Location 58 Nguyen Binh Khiem Street, Da Kao Ward, District
Type Manufacturing Rice
Vietnam Cosmetic Vegetable Oil Flavors Company operates under the parent company-subsidiary model under the Ministry of Industry and Trade's Decision No. 08 / QD-BCN dated March 1, 2005. ) on the approval of the organization and operation charter for more than 4 years. The transformation of Vietnam Vegetable Oils and Flavors Company into Vietnam Vegetable Oil Industry Corporation is necessary, due to the particularity, scale, requirements, development requirements, legal documents, instruments can be as follows:
Although it is a company, but Vietnam Vegetable Oil Flavor and Cosmetic Company operates under the model parent company - subsidiary; Charter capital of Vocarimex is 674,533 billion dong; The parent company, its subsidiaries and associates hold 95% of the market share of edible oil, 20% of the market share in the domestic market and holds the entire oil processing industry. domestic plants; According to Article 54 of the Law on Enterprises, Decree No. 180/2004 / ND-CP and in fact the Company has operated as a corporation for years.
Scale of proportion of the Corporation
Operating capital of parent company Vocarimex: 2008 was VND1,488.665 billion, up 81.93% compared to 2005 (VND818.244 billion); Equity of the parent company: in 2008 was VND675.088 billion, up 22.6% against 2005 (VND550.444 billion); the charter capital of the parent company is VND674,533 billion;
The parent company's investment in other companies was VND 472.7 billion in 2009, an increase of VND 149,286 billion (46.16%) compared to that of 2005. The capital of Vocarimex was increased in units: Vegetable Oil Joint Stock Company increased by 71.4 billion dong, Vegetable Oil Trading Joint Stock Company increased 15.3 billion dong, Vegetable Oil Packaging Joint Stock Company increased 15.47 billion dong, Company Cai Lan Vegetable Oil Co. Ltd increased $ 1.44 million, LG VINA Cosmetic Co., Ltd increased $ 1.2 million.
Scale of production and business:
Total revenue: VND 12,783 billion in 2008, 2.8 times higher than 2005 (4,515 billion VND), an average increase of 44% per year; Paying the budget: In 2008: reaching VND 1,619 billion, increasing 3.2 times compared to 2005 (510 billion VND), increasing 50% / year on average, profit before tax: 109.4 billion VND in 2008 48.5% compared to 2005 (73.38 billion), an average increase of 70% per year;
Market: the whole group accounted for 95% market share of domestic cooking oil, 20% of domestic cosmetics market share;
Production capacity: At present, the whole complex has a production capacity of 3,000 tons per day, of which the parent company, Vocarimex, has the capacity of 400 tons per day, the subsidiaries have the capacity of 1,170 tons per day, In 2015, the whole group will have a capacity of 5,000 tons / day; In 2008 the whole group produced 828,000 tons of edible oil, 129 million (paper cartons, plastic bottles), 2 million cosmetic products. It is expected that by 2015, it will reach 1.5 million tons of cooking oil of all kinds, 350 million packages of all kinds, 3.5 million cosmetics.
Scope of subsidiaries, associates:
In 2005, the whole group had two subsidiaries, now has 4 subsidiaries: Tuong An Vegetable Oil Joint Stock Company, Tan Binh Vegetable Oil Joint Stock Company, Vegetable Oil Trading Joint Stock Company. In 2008, Vocarimex, subsidiaries of Tuong An DvD and Tan Binh JSC; Associated companies of Cai Lan Company Limited and Golden Hope - Nha Be Cooking Oil Company are listed in Top 500 largest enterprises in Vietnam.
Representing Vietnam, the vegetable oil industry in Vietnam
To become a corporation, it will be advantageous to represent Vietnam in associations, associations and commodity organizations with countries in the world; Representing the legitimate interests of enterprises, the oil industry, and consumers of Vietnam in the current international economic integration. Create the position of Vocarimex is enhanced for sustainable development, attract investment.
Legal documents become the Vietnam Vegetable Oil Industry Corporation
According to Official Letter No. 6402 / VPCP-DMDN dated 16 September 2009 of the Office of the Government, the Minister of Industry and Trade issued Decision No. 4799 / QD-BCT dated 28 September 2009 September 2009 to transform Vietnam Vegetable Oil and Flavors Company into Vietnam Vegetable Oil Industry Corporation.
Legal documents become Vietnam Oil Vegetable Industry Corporation - One Member Limited Liability Company
Decision No. 3006 / QD-BCT dated 8 June 2010 on transforming Vietnam Vegetable Oil Industry Corporation into Vietnam Vegetable Oil Industry Corporation - One Member Limited Liability Company.
Producing and trading vegetable oil
Key products & services:
Total annual revenue:
Main markets: Vietnam
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