AN GIANG FRUIT-VEGETABLES & FOODSTUFF JOINT STOCK COMPANY

AN GIANG FRUIT-VEGETABLES & FOODSTUFF JOINT STOCK COMPANY (CÔNG TY CP RAU QUẢ THỰC PHẨM AN GIANG) is a leading agribusiness and food processing company in Vietnam, specializing in frozen IQF and canned tropical vegetables and fruits. Established on June 1, 2011, the company operates as a joint-stock company (JSC) under Business ID: 1600230014, with official registration at the An Giang Province Department of Planning and Investment. ANTESCO is a publicly held company, trading on UPCOM under the stock symbol ANT, with key shareholders including YLANG HOLDINGS CORPORATION (25%), SOYBEAN COMPANY LIMITED (18.69%), and BABY CORN COMPANY LIMITED (18.09%).

The company’s headquarters is located at No. 69-71-73, Nguyen Hue Street, My Long Ward, Long Xuyen City, An Giang Province, Vietnam. It has branches and production facilities across the province. ANTESCO plays a crucial role in Vietnam’s agribusiness sector, focusing on high-quality frozen and canned food exports.

Key Personnel

• Chairman: Mr. DINH HUNG DUNG – Oversees corporate strategy and investment decisions.
• General Director: Mr. NGUYEN HOANG MINH – Manages daily operations and business growth.
• Deputy General Director: Mr. NGUYEN HUY CUONG – Supports operational efficiency and expansion.

Financial Performance and Risk Analysis

As of December 31, 2023, the company reported the following financial figures:

• Total Assets: USD 23.17 million (YoY growth of 39.55%)
• Owner’s Equity: USD 8.67 million (YoY growth of 61.14%)
• Total Sales Revenue: USD 27.37 million (YoY growth of 13.97%)
• Net Profit: USD 833,365 (YoY decline of -42.38%)
• Net Worth: USD 8.56 million

The company has demonstrated strong asset and equity growth, indicating business expansion. However, declining profitability suggests higher operational costs or pricing challenges in export markets. VANGUARD BUSINESS INFORMATION LLC (VBI), a private financial data supplier, offers risk management solutions and company reports to assess financial health and investment risks for ANTESCO. 

Business Operations and Industry Overview

Vietnam’s frozen and processed food industry is experiencing rapid growth, with increasing demand from international markets. ANTESCO is strategically positioned in this sector, with core business activities including:

• Processing and preserving frozen and canned tropical fruits and vegetables
• Processing meat, fishery products, and prepared meals
• Manufacturing animal feed and non-alcoholic beverages
• Wholesale of agricultural raw materials, food, and beverages

Vietnam is a major exporter of processed agricultural products, but companies like ANTESCO face challenges such as fluctuating raw material prices, global supply chain disruptions, and changing food safety regulations.

VBI’s Risk Management Insights

According to VBI’s company report, ANTESCO is classified as a fast-growing company with strong asset accumulation but declining profitability. To enhance its competitive position, the company should focus on:

• Expanding its international distribution network to boost revenue.
• Improving production efficiency to control rising costs.
• Strengthening supply chain management to mitigate market risks.

With VBI’s risk management expertise and company intelligence reports, businesses and investors can make data-driven decisions regarding investments and partnerships with ANTESCO. Access the full financial analysis and risk assessment at VBI’s website to stay updated on industry trends and corporate financial performance.