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ASIA FOODS CORPORATION

Active

Business ID 3700150020

84-28 / 4450 0588

ASIA FOODS CORPORATION

Active

Business ID 3700150020

84-28 / 4450 0588

ASIA FOODS CORPORATION

Active

Summary

Name:

ASIA FOODS CORPORATION

Business ID (TIN):

3700150020

Date of Registration:

08 Oct 2008

Registered Office:

Binh Duong Province Department of Planning and Investment

Address:

No. 9/2, Road DT 743, Quarter 1B, An Phu Ward, Thuan An City, Binh Duong Province, Vietnam

Phone:

84-28 / 4450 0588

Financial Statement:

2020, 2021, 2022, 2023, 2024

ASIA FOODS CORPORATION (Local name: Công Ty Cổ Phần Thực Phẩm Á Châu) is a joint stock company and one of the leading instant food producers in Vietnam. The company was officially established on October 8, 2008, and is legally registered with the Binh Duong Province Department of Planning and Investment under Business ID 3700150020.

The head office is No. 9/2, Road DT 743, Quarter 1B, An Phu Ward, Thuan An City, Binh Duong Province. ASIA FOODS operates with a charter capital of over 41 million U.S. dollars and employs approximately 3,000 staff, reflecting its strong operational scale in the fast-moving consumer goods (FMCG) sector. With over 17 years of experience, the company has become a trusted name in Vietnam’s food manufacturing industry, particularly in producing instant noodles and related products.

Leadership and Management

The company is led by Nguyen M. H., who holds the dual role of Chairman and General Director. Nguyen M. C., Deputy General Director, and Truong T. M. N., Chief Accountant, support him. This leadership team has been instrumental in guiding the company’s strategic development and maintaining its strong position in the domestic food industry.

Financial Performance

ASIA FOODS CORPORATION has shown strong financial stability despite recent market fluctuations. As of the end of 2023, total assets reached approximately 69.9 million U.S. dollars, while total sales were recorded at around 102 million U.S. dollars. Equity stood at 44.86 million U.S. dollars, and profit surged to 28.41 million U.S. dollars, marking an impressive year-on-year profit growth of more than 83%.

Although revenue and assets slightly declined in 2023 compared to the previous year, the company’s net profit increased significantly, reflecting improved cost control and operational efficiency. This performance highlights ASIA FOODS’ ability to adapt and maintain competitiveness in a challenging economic environment.

Core Business Activities

ASIA FOODS specializes in manufacturing macaroni, noodles, and similar farinaceous products, with a strong market presence in instant noodles. In addition to its main product lines, the company operates across multiple related industries, including wholesale rice and food, processing and preserving fruit and vegetables, dairy products, cocoa and confectionery, and beverage production.

Its diversified business portfolio allows ASIA FOODS to meet the growing demand in Vietnam’s food industry while expanding its reach to international markets.

Strategic Locations and Branch Network

In addition to its head office in Binh Duong, ASIA FOODS maintains a representative office in Ho Chi Minh City and branch facilities in Bac Ninh and Da Nang. These strategic locations enable the company to enhance production capacity, strengthen distribution networks, and ensure nationwide coverage. This structure also supports its logistics efficiency, making ASIA FOODS a reliable partner for domestic and export markets.

Shareholding Structure

ASIA FOODS CORPORATION is privately held with a clear and strong shareholder base. Major shareholders include Nguyen M. C. with 65% ownership, Nguyen H. G. with 16.41%, Nguyen M. H. with 16.41%, and several minority shareholders. This ownership structure ensures stable governance, long-term strategic orientation, and flexibility in business decisions.

Outlook and Market Position

With its established brand, vast distribution network, and robust financial base, ASIA FOODS CORPORATION is well-positioned to maintain its leadership in Vietnam’s instant food industry. The company’s focus on quality manufacturing, diversification of product lines, and expansion into new markets aligns with the rising consumer demand for convenient and safe food products.

As Vietnam’s FMCG market continues to grow, ASIA FOODS is expected to strengthen its market share and explore more international partnerships, reinforcing its role as a key player in the region’s food manufacturing sector.

VNBIS Company Risk Management Services

Evaluating a company’s financial and operational risks is crucial for investors, distributors, and business partners before entering into any business relationship. Vanguard Business Information LLC (VNBIS) provides comprehensive company profile reports, economic analysis, litigation checks, and due diligence services to help minimize risks and ensure informed decision-making.

Through its deep understanding of the Vietnamese market, VNBIS offers reliable and verified business intelligence. These services help partners assess the creditworthiness and operational capacity of companies like ASIA FOODS CORPORATION, supporting safer, more transparent, and more strategic business transactions.

Legal Profile

English Name:

ASIA FOODS CORPORATION

Vietnamese Name:

CÔNG TY CỔ PHẦN THỰC PHẨM Á CHÂU

Short Name:

ASIA FOODS CORP

Business ID (TIN):

3700150020

Date of Registration:

08 Oct 2008

Registered Office:

Binh Duong Province Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN M.H

+ NGUYEN M.C

+ TRUONG T.M.N

Address:

No. 9/2, Road DT 743, Quarter 1B, An Phu Ward, Thuan An City, Binh Duong Province, Vietnam

Phone:

84-28 / 4450 0588

Representative office:

No. 39/6, Tran Nhat Duat Street, Tan Dinh Ward, District 1, Ho Chi Minh City, Vietnam

Branch:

Lot F5, D2 Street, Dai Dong - Hoan Son Industrial Park, Hoan Son Commune, Tien Du District, Bac Ninh Province, Vietnam

Branch:

5B Street, Thanh Vinh Industrial Cluster, Hoa Khanh Industrial Park, Hoa Khanh Bac Ward, Lien Chieu District, Da Nang City, Vietnam

Representative office:

8th Floor, Saigon Trade Center, No. 37, Ton Duc Thang Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

1074 Manufacture of macaroni, noodles and similar farinaceous products

NACE:

10.73 Manufacture of macaroni, noodles, couscous and similar farinaceous products

Industry Sales Growth

CAGR (2019 - 2023)

3.46%

YoY (2023)

13.82%

Companies by industry

Company distribution and propportions

405

0.0139%

Key Industry Players

Top 10 companies in manufacture of macaroni, noodles and similar farinaceous products industry

masan industrial one member company limited asia foods corporation acecook vietnam joint stock company uniben joint stock company masan hd one member company limited masan mb one member company limited masan hg one member company limited asia food iii sole member co., ltd paldo vina co., ltd lc foods joint stock company

Payment History

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Financial Performance

Assets	84.27%
Owner’s Equity	-66.66%
Working Capital	-74.96%
Net Worth	-57.95%
Sales	-33.43%
Operating income	-78.22%
EBIT	-22.40%
Gross Profit Margin	-2.69%
Debt to EBITDA	-6.93%

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Specific Questions About ASIA FOODS CORPORATION

When did ASIA FOODS CORPORATION start operating?

ASIA FOODS CORPORATION was started in 08 Oct 2008

What industry does ASIA FOODS CORPORATION operate in?

ASIA FOODS CORPORATION is operating in "Manufacture of macaroni, noodles and similar farinaceous products" industry

How can I contact ASIA FOODS CORPORATION?

ASIA FOODS CORPORATION phone numbers is 84-28 / 4450 0588

What adverse news is there about ASIA FOODS CORPORATION?

ASIA FOODS CORPORATION’s has 7 bad news

What is stock symbol of ASIA FOODS CORPORATION?

ASIA FOODS CORPORATION is not listed company

Where is the location of ASIA FOODS CORPORATION?

ASIA FOODS CORPORATION is located at No. 9/2, Road DT 743, Quarter 1B, An Phu Ward, Thuan An City, Binh Duong Province, Vietnam

What is ASIA FOODS CORPORATION’s business registration?

ASIA FOODS CORPORATION business registration is 3700150020

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ASIA FOODS CORPORATION

ASIA FOODS CORPORATION

ASIA FOODS CORPORATION

Leadership and Management

Financial Performance

Core Business Activities

Strategic Locations and Branch Network

Shareholding Structure

Outlook and Market Position

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ASIA FOODS CORPORATION

ASIA FOODS CORPORATION

ASIA FOODS CORPORATION

Leadership and Management

Financial Performance

Core Business Activities

Strategic Locations and Branch Network

Shareholding Structure

Outlook and Market Position

VNBIS Company Risk Management Services

Company Profile Report

Company Standard Report

Comprehensive Report

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