VISSAN Joint Stock Company will continue to supply fresh food to the HCM City market though some its workers were found infected with COVID-19 coronavirus.
Vissan Joint Stock Company reported pre-tax profits of nearly VND208 billion (US$9.01 million) on revenues of VND5.16 trillion ($223.4 million) for last year, in both cases achieving the targets it set for itself.
VISSAN Joint Stock Company, which processes and sells fresh and frozen meat and processed foods, said it began preparing ingredients last June for producing products for the Tết (Lunar New Year) holiday this year
Authorities have been increasing imports to contain prices, and even allowed for the first time imports of live pigs to cater to people’s preference for fresh meat over frozen meat.
Vissan Joint Stock Company targets revenues of VND5.58 trillion (US$240.1 million) and pre-tax profits of VND180 billion ($7.73 million) this year, 12 per cent up and 20 per cent down from 2019.
Food processing firms in HCM City have stepped up production to meet demand while also enhancing safety measures for their staff amid the Covid-19 pandemic.
Leading food processor Vissan Joint Stock Company reported pre-tax profits of VND212.66 billion (US$9.19 million) on revenues of VND4.9 trillion ($211.6 million) last year, representing increases of 22 per cent and 10 per cent.
A number of food companies based in HCM City are planning to relocate their manufacturing facilities to neighbouring provinces for various reasons including cost.