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PAN Group is aiming to become the leading corporation in the region in the field of agriculture - food. Photo: TL

Invest in widening

Sharing about the business situation of enterprises, Mr. Nguyen Van Thu, Chairman of the Board of Directors of G.C Food Joint Stock Company (G.C Food), said that in the past four years, the company's net revenue and profit after tax had grown strongly thanks to customer demand and good cost control, expansion of farming technology and processing technology.

In the domestic market, G.C Food was the largest supplier of aloe vera and coconut jelly in Vietnam to leading dairy and nutrition groups such as Vinamilk, Nutifood, and Ba Vi.

As for export, the main markets of G.C Food were Korea and Japan - two fastidious markets with very high quality requirements. Customers wished to increase the order volume, but G.C Food could not meet enough. the total value of contracts that domestic and foreign customers signed with G.C Food was nearly VND 600 billion by the end of 2024 and was waiting for delivery in 2023 and 2024.

Facing high customer demand, Mr. Thu said that from 2023 to 2025, G.C Food would focus on developing core areas in the direction of enhancing technology, expanding production and developing raw material areas to increase production. business scale and efficiency. The company also intended to invest in a factory to produce bottled beverages from aloe vera, coconut jelly and fruit; encroaching into the field of cosmetic chemistry from aloe vera.

Accordingly, the capacity of the coconut jelly processing plant and the aloe vera plant was expected to double compared to the current one.

Similarly, PAN Group Joint Stock Company - the leading agricultural group in Vietnam, is also aiming to become the leading corporation in the field of agriculture - food in the region, with an extensive distribution system and complete value chain of Farm - Food - Family. Accordingly, PAN Group will focus on expanding and developing the value chain through M&A of new companies and organically developing existing member companies through developing new projects.

The management of PAN Group said that it would continue to increase the ownership rate in companies that PAN had invested directly or indirectly. At the same time, it would continue to carry out M&A activities, prioritized by member companies, to add important links in the value chain.

With new fields requiring high production technology, patents, and consumption markets, PAN Group is oriented to look for domestic and foreign partners (mainly reputable foreign partners) for joint development and sharing success. Currently, PAN Group has been actively promoting strategic cooperation with large multinational corporations in the agriculture and food industries, with the goal of developing new products, expanding markets and receiving the most advanced technology transfer.

Ms. Nguyen Tra My, General Director of PAN Group, affirmed that if only going alone, it would be difficult to go far. Over the past 10 years, PAN Group had built a complete ecosystem. To achieve this result, in addition to solid internal resources, it travelled with many partners, both domestic and international.

Consolidation in depth

Besides expanding in scale, enterprises are also focusing on research and development (R&D) activities to strengthen their capacity and ensure sustainable development.

According to market research organization IQVIA, Vietnam is classified in the group of Pharmerging Markets - the group of 17 countries with the highest growth rate of the pharmaceutical industry globally.

Pharmaceutical enterprises have increased spending on product research and development activities, invested in building laboratories for drug research and enhanced technology transfer for raw material production.

Enterprises also accelerated in the race to upgrade and build factories according to international standards. Typically, Hau Giang Pharmaceutical Joint Stock Company (DHG Pharma) has started the construction of a Betalactam factory meeting Japan-GMP/EU-GMP standards, Cuu Long Pharmaceutical invested in a pharmaceutical factory project according to EU-GMP standard, Imexpharm's IMP4 factory has received EUGMP certification. The construction of factories with high standards promises to increase the competitiveness of many domestic pharmaceutical enterprises in high-value bidding packages.

However, according to Mr. Doan Dinh Duy Khuong, General Director of DHG Pharma, most domestic enterprises only focused on producing common drugs, while specialized drugs required modernism pharmacy technology were not taken care of. Thereby causing the situation of overlapping production, and competing for the small market segment in the majority of domestic enterprises. The segment of specialized drugs with high quality was completely dominated by foreign enterprises.

Faced with that fact, in 2023, DHG Pharma will continue to focus on upgrading production lines according to global GMP standards and maintaining domestic standards; continue to improve the position and competitiveness of DHG Pharma as a multinational pharmaceutical company. DHG Pharma will also increase investment in research and development of Generic products with high potential, quality and value; network expansion, focusing on branding, product portfolio strategy and key products.

At PAN Group, with serious investment in R&D activities, many member units of the group have been recognized as science and technology enterprises such as Vinaseed, Hanam Hitech (a member unit of Vinaseed), Company CP PAN-HULIC, Aquatex Ben Tre High-tech Fisheries Company Limited, Huro Probiotics Joint Stock Company.

Prominent like Vinaseed, from a unit that only deals in common rice varieties, it has become an enterprise with strong potential in science and technology, annually produces and trades hundreds of thousands of tons of seeds, equivalent to over 2 million planted hectares, accounting for 21% of the market share of plant varieties nationwide. Vinaseed owns a diverse set of products with nearly 50 copyrighted varieties of all kinds, of which four varieties are in the top 10 leading plant varieties in Vietnam. Vinaseed holds the largest and most diverse collection of rice varieties in Vietnam, it is gradually mastering advanced technologies in the process of rice breeding, and hybrid seed production, which contributes to limiting the import of seeds from abroad, and saves foreign currency for the country.

Vinaseed currently has up to 15 research facilities throughout the country's ecological regions, two biotechnology rooms, 500 ha for research and a team of highly qualified and experienced staff.

Another enterprise that also invests heavily in R&D is Rang Dong Lamp and Thermos Joint Stock Company. Rang Dong has established three research and development centres: Lighting R&D Centre, Digital R&D Centre, Research and Development Centre for Commercialization HST- 4.0 on digital platforms (C4Led) and Digital Transformation Strategy Consulting Group with the support of 12 professors, associate professors, over 30 doctors, engineers in many fields.

The investment in R&D has helped Rang Dong achieve strong and sustainable growth despite the fluctuations last time. Specifically, profit after tax in 2022 reached VND 486 billion, up 22% compared to 2021; In the first quarter of 2023, the upward momentum continued to expand to 42%, reaching VND182 billion in net profit - an impressive level in the context of a series of industries and enterprises that are experiencing a very strong decline.

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