An Phat Holdings eyes target of 1 billion USD in revenue by 2025
An Phat Holdings (APH) has set a revenue target of 1 billion USD by 2025, becoming a leading producer of hi-tech and environmentally friendly plastic products in Southeast Asia.
A production line of An Phat Holdings (Photo: //anphatbioplastics.com/)
Hanoi (VNA) – An Phat Holdings (APH) has set a revenue target of 1 billion USD by2025, becoming a leading producer of hi-tech and environmentally friendlyplastic products in Southeast Asia.
According to Deputy General Director Pham Do Duy Cuong, with many subsidiaries operatingin the plastic industry, An Phat Holdings has so far exported its products to nearly70 countries in Europe, America, the United Arab Emirates (UAE),Japan, the Republic of Korea, Singapore, and Taiwan (China), and thePhilippines.
Notably, An Phat Holdings is currently thelargest producer and exporter of packaging film in Southeast Asia. It alsopartners with many multinational companies operating in supportingindustry, including Honda, Toyota, Samsung, Piaggio, and LG Electronics.
The firm is also a prestigious trader of plastic resin and exporter of plasticadditives and hi-quality interior plastic products.
APH operates mainly in the fields ofcompletely biodegradable products and materials, packaging, engineering andinterior plastics, precision engineering and moulds, materials and chemicals inthe plastic industry and real estate.
It is one of the few enterprises in the world that hassuccessfully produced AnEco biodegradable bags meeting international standards.
Last year, APH’s consolidated revenue andafter-tax profit reached 9.5 trillion VND and 712 billion VND, respectively,representing 19 percent and 305 percent year-on-year increases. Its totalassets reached nearly 10 trillion VND./.
The International Finance Corporation (IFC) recently announced its cooperation with An Phat Holdings (APH) and an expected investment of 20 million USD to fund APH’s first compostable material manufacturing plant in Vietnam and the largest of its kind in Southeast Asia.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
A production line of An Phat Holdings (Photo: //anphatbioplastics.com/) 
