On April 24, 2024, Nafoods Group Joint Stock Company was honored in the Top 50 Best Growth Enterprises Vietnam and Top 500 Fastest-Growing Enterprises Vietnam at the ceremony to announce the Top 500 Fastest-Growing Enterprises Vietnam (FAST500) organized by Vietnam Report Joint Stock Company in coordination with VietNamNet Newspaper. (source baodautu.vn)
The Top 500 Fastest-Growing Enterprises Vietnam (FAST500) ranking was announced by Vietnam Report Joint Stock Company in March 2024. This is the 14th consecutive year the FAST500 list has been published to seek, recognize, and honor the strong development of Vietnamese economy – enterprises with good business efficiency, based on the criteria of double revenue growth rate, and responsibility to society.
To be included in this list, enterprises must be recognized three times consecutively in the Top 500 Fastest-Growing Enterprises Vietnam (FAST500) ranking, maintaining an impressive growth rate during the period of 2015-2023, and significantly contributing to the community, society, and national budget during the integration period.
In recent times, the production and business situation of Vietnamese enterprises have been somewhat subdued due to the weakening of total demand both domestically and globally. However, to be honored in the Top 50 Best Growth Enterprises Vietnam, Nafoods, in addition to stabilizing its management, has made relentless efforts to achieve certain achievements in production and business.
Specifically for the year 2023, the company’s net revenue in 2023 remained at 1,733.3 billion VND, gross profit reached 469.7 billion VND, an increase of 93.9 billion VND (+25.0%) compared to the previous year. After-tax profit in 2023 exceeded 100 billion VND for the first time since listing (in 2015), reaching 109.9 billion VND, an increase of 30.1 billion VND (+37.7%) compared to the previous year, surpassing the 3.7% plan of the Annual General Meeting of Shareholders 2023.
In addition, the Annual General Meeting of Shareholders also approved the plan to offer a maximum of 15 million shares separately, to implement or contribute capital to subsidiaries to carry out investment projects, enhance production capacity, and/or supplement working capital. The implementation time is expected to take place in 2024 or other deadlines as stipulated by the Board of Directors based on actual conditions after being approved by the State Securities Commission.