GAP FOODS JOINT STOCK COMPANY

GAP FOODS JOINT STOCK COMPANY (CÔNG TY CP THỰC PHẨM GAP) is a privately held Vietnamese enterprise operating primarily in the rice processing and trading sector. Established on March 23, 2018, and headquartered in An Thanh Hamlet, Hoa An Commune, Cho Moi District, An Giang Province, the company is strategically located in one of Vietnam’s major rice-growing regions. Over more than seven years of operation, GAP FOODS has expanded its capacity and network to become a reliable supplier in Vietnam’s agricultural value chain.

Leadership and Structure

The company is led by General Director Mr. Nguyen B. H., supported by Chief Accountant Ms. Nguyen T. T. H. Their leadership has helped shape a lean but efficient organization with 80 employees. With its legal structure as a joint stock company, GAP FOODS operates with charter and paid-up capital of approximately USD 3.29 million. The ownership structure is shared among several key stakeholders, with Thuan Minh Import Export Corporation holding 49 percent, Mr. Vo C. H. holding 41 percent, and Ms. Tran T. N. Q. holding the remaining 10 percent. This combination of corporate and individual ownership has allowed the company to maintain both professional governance and entrepreneurial flexibility.

Financial Performance

GAP FOODS has shown consistent revenue growth since its establishment, reflecting both market expansion and operational capacity. Total sales increased from USD 68.2 million in 2021 to USD 104 million in 2022 and USD 109.8 million in 2023, with a year-on-year growth rate of 5.57 percent in the latest fiscal year. Assets stabilized at nearly USD 38 million in 2023, a slight increase of 2.09 percent compared to the previous year, while equity stood at USD 3.38 million. Profit also rose significantly to USD 38,299, representing a growth of 29.71 percent. Although working capital was negative at USD -2.69 million, this primarily reflects reinvestment in operating activities and inventory expansion to support growing sales volumes.

Business Operations

The company’s main business is milling and processing rice, an essential sector in Vietnam’s agricultural economy. It also engages in growing rice and other crops, processing agricultural products, and trading food commodities. Beyond An Giang, GAP FOODS has expanded its operational footprint with a representative office in Ho Chi Minh City and a warehouse in Tien Giang Province, positioning itself close to both production areas and export hubs. This strategic network supports efficient sourcing, processing, and distribution activities.

Market Position and Outlook

GAP FOODS has emerged as a dynamic player in the rice processing and export sector, leveraging its location advantage in the Mekong Delta and its partnerships with major shareholders in the agricultural industry. Its steady revenue growth and increasing profitability suggest that it is well positioned to scale further, especially as Vietnam continues to strengthen its role as a top global rice exporter. Looking ahead, the company’s continued investment in infrastructure, logistics, and quality processing will be crucial to enhancing competitiveness in both domestic and international markets.