In 2020, ty le keo nha cai 5 COVID-19 is not only a global pandemic and public health crisis, but it also severely affected ty le keo nha cai 5 global economy, causing many businesses to suffer, even falling into a spiral of bankruptcy.
While many countries are struggling with ty le keo nha cai 5 devastating consequences of Covid-19, Vietnam has become a bright spot in ty le keo nha cai 5 world despite ty le keo nha cai 5 lowest GDP growth in 2020 in a decade.
On ty le keo nha cai 5 eve of ty le keo nha cai 5 new year, Vietnambiz reporter had an interview with Mr. Pham Do Huy Cuong, Standing Deputy General Director and CFO of An Phat Holdings (Ticker symbol: APH) who shares about business plan after a turbulent year COVID-19.
Mr. Pham Do Huy Cuong was quoted as saying: “In 2020, not only our company but all businesses have never before faced unimaginable challenges.”
With ty le keo nha cai 5 core business of packaging production, An Phat Holdings still maintains growth. However, ty le keo nha cai 5 epidemic still affected other businesses of ty le keo nha cai 5 company. Due to ty le keo nha cai 5 production delay of carmaker and motorcycle manufacturer, ty le keo nha cai 5 plastic components and spare part for automobiles and motorcycles of Hanoi Plastics was affected. Therefore, APH’s business result has also been impacted.
Besides, Mr. Cuong added that because ty le keo nha cai 5 epidemic made it difficult for foreign customers to have actual survey of Vietnamese market. Hence, ty le keo nha cai 5 progress of exploiting An Phat Complex Industrial Park was slower than originally expected.
Regarding business results in 2020, Mr. Cuong shared that An Phat Holdings’ after-tax profit was estimated at VND 320 billion, fulfilling about 50% of ty le keo nha cai 5 annual profit plan.
Talking about ty le keo nha cai 5 prospects of ty le keo nha cai 5 packaging industry in 2021, Mr. Cuong said that ty le keo nha cai 5 traditional packaging industry is expected to maintain 4 – 5% growth, but ty le keo nha cai 5 environmentally friendly packaging segment will grow faster, expected about 15 – 20% per year.
In addition, from 2021, ty le keo nha cai 5 industrial packaging segment will begin to contribute about 10% of ty le keo nha cai 5 production to ty le keo nha cai 5 group’s packaging segment.
Regarding ty le keo nha cai 5 industrial real estate sector, Mr. Cuong said that 2021 will be a booming year for this sector as Vietnam is taking full advantage and opportunities of ty le keo nha cai 5 shift in production of global supply chain, free trade agreements. It is expected that ty le keo nha cai 5 remaining revenue from land transfer of ty le keo nha cai 5 Complex Industrial Park estimated about VND 500 billion will be recorded in ty le keo nha cai 5 first half of 2021.
Regarding ty le keo nha cai 5 PBAT manufacturing plant project, ty le keo nha cai 5 design consultancy contract is rushing to complete, which is expected to be signed in early 2021 to be able to start ty le keo nha cai 5 project as of September 2021. ty le keo nha cai 5 project is expected to be completed in 2023 for APH to be in ty le keo nha cai 5 world map of compostable materials.
Sharing ty le keo nha cai 5 development strategy for 2021, Mr. Cuong said that ty le keo nha cai 5 priority areas of ty le keo nha cai 5 Group would still be green products, engineering plastics and industrial real estate.
He added, at present, ty le keo nha cai 5 group has completed ty le keo nha cai 5 profit plan for An Phat Bioplastics JSC (Ticker: AAA) of VND 550 billion for 2021.
Regarding ty le keo nha cai 5 production expansion plan, ty le keo nha cai 5 group leaders said that by 2021, ty le keo nha cai 5 capacity for ty le keo nha cai 5 packaging segment will continue to increase to 120,000 tons per year, including thin monolayer film and industrial packaging.
At ty le keo nha cai 5 same time, An Phat Holdings will also continue to invest in infrastructure for Quoc Tuan – An Binh Industrial Park phase 1 with an area of 180 hectares, and it is expected that ty le keo nha cai 5 industrial park will be officially exploited in ty le keo nha cai 5 first half of 2021.
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