An Tien Industries’ Annual General Shareholders’ Meeting 2024: Approves target revenue of VND 6,900 billion, profit of VND 93 billion

On May 7, An Tien Industries (Ticker Symbol: HII) successfully held the Annual General Shareholders’ Meeting 2024. Accordingly, the General Shareholders’ Meeting approved target revenue of 6,900 billion VND, profit after tax of 93 billion VND, along with many other critical issues. 

In 2023, An Tien Industries recorded positive business results, successfully completing the goals set by the General Shareholders’ Meeting, in the context of the global economy facing many difficulties, causing a significant impact on businesses. Vietnam plastic industry. 

Accordingly, last year, An Tien Industries recorded consolidated net revenue of VND 7,882 billion, exceeding 31% of the plan. Specifically, revenue from the plastic resin trading segment reached VND 6,875 billion, accounting for 87% of consolidated net revenue. The stone powder and plastic additives production segment recorded revenue of 773 billion VND, an increase of 7% compared to 2022. The service segment recorded revenue of 232 billion VND, a decrease of 58% compared to the same period in 2022 due to transportation prices in 2023 decreasing compared to 2022. 

An Tien Industries successfully held the Annual General Shareholders’ Meeting

The company recorded a profit after tax of VND 80 billion, a sharp increase from a loss of VND 143 billion in 2022 and completed 167% of the plan.  

Regarding the production and business plan for 2024, the General Shareholders’ Meeting approved target revenue of 6,900 billion VND, profit after tax of 93 billion VND. 

In the coming time, An Tien Industries will continue to promote its strengths and enhance its position in all areas of operation. 

The General Shareholders’ Meeting approved target revenue of 6,900 billion VND, profit after tax of 93 billion VND

Regarding business activities, the company will increase sales output to 150,000 tons, prioritize the development of high quality engineering plastic compounds and compounds for the production of environmentally friendly plastic products, and expand the market. export business market, maintaining a stable profit margin in the commercial segment, optimizing customer and market structure, maintaining effective inventory. 

Regarding production, the company will continue to invest in Research and Development of new products, deploy initiatives and improvements in production to improve labor productivity, optimize system operation, and Use raw materials effectively. 

Regarding management, in the coming time, An Tien Industries will continue to improve the risk management system, ensure financial safety, and perform well internal control through compliance monitoring activities. with departments and factories to ensure activities are carried out effectively. 

Thanks to effective business strategies and flexible policies, in the first quarter of 2024, An Tien Industries recorded consolidated revenue of 1,657 billion VND, profit after tax of 31 billion VND, an increase of 12% and 77% respectively compared to the fourth quarter of 2023. With this result, the Company completed 24% of the revenue plan and 33% of the profit plan. 

An Phat Holdings summarizes 2023 and deploys tasks in 2024

On January 19, 2024, An Phat Holdings had a closing ceremony to wrap up the year 2023 and kick off their 2024 plan. The ceremony was attended by Group Chairman Pham Anh Duong, representatives of the Board of Directors, senior managers of subsidiaries, and employees of the Group.

The year 2023 has brought about numerous challenges and changes for businesses, and An Phat Holdings is no exception. Nonetheless, the company has achieved positive results amidst these difficulties through its continuous efforts guided by the motto “Efforts to accelerate – Overcoming all barriers – Reaching for breakthroughs”. As a result, An Phat Holdings has solidified its position as a leader in Southeast Asia’s high-tech and environmentally friendly plastic manufacturing sector.

At the ceremony, CEO Pham Do Huy Cuong summarized the business situation in 2023 and presented the orientation and plans for 2024. He informed that in 2023, An Phat Holdings archived positive results. Following that, in 2024, the Group continued to target 3 goals: growth profit, system upgradation, and new project development.

During the ceremony, Chairman Pham Anh Duong recognized and appreciated the Group’s achievements in 2023, particularly their perseverance in overcoming challenges. The Chairman shared that in 2024, there will be turbulences, the Group must prepare the script to adapt to the new global situation.

Another new year has come, the Chairman wishes the Group to continue to research new projects and products that are effective in the forecasted situation. Besides, the employees also continue to develop excellent dignity in An Phat human.

Also on this occasion, in addition to wise directions and directions, the Group’s Board of Directors awarded rewards to affiliates who completed the 2023 plan to recognize their dedication, including An Phat Bioplastics, An Tien Industries, Real Estate Industrial Park sector, An Cuong Building Materials, Hanoi Plastics.

Representative of Hanoi Plastics, CEO Ngo Van Thu expressed: “We have archived this success thanks to the Group’s BoD creating a mechanism to empower subsidiaries to be autonomous in decisions and unleash creativity. It is also impossible to mention the solidarity, and the dedicated, dynamic team to complete the plan of 2023. In 2024, we believe that under the wise direction of BoD, with the dedication of employees, An Phat Holdings will surely reach the finish line”.

An Phat Holdings also recognized and rewarded its employees for their dedication and innovative contributions. The Group awarded An Phat Gold Badges to those who have worked with them for 10 years and also expressed their gratitude towards individuals who came up with innovative ideas that have positively impacted the Group’s production and business activities.

In 2023, An Phat Holdings made significant progress in the US market by signing memorandums of understanding with US partners. They also deployed commercial services that facilitated trade between the two countries. Additionally, the AnEco product brand was awarded The Polaris – Seller of the Year award. This is the highest award given to honor the most outstanding Vietnamese seller with remarkable activities on Amazon in 2023.

Besides, innovations in management and technological innovations also contribute significantly to the Group’s success. The achieved successes have also shown the immense power of Solidarity and Consensus and this will also be a guideline for the Group to develop stronger in 2024 and the following years.

Some pictures at the closing ceremony:

CEO Pham Do Huy Cuong presented the Group's plan for 2024
CEO Pham Do Huy Cuong presented the Group’s plan for 2024
The Group's Board of Directors awards subsidiaries with outstanding achievements in 2023
The Group’s Board of Directors awards subsidiaries with outstanding achievements in 2023
The Group's Board of Directors awards individuals who contribute innovative ideas to production and business activities
The Group’s Board of Directors awards individuals who contribute innovative ideas to production and business activities
An Phat Holdings honors employees with 10 years of experience working at the Group
An Phat Holdings honors employees with 10 years of experience working at the Group

61,000 kilometers, 1,500 runners attending the race to celebrate An Phat Holdings’ 21st anniversary

On September 24, 2023, at An Phat 1 Industrial Park (Hai Duong), an offline race officially took place, ending a series of running events both online and offline on the occasion of the anniversary of 21 years of establishment of An Phat Holdings. With the theme “Accelerated – Breakthrough – Master the future”, the 21-year race of An Phat Holdings gathered more than 1,500 runners throughout the Group. 

Specifically, with the online format, the 21-day online race recorded the participation of more than 1,000 employees in Vietnam and other countries. The participation of each employee also contributes 100,000 VND/runner to the An Phat fund (minimum 5 km/21 days) to help employees in need. Meanwhile, the offline race took place at An Phat 1 Industrial Park (Hai Duong) have the participation of more than 500 runners, competing at distances of 5, 10, and 15 kilometers. 

61,000 kilometers run, more than 1,500 runners, these are the achievements recorded in the An Phat Holdings’ 21-year race. 

Speaking at the opening ceremony, CEO of An Phat Holdings Pham Do Huy Cuong said: “Through this series of online and offline races, I have seen and appreciated all employees’ spirit of enthusiasm and endeavor to exceed the set target. It can be said that every time we exceed a goal, we step over our limits. Turning 21, I hope that our employees will bring the enthusiastic and vibrant spirit of youth to devote themselves, conquer challenges, and be ready to help An Phat Holdings ‘Accelerated – Breakthrough – Master the future’ in the coming period!”. 

Representatives of BoD of An Phat Holdings awarded the medal to opening the offline race held at An Phat 1 Industrial Park (Hai Duong)

The 21 years of An Phat Holdings race Accelerated – Breakthrough – Master the future” is not only an activity that unites An Phat people but also carries many noble and humane meanings, which aim to promote the spirit, unite, practice strong will and spirit, while contributing practical values to the community. In the new period, An Phat Holdings aims to build a global Vietnamese brand, develop sustainable businesses, and contribute to the community and society. 

Runners competed at the race this morning

After 21 years of establishment and development, An Phat Holdings has left unforgettable remarks in the market, such as becoming Southeast Asia’s largest thin monolayer film producer with many large-scale projects and owning 18 subsidiaries in diversified industries and fields. An Phat Holdings’ products are present in 70 countries and territories, such as the US, Japan, Europe, Korea, Singapore, the Arab Emirates, Taiwan, and the Philippines… Besides production and business activities, An Phat Holdings is also well-known for its CSR activities. 

Other photos at the race this morning: 

An Phat Holdings officially launches fundraising race to celebrate 21st anniversary

Towards the 21st anniversary of establishment (September 27, 2002-September 27, 2023), on the morning of August 30, in Hanoi, An Phat Holdings officially launched “An Phat Holdings Race: Accelerate – Breakthrough – Master the future”, spreading the message of health and healthy life style, bringing values to the community. 

The An Phat Holdings’ Race: Accelerate – Breakthrough – Master the future is organized in the form of online and offline, with the participation of employees from 18 member companies of the Group. This is a meaningful activity to strengthen the spirit of solidarity and cohesion, contributing to improving the production and business efficiency; and at the same time spread to friends, partners and customers the pride of the establishment and development of An Phat Holdings over the past two decades. 

Speaking at the launching ceremony, Mr. Pham Do Huy Cuong, CEO of An Phat Holdings affirmed: “For the first time being organized, I hope that An Phat Holdings’ Race will connect the solidarity and sports spirit of employees while contributing practical values to the community on the occasion of the 21st anniversary of its establishment. Also through this event, I hope that our employees will exercise more to improve endurance and will to conquer bigger goals together, and bring the Group to the new phase of development.” 

Mr. Pham Do Huy Cuong speaking at the launching ceremony

The running theme “Accelerate – Breakthrough – Master the future” is also the goal that An Phat Holdings aims to in the new development phase. That is a strong growth rate, constantly trying to create breakthroughs and build a sustainable future. 

Regarding the online race, it will take place for 21 days, from January 9 – September 21, 2023. With the spirit of solidarity, the participation of each employees will contribute VND 100,000 VND to An Phat Fund which helps employees in need (each athlete must complete minimum 5km in 21 days). The online race can record the results received in all different regions and countries. 

The participation of each employee will contribute VND 100,000 VND to An Phat Fund which helps employees in need

In another hand, the offline race will take place at An Phat 1 Industrial Park (Hai Duong province), from 7:00 am to 10:00 am on Sunday, September 24, 2023, with the participation of a large number of employees of the Group and subsidiaries.  

After the launching ceremony, thousands of employees across the country and abroad began to participate in the competition. 

Some pictures at the launching ceremony: 

An Phat Holdings’ Half-year Review Ceremony: Achieving positive business results

On July 13, An Phat Holdings successfully held half-year review ceremony to summarize business activities in the first 6 months of the year and implement tasks for the last 6 months of the year. Attending the event were representatives of the Group’s Board of Directors, leaders of member companies and group employees.  

The ceremony summed up and evaluated the production and business activities of all An Phat Holding’s member companies in the first 6 months of 2023. Despite being affected by the global economic downturn, An Phat Holdings still strive to complete the set targets. 

Ông Phạm Đỗ Huy Cường – CEO An Phát Holdings trình bày Báo cáo kết quả kinh doanh 6 tháng đầu năm
Mr. Pham Do Huy Cuong, CEO of An Phat Holdings presents the Group’s first 6 months business results report

Speaking at the ceremony, Mr. Pham Do Huy Cuong – CEO of An Phat Holdings reviewed the outstanding results that APH has achieved in the past 6 months. Accordingly, APH has completed the set targets, continuing to affirm the Group’s position and reputation in the market. In which, Packaging and Building Materials Plastics segment, Industrial real estate achieved outstanding results in the first 6 months of the year. Other business segments of the Group such as Chemicals for the plastic industry, Industrial catering services, Engineering plastics, Compostable products, Trade and services etc recorded positive growth. This is a solid premise for the Group to accelerate in the second half of 2023. 

Ms. Nguyen Thi Tien, Standing Deputy CEO of An Phat Holdings presents the report on changes in governance

Recognizing and appreciating the efforts of subsidiaries in the first 6 months of the year, at the ceremony, representatives of the Group’s Board of Directors awarded the business sectors with excellent achievement in the first 6 months of the year. 

Packaging and Building material plastics segment won the best performance award in the first 6 months of the year
Industrial real estate segment won the award for The Efforts in production and business activities in the first 6 months of the year

At the ceremony, the Board of Directors also listened to the sharing of representatives of member companies. Though being affected by the global economic picture, according to representatives of the Group’s segment, in the first half of 2023, production and business activities have gradually recovered, significantly improved compared to 2022. 

Based on the positive results achieved in the first 6 months of the year, the Group’s leadership has set production and business plans and targets in the third quarter, specifically: Maintaining positive growth at member companies, developing new products, new customers and expanding export markets, developing new industrial real estate projects, implementing digital transformation in production and business activities, improving the quality of human resources. 

Entering the second half of 2023, representatives of member companies are confident to soon fulfill the target that has been set at the General Shareholders’ Meeting.

An Tien Industries’ Annual General Shareholders’ Meeting 2023: Approves target revenue of VND 6,000 billion, profit of VND 30 billion

On April 26, An Tien Industries (Ticker Symbol: HII) successfully held the Annual General Shareholders’ Meeting 2023. Accordingly, the Annual General Shareholders’ Meeting approved a target revenue of VND 6,000 billion (255.5 million USD), consolidated profit after tax of VND 30 billion (1.28 million USD), along with many other critical issues. 

In 2022, the global economy faced numerous challenges which led to rampant inflation and economic downturn in many countries. These factors have negative impacts on economic growth, causing difficulties for enterprises, including An Tien Industries JSC. Under these circumstances, the Board of Directors (BOD) has drastic action and effective measures to flexibly adapt to the new situation. 

As a result, An Tien Industries’ revenue in 2022 reached VND 10,665 billion (454.2 million USD), increasing by 29% compared to 2021, completing 119% of the plan, of which, the commercial segment contributed VND 9,386 billion (399.7 million USD), the production segment contributed VND 724 billion (30.8 million USD), the service segment contributed VND 556 billion (23.6 million USD). 

Consolidated gross profit reached VND 233 billion (9.9 million USD), which decreased by 55% compared to 2021 as plastic resin prices fell significantly in the second half of 2022, making the commercial segment less efficient. The gross profit of the production segment reached VND 219 billion (9.3 million USD) (up 15%), the service segment reached VND 25 billion (1.06 million USD) (up 1.8%). Thus, the production and service segments remained stable in 2022. 

An Tien Industries successfully held the Annual General Shareholders’ Meeting

Regarding the production and business plan in 2023, An Tien Industries will continue to promote its strengths and improve its position in all areas of operation.  

Along with the trend in the world to start shifting the consumption of high-tech plastic products to replace conventional plastics, An Tien Industries is oriented to produce high-quality raw materials for the engineering plastics segment of the Group in particular, and the plastic industry in general. Simultaneously, researching and developing products that create sustainable value for the plastic industry and are environmentally friendly. 

In order to meet the growing market demand, HII aims to increase the production scale to 130,000 tons of plastic beads and stone powder and expand the export markets. 

In addition, in order to improve product quality, An Tien Industries will focus on investing in R&D and modern technology, expanding production scale, and producing high-quality compounds for the Group’s engineering plastics factory, and especially producing environmentally friendly plastic products. 

The Annual General Shareholders’ Meeting 2023 approved target revenue of VND 6,000 billion

In particular, HII will foster cooperation with large enterprises in the industry owning mines and modern factory systems, enhance the quality assurance of input materials; improve the risk management system, ensure financial health; implement internal control through compliance monitoring activities for departments and factories to ensure that all activities are carried out effectively. 

In addition to the above issues, BOD also approved the amendment and supplement of the company’s charter, the dismissal Mr. Dinh Xuan Cuong and Mrs. Dang Thi Xue as BOD members, and the appointment of Mr. Nguyen Trung Kien as the new President of BOD. 

AN TIEN INDUSTRIES JSC RECEIVED THE THIRD-CLASS LABOR MEDAL

On March 8, 2023, at the Conference on summarizing the work of emulation and commendation in 2022, deploying tasks and launching the patriotic emulation movement in 2023 organized by Yen Bai Provincial People’s Committee, An Tien Industries Joint Stock Company (Ticker Symbol: HII) was awarded the Third-class Labor Medal from the President. On behalf of the B.O.D, General Director of An Tien Industries Ngo Van Thu received this prestigious award. 

At the ceremony, Mr. Do Duc Huy – Secretary of the Yen Bai Provincial Party Committee, authorized by the President, awarded the Third-class Labor Medal to An Tien Industries – a subsidiary of An Phat Holdings. An Tien Industries is also the only business in Yen Bai province to be awarded the Third-class Labor Medal for its outstanding achievements from 2017 to 2021, contributing to the great career of the Communist Party, the State and the socialist regime. 

An Tien Industries is the only business in Yen Bai province to be awarded the Third-class Labor Medal

Mr. Ngo Van Thu, General Director of An Tien Industries JSCoint Stock Company, shared: “An Tien Industries is always proud to be one of the outstanding enterprises in Yen Bai province, contributing to the socio-economic development of the locality. This noble award serves as a great motivation for An Phat Holdings in general and An Tien Industries in particular to firmly step on the “green growth” journey ahead. 

On behalf of the B.O.D of An Tien Industries, General Director Ngo Van Thu received the Third-class Labor Medal

Established in 2009, An Tien Industries has now risen to become the leading manufacturer of Ancal additives, CaCO3 stone powder in Vietnam. The company’s products not only serve the domestic demands but are also exported throughout more than 50 countries and regions worldwide, gaining trust and high appreciation from customers. 

After more than a decade of establishment and development, the achievements of An Tien Industries in business and social contributions have been recognized by prestigious awards such as: Exporting Enterprise Award; Vietnam Gold Star Award; FAST500 award – Top 500 fastest growing enterprises in Vietnam; along with various Certificates of Merit and Emulation Flags of Governance.  

The U.S. Ambassador to Vietnam: “We highly appreciate An Phat Holdings’ investment into the U.S. market and green growth strategy”

On January 31, in Hai Duong Province, U.S. Ambassador Marc Knapper and the high-ranking diplomatic delegation of the U.S. Embassy visited An Phat Holdings at the headquarters of An Phat Bioplastics JSC – a subsidiary of An Phat Holdings (APH) and the leading corporation in Southeast Asia in the field of manufacturing and exporting high quality monolayer film.

Attending the meeting, on the side of the U.S. Embassy, ​​there were Mr. Marc Knapper –U.S. Ambassador to Vietnam and the high-ranking delegation from the U.S. Embassy. On the side of An Phat Holdings, ​​there were CEO Pham Do Huy Cuong and other senior managers. 

At the meeting, CEO Pham Do Huy Cuong warmly welcomed the Ambassador and the delegation visiting APH on the occasion of Lunar New Year. He also gave a brief introduction about the scale of operation as well as the strength of APH in the manufacture of high-tech plastic products, biodegradable materials and products, supporting industries, and the real estate industry. CEO Pham Do Huy Cuong emphasized the investment projects of the Group in the United States. 

CEO Pham Do Huy Cuong delivered remarks to welcome U.S. Ambassador Marc Knapper and the high-ranking delegation from the U.S. Embassy

Highlighting the Group’s sustainable development mission, CEO Pham Do Huy Cuong said that, since 2015, An Phat Holdings has poured investment into R&D to develop a wide range of compostable products under the brand name of AnEco. These products are fully biodegradable and eco-friendly. Currently, AnEco products have undergone rigorous testing on biodegradability to meet world leading’s certification, including BPI certificate (U.S.A.). 

After more than 20 years of development, APH has built a broad ecosystem with a scale of more than 5,000 employees and 17 member companies spread across Vietnam and many countries around the world including the United States, Singapore, South Korea. Presently, An Phat Holdings is also a reliable partner of large domestic and foreign enterprises. An Phat Holdings long-term partners come from global countries, including the United States. “The United States is determined as our key market. The two-way trade turnover of APH and the U.S. market has increased steadily around 100 million USD in 2021 and 2022 despite the impacts of the Covid-19 pandemic” CEO Pham Do Huy Cuong stated. 

CEO gave a brief introduction about An Phat Holdings’ business activities in the U.S.

At present, APH has trading companies in the U.S. to distribute traditional plastic resins as well as biodegradable resins and products. Remarkably, AnEco is among the top compostable sellers on Amazon e-commerce platform (U.S.A.). In addition, An Phat Holdings’ compostable materials were officially distributed throughout North America in 2022 also marks an important step in the Group’s 10-year business journey in the United States. CEO Pham Do Duy Cuong expected that APH’s business activities in the U.S. market will thrive in the upcoming period. 

Speaking at the meeting, U.S. Ambassador Marc Knapper highly appreciated APH’s business achievements, especially in the U.S market during the past time.

“The turnover of An Phat Holdings and the U.S. reached more than 100 million dollars. This is very significant. We highly appreciate the investment you made in the U.S. and your faith in our market. The opportunities to expand your investment in the U.S. is always welcomed.” Mr. Knapper affirmed. 

The U.S. Ambassador Marc Knapper shared: “We highly appreciate the investment you made in the U.S. and your faith in our market.”

The U.S. Ambassador was also impressed with the AnEco compostable products. He also praised An Phat Holdings for becoming the trailblazer in Vietnam in developing and manufacturing “green” materials and products.

With the strategic AnEco products, An Phat Holdings will certainly make a great contribution to the “Net Zero Emission” goal by 2050, thereby contributing to reducing reliance on fossil fuels in Vietnam. Therefore, Mr. Knapper stated that the sustainable development strategies of An Phat Holdings is the right move, in line with the global sustainability trend. 

U.S. Ambassador Marc Knapper experienced AnEco products

“We are very pleased to support Vietnam to reach Net Zero goal by 2050. I strongly believe that the business field that An Phat Holdings is pursuing will be an area of great potential. It is clearly going to be a key player and help Vietnam to reach the set goal.” Mr. Knapper declared. 

The U.S. Ambassador expected that APH’s business activities will flourish in 2023.  He also affirmed that the U.S. Embassy in Vietnam is willing to support An Phat Holdings to strengthen business activities in the U.S. and North American markets.

At the end of the working session, the senior delegation of the U.S. Embassy took part in the site tour at An Phat Bioplastics, took family photos and planted memorial tree. 

Some outstanding activities at the meeting: 

CEO Pham Do Huy Cuong (on the left side) took Ambassador Marc Knapper (on the right side) to visit An Phat Bioplastics factory
The U.S. Ambassador learnt about AnEco’s production line
U.S. Ambassador Marc Knapper and CEO Pham Do Huy Cuong planted a memorial tree.
U.S. Ambassador Marc Knapper and APH Board of Directors planted a memorial tree.
U.S. Ambassador Marc Knapper and the delegation took family photo together.

The Board of Directors of An Phat Holdings visited and gave New Year greetings to employees at the beginning of the year

On January 27 and 28, in the spring’s joyful ambiance, the B.O.D of An Phat Holdings visited, encouraged and sent New Year’s wishes to all employees of the Group and subsidiaries. The meeting was attended by the new CEO Pham Do Huy Cuong, Standing Deputy CEO Nguyen Thi Tien and Deputy CEO Nguyen Le Thang Long.

This is an annual activity of the B.O.D at the beginning of the year, with the aim of expressing attention and understanding to all employees, thereby showing the spirit of solidarity between the Group’s leaders and personnel.

At the meeting, on behalf of the B.O.D, CEO Pham Do Huy Cuong acknowledged and praised the efforts to overcome difficulties and the achieved results of the units in 2022, thereby making positive contributions to the Group’s success.

Besides, the CEO also encouraged all employees to focus on accomplishing the plans and goals in 2023. Due to the difficulties in the global economic situation in the year ahead, he expected the employees will always uphold the spirit of solidarity.

Especially, CEO Pham Do Huy Cuong emphasized that the B.O.D will always create the most favorable conditions for the company members to perform their assigned tasks well. The new CEO called on all employees to always share difficulties and problems openly, coordinate closely and synchronously to achieve efficiency at work. CEO Pham Do Huy Cuong affirmed that making use of human resource strategy is the key to the Group’s development in the future.

Some outstanding activities at the meeting:

The B.O.D sent New Year wishes to the employees at An Phat Holdings
Standing Deputy CEO Nguyen Thi Tien sent New Year wishes to the employees at An Phat Bioplastics
The B.O.D sent New Year wishes to the employees at An Tien Industries
The B.O.D sent New Year wishes to the employees at An Phat Complex (An Trung, An Vinh Packaging, Anh Cuong, An Phát Catering Services, VMC)
This is an annual activity of the B.O.D at the beginning of the new year, with the aim of expressing attention and understanding to all employees, thereby showing the spirit of solidarity between the Group’s leaders and personnel.
CEO Pham Do Huy Cuong emphasized that the B.O.D will always create the most favorable conditions for the company members to perform their assigned tasks well.

An Phat Holdings appoints new CEO

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 (right) received the decision to appoint the position of CEO from Chairman of the BOD Pham Anh Duong

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 the BOD Pham Anh Duong (left) congratulates Mr. Pham Do Huy Cuong – the new CEO

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.