Nam Viet

What Nam Viet does

Nam Viet Joint Stock Company (NAVICO) is one of the world's largest vertically integrated pangasius producers and exporters, ranked No. 2 globally with stated capacity to supply approximately one-fifth of global pangasius consumption. Founded in 1993 by Doãn Tới and pivoting from construction into aquaculture in 2000, the company operates a fully closed-loop value chain spanning 20,000 broodstock pairs producing 14 billion fry annually, an aquafeed mill at 800,000 MT/year capacity, ~1,800 hectares of farming land (including a 600-hectare high-tech zone at Bình Phú), and four processing plants with 1,200 MT/day combined capacity. Headquartered in Long Xuyên, An Giang Province, with ~6,300 employees, NAVICO holds nine international certifications (ASC, BAP, GlobalGAP, ISO, HACCP, IFS, BRC, GMP, HALAL) supporting premium B2B exports to 70+ countries across the US, Europe, China, the Middle East, and ASEAN.

Revenue is generated primarily through B2B export sales of frozen pangasius (white/red fillets, skin-on fillets, cut pieces, butterfly-cut, whole fish) and basa under transaction-based pricing negotiated with international seafood importers and distributors. Secondary revenue streams include an 80,000 MT/year tilapia business, value-added processed products (fish cakes, balls, breaded products), and a collagen peptide/gelatin line operated through the AMINAVICO joint venture with South Korea's Amicogen Inc. Go-to-market is enterprise field sales combined with industry exhibitions (VietShrimp, Aquaculture Vietnam) and an active investor-relations program; capital markets access is provided via the HoSE listing under ticker ANV. In 2025, NAVICO posted 6,952 billion VND of net revenue (115% of plan) and 999 billion VND of net profit, with a 2026 revenue target of 7,700 billion VND. Recent strategic moves include the July 2025 partnership with AV09 Comercio Exporter Ltda to enter Brazil and the MERCOSUR region, a January 2026 green finance facility from UOB Vietnam, and the dissolution of non-core fertilizer and real estate subsidiaries.

Name

Nam Viet

Legal name

Công ty Cổ phần Nam Việt

Website

https://navicorp.com.vn

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

251–500 employees

Short description

Nam Viet is a vertically integrated Vietnamese pangasius producer and exporter (world's #2), operating a closed-loop value chain from broodstock and feed to 1,800 ha of farming and four processing plants serving B2B buyers in 70+ countries.

Ownership category

akta.pro rank

Product category

Aquaculture and Seafood Processing

NAICS

Seafood Product Preparation and Packaging (311710), Aquaculture (1125), Seafood Product Preparation and Packaging (31171)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092)

akta.pro primary industry

Fresh & Frozen Seafood Fillets (Portioned, Skinless/Boneless) (AFANALAA)

akta.pro secondary industries

Frozen Meat, Poultry & Seafood Manufacturing (AFAKACAG), Recirculating Aquaculture Systems (RAS) & Land-Based Farming (AFAEAAAG), Ready-to-Eat Seafood (Cooked Shrimp, Crab, Lobster, Surimi) (AFANALAC)

Keywords

• Pangasius processing
• Aquaculture exports
• Frozen seafood products
• Fillet manufacturing
• Value-added fish products

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Pangasius (tra/basa) export: Primary revenue stream from processing and exporting frozen pangasius products including fillets, whole fish, and value-added products. Main export markets include US, Europe, China, Middle East, and ASEAN countries. Stocked on HoSE under ticker ANV.
2. Tilapia products: Growing revenue stream from tilapia farming and processing, with 80,000 MT annual harvest capacity. Strategic expansion product line.
3. Value-added products: Processed products including fish cakes, fish balls, breaded fish, and collagen peptide/gelatin from by-products. Processing plant for collagen and gelatin operational in Can Tho industrial zone.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Nam Viet (NAVICO) is a vertically integrated aquaculture company that produces and exports frozen pangasius (tra/basa) and tilapia products worldwide. The company operates a closed-loop value chain from fish seed production (14 billion fry/year from 20,000 broodstock pairs), aquafeed manufacturing (800,000 MT/year capacity), high-tech farming (600 ha Binh Phu zone), to four processing plants (1,200 MT/day capacity). Products include white/red fillets, whole fish, fish cakes, fish balls, and value-added items, exported to 70+ countries.

Product overview

Nam Viet (NAVICO) is a vertically integrated aquaculture and seafood processing company operating a closed-loop value chain from fish seed production, feed manufacturing, high-tech farming, processing, to export. The company offers frozen whole fish (Cá Tra/Pangasius and Cá Basa/Basa), processed value-added fish products (fish balls, battered fish products, fish sausages), and byproduct processing including fish oil and fishmeal. The product portfolio centers on pangasius/basa as the core offering, with value-added processed products as growth modules.

Differentiator

Problem solved

Functional benefit

Products and services

• Cá Tra (Pangasius) Fresh frozen pangasius (tra) fish products including white fillet, red fillet, skin-on fillet, cut pieces, butterfly-cut, and whole fish, processed from the company's controlled aquaculture farms. Targeted at international seafood importers and distributors.
• Cá Basa (Basa) Fresh frozen basa fish products processed in the company's certified facilities for export markets, sold to international B2B seafood buyers.
• Value-Added Products Processed fish cake products including fish balls, battered fish balls, dill fish balls, fish sausage, lemongrass-wrapped fish, and battered pangasius cut pieces. Targeted at retail and foodservice buyers.
• Tilapia Products Farmed and processed tilapia products with 80,000 MT annual harvest capacity from NAVICO's Mekong River farming operations. Sold to international seafood importers and distributors.
• Collagen Peptide and Gelatin Collagen peptide and gelatin products processed from fish by-products through the AMINAVICO joint venture with Korean partner Amicogen Inc. Sold to B2B industrial buyers in cosmetics, nutraceutical, and food industries.

Quantifiable outcome

• Production volume: 14,500 MT raw material monthly with 2026 target of 230,000 MT/year
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core, supporting and secondary.

• AV09 Comercio Exporter Ltda (Brazil)coreChannel Partner/ Reseller/ Distributor · 5 July 2025Strategic partnership signed July 5, 2025 in Brasília, Brazil during Vietnam-Brazil Business Forum witnessed by Prime Minister Pham Minh Chinh. NAVICO is the first Vietnamese company to export pangasius, basa, and tilapia to Brazil through official channels. AV09 is a major food import company in Brazil, serving as gateway to 200+ million consumers in MERCOSUR region (Brazil, Argentina, Paraguay, Uruguay).
• Trường Đại học Cần ThơsupportingStrategic or Co-development Partner · 30 July 2023Comprehensive cooperation agreement in agriculture, aquaculture, processing, and fertilizers signed July 2020. Collaboration on research and development, technology transfer, and workforce training.
• Bách Hóa Xanh (MWG)secondaryChannel Partner/ Reseller/ Distributor · 18 July 2023Partnership signed July 18, 2023 with MWG (Thế Giới Di Động) represented by Bách Hóa Xanh supermarket chain for domestic market expansion. Sustainable development cooperation agreement to bring NAVICO branded seafood products to Vietnamese consumers.
• Amicogen Inc. (South Korea)coreStrategic or Co-development Partner · 1 April 2023Joint venture AMINAVICO established in Thốt Nốt Industrial Zone, Can Tho. Amicogen contributed technology for collagen peptide and gelatin processing from fish by-products. First transaction milestone celebrated in April 2023. NAVICO holds majority stake in the joint venture company.
• Công ty TNHH MTV ĐT & PT NN Hà Nội – XN Bắc HàsupportingStrategic or Co-development Partner · 29 July 2020Agricultural development partnership alongside Can Tho University for expanding organic fertilizer business and sustainable farming practices.

Scale indicators10 records

Recent moves9 records

Expansion highlights7 records

Emerging players

• Aquabounty Technologies: Land-based aquaculture technology company focused on genetically engineered salmon and tilapia. Smaller-scale but represents the high-tech land-based aquaculture category that competes for capital and ESG-aligned buyer mindshare with NAVICO's sustainable pangasius positioning.
• IDEA (International Development Enterprises) Aquaculture Division / Blue Aqua International: Specialist in high-tech, sustainable aquaculture systems and shrimp/fish farming with proprietary technology focus. Comparable to NAVICO's high-tech Bình Phú zone ambitions though smaller in scale and more technology-licensed than commodity-focused.

Direct peers

• Vinh Hoan Corporation: Vietnam's largest pangasius processor and exporter, listed on HoSE (VHC). Direct competitor in frozen pangasius fillets with vertically integrated farming and processing operations targeting the same US and EU B2B buyers.
• Hùng Vương Corporation: Major Vietnamese pangasius producer and exporter with integrated aquaculture and processing operations. Competes head-to-head with NAVICO in pangasius fillets, value-added products, and export channels across Asia, US, and Europe.
• Basaimex / Agifish (An Giang Fisheries): Vietnamese pangasius exporter also headquartered in An Giang Province, providing direct regional competition for raw material supply, processing capacity, and global B2B customers. Operates overlapping farming and processing footprint in the Mekong Delta.
• Minh Phú Seafood Corporation: Vietnam's largest shrimp processor and a growing pangasius producer with similar B2B export model and international certifications. Operates in the same Mekong Delta footprint and serves overlapping seafood importer customers globally.

Broad incumbents

• Thai Union Group: Global seafood incumbent (owner of Chicken of the Sea, Bumble Bee) with broad portfolio across tuna, shrimp, salmon, and value-added seafood. While not pangasius-focused, it competes for the same international B2B buyers and foodservice contracts with a wider product set.
• Charoen Pokphand Foods (CPF): Asia's largest aquaculture and feed conglomerate with vertically integrated aquaculture, feed manufacturing, and seafood processing operations. Overlaps with NAVICO in aquafeed and farmed seafood value chains across multiple Asian markets.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/namvietgr
• LinkedInlinkedin.com/company/namviet-corp

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nam Viet