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:

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We would like to address recent reports in the media today regarding An Phat Plastic Production and Trading Company Limited, based in Hai Duong. It has come to our attention that some personnel from the company have been arrested for violations.

We want to clarify that An Phat Plastic has the same name as the old name of An Phat Bioplastics, which is a subsidiary of An Phat Holdings. We want to emphasize that An Phat Bioplastics and all personnel within An Phat Holdings are not related to the above incident, nor do we have any company with the name An Phat Plastic.

We want to assure our shareholders, partners, and customers that An Phat Holdings is committed to operating for our benefit, and will continue to maintain sustainable cooperation with all partners.

We wish all our shareholders, partners, and customers a successful new year!

Thank you for your continued support.

Sincerely!

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At the ceremony, on behalf of the Group’s Board of Directors, CEO Pham Do Huy Cuong summarized An Phat Holdings�production business results in the last quarter of 2023. 

In Q4/2023, despite facing general difficulties due to the impact of the domestic and foreign economic situation, the industries included: Packaging and building material plastics, engineering plastics, compostable products and compounds, trade and services, the industrial real estate still recorded quite positive results. This is the premise to develop further in 2024. 

At the ceremony, Standing Vice President Nguyen Thi Tien acknowledged and appreciated the achievements of the entire An Phat Holdings, especially their spirit of perseverance in overcoming difficulties during the fourth quarter. She noted that last year was a challenging year for businesses, including An Phat Holdings. However, with persistent efforts, most of the Group’s business segments met or exceeded their targets. This is a testament to the strong collective capabilities of An Phat Holdings and will serve as a solid foundation for the Group’s future growth. 

As entering the new year, the Standing Vice Chairman has urged all employees of the Group to focus and work harder towards achieving the plans and goals set out for 2024. Despite the challenges and impact of the global situation in 2024, she hopes that the entire Group will always be prepared, support each other, adapt to challenges, and quickly seize new opportunities. 

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An Phat International is a subsidiary of An Phat Holdings, based in Texas, USA. With years of experience in exporting and commercializing products such as compostable plastics, engineering plastics, and flooring�helps An Phat International to understand the challenges, obstacles, and opportunities that Vietnamese businesses face while entering the US market.

From December 15, 2023, An Phat International is set to extend its expertise in commercial representation services, specialized solutions, and a team of distinguished professional consultants in the sphere of international business. The company will act as a pivotal “bridge” aimed at facilitating Vietnamese businesses in their expansion endeavors in the US.

In addition to core service values, the Company is committed to working closely with the partners to create sustainable opportunities and foster lasting relationships based on shared vision and values.

“Understanding of the challenges and opportunities for Vietnamese businesses in the US market inspired us to deploy the services aimed at addressing those. In addition to prioritizing business objectives and growth statistics, the services endeavor to resolve customer concerns, challenges, and aspirations which aim to provide comprehensive support to Vietnamese businesses to help them meet their objectives in the US market,” said Mr. Pham Hoang Viet, Chairman of An Phat International.

Accordingly, An Phat International offers a full-service event organization to connect businesses with potential American businesses which includes financial banks, retail channels, distributors, logistics, warehousing, and transportation… Besides, the Company also supports consulting and registration to participate in many appropriate exhibitions in North America such as PLMA, Natural Products Expo West, and Natural Products Expo East…; booth construction; sales staff, and collecting customer information for businesses.

In addition, An Phat International also provides customs clearance services for goods on the Vietnam – US route at reasonable costs, a high rate of goods exempted from inspection, and consulting on types of documents.

An Phat International strives to deliver exceptional international business services that yield optimal results, fostering unwavering trust among our partners and customers.

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Hanoi Plastics is also an honored booth where Deputy Minister of Industry and Trade Phan Thi Thang and the delegation visited and highly appreciated the displayed products. In addition, as a leading enterprise with more than 50 years of experience in the field of supporting industries, Hanoi Plastics’ displayed products also receive special attention from customers, experts as well as domestic and international businesses.

Within the framework of the exhibition, Hanoi Plastics displays products such as high-tech plastic components, auto and motorbike spare parts, electric and electronic components, industrial auxiliary equipment, and molds… Over the years, our business has produced strong products that are trusted and chosen by the world’s leading corporations such as Honda, Toyota, Samsung, LG, Panasonic, and Piaggio.

During the exhibition, Mr. Nguyen Huu Phong, the Production Director of HPC, expressed that it is beneficial for businesses to participate as it allows them to showcase their mold manufacturing capacity and plastic products to a wider client. Mr. Phong believes that this is a great chance to promote and introduce the company to a large number of visitors.

Besides, HPC also can find new partners through the Exhibition activities, especially potential businesses from Japan, China, and FDI enterprises.

The global economy has many fluctuations, which has had a negative impact on domestic manufacturing and support industries. As a result, many businesses have been facing difficulties. In response to these challenges, Mr. Phong shared that his company has taken proactive measures to reduce production costs, innovate, improve productivity and product quality, and invest in training high-quality human resources.

To prepare for next year with more positive signals, HPC plans to replace old and outdated equipment and invest in more modern equipment and technology, aiming for automation in factories.

Some pictures of visitors to the HPC’s booth at the VIMEXPO 2023 Exhibition:

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One of the event’s highlights was the landmark collaboration between An Phat Complex and Ce-Link – a leading Chinese investor. Two units signed an agreement that marks the beginning of an exciting new chapter for our An Phat 1 Industrial Park project. This collaboration promises to generate numerous employment opportunities for the community and bolster economic development in Hai Duong Province, while also contributing positively to the growth of An Phat Complex’s industrial park. 

The conference echoed China’s commitment to enhance infrastructure connectivity and expand trade cooperation on a global scale. These aims align closely with the vision An Phat Complex holds for An Phat 1 Industrial Park which creates a sustainable supply chain and propels international trade. Chinese Vice Premier He Lifeng emphasized the need for entrepreneurs to embody the entrepreneurial spirit and contribute significantly to high-quality Belt and Road cooperation.  

An Phat Complex’s participation in the Belt and Road CEO Conference has further fortified the dedication to achieving sustainability and worldwide trade promotion. Remaining steadfast in the mission, An Phat Complex upholds the slogan “Invest with Trust, Together we Grow.â€?/span> 

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On behalf of the Group’s Board of Directors, CEO Pham Do Huy Cuong summarized An Phat Holdings�/span> production business results in the first 9 months of 2023. Accordingly, the Packaging and Building Materials Plastics segment achieved outstanding results, completed and exceeded planned targets in the first 9 months of the year. Other business segments of the Group such as Industrial real estate, Chemicals for the plastic industry, Industrial catering services, Engineering plastics, Compostable products, Trade and services, etc recorded positive growth, ready to accelerate to the finish line in 2023. 

To continue archiving “bright signalsâ€?in Q4, An Phat Holdings’ Board of Directors also listened to the difficulties and challenges of the Group’s segments, to jointly come up with effective solutions, timely remove obstacles, and maintain APH’s growth momentum. 

In conclusion, the Board of Directors has set production and business plans and targets in the last quarter, specifically: Developing new products, and new projects; expanding factoriesâ€?capacity; and improving the revenue growth of member companies,… 

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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 employeesâ€?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!â€? 

The 21 years of An Phat Holdings race â€?/span>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. 

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: 

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Attending the ceremony, on behalf of An Phat Holdings, there were Mr. Pham Anh Duong – Chairman of the Group, Mr. Pham Do Huy Cuong – CEO of the Group and other senior leaders.Regarding the US partners, there were representatives of enterprises and investors from the US. 

The signing ceremony of the Memorandum of Understanding (MoU) took place under the witness of Mr. Tran Duc Thang – Member of the Central Committee of the Communist Party of Vietnam, Secretary of Hai Duong Provincial Party Committee representing the delegation of Hai Duong province and Mr. Nguyen Trac Ba – The Consul General of Vietnam in Houston and Congressmen of Texas, United States of America.

Specifically, An Phat Holdings signed a MoU for strategic cooperation with 5 businesses: Dakota Western Corporation, CJ Bio America INC, Katoen Natie Company, Hellmann Worldwide Logistics Company, One Circle Logistics Company. Accordingly, An Phat Holdings has signed a commitment to cooperate in developing products and services with partners in the US in the period 2023 – 2028. 

On the strategic cooperation agreement with the US partners, Mr. Pham Do Huy Cuong, CEO of An Phat Holdings expressed: “For more than 10 years, the US has been an important and a key market of An Phat Holdings. An Phat Holdings’ export revenue in the US market has been growing steadily despite the recent fluctuations in the world economic situation. I expect that the signing of the MoUs today will further promote An Phat Holdings’ business activities in the USA in particular and the North American market in general; Thereby helping An Phat Holdings achieve our goals of expanding the market, enhancing the brand, and building a sustainable business.” 

The cooperation signing event between An Phat Holdings and American partners is within the framework of the business trip of the delegation of Hai Duong province in the US to promote and introduce the potential, policies and investment opportunities in Hai Duong province, especially in the field of services and high-tech industries. Within the framework of the business trip, the leaders of Hai Duong province and businesses had the opportunity to meet and work with agencies and organizations in the US, visit and learn from large corporations and innovative startups here. 

More than 10 years of conquering the US market 

Among 18 member companies, An Phat Holdings has nearly 10 exporting companies in the field such as: packaging, raw materials and additives for the plastic industry, compostable products, building material plastic products… and a few member companies based in the US operating in the fields of green materials, compostable products, logistics… 

Since 2012, the US has been one of the key markets of An Phat Holdings with products exported to the US market such as packaging, SPC flooring, compostable products and materials. The total revenue in the US market always accounts for nearly 10% of the Group’s total revenue. 

Over more than a decade of conquering the US market, An Phat Holdings has continuously left significant imprints here. Since 2021, the Group has successfully registered a trademark for products under AnEco brand in the US, thereby bringing the products to the Amazon e-commerce platform (US). Not long after that, An Phat Holdings’ products presented on Amazon’s Top Best-seller –  ‘Amazon’s Choice’ list with revenue expected to surge nearly 27 times after only 3 years of launching product on this platform. Currently, the Group has representative offices, member companies and affiliated units presented in the US market. 

“We determined that the US is not only a market for export and attract investment but also the key for An Phat Holdings to build a strong brand because a fastidious market will help the brand leverage its image more quickly,” An Phat Holdings representative said. 

An Phat Holdings assesses that to successfully enter a demanding market like the US, the Group must be able to meet stringent standards and achieve specific quality certifications for each product. In addition, some partners in the US also have their own requirements for factories about safety, factory hygiene, standards for production processes… so An Phat Holdings needs to demonstrate abilities to meet those standards. 

Besides export activities, An Phat Holdings is currently promoting cooperation with partners in the US through investment promotion programs to materialize the goal of building a strong brand in the US and expanding the market globally. 

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The An Phat Holdingsâ€?Race: Accelerate â€?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.�/span> 

The running theme “Accelerate â€?Breakthrough – Master the futureâ€?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. 

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: 

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