a fairly effective pangasius farming model, bringing in a stable source of income. Unlike the industrial scale in other provinces in the region, the pangasius farming model here is quite simple, low-cost, and is considered a promising direction for farmers.
Over 200,000 ha of Vietnam's shrimp farms are cultivated organically and ecologically, certified by international organizations.
Vĩnh Hoàn Corporation (stock code: VHC – HoSE) has outlined an ambitious business plan for 2025, targeting revenue of VND 13,800 billion (up 10.3% from 2024) and after-tax profit of VND 1,500 billion (up 22.3%). This follows a successful 2024, where the company recorded revenue of VND 12,513 billion (exceeding 109% of the plan) and after-tax profit of VND 1,226 billion (surpassing 123% of the VND 1,000 billion profit target). The 2025 Annual General Meeting of Shareholders is scheduled for April 24 in Ho Chi Minh City to discuss these plans.
Sa Giang Import-Export Corporation continues to assert its position as one of the leading export enterprises in Đồng Tháp, achieving a revenue of thousands of billions of VND from shrimp crackers and rice paper in the past year.
(seafood.vasep.com.vn) After three years of implementation, the UK-Vietnam Free Trade Agreement (UKVFTA) has yielded positive results for Vietnam’s tuna exports. The United Kingdom officially became a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on December 15, 2024. This is expected to bring significant benefits for seafood enterprises, particularly in terms of tariffs and intra-bloc origin regulations - especially for tuna products.
On March 3, Sa Giang and Citek officially launched a comprehensive enterprise digital transformation project using the GROW with SAP solution.
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