In 2020, ty le keo bongso88 COVID-19 is not only a global pandemic and public health crisis, but it also severely affected ty le keo bongso88 global economy, causing many businesses to suffer, even falling into a spiral of bankruptcy.
While many countries are struggling with ty le keo bongso88 devastating consequences of Covid-19, Vietnam has become a bright spot in ty le keo bongso88 world despite ty le keo bongso88 lowest GDP growth in 2020 in a decade.
On ty le keo bongso88 eve of ty le keo bongso88 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 bongso88 core business of packaging production, An Phat Holdings still maintains growth. However, ty le keo bongso88 epidemic still affected other businesses of ty le keo bongso88 company. Due to ty le keo bongso88 production delay of carmaker and motorcycle manufacturer, ty le keo bongso88 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 bongso88 epidemic made it difficult for foreign customers to have actual survey of Vietnamese market. Hence, ty le keo bongso88 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 bongso88 annual profit plan.
Talking about ty le keo bongso88 prospects of ty le keo bongso88 packaging industry in 2021, Mr. Cuong said that ty le keo bongso88 traditional packaging industry is expected to maintain 4 – 5% growth, but ty le keo bongso88 environmentally friendly packaging segment will grow faster, expected about 15 – 20% per year.
In addition, from 2021, ty le keo bongso88 industrial packaging segment will begin to contribute about 10% of ty le keo bongso88 production to ty le keo bongso88 group’s packaging segment.
Regarding ty le keo bongso88 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 bongso88 shift in production of global supply chain, free trade agreements. It is expected that ty le keo bongso88 remaining revenue from land transfer of ty le keo bongso88 Complex Industrial Park estimated about VND 500 billion will be recorded in ty le keo bongso88 first half of 2021.
Regarding ty le keo bongso88 PBAT manufacturing plant project, ty le keo bongso88 design consultancy contract is rushing to complete, which is expected to be signed in early 2021 to be able to start ty le keo bongso88 project as of September 2021. ty le keo bongso88 project is expected to be completed in 2023 for APH to be in ty le keo bongso88 world map of compostable materials.
Sharing ty le keo bongso88 development strategy for 2021, Mr. Cuong said that ty le keo bongso88 priority areas of ty le keo bongso88 Group would still be green products, engineering plastics and industrial real estate.
He added, at present, ty le keo bongso88 group has completed ty le keo bongso88 profit plan for An Phat Bioplastics JSC (Ticker: AAA) of VND 550 billion for 2021.
Regarding ty le keo bongso88 production expansion plan, ty le keo bongso88 group leaders said that by 2021, ty le keo bongso88 capacity for ty le keo bongso88 packaging segment will continue to increase to 120,000 tons per year, including thin monolayer film and industrial packaging.
At ty le keo bongso88 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 bongso88 industrial park will be officially exploited in ty le keo bongso88 first half of 2021.
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