(vasep.com.vn) Vinh Hoan Corporation’s collagen processing plants, which received a total investment of VND450 billion, is planned to run in line in late 2014. The project was listed in the high-tech group; therefore, Vinh Hoan Corp is able to get loan, which may fulfill 85 percent of total fund, with zero interest rate.
Vinh Hoan Collagen 5 Joint Stock Company will enjoy the tax exemption in the first four years of operation. The company has had meeting with partners from the EU, Japan and the domestic market to promote its new products.
Vinh Hoan Corp’s Administrative Council expected that collagen products would bring back a net profit of VND35 billion in 2014, VND49 billion in 2015 and VND118 billion in 2016.
Optimism in pangasius exports
According to SSI Research, Vinh Hoan’s business activities are quite positive in 2013, when price of exported pangasius increases and expenses for feed and loan interest rate decrease.
In 2013, Vinh Hoan Corp is expected to generate VND5,023 billion, up 18 percent over the previous year. Net profit made by the mother company would be around VND238 billion, up 13.3 percent.
In the first quarter of 2013, Vinh Hoan Corp totaled VND1,073 billion of turnover and VND50.2 billion of net profit, up 1.9 percent from the same quarter of 2012 and 16.4 percent from the previous quarter.