General intro
Siam Brothers Vietnam Joint Stock Company, formerly known as Siam Brothers Vietnam Limited Liability Company, was established in 1995 under Investment Certificate No. 1321/GP issued by the State Committee for Cooperation and Investment (now the Ministry of Planning and Investment) on July 18, 1995. The company operates with 100% investment from Siam Brothers Group - Thailand. Siam Brothers Group is a leading manufacturer of fishing nets in Thailand with nearly 50 years of experience in producing ropes and nets for the fishing, seafood, maritime, construction, industrial, and agricultural sectors.
Over the course of 25 years, the company has faced various challenges and changes, adapting and growing to achieve positive results. Its products are highly regarded by customers and increasingly popular. The company currently operates four active factories with a total designed capacity of over 14,000 tons of products per year. These factories are equipped with state-of-the-art production lines imported from Italy, Germany, Japan, India, and Thailand. Currently, the company is a leading manufacturer and supplier of fishing nets in Vietnam, and it has expanded its business into new sectors such as agriculture, aquaculture, safety products, and maritime, which have proven to be successful decisions in its business strategy.
The key milestones in the company's development are as follows:
July 1995: Received the Investment Certificate to establish the company with a registered investment capital of USD 6,097,000, including USD 2,000,000 in legal capital.
July 1995: Factory No. 1 started operating.
2008: Factory No. 2 started operating; Completed the procedures to own 41,506.21 m2 of land for the construction of Factory No. 3.
September 2009: Converted the company from a limited liability company to a joint stock company. Shareholders contributed capital to increase the charter capital from VND 33.6 billion to VND 80 billion.
June 2013: Factory No. 3 started operating. The company increased its charter capital from VND 80 billion to VND 122.7 billion.
2014: Increased charter capital from VND 122.7 billion to VND 163.4 billion.
2016: Increased charter capital from VND 163.4 billion to VND 205.4 billion through the issuance of 4,200,000 shares to the public.
The company became a public company on September 7, 2016, according to Decision No. 8605/UBCK-GSĐC dated December 29, 2016, of the State Securities Commission.
May 2017: The company was officially listed on the Ho Chi Minh City Stock Exchange with the trading code SBV, following Decision No. 145/QD-SGDHCM dated May 3, 2017.
December 2017: Increased charter capital from VND 205.4 billion to VND 273.67 billion through the distribution of dividends in the form of shares at a ratio of 3:1.
September 2019: Siam Brothers Vietnam Trading and Services Limited Liability Company was established, with 100% capital owned by Siam Brothers Vietnam Joint Stock Company, to standardize the management of the distribution system and the production and management activities.
2020: Siam Solar Vietnam Trading and Services Limited Liability Company was established, with 100% capital owned by Siam Brothers Vietnam Joint Stock Company.
Currently, SBVN products are present in all coastal provinces. Moreover, the company is expanding its products to other provinces specialized in agriculture and cultivation, among others. The distribution system is spread across continents worldwide, including Sri Lanka, Madagascar, Norway, Ireland, the United States, the Netherlands, Nicaragua, Sudan, Thailand, Malaysia, Cambodia, Singapore, Indonesia, Australia, Japan, and New Zealand.
Management Model:
From January 1, 2018, until April 24, 2018, Siam Brothers Vietnam Joint Stock Company (the Company) implemented a model with a Board of Directors and a Control Board. Since April 24, 2018, the Company has adopted a model with an Audit Subcommittee (under the Board of Directors) according to the 2014 Law on Enterprises.
Branches and Factories:
Factory 1: 87/1 Quoc Lo 1A, Tan Thoi Hiep Ward, District 12, Ho Chi Minh City.
Factory 2: Lot A 201-202 C, Thai Hoa Industrial Park, Duc Lap Ha, Duc Hoa, Long An.
Factory 3: Lot E, Thai Hoa Industrial Park, Duc Lap Ha, Duc Hoa, Long An.
Factory 4: Lot E, Thai Hoa Industrial Park, Duc Lap Ha, Duc Hoa, Long An.
Subsidiary Companies:
Siam Brothers Vietnam Trading and Service Limited Liability Company: 162 Pasteur, Ben Nghe Ward, District 1, Ho Chi Minh City.
Siam Solar Vietnam Trading and Service Limited Liability Company: Lot E, Thai Hoa Industrial Park, Duc Lap Ha, Duc Hoa, Long An.
Development Direction:
The company's main objectives are to achieve excellent operational efficiency, provide the highest customer satisfaction in the industry by delivering high-quality products, services, and solutions through innovative and profitable methods. Additionally, the company aims for the highest financial performance and builds the highest value for shareholders, creating a dynamic and challenging working environment for its staff.
Medium- and Long-Term Development Strategy:
In the medium term, the company focuses its resources on improving and standardizing domestic distribution solutions, gradually improving product solution groups for target markets, expanding export markets, and developing the company's business model based on Industry 4.0 technology.
Sustainable Development Goals (Environment, Society, and Community) and Related Programs:
Due to the nature of SBVN's industry, which uses virgin resin as the main raw material and involves energy-intensive production activities with a large amount of CO2 emissions, the company has positioned itself as one of the key enterprises that need to change and actively contribute to society's environmental protection efforts.
On the occasion of World Oceans Day on June 8, 2019, the company signed a cooperation agreement with the National Volunteer Center and partners to organize the "Clean the Beach" program. During the launching ceremony, the Vice Chairman of the Board of Directors directly participated and presented 280 sets of nets worth 1 billion Vietnamese Dong to 28 coastal provinces for collecting waste on the sea. These are products produced by the company itself and sent to the markets where the company operates as a gratitude to consumers and a contribution to spreading the message of environmental protection.
The company is aiming to use a subsidiary within its own ecosystem to promote the conversion of waste output into input raw materials and, in the near future, collect plastic waste from the company's product consumption markets for recycling and reuse, contributing to reducing plastic waste. This is the joint effort of the company and 10 other partners in Vietnam, such as VINAFIS, VINATUNA, etc., in the German Government-approved Project on Preventing, Reducing, and Recycling Plastic Waste from Fishing Nets in Vietnam, implemented by the Ministry of Agriculture and Rural Development of Vietnam. Furthermore, the company actively collaborates with VTV6 Television to communicate to the public, especially fishermen, about protecting the marine environment, traditional livelihoods, and building a sustainable marine environment. Additionally, since 2020, the company has invested in a rooftop solar power system with the goal of self-generating energy to serve its production activities, contributing to Vietnam Government's commitment to achieving Net Zero targets by 2050 in the COP26 conference.
With the main raw material being resin, the company's business operations are greatly affected by the fluctuation of raw material prices and are particularly sensitive to political events. In the current situation as well as the future direction of expanding into various continents worldwide, international transportation costs will always be a factor that the leadership team needs to consider to ensure profitable business operations. With the concentration of production in Ho Chi Minh City and Long An, the company's distribution activities rely entirely on nationwide transport services. Therefore, when natural disasters, epidemics, or any environmental factors impede transportation activities, the company's operations are significantly affected. Additionally, with the increasingly strict environmental regulations and requirements, the company will need to invest more in improving its operational environment to contribute to the planet's protection."
SIAM BROTHERS VIETNAM JOINT STOCK COMPANY
Address: 177 Hai Ba Trung street, Ward 6, District 3, Ho Chi Minh City, Viet Nam
Tax code: 0300812161
Phone: (+84) 28 38 912 889
Hotline: 1800 6129
Email: info@sbg.vn
Website: www.siambrothersvn.com
