About PAN

THE PAN GROUP TO BE IN THE TOP 50 BEST VIETNAMESE LISTED COMPANIES FOR THE FOURTH TIME


Adhering firmly to the effective M&A strategy and focusing on research and development, The PAN Group Joint Stock Company (The PAN Group) continues to be honored in the list of the top 50 best listed companies in Vietnam in 2019 chosen by Forbes Vietnam Magazine, published on June 3. This is the fourth consecutive year that The PAN Group has been named in this list.


 

2019 is the seventh year Forbes Vietnam has announced the list of top 50 listed companies and The PAN Group continues to be a rare representative of the agricultural sector to participate in the list. After four years of changing the brand name and restructuring, PAN's activities have been in good shape with two core businesses, including PAN Farm (consisting of Vinaseed, PAN-HULIC, Fimex VN, and VFC) and PAN Food (consisting of Bibica, Aquatex Ben Tre, Lafooco, Fisheries 584 Nha Trang, and PAN Food Manufacturing).

According to Forbes Vietnam, "The M&A strategy has become a launch pad to increase PAN's revenue by 92% during the past year. After PAN restructured into a company investing in agriculture in 2014, many strong brands in the agriculture and food processing industry have been under PAN’s control. The shares of The PAN Group in these companies are distributed as such: Vinaseed (80.11%), Aquatex Ben Tre (78.33%), Fimex VN (63.79%), Bibica (50.07%), and Lafooco (80.52%). In the recent annual shareholders meeting, Chairman Nguyen Duy Hung said, “M&A is the core strategy of the Group, and PAN also invests substantially in technology to improve the production process of member companies. One of the remarkable international collaborations of PAN in the past year is of Sojitz Group (Japan) buying 10% of the company shares with USD 35 million. According to Sojitz, this cooperation aims to integrate Sojitz’s global network and Japanese technology with PAN's existing platform in order to distribute PAN's agricultural products to the world.”


2018 was a memorable year for The PAN Group with a consolidated revenue and an after-tax profit of VND 7,828 billion and VND 567 billion, an increase of 92% and 13% respectively compared to 2017. Market capitalization value reached VND 5,866 billion. These positive business results are achieved thanks to the sustainable growth of key companies in the Group such as Vinaseed and Bibica, as well as breakthrough growth of companies in the seafood sector like Aquatex Ben Tre and Sao Ta. With total consolidated assets of VND 9,439 billion, The PAN Group continues to maintain its position as a leading agriculture and food corporation in Vietnam.

In 2019, The PAN Group plans to achieve a consolidated revenue of VND 10,513 billion, a consolidated before-tax profit of VND 644 billion, a consolidated after-tax profit of VND 562 billion, and a parent company shareholders after-tax profit of VND 340 billion. 

In the coming period, The PAN Group will prioritize its resources for larger projects to upgrade and expand production infrastructure and processing technology, and develop material areas to increase production efficiency in the long term. In addition, the Group will continue to increase its ownership in its subsidiaries and affiliates, as well as implement the M&A strategy in new companies to complete the value chain in the agriculture and food sectors.

According to Forbes Vietnam, the after-tax profit of the 50 companies in the list this year reached 127,530 billion dong, increasing by 19.2% thanks to the rise of private enterprises. The total market capitalization value of the 50 companies reached USD 94 billion, equivalent to 63% of the capitalization value of the two stock exchanges in the middle of May.

Similar to previous years, Forbes Vietnam ranked and selected 50 companies with the best business performance based on the audited financial statements of five consecutive years for the "50 best listed Vietnamese companies." To build this list, Forbes Vietnam uses the Forbes (US) ranking method, taking into consideration key characteristics of listed companies in Vietnam. Companies are graded according to the following criteria: Compounded growth in revenue, profit, return on equity, and return on capital and earnings per share. Qualitative factors such as the level of sustainable development of the business, including brand, quality of corporate governance, past profit origin and prospects for sustainable development, are also independently taken into consideration in the process of evaluation and ranking.


Back to Top