General Director of An Phat Complex received the Typical Entrepreneur Award

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21
Dec
On December 20th afternoon, at Hai Phong City Convention Center, the Forum “Enterprises with the development orientation toward the Northern key economic region” took place. The forum was co-organized by the Business Forum Newspaper and Hai Phong Department of Planning and Investment, Trade Promotion Centers of some provinces and cities of the Northern key economic region, orienting enterprises in Northern investment activities, contributing to the regional economic development.
There were leaders of provinces and cities in the Northern key economic region, representatives of Vietnam Chamber of Commerce and Industry – VCCI and typical businesses in provinces and cities attending the forum.
An Phat High-tech Industrial Park Limited Company, a member of An Phat Holdings, is a typical representative of Hai Duong province participating in this year’s forum.
Especially, in the framework of the event, Mr. Pham Van Tuan, General Director of An Phat High-tech Industrial Park Limited Company was also honored to receive the Typical Entrepreneur Award in 2019 for great contributions to the development of the Northern key economic region.

Photo: An Phat Complex

An Phat Complex, formerly known as Viet Hoa Industrial Park – Kenmark, was abandoned over 10 years. This industrial park was acquired by An Phat Holdings, and with the appropriate investment and management, An Phat Complex has truly reinvigorated with speedy changes in appearance and production facilities.
An Phat Holdings will plan An Phat Complex into a high-tech industrial complex, creating favorable investment conditions for businesses with a one-stop mechanism. An Phat Complex manpower is experienced in developing and supporting legal procedures during the project implementation process and providing other supportive services such as administrative procedures, security system, worker dormitories, industrial catering, logistics ….
Besides, the closed industrial ecosystem at An Phat Complex enables investors to save related costs and open up many other cooperation opportunities.
Currently, An Phat Complex is not only a production site of member companies but also attracts domestic and foreign investors. This is one of the bright spots in the economic development in Hai Duong province in 2019.
Some photos at the event:

An Phat Holdings and Kuehne + Nagel signed a Memorandum of Understanding on the strategic cooperation in the field of logistics services

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17
Dec

On December 17, 2019, An Phat Holdings Group and Kuehne + Nagel Co., Ltd. signed a Memorandum of Understanding (MOU) on the strategic cooperation in the field of logistics services.

Accordingly, An Phat Holdings decided to choose Kuehne + Nagel as a strategic partner to provide all logistics services to its subsidiaries, through An Tin An Tin Inter- Transport Joint Stock Company (a subsidiary of An Phat Holdings).

Specifically, subsidiaries of An Phat Holdings, including: An Phat Bioplastics Joint Stock Company (AAA), An Tien Industries Joint Stock Company (HII), An Vinh Plastic Packaging Joint Stock Company (AVP ), An Cuong Building Materials Joint Stock Company (ACP), An Thanh Bicsol Singapore Ltd. (ATS) will use Kuehne + Nagel’s logistics services, via An Tin An Tin Inter- Transport Joint Stock Company from January 01, 2020.

This is an important step in promoting the circular economy development of An Phat Holdings.
Some photos of the event:

An Tien football Cup was a great success

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06
Dec

Through 2 rounds of intense and strong competition taking place from November 24 to December 01, the seven teams competing in An Tien Cup 2019 had impressive matches, making a great impression on thousands of fans.
07 teams included: Nhân Văn, Dao Cắt, Kỹ Thuật, Quả Cảm, Đập Đá, SaCom, Đầu Hình.
This year’s An Tien Cup belongs to Nhân Văn team (a combination of HCNS – ANAT – CNSX – KHSX).
Congratulations to the champion team and many thanks to 07 teams for giving An Tien Cup fans a season with vivid and memorable moments.

 

AAA won the Outstanding Progress Report – The voting of listed enterprises in 2019

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An Phat Xanh Bioplastics (stock code: AAA) has just won the Outstanding Progress Report Award in the category of Sustainable Development Report in the voting of listed enterprises in 2019.

On November 27, An Phat Bioplastics (HOSE: AAA) – belonging to An Phat Holdings – has just been awarded the Outstanding Progress Report Award, in the category of Sustainable Development Report. The award was organized by Ho Chi Minh Stock Exchange (HOSE), Hanoi Stock Exchange (HNX) and the Securities Investment Newspaper.

Ms. Nguyen Thi Tien, Deputy General Director of Internal Affairs of An Phat Holdings, representative of AAA, received the award

This award was voted by the panel of experts from the International Finance Corporation (IFC) and the Association of Certified Public Accountants of England (ACCA).

Sharing about the award, AAA representative said that in the context of the globally changing investment activities, investors are increasingly interested in the sustainable business development, requiring businesses to publish information more clearly, transparently and fully.

Therefore, to attract new resources for growth, listed enterprises not only need to do well in financial statements, but also have to show their activities more fully through non-financial information in the Sustainable Development Report or Corporate Governance Report …

Notably, this is the first year AAA has made an independent sustainability report and it is also the first year AAA has been awarded The Outstanding Progress Report Award in the category of Sustainable Development Report in the voting of listed enterprises in 2019.

“This award is a token of recognition of our effort to ensure transparent and complete disclosure of information according to the international standards. Winning The Outstanding Progress Report Award in the first year as an independent sustainability report also demonstrates the effort of AAA leaders and An Phat Holdings in realizing the development orientation of a green and sustainable enterprise,”said Mr. Nguyen Le Trung, General Director of AAA.

AAA’s products tend to diversify as we expand research, development and production of fully biodegradable, environmentally friendly, biodegradable products meeting the international standards. In addition, agricultural films, fishing nets which are made from bio compostable materials have also been successfully researched and produced, bringing green solutions for the agriculture and fishery industry. An Phat Holdings has now established business relationships with more than 50 countries worldwide.

An Tien Industries co-organized a conference on policy dialogue on social insurance and health insurance at the southern industrial zone in Yen Bai province

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27
Nov

On November 27, An Tien Industries Joint Stock Company cooperated with Yen Bai Social Insurance and Yen Bai Industrial Zone Management Board to successfully organize a conference on policy dialogue on social insurance and health insurance at the southern industrial zone in Yen Bai province.

With An Tien Industries, employees are always the center of business development. Therefore, taking care of the lives of employees and especially well implementing the provisions of the law on social insurance, health insurance and unemployment insurance policies has always been the essential goal that An Tien Industries paying special attention to.

Implementing policies for employees, An Tien Industries has always complied with the law, especially policies for social insurance. Employees who start working at the company are obligated to sign labor contracts and register for social insurance, social insurance and unemployment insurance in accordance with the deduction rates prescribed by law.

On the other hand, for many employees without wanting to pay social insurance, the company representatives will explain clearly benefits and duties of participating in social insurance contribution.
An Tien Industries also regularly cooperates with the management agency in charge of social insurance to solve related problems timely, ensuring the rights and benefits of employees.

Signing a long-term contract with a new partner, An Phat Complex has reached over 65% of the area for rent

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10
Nov
On November 20, 2019, the signing ceremony of a workshop lease agreement between An Phat High-Tech Industrial Park Co., Ltd. (An Phat Complex) and Shenzhen MTC Co., Ltd. (MTC Shenzen) took place at the An Phat Complex’s headquarters. An Phat Bioplastics Joint Stock (Lot CN11 + CN12, An Dong Industrial Cluster, Nam Sach town, Nam Sach district, Hai Duong province).
The participants included representatives of local authorities Mr. Pham Minh Phuong – Head of Hai Duong Industrial Zones Management Board, Mr. Bach Dang Vinh – Head of Hai Duong Customs Department.
On behalf of An Phat Holdings (the parent company of An Phat Complex), Mr. Nguyen Le Trung – Vice Chairman oand Mr. Pham Hoang Viet – Vice Chairman and Board of Directors of subsidiaries attended the event.
On behalf of MTC Shenzen, Mr. He Shengbin – Sales General Director; Mr. Lan Yanyuan – General Director of MTC Vietnam, along with many other representatives participated in the ceremony.

In addition, Ms. Dang Thi Hai – Director of Vietnam Joint Stock Commercial Bank for Industry and Trade joined the event.
Accordingly, MTC Shenzen will rent An Phat Complex’s workshop for 6 years and an another additional one year contract extension. The two parties will accelerate the workshop renovation, expectedly handling over the project in December 2019.

An Phat Complex’s new partner is Shenzhen MTC Co., Ltd. (MTC Shenzen), which is an enterprise specializing in designing, developing, manufacturing and selling electrical – electronic products such as LCD TVs, set-top boxes, LED products, networking devices, internet entertainment gadgets and other related products.
With the cooperation with MTC Shenzen, An Phat Complex has increased its ndustrial leasing rate by more than 65%.
The signing ceremony marked the successful cooperation between the two parties after more than one month of negotiation. Previously, there were some working sessions between An Phat Complex and MTC Shenzen in China and Vietnam. The Investment Promotion Department of An Phat Complex has proactively provided to MTC Shenzen with necessary information to meet their requirements of construction, logistics etc, or finding rental houses for professionals.

Before MTC Shenzen, An Phat Complex was chosen by customers from the United States and Hong Kong. An Phat Complex is expected to reach 100% occupancy by 2020.
An Phat Complex is also planning to invest another industrial park in Hai Duong, named Quoc Tuan An Binh. This is an industrial park in Nam Sach district, Hai Duong province, located adjacent to the west of Highway 37 at Km69, belonging to the administrative boundaries of 3 communes Quoc Tuan, An Binh and An Lam of Nam Sach district.
The first phase of Quoc Tuan An Binh Project is expected to exploit 180 hectares and be completed by the end of 2020.

Find good plastic products: AAA ‘assets’ are interested in by investors

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The price of input plastic beads on the trend of falling oil price is a supporting factor for the profits of enterprises in the plastic industry. The position of enterprises will be better than the period of 2017 – 2018. Seizing this opportunity well , along with a sustainable growth strategy throughout, An Phat Bioplastics JSC (AAA) is becoming an “asset” of investors’ interest.

Positive business results

In the third quarter of 2019, AAA’s business results grew sharply over the same period last year. Specifically, net revenue reached VND 2,364 billion, up 8%, profit before tax reached VND 86 billion, up 49% compared to the same period in 2018.

In the third quarter, all production, trade and industrial zones grew over the same period. Profit before tax increased by 49% in the third quarter, thanks to the phenomenal growth of the manufacturing segment.

Accumulated 9 months, AAA reached VND 7,406 billion revenue and VND 520 billion profit before tax, up by 28% and 174% over the same period. Due to the contribution of the industrial zone segment in three quarters of 2019 and the strong growth of the manufacturing segment, AAA’s profit before tax increased by 2 times compared to the whole of 2018. In particular, core profit contributed about 50% of AAA’s profit before tax, up 35% over the same period in 2018. Compared to the business plan for the whole year 2019, the company now fulfills 74% of the revenue plan and 85% of the profit after tax plan.

This positive result was due to AAA’s shift in market structure and products.

Specifically, the company promotes market development to the US and Japan. Recent meetings such as the meeting with the Governor and Nebraska State Mission, the US and the Governor and the delegation of Kagoshima Province, Japan have shown quite clearly the strategy of AAA’s market expansion.

In addition, the company’s push towards 100% compostable products and increasing factories’ capacity have helped improve margins. AAA’s 100% compostable products now contribute to 10% of export sales.

Bright growth prospects

Plastic industry is expected to grow 6.5% in the period of 2019 – 2024. In Vietnam, the plastic industry is divided into 4 areas, including packaging, household appliances, construction and engineering. In terms of value scale, plastic packaging accounted for the largest proportion with 37%, construction accounted for about 18% of the industry value.

In the field of construction plastic, Binh Minh Plastic JSC (BMP), Tien Phong Plastic JSC (NTP) are the two leading companies listed on HOSE and currently trading at P/E valuation are 10,3 and 10,12 times. The growth capacity of these businesses in the past 5 years was only 2.9% and 2.7%/ year, and the growth potential in the future, according to SBSI, is only about 3% – 4%.

ảnh 1

Meanwhile, AAA’s profit has grown at a compound annual growth rate (CAGR) of 21% per year for the past 5 years and is expected to increase by an average of 10% – 15% in the next 5 years.

Assuming BMP and NTP are priced at a reasonable level corresponding to the growth potential, with the high growth rate of AAA, SBSI expects a reasonable price of AAA of 36,100 dong/ share. However, at present, the price of AAA shares is trading around VND 15,350/ share, which is not true compared to its capacity.

Based on the stable operation of factories and the first 9 months’ output, SBSI forecasts that AAA’s production output in 2019 will reach 95,000 tons, equivalent to an increase of 10% compared to the previous year. The policy of moving products to markets outside Europe such as the US and Japan will help AAA maintain maximum output as well as reduce dependence on a market, ensuring a stable growth prospect.

Notably, according to the Plastics Association, Vietnam imports 80% of plastic materials for domestic production. Therefore, the import market of plastic resins is quite wide for businesses to operate.

An Thanh Bicsol JSC, a member company of An Phat Holdings, is currently one of the largest plastic resin importers in the country. With a large market share of plastic resins, combining advantages when having a contract of product consumption, An Thanh’s commercial revenue is expected to reach over VND 3,600 billion/ year and profit after tax is estimated at VND 50 billion/ year.

Quickly catching up with the trend of using self-destructing plastic products, AAA has invested methodically in the past. Currently, 100% compostable products are accounting for 10% of the product structure and are expected to increase sharply in the near future, when An Phat Holdings introduces the compostable material production line (PBAT) in action.

The PBAT project, after being put into operation, will help cut down about 30% of AAA’s production costs compared to the present. In addition, AAA will be proactive in sourcing raw materials, improving inventory turnover and increasing gross profit margin of production.

An Tien Industries’ employees actively raise the awareness of occupational safety and health

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04
Nov

Last week, An Tien Industries Joint Stock Company (HII) organized a training course on occupational safety and health (OSH) for all of its employees.
Within just 2 days, all of the employees have been tested and trained on occupational safety at area I:
• Thoroughly grasping the purpose and meaning of occupational safety and health; legal provisions on occupational safety and health such as rights and obligations of employers and employees.
• Labor protection policies and regimes; general knowledge training on occupational safety and health; requirements on labor safety and health at the workplace; requirements on labor safety and hygiene when performing tasks.
• Ways of handling situations and first-aid methods for victims when working.
In particular, HII also collaborated with Regional Occupational Safety Training Center to conduct field surveys withing the company, incorporating the curriculum with factors that may cause labor insecurity during the production process.
Through this training course, all of the employees have been raising the awareness and understanding of the importance of occupational safety and health to themselves, their families and the community. At the end of the training, all trainees took a post-training condition test, all of them responded enthusiastically and achieved good results.

An Tien Industries organized meaningful activities to celebrate Vietnamese Women’s Day – October 20th

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21
Oct

On the occasion of the 89th anniversary on the Establishment of Vietnam Women’s Union (October 20, 1930 – October 20, 2019), the Trade Union of An Tien Industries Joint Stock Company (HII) organized a sharing meeting to motivate its female staff.
This activity created motivation among employees, contributing to the improvements of business results in the fourth quarter, completing the company’s production and business plan in 2019.

An Tien Industries Joint Stock Company (HII) organized a sharing and encouraging meeting for female staff of various departments.

Up to present, An Tien Industries has 107 female staff, equivalent to 37.5% of the total company employees. Especially, there are female staff who have been working for the company for nearly a decade. Although people in the Northwest region have still been facing a lot of difficulties, no matter what position women take, they perform their jobs well, making an important contribution to the 10-year overall development of An Tien Industries.
On behalf of the Board of Directors of An Tien Industries, Mr. Nguyen Viet Dung – Deputy General Director would like to send his best wishes to all female staff and their families, wish them good accomplishment, happiness and beauty.
Ms. Ha Thi Anh Dao, QC staff, on behalf of female staff, expressing thanks to Board of Directors and male staff, promising to try their best to deserve as Vietnamese traditional women.

Mr. Nguyen Viet Dung – Deputy General Director of An Tien Industries congratulated all female staff

Ms. Ha Thi Anh Dao, QC staff, on behalf of female staff, expressing thanks to Board of Directors and male staff, promising to try their best to deserve as Vietnamese traditional women.

In addition, to enhance solidarity within the company, to show the beauty of female staff, and to develop the culture of An Phat Holdings, An Tien Industries also organized a photo contest exclusively for female staff on the company’s fanpage. The contest lasts until the end of October 20. The female staff with the most interactive photo will receive a special reward on October 21. The contest has attracted a lot of attention inside and outside the company.

An Phat Holdings expands opportunities to cooperate with Japanese partners

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18
Oct

Governor of Kagoshima province, Japan, Mr. Satoshi Mitazono, together with 22 officials and journalists has just paid a visit to An Phat Bioplastics Joint Stock Company (An Phat Bioplastics) – a member of An Phat Holdings.

Kagoshima is a province with a lot of trading activities, manpower development, and economic cooperation with Vietnam. The province has received a large number of trainees and workers from Vietnam as well as having a close cooperation with Vietnam in the field of high-tech agriculture.

Mr. Pham Anh Duong, Chairman of An Phat Holdings introduced An Phat Holdings and shared the investment opportunities between the two parties.

With the strength of producing high-tech, environmentally friendly plastic in Southeast Asia, An Phat Holdings has exported its products to more than 50 countries worldwide, including markets that require high quality standards such as Japan, USA, EU …

In Japanese market only, An Phat Holdings has supplied it with thousands of tons of thin-film packaging, accounting for 32% of export revenue, ranking the second among An Phat Holdings’ export markets.

In addition, An Phat Holdings has maintained a sustainable cooperation with some Japanese big corporations such as Honda and Toyota in the supporting industry.

Mr. Pham Anh Duong, Chairman of An Phat Holdings, said that Kagoshima is a coastal province and An Phat Bioplastics currently produces 100% bio compostable and environmentally friendly fishing nets.

The product is being recommended by a number of countries around the world. “”We hope that this product, along with other bio compostable products of An Phat Bioplastics such as bags, knives, spoons, forks, agricultural films … will reach the people of Kagoshima province,”” he said.