VISSAN Joint Stock Company targets revenues of VND4.54 trillion (US$199.7 million) and a pre-tax profit of VND156 billion ($6.8 million) this year, respectively 23 per cent and 5 per cent higher year-on-year.

Its pork and processed food output are expected to increase by more than 35 per cent to 28,500 tonnes and by 14.5 per cent to 19,760 tonnes, Van Duc Muoi, the company’s general director, told the annual shareholders meeting in HCM City on April 5.

Last year the company earned a pre-tax profit of VND148.2 billion ($6.5 million) on revenues of VND3.68 trillion ($161.57 million), respectively 92 per cent and 119 per cent of its yearly target, he said.

This year the company would continue to focus on food safety and traceability of products to benefit the community as well as its shareholders, he said.

It plans to invest more in processing technologies to expand capacity, roll out new products and acquire HACCAP certification for its equipment, he said.

Building a food-processing cluster in Long An Province and expanding its distribution system in both the domestic and foreign markets are among its other tasks for the year, he said.

The company has set itself a target of becoming the largest food producer, processor and distributor in the country and the region and achieving a 3 F (feed-farm-food) safe food chain, he said.

At the meeting, shareholders voted for Nguyen Ngoc An as the new general director to replace the retiring Van Duc Muoi.

Vissan has a 65 per cent share of the sausage market, 40 per cent share of the frozen food market, 30 per cent share of the meat pie market and 20 per cent share of the canned food market.

It has more than 130,000 outlets across the country. — VNS