NTSF SEAFOODS JOINT STOCK COMPANY

Established in 2006, NTSF Seafoods Joint Stock Company is a Vietnamese seafood processing company specializing in pangasius products for export markets. From its production base in Thot Not Industrial Park in Can Tho City, the company manufactures frozen pangasius fillets, loins, nuggets, and value added fish products supplied to customers in Asia, Europe, and North and South America. With nearly two decades of operation, NTSF has developed a stable footprint within Vietnam’s aquaculture supply chain.

The company employs approximately 2,100 workers, who support production activities, quality management, cold storage operations, and export logistics. NTSF also operates a branch in An Giang Province, enabling proximity to raw fish supply from major farming regions in the Mekong Delta. In 2023, the company recorded revenue of approximately USD 80.58 million, reflecting solid production output despite fluctuations in global seafood demand.

Leadership and Shareholders

NTSF Seafoods Joint Stock Company is led by Ngo T. K., Chairman and Director. He is responsible for corporate strategy, international market development, production governance, and vertically integrated coordination of the processing chain. Supporting him is Nguyen V. H., Deputy Director, who manages procurement, operations, and commercial execution. Financial activities and statutory compliance are overseen by Tran H. D., Chief Accountant.

The company’s ownership is held primarily by Vietnamese shareholders. Ngo V. I. is the largest shareholder with 46.59 percent. Nha Trang Seaproduct Company owns 14.17 percent, while Huynh L. Q. holds 2.24 percent and Nguyen T. L. owns 0.03 percent. The remaining 36.97 percent is distributed among other shareholders. Charter capital and paid up capital are both USD 25.8 million, reflecting full investment commitment.

Financial Growth and Market Risks

In 2023, NTSF generated revenue of approximately USD 80.58 million, supported by export activity despite lower selling prices and reduced demand from key markets. Total assets increased by more than five percent, while equity rose marginally. Profitability decreased significantly due to price compression, competition from other exporting countries, and increased operational costs. Working capital declined sharply, indicating liquidity pressure caused by rising inventories and longer receivable cycles.

The company faces sector specific risks including global economic uncertainty, trade policy changes, disease outbreaks affecting aquaculture supply, and foreign exchange fluctuations. Logistics costs, food safety regulations, and buyer consolidation in international markets also influence operating conditions. A detailed analysis of liquidity, capital structure, risk exposure, and financial resilience is available in the VNBIS Company Comprehensive Report, which provides a complete evaluation for investors, banks, and commercial partners.

Business Intelligence and Risk Outlook

NTSF benefits from its strategic position in Can Tho City, Vietnam’s core region for pangasius farming and processing. Its integrated processing system, cold storage facilities, and export capacity allow it to maintain stable output and supply chain continuity. As global seafood markets move toward recovery, the company is positioned to support demand through product diversification, enhanced quality assurance, and competitive pricing.

The longer term outlook will depend on the company’s ability to stabilize working capital, improve cost management, and comply with increasingly strict import regulations in major markets. Vietnam’s strong position in the global pangasius trade continues to offer opportunities for exporters with operational scale and established buyer relationships. NTSF’s production base, workforce capability, and regional sourcing advantage support its potential for sustained performance as market conditions normalize.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides a comprehensive range of professional business intelligence solutions to support investors and partners in evaluating NTSF Seafoods Joint Stock Company and its financial and operational standing.

VNBIS services include:

• Company Credit Reports evaluating solvency, liquidity, and financial health
• Risk Management Solutions analyzing market exposure, capital structure, and profitability trends
• Business Verification and Due Diligence Reports confirming ownership, compliance, and governance records

Through these services, VNBIS enables clients to make secure, transparent, and data driven business decisions.