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) Speaking at the Opening Ceremony of VIETFISH 2026 on August 19 at the Saigon Exhibition and Convention Center (SECC), U.S. Consul General Melissa Brown highlighted the important role of the exhibition in connecting Vietnam’s growing seafood industry with buyers, suppliers, and partners from the United States and around the world.
(vasep.com.vn) Tomorrow, August 19, 2026, the Vietnam International Seafood Exhibition – Vietfish 2026 will officially open at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. Taking place over three days, from August 19–21, Vietfish 2026 promises to provide a dynamic platform for business networking, trend updates, product experiences and comprehensive cooperation across the domestic and international seafood community.
(vasep.com.vn) The global tilapia market continues to grow, creating significant opportunities for countries with strengths in aquaculture, processing, and exports. Against this backdrop, Vietnam’s tilapia industry is gradually developing toward higher quality, greater product diversification, and broader market reach. At Vietfish 2026, the Vietnam Association of Seafood Exporters and Producers (VASEP), together with the VASEP Tilapia Producers and Exporters Club, will host a joint booth to promote the image and potential of Vietnamese tilapia to domestic and international buyers.
(seafood.vasep.com.vn) Vietnam’s seafood exports are heading towards $12 billion this year, potentially the highest level on record. Yet one of the country’s export strengths is facing a growing list of challenges.
(seafood.vasep.com.vn) The first six months of 2026 indicate that Vietnam’s tilapia industry is entering a new phase of development, with strong export growth but also greater demands for production scale, quality and international competitiveness.
(seafood.vasep.com.vn) Vietfish 2026, the Vietnam International Seafood Exhibition, will officially take place from 19–21 August 2026 in Ho Chi Minh City. As Vietnam’s largest annual seafood trade event, organized by the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietfish 2026 will once again bring together leading seafood companies, industry experts, and international partners from across the global seafood value chain.
(seafood.vasep.com.vn) Vietnam’s seafood exports reached USD 1.1 billion in July 2026, up 4.8% compared to the same period in 2025. Cumulative exports in the first seven months of the year totaled nearly USD 6.86 billion, an increase of 11.5% year-on-year. Exceeding the USD 1 billion mark in July further reinforces the prospect that Vietnam’s seafood exports could surpass USD 12 billion in 2026. However, the July figures also send a clear signal that the most favorable growth period may have passed: overall export growth slowed to just 4.8%, pangasius exports fell 6.1%, tuna exports were virtually flat, while exports to the EU, South Korea, and the Middle East all recorded double-digit declines.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the seminar "Global Seafood Market and the Future Workforce: Trends, Opportunities, and Sustainable Development Pathways for Vietnam's Seafood Industry" will take place from 2:00 p.m. to 4:15 p.m. on August 19, 2026, at Convention Room B, Level 2, SECC, Ho Chi Minh City. This is the first of five specialized seminars at Vietfish 2026, focusing on key issues that are shaping the long-term development of Vietnam's seafood industry.
(seafood.vasep.com.vn) Vietnamese seafood exports recorded impressive growth, generating nearly 6 billion USD in revenue during the first six months of the year, up 13% compared with the same period last year.
(seafood.vasep.com.vn) Fishermen in Ha Tinh are gradually overcoming difficulties to maintain the efficiency of seafood exploitation. In the first six months of 2026, the entire province achieved a production of more than 23,000 tons of seafood, worth more than 1,200 billion VND.
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