(seafood.vasep.com.vn) According to Vietnam Customs data, in the first8 months of 2025, Vietnam's tilapia exports (including red tilapia) reached over $63 million, a 174% increase compared to the same period last year - the highest level in the past five years.
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The United States is the largest importing market, accounting for about 62% of Vietnam's total tilapia export value. Specifically, tilapia alone generated $52 million, soaring 359% with 70% shipped to the U.S. In contrast, red tilapia exports reached $11 million, down 1% year-on-year with the U.S market comprising about 25% of total value.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the top five tilapia exporting companies in the first eight months include: INDIAN OCEAN CO.,LTD, V Investment and Finance One Member Limited Liability Company, V FINANCIAL AND INVESTMENT MTV LIMITED COMPANY, Nam Viet Corporation (NAVICO), KIM PHAT SEAFOOD IMPORT EXPORT CO.,LTD and NVD SEAFOOD CO.,LTD. Among them, INDIAN OCEAN CO.,LTD with a charter capital of 36 billion VND, leads the pack.
INDIAN OCEAN CO.,LTD is a wholly-owned subsidiary of Nam Viet Corporation (NAVICO - stock code ANV), headquartered in Can Tho City, operating in seafood processing and preservation, fish oil production and fish meal. NAVICO is currently the second-largest pangasius producer and exporter in the world with a system of seven subsidiaries engaged in aquaculture, seafood processing, energy and aquatic feed production.
In the first 6 months of 2025, NAVICO recorded revenue of over 2,832 billion VND, up 28% year-on-year; after-tax profit reached nearly 465 billion VND, 32 times higher than the same period in 2024. Specifically, in Q2/2025, profit hit 333 billion VND - the highest since the company listed on UPCoM in 2017.