Nafoods Group was honored in the Top 50 Excellent Growth Enterprises in Vietnam 2024

Nafoods Group Joint Stock Company has just been honored in the Top 50 Best Growing Enterprises in Vietnam and the Top 500 Fastest Growing Enterprises in Vietnam.

The Top 500 Fastest Growing Enterprises in Vietnam (FAST500) ranking was announced by Vietnam Report Joint Stock Company in March 2024. This is the 14th consecutive year that the FAST500 list has been published to search for, recognize and honor the rapidly growing enterprises of the Vietnamese economy - enterprises with good business performance, based on the main criteria of compound revenue growth rate, and social responsibility.

To be included in this list, a business must be recognized three times in a row in the Top 500 Fastest Growing Enterprises in Vietnam (FAST500), maintain an impressive growth rate in the 2015-2023 period, and make significant contributions to the community, society, and the national budget during the integration period.

Nafoods Group has been ranked in the TOP 500 fastest growing enterprises in Vietnam (Fast500) for 3 consecutive years.

Recently, the production and business situation of Vietnamese enterprises has been somewhat gloomy due to the weakening of aggregate demand both domestically and internationally . However, to be honored in the Top 50 Best Growing Enterprises in Vietnam, Nafoods, in addition to stabilizing its management situation and actively developing its production and business, has made continuous efforts to achieve certain results.

Regarding 2023 in particular, the Company's net revenue in 2023 will remain at VND 1,733.3 billion, gross profit will reach VND 469.7 billion, an increase of VND 93.9 billion (+25.0%) compared to the previous year. Profit after tax in 2023 will exceed VND 100 billion for the first time since listing (2015), reaching VND 109.9 billion, an increase of VND 30.1 billion (+37.7%) compared to the previous year, exceeding 3.7% of the plan assigned by the 2023 Annual General Meeting of Shareholders.

Mr. Nguyen Manh Cuong, Marketing Director of Nafoods Group received the certificate at the Honor Ceremony.

In addition, the General Meeting of Shareholders also approved the plan to offer up to 15 million individual shares to implement or contribute capital to subsidiaries to implement investment projects, improve production capacity; and/or supplement working capital. The implementation time is expected to take place in 2024 or another period as prescribed by the Board of Directors based on actual conditions after being approved by the State Securities Commission.

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