An Phat Holdings Joint Stock Company (APH) has just given an official announcement on the change of senior position.

Specifically, the BOD of An Phat Holdings officially announced the decision to dismiss Mr. Dinh Xuan Cuong from the CEO of An Phat Holdings from January 27, 2023 based on the resignation letter of Mr. Dinh Xuan Cuong earlier. At the same time, the BOD of An Phat Holdings decided to appoint Mr. Pham Do Huy Cuong to assume the position of CEO from January 27, 2023. 

Mr. Pham Do Huy Cuong has 17 years of working experience in the financial field at large domestic and foreign corporations. Before being appointed to the position of CEO of APH, Mr. Pham Do Huy Cuong was a member of the BOD, Standing Deputy CEO, CFO of An Phat Holdings since 2019. 

Chairman Pham Anh Duong believed that, with extensive experience in finance and administration, the new CEO of APH will lead the Group to fulfill its strategic goals, thereby bringing the best benefits for customers and shareholders. 

After taking on the new position, Mr. Pham Do Huy Cuong emphasized that he will do his best to bring An Phat Holdings to stronger development, “firmly affirm its position as a high-tech plastic corporation and environmentally friendly products in Southeast Asia”, while bringing APH’s “green” products to global customers. 

Chairman of An Phat Holdings also expressed his profound gratitude to Mr. Dinh Xuan Cuong, who ended his 5-year term accompanying APH, for his significant contributions to the Group’s development journey. 

After resigning as CEO, Mr. Dinh Xuan Cuong will take responsibility for running APH’s business in the US – one of the key markets of An Phat Holdings. 

In 2022, despite the difficulties in domestic and global economic situation, An Phat Holdings still recorded quite positive results. In 2023, Industrial Real Estate and Bioplastics segments continue to be top priorities for the Group’s development. 

With nearly 20 years of development, An Phat Holdings has made great achievements in expanding the export market of packaging and green products, becoming one of the leading enterprises in Vietnam in the field of plastic, supporting industry, and industrial real estate.  

On January 13, An Phat Holdings successfully held the Year-End Ceremony 2022 at An Phat Bioplastics in Hai Duong Province, thereby implementing the plan for 2023. Attending the ceremony were Mr. Pham Anh Duong – Chairman of the Group, representatives of the B.O.D, senior managers of subsidiaries and employees of the Group.

2022 marks the 20th anniversary of the establishment of An Phat Holdings. This is an important milestone in the development journey of the Group. From a small-scale thin monolayer film manufacturer, An Phat Holdings has risen to become the leading corporation in the field of advanced technology and environment-friendly plastic production in Southeast Asia.

At the ceremony, on behalf of the B.O.D, Mr. Pham Do Huy Cuong – Standing Deputy CEO, CFO summarized the achievements and business activities in the past year, simultaneously setting out new plans and targets for production and business activities in 2023.

In 2022, despite the difficulties in domestic and global economic situation, the industry group including: Packaging; Engineering plastics and Building material plastics; Raw materials and Chemicals for plastic industry; Industrial Real Estate still recorded quite positive results. This is considered as the premise for these industries to accelerate development in 2023.

At the ceremony, the B.O.D also set out new plans and goals for production and business activities in 2023. Accordingly, Industrial Real Estate and Bioplastics segments continue to be top priorities for the Group’s development.

Speaking at the ceremony, Chairman Pham Anh Duong acknowledged and highly appreciated the achievements attaining in 2022. He affirmed that 2022 was a year full of changes and obstacles for businesses around the world. An Phat Holdings is unexceptional. However, with consistent efforts, most of the Group’s business segments have achieved or even exceeded the set plan. This proves that An Phat Holdings has strong resistance to the complicated and unpredictable impacts of the global economy. The Chairman affirmed that this achievement will be a solid steppingstone for An Phat Holdings to thrive in the future.

Entering the new year, Chairman Pham Anh Duong called on all employees of the Group to strive to accomplish the set goals for the next year. 2023 is determined to be another difficult year due to the global impacts. Hence, the Chairman reminded the whole Group to always be ready and flexibly respond to challenges as well as seize the opportunity.

Acknowledging and appreciating the efforts of subsidiaries in 2022, at the ceremony, representatives of the Group’s B.O.D awarded prizes to 4 company members that have successfully accomplished the 2022 plan, including An Phat Bioplastics JSC, Hanoi Plastics JSC, An Cuong Hi-tech Building Materials JSC and An Trung Industries Co., Ltd.

The year-end ceremony was also a meaningful occasion to honor An Phat People who dedicatedly contributed to the development of An Phat Holdings over the years. At the event, the B.O.D of An Phat Holdings awarded the An Phat Gold Badge to individuals who have the dedication to work for 10 years. Especially, individuals who have contributed innovative ideas to APH’s production and business activities are also honored in this ceremony.

2022 also marks the important milestones of An Phat Holdings in the journey of growing and contributing to the country’s socio-economic development. The Group’s subsidiaries namely An Phat Bioplastics Joint Stock Company and Hanoi Plastics JSC, An Tien Industries Joint Stock Company honorably received the Second-class Labor Medal and the Third-class Labor Medal awarded by the President of the Socialist Republic of Vietnam, along with prestigious awards such as Vietnam Gold Star Award, Vietnam’s Top 100 Brands, Top 500 largest enterprises in Vietnam 2022, Top 50 largest private enterprises in Vietnam in 2022, Export enterprises prestige, Vietnam National Brand 2022, etc.

Some outstanding activities at the ceremony:

Mr. Pham Anh Duong– Chairman of An Phat Holdings spoke at the ceremony

The B.O.D of APH awarded individuals who contributed innovative ideas to the development journey of An Phat Holdings.

The Ministry of Industry and Trade has announced the list of prestigious export enterprises in 2021, based on selection and proposals of relevant agencies. Accordingly, An Phat Holdings has 5 company members that have been voted as prestigious Export Enterprises, making positive contributions to the overall export growth of the country, including: An Phat Bioplastics JSC (HOSE: AAA), An Tien Industries JSC (HOSE: HII), An Thanh Bicsol JSC, An Vinh Packaging JSC, An Cuong Hi-tech Building Materials JSC. This is an impressive achievement when a Group with up to 5 subsidiaries was honored with the prestigious Exporting Enterprise.

The list of reputable exporters is selected based on the criteria prescribed by the Ministry of Industry and Trade on the minimum export turnover, business reputation for foreign customers, and the observance of obligations for the State in the field of customs, tax, environment …

This is the 4th time An Phat Bioplastics and An Tien Industries have been recognized by the Ministry of Industry and Trade as a reputable exporter and the 2nd time An Thanh Bicsol, An Vinh Packaging, An Cuong High-tech Building Material have been selected.

After 20 years of establishment and development, An Phat Holdings has built a synchronous and closed plastic industry ecosystem with 17 member companies throughout Vietnam, stretched from Hai Phong, Hai Duong, Yen Bai to Ho Chi Minh City many countries over the world such as the United States, Singapore, Korea …

The Group’s products have been exported to 70 countries worldwide, including Europe, the United States, the United Arab Emirates, Japan, Korea, Singapore…

On November 2, the Organizing Committee of the Vietnam National Brand Program announced that AnEco compostable bags were awarded as “Vietnam National Brand”. This is the first time in nearly 20 years that biodegradable products have appeared in the ranking of Vietnam Value – the only program of the Vietnamese Government to promote the image and national brand through supporting businesses to evolve their product brands, goods and services. This also marks the great success of An Phat Holdings in developing environmentally friendly product line.

On the evening of November 2, 2022 the announcement ceremony of the 8th Vietnam National Brand Program with the theme “Creating the Future” was taken place in Hanoi. Prime Minister Pham Minh Chinh attended and delivered a speech at the ceremony.

Vietnam Value 2022 marks the first time An Phat Holdings participated in the selection and won the Vietnam’s National Brand. According to the results announced by the Organizing Committee, AnEco compostable bags are recognized as national brand products including food wrap, shopping bags and trash bags.

AnEco has researched and developed since 2013 with the aim of changing consumers’ habits of using traditional plastic products, offering practical solutions to replace single-use plastic ones. As the white pollution crisis has become a global problem, AnEco products contribute to reducing plastic waste.

AnEco is methodically oriented with an obvious strategy focus, in line with the core criteria of Vietnam value program which is “Quality – Innovation, Creativity – Pioneering Competence”.

Accordingly, AnEco products are manufactured based on a strict production process, from 100% compostable materials such as PBAT, PLA, PBS, etc., which are renewable and sustainable. Unlike conventional plastics, AnEco products are capable of completely decomposing into water, CO2 and humus, leaving no microplastics or environmental pollutants.

Especially, AnEco products achieved many prestigious international certificates of biodegradability such as: TCVN 13114, TUV OK Compost HOME, TUV OK Compost INDUSTRIAL, BPI Compostable and DIN Certco Compostable which ensure safety for consumers’ health and make no harm to environment.

Currently, AnEco’s compostable bags are being traded through e-commerce platforms such as: Shopee, Lazada, and are present at many restaurants, hotels and accompanied by prestigious brands of F&B business such as Vinamilk, Pizza 4P’s, etc.

AnEco products are also available in more than 20 countries over the world, “conquering” even the most “fastidious” markets such as the United States, Canada, Japan and many European countries. In particular, An Phat Holdings is currently focusing on promoting the trade of AnEco products in the US market through the Amazon e-commerce platform. AnEco’s sales on Amazon have grown tremendously, sales in the first 7 months of 2022 are 5 times higher than sales in the first year of 2021, expected to be 15-20 times more than 2021 by the end of 2022. Moreover, AnEco was also successfully protected the trademark in the United States, thereby paving the way and creating great opportunities for An Phat Holdings to implement business cooperation projects throughout North America.

The fact that AnEco becomes the first compostable product brand to appear in the ranking of Vietnam’s national brands is the clearest demonstration of the recognition and trust of the domestic market for the eco-friendly products, which are still new and needs a trailblazer like An Phat Holdings to pave the way.

With this recognition, An Phat Holdings will make new progress on the journey towards sustainable development, thereby contributing to the realization of the commitment to achieve net zero emissions by 2050 that the Vietnamese government has made at the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26).

Vietnam Value is the unique and long-term trade promotion program of the Vietnamese government, which is carried out by the Ministry of Industry and Trade in coordination with other ministries and agencies. The program was launched in 2003 with the aim of honoring typical domestic product and business brands, promoting Viet Nam as a country with high-quality goods and services, simultaneously enhancing Vietnamese enterprises’ competitiveness domestically and internationally.

To An Phat Holdings, 2022 marks an essential milestone in the development journey. This year, An Phat Holdings celebrates 20 years of establishment – 20 years of “aspirational footsteps” together towards glory, 20 years of building a solid foundation for realizing dreams of a green future.

From steady business growth

Founded in 2002, having spent two decades of building and developing with relentless efforts, An Phat Holdings has successfully grown from a small factory named Anh Hai Duy to a leading corporation in Southeast Asia in high-tech and environmentally-friendly plastic. We have gradually affirmed its position in the market and achieved outstanding business achievements.

Up to now, An Phat Holdings has become a multi-sector business with 17 subsidiaries operating in the various fields: compostable materials and finished products, packaging, engineering plastics and building materials plastics, precision engineering and molding, raw materials and chemicals for plastic industry, industrial real estate, trade and logistics.

An Phat Holdings’ products have been present in 70 countries and territories such as the United States, Japan, Europe, Korea, Singapore, the United Arab Emirates, Taiwan, Philippines, etc.

Accompanying with domestic industry development and production in supporting industries, An Phat Holdings is one of the few Vietnamese enterprises that seriously invest in this field with more than 50 years of experience. Currently, our group is developing an extensive network of customers with large partners such as Honda, Toyota, Samsung, Piaggio, Brother, LG, Panasonic, etc. Our strategy is to develop high technology to be directly involved in the global supply chain.

As proof of the rapid innovation and creativity, An Phat Holdings and its subsidiaries have continuously recorded positive results such as Vietnam Gold Star Award 2021, Vietnam’s Top 100 typical brands in 2021, Top 500 largest enterprises in Vietnam in 2021, the Top 100 largest private companies in Vietnam in 2021, Top 10 mid-cap listed companies having the most outstanding annual report in 2021, Reliable Exporter, and Corporate Excellence Award 2020 (APEA 2020), etc.

To development of high-quality human resources

“People are an organization’s most valuable asset and the key to it’s success.” Caring for people is always the top priority of An Phat Holdings to build a robust and sustainable business. After 20 years, An Phat Holdings has risen to become a leading enterprise in Southeast Asia with more than 5,000 talents worldwide. It is also 5,000 pieces with their own colours standing next to each other to create a unified, united, solid, and brilliant collective.

Under An Phat Holdings’ roof, the company culture is derived from the word “Human,” always taking human development as the core factor.

Employees here are allowed to work in an environment that helps them maximize their ability through diverse work experiences, challenges, and opportunities to learn from the company’s excellent leaders, forming a comprehensive “ecosystem” full of excitement.

Ready for a prosperous sustainable future

Doing business towards sustainable values ​​and protecting the benefit of human welfare, nature, and society not only in Vietnam but also for the world is the strategic direction of An Phat Holdings.

One small act has the power to make a big change. A compostable bag or wood sawdust straw produced today will also improve the ecosystem in the next 1,000 years. Keeping that belief, the PBAT compostable resins plant project and AnEco compostable product line were invested in research and development to create a superior solution to replace disposable plastic products.

An Phat Holdings is proud to be one of the few enterprises in the world and the first in Vietnam to pioneer in successfully researching, manufacturing and developing compostable materials and finished products that meet the most stringent global standards.

Another outstanding mark of An Phat Holdings is the field of industrial real estate with two projects, An Phat Complex and An Phat 1, both built in the direction of a green ecosystem complex, becoming eco-friendly industrial parks and belonging to the critical economic triangle in the North of Vietnam.

In the journey of growth over the past 20 years, An Phat Holdings has constantly been striving to create a green future to catch up with the world trend in building a sustainable business model according to ESG criteria and contributing to realizing Vietnam’s commitment to the United Nations Climate Change Conference COP26 towards bringing net emissions to zero.

The past two decades will be a springboard for An Phat Holdings, with its steadfast will and right goals, to continue to thrive with the community and society.

20 years of PIONEERING dedication.

20 years of DURABLE development.

20 years of STRONG human resources.

Happy 20^th anniversary, An Phat Holdings!

On July 22, 2022, An Phat Holdings successfully held the Half-year Review Ceremony for the first 6 months of 2022. The ceremony reviewed the outstanding milestones in production and business activities of the Group in the first half of 2022 and called on all employees to stay consistent with planned goals, proactively deal with difficulties and respond to challenges in the upcoming period.

The ceremony was attended by Mr. Pham Anh Duong – Chairman of the Group and representatives of the Board of Directors of APH and member companies and employees of the Group.

2022 marks the 20th anniversary of An Phat Holdings and also the beginning of key projects. To achieve that goal, the Group has accelerated production, business activities and achieved positive results.

In the first 6 months of 2022, An Phat Holdings has achieved remarkable results in terms of revenue and profit. Some fields such as industrial real estate, packaging, engineering plastics and building material plastics have made great strides. The prestige and brand of the Group have been gradually enhanced both domestically and internationally.

Especially, in February 2022, An Phat Holdings organized Ground Breaking Ceremony for the largest green material factory (PBAT Compostable Resin Plant) in Southeast Asia. The event marked a strong transformation of the Group in the revolution of greening production. This is the motivation for all employees of the Group to make more efforts and determination on the journey of green transformation, creating sustainable values.

At the end of March 2022, the export market of An Phat Holdings’ compostable materials received a positive signal when this product line was distributed throughout North America. In other fields such as supporting industry, thin monolayer film, plastic material and trade, industrial real estate, etc also achieved remarkable results.

Speaking at the ceremony, Chairman Pham Anh Duong acknowledged and highly appreciated the Group’s efforts in boosting production and business activities after the pandemic. In addition, Mr. Duong also pointed out issues and difficulties that need to be overcome in the last 6 months of the year.

In the context of economic inflation and political instability in the world along with the current economic situation in Vietnam, Mr. Duong determined that the last 6 months of 2022 will be a period with challenges and opportunities for APH. Therefore, he asked the Board of Directors and all employees to develop a plan that closely adheres to reality, ensuring the completion of targets and tasks in the coming period.

Regarding the direction of the last 6 months of 2022, Mr. Duong emphasized key tasks: flexibly responding to the market, promoting the construction of PBAT Compostable Resin Plant, successfully implementing digital transformation, speeding up the progress of industrial real estate projects, vigorously implementing and replicating An Phat culture, at the same time, perfecting the enterprise management system.

Also at the ceremony, Mr. Dinh Xuan Cuong – Vice Chairman, CEO of An Phat Holdings at the same time remind employees to drastically implement 4 important targets regarding PBAT Compostable Resin Plant, industrial parks, human resource management, and digital transformation besides production and business plans while staying consistent with financial targets and key projects.

At the ceremony, Hanoi Plastics JSC, An Phat Bioplastics JSC, An Tien Industries JSC and An Thanh Bicsol JSC were honored to receive certificates of merit for excellent units with outstanding achievements in production and business activities.

Especially, individuals who have contributed innovative ideas to APH’s production and business activities are also honored in this ceremony.

At the end of the ceremony, the Group’s leaders expressed their confidence in all employees, and at the same time called for the spirit of solidarity, enhanced coordination and unity in actions to create total strength, successfully completing the 2022 plan and the sustainable development strategy in the coming period.

On May 25^th, An Tien Industries (Ticker Symbol: HII) successfully held the Annual General Shareholders’ Meeting 2022. Accordingly, the Annual General Meeting of Shareholders approved target revenue of VND 9,000 billion and dividend rate of 10% face value, among other critical issues.

Regarding business performance in 2021, the complicated development of the COVID-19 pandemic affected business operation of many enterprises, including An Tien Industries. In the context of the pandemic, the Board of Directors (BOD) adjusted business policies to adapt to the current situation.

As a result, An Tien Industries’ revenue reached VND 8,265 billion, increasing by 102,42% compared to 2020, completing 118,07% of the plan, of which, the commercial segment contributed VND 7,024 billion (up 110% over the same period), the production segment contributed 681 billion VND (up 12% over the same period).

Due to the impact of long-lasting outbreak on manufacturing, the production output of CACO3 and filler decreased by 13% over the same period, reaching 90 thousand tons. However, revenue increased thanks to a sharp growth in world plastic material prices in 2021. The profit margin was improved considerably from 3.7% in 2020 to 4.3% for the commercial segment and from 22.8% to 28% in 2021 for the export segment.

In 2021, HII managed to save manufacturing costs. Specifically, the commercial segment applied a new policy of importing goods when there were orders, reducing inventory, along with boosting exports, leading to a sharp increase in profit margin. Consolidated profit after tax earned VND 104 billion, an increase of 96.23% compared to 2020, completing 115.56% of the set plan.

In terms of production and business plans in 2022, An Tien Industries will mainly focus on improving the quality of current products. The firm will promote the development of bioplastic compounds (AnCal Bio). This is the premium raw material used for biodegradable products, with growing demand and good profit margins. To enhance competitiveness, An Tien Industries will focus on researching white colour masterbatch and developing AnCal used for optical-fiber cables.

An Tien Industries will focus on improving the quality and formulation of high-end Ancal raw materials to increase profit margins; expand the market for high-end products and develop export markets that generate high-profit margins.

Besides, HII also aims to ‘Go Green’ through the proposal to increase environmentally friendly products such as AnCal Bio and AnCal PP while optimizing the entire production system: cost of electricity, water, management of 5S system, waste treatment process… In terms of scale, in 2022, HII sets a consumption target of 130,000 tons of CaCO3 powder per month. To optimize the production efficiency of plastic additives and stone powder, An Tien Industries will consider purchasing two more Ancal machines if the output is maximized and the profit margin is maintained.

Moreover, HII sets a goal of improving production and business efficiency by taking two main measures: cost-saving and financial solutions. In particular, HII will optimize manufacturing plant personnel, and continue to search for materials with competitive prices, suitable for each product segmentation. Financial solutions mainly focus on effective cash management, debt control, raw materials inventory and finished goods inventory control.

Specifically, An Tien Industries will actively extend collaboration with domestic and international financial partners this year. HII continues to promote extensive cooperation with large enterprises in the industry that own mines and modern factory systems; enhance the quality assurance of input materials; improve the risk management system; ensure financial safety; well implement internal control through compliance monitoring activities for departments and factories to guarantee effective operations.

In addition, BOD approved the amendment and supplement of the company’s charter, internal regulations on corporate governance, and additional business lines. The meeting also ratified the dismissal request as BOD member of Mrs. Dang Thi Quynh Phuong and appointed Mr. Ngo Van Thu as a new member of BOD.

On 14^th February 2022, the Organizing Board of the Vietnam Gold Star Award announced that An Phat Holdings had won this prestigious award granted by the Vietnam Youth Federation Central Committee and  Viet Nam Young Entrepreneurs’ Association.

The Vietnam Gold Star Award 2021 attracted the participation of hundreds of businesses in many different industries. An Phat Holdings excellently fulfilled strict criteria in terms of revenue, profit, product competitiveness, social contribution activities, etc. to enter the Top 100 typical enterprises of the award.

This is the fifth time An Phat Holdings and its subsidiaries is honored with this award. Along with other major awards such as the National Quality Award, the Asia Pacific Enterprise Awards (APEA), the ASEAN Business Award (ABA), etc. the Vietnam Gold Star Award is conclusive proof of our efforts to become a leading eco-friendly and high-tech plastic enterprise in Southeast Asia. This is also an affirmation of the prestige and brand of An Phat Holdings in the domestic and international markets.

For the fourth time in a row, An Tien Industries Joint Stock Company – a subsidiary of An Phat Holdings is in the FAST500 Ranking – Top 500 fastest growing enterprises in Vietnam, according to the report of Vietnam Report Joint Stock Company (Vietnam Report).

The FAST500 are ranked based on the research results and evaluation of the Compounded Annual Growth Rate (CAGR) in terms of revenue and business performance. In addition, some other criteria such as total assets, total employees, profit after tax and social medial reputation are also used as a supporting factor to determine the size and position of the enterprise in the industry.

According to this year’s ranking, An Tien Industries JSC (Stock Ticker: HII) continues to maintain its top position of the fastest growing enterprises in Vietnam.

As an enterprise specializing in manufacturing ANCAL plastic additives and stone powder, after more than a decade of growth and development, An Tien Industries is currently the second largest plastic additives producer in Vietnam, with 2 modern manufacturing plants in Yen Bai Province. An Tien Industries products are exported to 62 countries and regions around the world. In 2022, An Tien Industries sets a target of net revenue of VND9,000 billion, an increase of 8.9% compared to 2021.