An Phat Holdings JSC | APEA - Asia Pacific Enterprise Awards

MASTER ENTREPRENEUR CATEGORY

Pham Anh Duong
Chairman


An Phat Holdings JSC
www.anphatholdings.com


Information about Entrepreneur
Founded in 2002, An Phat Holdings Group is now one of the leading companies in the field of advanced technology and environmentally friendly plastic production in Southeast Asia. In particular, An Phat Holdings is proud to be the only Vietnamese enterprise and one of the few enterprises in the world that currently possess the technology and patent for the manufacturing of compostable products. According to the latest report, only 10 companies can manufacture such products, including 4 top companies in countries with advanced technology to develop environmentally friendly products. APH is the leading enterprise in Vietnam in this field as well as one of the 5 representatives in Asia in the European Bioplastics Association.

An Phat Holdings’ AnEco products are the safest and most environmentally friendly products with outstanding advantage of short decomposition time (6 -12 months in the natural burial or industrial composting system) without releasing any microplastic into the environment. AnEco products meet rigorous standards such as TUV OK Compost INDUSTRIAL (evaluation criteria for the "industrial composting" label) or TUV OK Compost HOME (evaluation criteria for the "home composting" label).

In addition, An Phat Holdings’ compostable products have also attained many of the world’s leading prestigious certificates such as BPI Compostable of the United States, DIN Certo Compostable and Biobased 50 – 85% of Germany.

Pham Anh Duong, Founder and Chairman of An Phat Holdings is the pioneer in the trend of "Going Green" in Vietnam.
A Pioneer in the trend of “Going Green” in Vietnam
Since 2015, white pollution (caused by plastic bags and waste) has turned into an alarming problem around the world. There are more than 9.1 billion tons of plastic waste in the environment. Plastic wastes, even being collected in landfill, are still a serious risk factor for human and animal health.

Facing the situation of "white pollution", Mr Duong was concerned about the environment as well as the future of the plastic industry. At that time, An Phat Holdings was the leading mono-layer packaging manufacturer in Southeast Asia. However, in order to develop the alternatives for plastic bags and other disposable plastic products, An Phat decided to implement a new project to manufacture fully compostable AnEco environmentally friendly products.

This was considered as a bold step by An Phat Holdings when investing in production lines and input materials due to the high opportunity cost. Compostable materials (PLA) derived from starch is quite scarce and more expensive than conventional plastic raw materials. Therefore, the price of compostable products will be higher than conventional plastic products. In addition, it is not easy to change consumers' purchasing behavior when the market is still cautious about compostable products.

As a result, this was a difficult problem for Mr Duong to find solutions for. However, due to Mr. Duong’s concerns about for the negative impacts of plastic wastes on the lives and health of future generations, he was even more determined. The bravery of the businessman is shown by never giving up even in the most difficult situations.

Besides finding solutions to solve the puzzle of high compostable product prices by cutting production costs, breaking even or even suffering a loss, An Phat Holdings persistently persuaded each supermarkets, shops and consumers in order to change their habits from using conventional plastic and disposable products into environmentally friendly products. Thus, AnEco products are currently available in several major market globally such as Europe and the United States. In Vietnam, AnEco products are being distributed in big supermarket chains such as Big C, Lotte Mart, Co.op Mart and Mega Market. Big businesses such as Lotte Hotel, Daewoo Hotel, Starbucks, The Coffee House or Vinamilk has also started using AnEco products. Nothing worth having comes easy. An Phat Holdings' success today is created by the persistence and the relentless efforts of the whole organization.

Sustainable Development
On July 28, 2020, An Phat Holdings was officially listed on the Ho Chi Minh Stock Exchange (HOSE). According to Chairman Pham Anh Duong, through this IPO, An Phat Holdings Group will seize cooperation opportunities to attract new investors, bring potential opportunities for domestic and foreign investors as well as raising capital to build the first compostable material manufacturing plant in Vietnam called AnBio.

Being able to manufacture its own compostable raw materials will help An Phat Holdings become both a finished product manufacturer and a supplier for “green” raw materials. As a result, An Phat Holdings’ compostable products will reach the hands of more customers in Vietnam and all around the world.

MASTER ENTREPRENEUR CATEGORY

Pham Anh Duong
Chairman

Information about Entrepreneur
Founded in 2002, An Phat Holdings Group is now one of the leading companies in the field of advanced technology and environmentally friendly plastic production in Southeast Asia. In particular, An Phat Holdings is proud to be the only Vietnamese enterprise and one of the few enterprises in the world that currently possess the technology and patent for the manufacturing of compostable products. According to the latest report, only 10 companies can manufacture such products, including 4 top companies in countries with advanced technology to develop environmentally friendly products. APH is the leading enterprise in Vietnam in this field as well as one of the 5 representatives in Asia in the European Bioplastics Association.

An Phat Holdings’ AnEco products are the safest and most environmentally friendly products with outstanding advantage of short decomposition time (6 -12 months in the natural burial or industrial composting system) without releasing any microplastic into the environment. AnEco products meet rigorous standards such as TUV OK Compost INDUSTRIAL (evaluation criteria for the "industrial composting" label) or TUV OK Compost HOME (evaluation criteria for the "home composting" label).

In addition, An Phat Holdings’ compostable products have also attained many of the world’s leading prestigious certificates such as BPI Compostable of the United States, DIN Certo Compostable and Biobased 50 – 85% of Germany. Pham Anh Duong, Founder and Chairman of An Phat Holdings is the pioneer in the trend of "Going Green" in Vietnam.

A Pioneer in the trend of “Going Green” in Vietnam
Since 2015, white pollution (caused by plastic bags and waste) has turned into an alarming problem around the world. There are more than 9.1 billion tons of plastic waste in the environment. Plastic wastes, even being collected in landfill, are still a serious risk factor for human and animal health.

Facing the situation of "white pollution", Mr Duong was concerned about the environment as well as the future of the plastic industry. At that time, An Phat Holdings was the leading mono-layer packaging manufacturer in Southeast Asia. However, in order to develop the alternatives for plastic bags and other disposable plastic products, An Phat decided to implement a new project to manufacture fully compostable AnEco environmentally friendly products.

This was considered as a bold step by An Phat Holdings when investing in production lines and input materials due to the high opportunity cost. Compostable materials (PLA) derived from starch is quite scarce and more expensive than conventional plastic raw materials. Therefore, the price of compostable products will be higher than conventional plastic products. In addition, it is not easy to change consumers' purchasing behavior when the market is still cautious about compostable products.

An Phat Holdings JSC
www.anphatholdings.com


As a result, this was a difficult problem for Mr Duong to find solutions for. However, due to Mr. Duong’s concerns about for the negative impacts of plastic wastes on the lives and health of future generations, he was even more determined. The bravery of the businessman is shown by never giving up even in the most difficult situations.

Besides finding solutions to solve the puzzle of high compostable product prices by cutting production costs, breaking even or even suffering a loss, An Phat Holdings persistently persuaded each supermarkets, shops and consumers in order to change their habits from using conventional plastic and disposable products into environmentally friendly products. Thus, AnEco products are currently available in several major market globally such as Europe and the United States. In Vietnam, AnEco products are being distributed in big supermarket chains such as Big C, Lotte Mart, Co.op Mart and Mega Market. Big businesses such as Lotte Hotel, Daewoo Hotel, Starbucks, The Coffee House or Vinamilk has also started using AnEco products. Nothing worth having comes easy. An Phat Holdings' success today is created by the persistence and the relentless efforts of the whole organization.

Sustainable Development
On July 28, 2020, An Phat Holdings was officially listed on the Ho Chi Minh Stock Exchange (HOSE). According to Chairman Pham Anh Duong, through this IPO, An Phat Holdings Group will seize cooperation opportunities to attract new investors, bring potential opportunities for domestic and foreign investors as well as raising capital to build the first compostable material manufacturing plant in Vietnam called AnBio.

Being able to manufacture its own compostable raw materials will help An Phat Holdings become both a finished product manufacturer and a supplier for “green” raw materials. As a result, An Phat Holdings’ compostable products will reach the hands of more customers in Vietnam and all around the world.