NAVICO (HOSE: ANV) has just released its 2021 annual report and shared its business plan for 2022.
The pangasius producer and exporter aims to continue applying high technologies to be self-sufficient in high-quality pangasius, investing in Collagen and Gelatin production with a capacity of 780 tons/year (expected to be completed and put into use in July 2022).
In addition, the Company also plans to invest in the construction of a 20-storey NAVICO Tower building as a new headquarter and office for lease (The total investment is 450 billion VND) and establish Nam Viet Seafood Processing One Member Limited Liability Company.
NAVICO plans to invest in the production of organic fertilizer from fish manure, with a capacity of 70,000 tons/year and invest in solar power of 650 Mw according to the Power Development Planning VIII.
Moreover, starting from August 2022, the Company will export pangasius products to the US market. According to NAVICO, the exporter will also start implementing real estate projects in 2022.
Therefore, NAVICO sets a target of the total revenue of 4,900 billion VND, up 40% and a pre-tax profit of 720 billion VND, 4.8 times higher than in 2021.
Recently, NAVICO’S Board of Directors has approved a resolution on the capital contribution to Nam Viet Seafood Processing One Member Limited Liability Company.
Specifically, NAVICO will contribute 200 billion VND, accounting for 100% of the charter capital of Nam Viet Seafood Processing. The new company's head office is located at Lot A4, Thot Not Industrial Park, Thoi Thuan Ward, Thot Not District, Can Tho City. This company is expected to operate at a capacity of more than 1,000 tons of feed/day.
Previously, in March 2022, NAVICO also made a move to enter the real estate segment by contributing capital to the newly established Nam Viet Real Estate One Member Company Limited.
Regarding business results in 2021, the business recorded an unsatisfactory business year due to the cost of shipping and transportation "eroding" the profit of the whole year.
In the whole year of 2021, the company's net revenue recorded a slight increase of 0.77% to 3,504 billion VND, but profit after tax decreased by 37% to 127.8 billion VND.
NAVICO’s positive point in the past year is that the company recorded a positive cash flow from business activities of more than 344 billion VND.
In the market, after setting a record peak at 44,400 VND/share on March 28, ANV's stock price currently closed at 41,000 VND on April 14, down 8% from the peak.
Compiled by Phuong Linh
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
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