Doan Toi, born in 1954 in Thanh Hoa, currently resides in Long Xuyen Ward, An Giang Province. He serves as the CEO and Vice Chairman of the Board of Directors at Nam Viet Joint Stock Company (Navico – stock code: ANV), ranking among the top 60 wealthiest individuals on the Vietnamese stock market as of late 2025.
Mr. Toi holds 146.61 million ANV shares, representing a 54.98% ownership stake. With a closing price of VND 25,700 per share at the end of 2025, his holdings are valued at over VND 3,768 billion.
Over the past year, his wealth has increased by VND 925 billion, despite being 71 years old.
ANV shares have surged by 34% since early 2024.
In response to market concerns, Mr. Toi reassured shareholders: “The U.S. is a potential export market for our key products, tra fish and tilapia. Nam Viet will focus on expanding existing markets.” He emphasized that the U.S. is not a primary market, with China, the Middle East, Brazil, Asia, and Mexico remaining key focus areas.
To stabilize the stock, he purchased 3 million shares.
In April, after the U.S. announced a 46% tariff on Vietnamese tra fish, ANV shares plummeted for four consecutive sessions.
In November, ANV paid a 10% cash dividend (5% for 2024 and 5% as an advance for 2025). Mr. Toi received VND 146.61 billion from his 146.61 million shares.
In Q3 2025, ANV reported VND 2,000 billion in revenue, up 49% YoY. Pre-tax profit soared 826% to VND 343 billion, with net profit at VND 283 billion, a tenfold increase.
For the first nine months, revenue reached VND 4,833 billion (+36% YoY), with net profit at VND 748 billion, up 18x YoY.
Navico attributed the growth to favorable market conditions.
At the 2025 AGM, ANV set a revenue target of VND 6,200–7,000 billion and pre-tax profit of VND 500 billion. The company has already achieved 71% of its annual profit goal in nine months.
Founded in 2000, Navico is Vietnam’s leading tra and tilapia exporter and the world’s second-largest tra fish producer.
Its subsidiary, Indian Ocean LLC, became Vietnam’s top tilapia exporter in the first eight months of 2025, according to VASEP.
Phu Hung Securities noted that tilapia contributed 21.4% (VND 1,000 billion) to ANV’s 9M 2025 revenue, up from negligible levels in 2024.
“Export orders are booming, and our factories are struggling to keep up,” Mr. Toi revealed in April 2025.
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