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
(seafood.vasep.com.vn) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.
(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.
(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.
(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
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