Nafoods Southern Joint Stock Company (Vietnam)

The subject is a member of Nafoods group which Nafoods Group Joint Stock Company plays key company of the Nafoods group having over 26 years of experience in agriculture and forestry industry. The Nafoods group's vision is to be a pioneer group in developing green and sustainable agricultural value chains, from plant breeding, raw materials, production & processing and distribution – consumption. In addition, in 2021, the group has completed phase 1 of digital transformation for the entire group. These are importance because it pursues the Nafoods group's objectives to have a congruence goal such as environmental factor (see detail in commentary below).For management, Mr. Nguyen Manh Hung has been the Nafoods group's key manager and shareholder for 27 years. So, we need to assess his risk appetite in forming strategy. For example, its parent company decided to further acquisition step by step equity of Nafoods Southern, from 65% in 2015 to 99.8% in 2019. This implies that it has a significant position in the group's investment portfolio.