Nam Viet Corporation (NAVICO, stock code ANV – HoSE) has released the documents for its 2025 Annual General Meeting of Shareholders, scheduled for June 28.
According to the documents, NAVICO has set a 2025 business targets with revenue projected between VND 6,200 and 7,000 billion and pre-tax profit expected to reach VND 500 billion—both significantly higher than previous years. Compared to 2024’s performance, this year’s profit goal is six times higher.
The company’s leadership stated that Nam Viet Corporation plans to deepen its involvement in the seafood value chain, focusing on enhancing quality and diversifying products, seeking new customers and maintaining strong production and processing capacity.
According to NAVICO’s leadership, the company is the world’s second-largest pangasius producer and exporter with a fully integrated production chain - from fingerling production, feed manufacturing and farming to processing. This includes 250 hectares of traditional farming areas supplying up to 120,000 tons of raw fish annually, and 600 hectares of high-tech farming zones developed since 2018, providing 250,000 tons of raw fish per year.
Additionally, NAVICO operates 10 feed production lines with a capacity of 100 tons of finished product per day, along with 4 processing plants with a combined designed capacity of 1,000 tons of raw material per day.
In Q1 2025, Nam Viet Corporation recorded net revenue of over 1,100 billion VND, up 9% year-on-year. The gross profit margin doubled compared to the same period, exceeding 20%. As a result, pre-tax profit reached 144 billion VND - five times higher than Q1 2024 and the highest quarterly profit in the past 11 quarters.
Compared to its full-year targets, NAVICO has achieved 15.7% of its annual revenue target and 29% of its profit target.
In early April 2025, Mr. Doan Toi – CEO and Vice Chairman of the Board of Nam Viet Seafood – stated that the company could record a profit of around VND 300 billion in the second half of 2025, driven by abundant export orders and production struggling to meet delivery demands. Demand in major markets is showing signs of recovery after a prolonged slowdown, boosting both consumption volume and selling prices.
Regarding potential risks from new U.S. tariff policies, Mr. Doan Toi noted that while the U.S. is a potential market for NAVICO’s pangasius and tilapia products, it is not the company’s primary focus. Instead, Nam Viet Corporation is prioritizing markets such as China, the Middle East, Brazil, Asia and Mexico.
Additionally, the company will focus on diversifying markets, cut unnecessary costs to minimize production expenses and automating production processes.
At the upcoming Annual General Meeting, NAVICO will also propose to shareholders a plan to pay a 2024 cash dividend at a 5% rate and a 2025 cash dividend at a 10% rate.
Acording to Industry & Trade Magazines
(seafood.vasep.com.vn) Vietnam is stepping up efforts to combat illegal fishing, protect marine ecosystems, expand digital monitoring, and develop science-based management to ensure the sea can support communities and the economy for generations to come.
(seafood.vasep.com.vn) The EU remains a critical market for Vietnamese shrimp; however, purchasing demand and import patterns are undergoing notable changes. According to Vietnam Customs data, as of September 15, 2026, Vietnam’s shrimp exports to the EU reached nearly $374 million, down 5% year-over-year and accounting for 10.7% of the country’s total shrimp export value. Meanwhile, the EU’s stotal shrimp imports through July 2026 contracted by 7% in volume, exhibiting divergent trends across Southern Europe, Northwestern Europe and Eastern Europe. These dynamics necessitate that Vietnamese enterprises closely monitor individualized market demand, rather than approaching the EU as a monolithic consumer block.
(seafood.vasep.com.vn) In the first eight months of 2026, Vietnam’s exports of surimi and fish cakes remained relatively stable year-over-year compared to 2025. Following a contraction in the initial months, export performance demonstrated improvement from June onward, peaking in August. However, the recovery has been uneven, characterized by divergent trends across major markets: robust growth was recorded in China, Japan, Malaysia, the United States, and Taiwan, whereas export volumes to South Korea, Indonesia, and select European markets contracted.
(seafood.vasep.com.vn) Pangasius remains one of Dong Thap’s key aquaculture species, with the province focusing on developing an integrated value chain covering seed production, commercial farming, deep processing and by-product utilization. The province is promoting high-tech, circular pangasius farming models featuring reduced water exchange and enhanced biosecurity, aiming to improve production efficiency and strengthen control over raw material quality.
(vasep.com.vn) Vietnam’s seafood exports in September 2026 are estimated at US$1.135 billion, up 11.9% year-on-year, bringing total exports in the first nine months of the year to US$9.103 billion, up 11.4%. Behind this double-digit growth, however, increasingly divergent market trends are emerging: China–Hong Kong and ASEAN posted strong growth, while the U.S., EU and Japan all recorded declines in September.
(vasep.com.vn) In the first eight months of 2026, Brazil became the largest market for Vietnamese tilapia, with export value reaching US$44 million, up 22,142% year-on-year and accounting for 49% of Vietnam’s total tilapia exports. In August alone, exports to Brazil reached US$4 million. However, behind this remarkable growth is a market that is imposing increasingly stringent requirements on imported supplies.
(vasep.com.vn) Vietnam’s tuna exports sustained their upward trajectory in August 2026, though the pace remained modest at just 2%. The month saw divergent trends across key markets: the US maintained its leading position, Japan and Canada improved, Russia surged and the EU continued to experience a steep downturn. These developments suggest that exporters are entering the final months of the year amid a market environment marked by greater uncertainty.
(seafood.vasep.com.vn) Congalsa has acquired the entire charter capital of Lenger Seafood Vietnam, giving it full ownership of the business and its Nam Dinh processing facility.
(seafood.vasep.com.vn) Ninh Binh Province is entering a peak period of action against illegal, unreported and unregulated (IUU) fishing, focusing on thoroughly addressing violations, closely monitoring fishing vessels at ports and preventing vessels from violating regulations and operating illegally in foreign waters ahead of the European Commission’s (EC) upcoming inspection in 2026.
(vasep.com.vn) The application of biotechnology in seed production is increasingly viewed as a strategic imperative to upgrade pangasius fingerling quality, optimize farming efficiency and anchor sustainable industry development.
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