NAVICO (Navico; MCK: ANV) has just announced the Resolution of the Board of Directors on the additional capital contribution to Amicogen Nam Viet Co., Ltd.
The total additional capital contributed to the joint venture company with Nam Viet is 38 billion VND. ANV's capital contribution representative will be Mr. Doan Toi, General Director with 80% of total contributed capital and Mr. Le Minh Tuan with 20% of total contributed capital.
Previously, in March 2020, Amicogen Nam Viet Co Ltd was established with the goal of promoting the joint venture project between Navico and Amicogen. Amicogen Nam Viet Co., Ltd’s head office is located in Can Tho, with a charter capital of 46 billion VND; and Mr. Pham Huu Huong was elected as the director.
At the end of 2021, the company officially started construction of "Collagen peptide and gelatin (C&G) factory" - a joint venture project between Navico and Amicogen in the Thot Not industrial park, Can Tho City.
The factory is built with a capacity of 800 tons of finished collagen and gelatin products per year, according to Korean standards. Accordingly, fresh fish skin costs around 0.5 USD/kg, the price of collagen can reach from 25-40 USD/kg.
The project to extract collagen peptides and gelatin from pangasius skin is part of Nam Viet's large-scale closed-loop production chain. This is also a strategic project in Navico's plan to transform the structure into value-added products.
Extracting collagen from fish skin can make all use of fish and add value of Vietnam's fish products export
Currently, ANV's profit structure includes the following segments: frozen pangasius exports, raw fish farming, aqua feed processing, value-added product processing, by-products and solar power. ANV's management expects the profit of the first phase of the C&G factory to be $1.5 million, contributing 10% of the group's profit.
In terms of business results, the company's net revenue from sales and service provision in the second quarter of 2022 reached VND 1,294 billion, up 20% over the same period last year. In which, revenue mostly came from exports, reaching 900 billion VND. After deducting expenses, Nam Viet reported a profit after tax of more than 240 billion VND , 10 times higher than in the second quarter of 2021.
ANV aims to earn a total revenue of 4,900 billion VND and a profit before tax of 1,000 billion VND in 2022. Thus, with pre-tax profit of 509.9 billion dong accumulating in the first 6 months of the year, the company has completed 51% of the full year profit target.
Notably, recently from July 15 to August 9, Mr. Do Lap Nghiep, Chairman of Navico, matched orders to sell 450,000 shares for personal purposes in the context that the pangasius market was at a plateau compared to the first months of 2022. After completing the transaction, the number of shares that Navico's Chairman holds is only 19,000 shares, equivalent to 0.01%.
At the end of the trading session on August 22, 2022, ANV stock was at 52,000 VND/share, up 0.97% compared to the reference number.
Compiled by Thuy Linh
The Report on Vietnam Seafood Exports in 2024 by the Vietnam Association of Seafood Exporters and Producers (VASEP) was published amid positive developments in the country's seafood industry, marking a successful year with a total export value of USD 10 billion, a 12% increase compared to 2023. This milestone underscores the sustainable growth and exceptional potential of the seafood sector in contributing to the national economy.
(seafood.vasep.com.vn) Vietnam's tuna sector faced numerous challenges in the latter half of 2024. While the year proved memorable, with export turnover reaching nearly USD 1 billion, maintaining this growth trajectory requires renewed impetus for the tuna industry.
With Tet (Lunar New Year) approaching, fishermen along Vietnam's central coast are capitalizing on favourable weather conditions to intensify their fishing efforts, meeting the burgeoning demand for seafood across the nation.
(seafood.vasep.com.vn) Shrimp exports in 2024 reached nearly USD 4 billion, a 14% increase compared to 2023. Reflecting on 2024, the shrimp industry demonstrated resilience and persistent effort in overcoming challenges, solidifying its strong position in exports.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
