Co May Lai Vung Co., Ltd | APEA - Asia Pacific Enterprise Awards Asia Pacific Enterprise Awards
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CORPORATE EXCELLENCE CATEGORY

Co May Lai Vung Co., Ltd

Information about the Company
Co May Company was established in 1981. The company operated in soap production before changing to rice production in 1988. In 2004, the company expanded its field of activity by building an Aquatic Feed Plant. Since then, production activities have continuously developed and accomplished many significant achievements.

Product quality and affordable prices are the advantages of Co May's products. Co May has always followed the motto of producing high-quality products, meeting market requirements for quality with low cost, and increasing competitiveness. The company has invested in automatic machine systems for all stages of production, from processing raw materials to producing finished products through modern control systems and processed with electronic computers. Its machinery systems are imported from France, Thailand, Denmark, and others. The final product brought to the market has met the quality requirements of customers.

The Aquatic Feed Plantis is located in Song Hau Industrial Park, Lai Vung District, Dong Thap Province, and has an investment of VND 250 billion and a capacity of 300,000 tons/ year. When it first began operation, the factory had a processing capacity of approximately 120,000 tons/ year. Now the capacity has increased by more than double. In particular, the machinery system is well-invested, operated according to a closed process, optimising production productivity. The consumption market of Co May is mainly in the Mekong Delta region in Vietnam.

Co May is also known for processing and exporting seafood products. In addition, it also participates in many other fields such as rice processing, animal feed production, and production of all kinds of products from mushrooms and vegetables as well as product packaging. The company’s vision is becoming one of the leading belief symbols in rice products, animal feed, aquafeed, and packaging in Vietnam and a leading enterprise in applying modern technology to experimental research and production of products derived from high-value-added agricultural materials. Co May is committed to bringing top quality products with respect, love and high responsibility to society. Its core values include becoming one of the leading belief symbols in the Mekong Delta region in particular and Vietnam in general in terms of products and quality.

Company Culture & Company Activities
Co May's corporate culture puts the motto of respecting people first because the human factor determines the prosperity of an enterprise. Employees at Co May are always guaranteed work in a safe environment, fully equipped, and ensured the rights on a voluntary basis between the two parties.

Along with business activities, Co May also demonstrates its social responsibility through charitable activities such as building a dormitory to take care of 100% of the cost of food, accommodation, foreign language, informatics, soft skills training for excellent students in difficult circumstances; Dong Hanh restaurant, which offers meals costing only VND 2,000 for the elderly, poor, and less fortunates; accompanying the fund "Hieu Ve Trai Tim" and contributing to the charitable journey, comprehensively sponsoring health, nutrition and education for poor children in Vietnam and helping children in remote areas to go to school.

Achievements & Impact
Over the years, Co May has achieved remarkable achievements in the field of aqua feed and animal feed production. Co May is still growing based on a processing plant that invested more than VND 250 billion in 2004 with a processing capacity of more than 300,000 tons per year. At the same time, there is a packaging factory with a capacity of approximately 15 million products per year, of which 50% of the finished product volume serves the packaging of Grass May products. In addition, Co May Group also has a food factory, resort in Phu Quoc, etc. The average revenue of Co May is around VND 4,000 billion per year.

Co May's strategy for sustainable development is the balance between "trust" with partners and "people" in the business. For partners, respect is always a priority. Internally, businesses need 4 factors for sustainable existence, which are institutions, mechanisms, people and culture. In which, applying the mechanism to connect people to the business to create a prosperous life for them and attract and retain talented people for the business. In particular, culture is a characteristic pattern that cannot be underestimated.

Future Direction
Co May is known as an agricultural company associated with rice grains, fish, aquafeed, etc. However, the impact of the era along with the continuous development of technology has prompted Co May to open up a new path, applying 4.0 technology to its agricultural products based on indigenous resources to create added value. Typical for this transformation is the production of new products such as freeze-drying mushrooms, essential oils extracted from rice bran along with the cooperation of leading domestic retail chains such as Co-opmart, Vinmart, Aeon, etc. to deliver May Grass products to consumers nationwide.

CORPORATE EXCELLENCE CATEGORY

Co May Lai Vung Co., Ltd

Information about the Company
Co May Company was established in 1981. The company operated in soap production before changing to rice production in 1988. In 2004, the company expanded its field of activity by building an Aquatic Feed Plant. Since then, production activities have continuously developed and accomplished many significant achievements.

Product quality and affordable prices are the advantages of Co May's products. Co May has always followed the motto of producing high-quality products, meeting market requirements for quality with low cost, and increasing competitiveness. The company has invested in automatic machine systems for all stages of production, from processing raw materials to producing finished products through modern control systems and processed with electronic computers. Its machinery systems are imported from France, Thailand, Denmark, and others. The final product brought to the market has met the quality requirements of customers.

The Aquatic Feed Plantis is located in Song Hau Industrial Park, Lai Vung District, Dong Thap Province, and has an investment of VND 250 billion and a capacity of 300,000 tons/ year. When it first began operation, the factory had a processing capacity of approximately 120,000 tons/ year. Now the capacity has increased by more than double. In particular, the machinery system is well-invested, operated according to a closed process, optimising production productivity. The consumption market of Co May is mainly in the Mekong Delta region in Vietnam.

Co May is also known for processing and exporting seafood products. In addition, it also participates in many other fields such as rice processing, animal feed production, and production of all kinds of products from mushrooms and vegetables as well as product packaging. The company’s vision is becoming one of the leading belief symbols in rice products, animal feed, aquafeed, and packaging in Vietnam and a leading enterprise in applying modern technology to experimental research and production of products derived from high-value-added agricultural materials. Co May is committed to bringing top quality products with respect, love and high responsibility to society. Its core values include becoming one of the leading belief symbols in the Mekong Delta region in particular and Vietnam in general in terms of products and quality.

Company Culture & Company Activities
Co May's corporate culture puts the motto of respecting people first because the human factor determines the prosperity of an enterprise. Employees at Co May are always guaranteed work in a safe environment, fully equipped, and ensured the rights on a voluntary basis between the two parties.

Along with business activities, Co May also demonstrates its social responsibility through charitable activities such as building a dormitory to take care of 100% of the cost of food, accommodation, foreign language, informatics, soft skills training for excellent students in difficult circumstances; Dong Hanh restaurant, which offers meals costing only VND 2,000 for the elderly, poor, and less fortunates; accompanying the fund "Hieu Ve Trai Tim" and contributing to the charitable journey, comprehensively sponsoring health, nutrition and education for poor children in Vietnam and helping children in remote areas to go to school.

Achievements & Impact
Over the years, Co May has achieved remarkable achievements in the field of aqua feed and animal feed production. Co May is still growing based on a processing plant that invested more than VND 250 billion in 2004 with a processing capacity of more than 300,000 tons per year. At the same time, there is a packaging factory with a capacity of approximately 15 million products per year, of which 50% of the finished product volume serves the packaging of Grass May products. In addition, Co May Group also has a food factory, resort in Phu Quoc, etc. The average revenue of Co May is around VND 4,000 billion per year.

Co May's strategy for sustainable development is the balance between "trust" with partners and "people" in the business. For partners, respect is always a priority. Internally, businesses need 4 factors for sustainable existence, which are institutions, mechanisms, people and culture. In which, applying the mechanism to connect people to the business to create a prosperous life for them and attract and retain talented people for the business. In particular, culture is a characteristic pattern that cannot be underestimated.

Future Direction
Co May is known as an agricultural company associated with rice grains, fish, aquafeed, etc. However, the impact of the era along with the continuous development of technology has prompted Co May to open up a new path, applying 4.0 technology to its agricultural products based on indigenous resources to create added value. Typical for this transformation is the production of new products such as freeze-drying mushrooms, essential oils extracted from rice bran along with the cooperation of leading domestic retail chains such as Co-opmart, Vinmart, Aeon, etc. to deliver May Grass products to consumers nationwide.