Viet Nhat Technology Nutrition Joint Stock Company (Vietnam)

The subject was established in 2015 in Hung Yen Province, Vietnam. In the first period, it only focused on manufacturing feed for cattle, poultry, and aquatic animal with brands including VIJA feed, APEX fish. Since 2018, it has extended its activities into trading raw materials for animal feed production. Most of the products are supplied for the domestic market. Since 2022, it has exported to Laos with a small ratio of about 2%. During 2019 - 2022, the trading segment brought about 40% - 45% of total sales. This year, it brought about 50% of total sales, as revealed by Mr. Dinh Quoc Nhan, director.In terms of facilities, currently, the subject is running two factories (Number 1 and Number 2) in Yen My District, Hung Yen Province. In which, the factory No. 2 has run into mass production since Oct 2021, so the subject's sales jumped strongly to VND 2 trillion in 2021 and nearly VND 3 trillion in 2022. However, its profitability ratios in 2022 stayed limited due to the negative effect of the exchange rate difference and the increase in loan interest rate. This year, total sales continued to surge to about VND 4,000 billion and the subject obtained about VND 3 billion in profit instead of loss in last year, Mr. Nhan said.In addition, in May this year, the company increased its charter capital to VND 269 billion from VND 169 billion before. According to Mr. Nhan, the increased capital (VND 100 billion) is used to invest in buying land and building a warehouse near the factory No. 2. Currently, the subject has the land, and it plans to start construction in early 2024 and complete at the end of the year.