ASIA FOODS CORPORATION

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.

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