The Seafood Savior: A Chairman’s Vow to Rescue Shareholders

Chairman of the Board of Seafood Nam Viet (Navico, stock code ANV) has just written a heartfelt letter to shareholders following the US’s decision to impose a 46% tax on Vietnam.

Specifically, on April 2, President Trump officially imposed taxes on a global scale, causing US and global stock markets to plunge, with no signs of stopping yet.

In response to the US imposing a 46% tax on goods from Vietnam, this not only affects businesses exporting to the US but also impacts the entire economy and other industries.

On April 2, the Board of Directors announced that Nam Viet had organized an emergency meeting to come up with countermeasures, specifically:

+ The US is a potential market for the Company at present and in the future, especially for the two main products: tra fish and tilapia;

+ The company will boost the expansion of existing markets that Nam Viet is exporting to;

+ Cut unnecessary costs to reduce production costs to the lowest level, along with automating production stages.

The letter also states that the US is not actually Nam Viet’s key market, with the main markets being China, the Middle East, Brazil, Asia, and Mexico…

However, due to the negative and rapid developments in the stock market, the continuous floor price drop has significantly impacted shareholders. Therefore, today “I decided to enter the field to save the stock,” said Mr. Doan Toi.

He will register to buy 3 million shares on April 9. If the market continues to fall, Mr. Toi emphasized that he would buy more until the stock could no longer fall.

“Rest assured to hold on to the shares, don’t sell them at this time. ANV stock of Vietnam is a very potential stock this year and in the coming years,” the letter reads.

Nam Viet also announced its business results with the following information:

+ Profit in the first quarter of 2025 reached VND 140 billion, triple that of the same period in 2024 (VND 47 billion).

+ Expected profit for the first six months is VND 300 billion, and for the whole of 2025, about VND 500 billion.

+ Expected cash dividend is 10%, including 5% of 2024 and 5% of 2025.

Nam Viet also confidently boasts a plentiful export order book, with production struggling to keep up.

Regarding the price of tra fish raw materials: Tra fish size 1.3kg: VND 33,000/kg; Tra fish size 1kg: VND 31,000/kg. Mr. Toi said that this price brings very high profits, and it has been 4-5 years since such a good unit price appeared.

“On behalf of the Board of Directors of Nam Viet, I would like to share this information with our valued shareholders so that you can rest assured to hold on to ANV shares – a stock rich in potential and strong growth prospects in the coming time,” the letter concludes.