On March 8, 2024, F.I.T Group formally celebrated the 17th anniversary of its foundation under the theme “17 Years of Sustainable Creation”. The event marked a pivotal moment in the dazzling and proud journey of development of Vietnam’s leading multi-industry economic Group.
The event was attended by Chairman Nguyen Van Sang, along with board members, the Group’s Executive Board, Subsidiaries, and the collective staff of the entire Group.
A comprehensive view of F.I.T Group’s 17th anniversary of its foundation
At the 17th anniversary celebration, Chairman Nguyen Van Sang stated: “F.I.T Group’s journey to Enhance the quality of life still has many more ambitious goals and challenges ahead, but I believe that with the passion and the pioneering spirit of youth, strong determination, creativity, and intelligence, F.I.T Group will overcome these challenges and reach proud milestones, contributing to the sustainable development of the Group and bringing practical value to the community and society.”
Over 17 years, F.I.T Group has embarked on a proud journey with a steadfast goal of creating a reputable and strong brand in the market, while also bringing practical values to shareholders, customers, partners, employees, and the community and society.
Founded in 2007 as a financial investment company, with the ambition to enter into highly potential business sectors and the executive board’s experience in strategy development, operations management, finance, and business, F.I.T Group has made the right move in selecting industries to invest in based on its strengths. After 17 years of preseverance in fulfilling the mission of “Enhancing the Quality of Life”, F.I.T Group has truly shown remarkable development, becoming an economic group in various potential industries and making a mark in four key segments: Pharmaceuticals; FMCG (including Beverages and Cosmetics); Agriculture – Food, and Real Estate.
According to the latest financial report for Q4/2023, F.I.T Group is currently a multi-industry group that has 18 subsidiaries, with total assets reaching almost 7,725 billion VND, revenue in 2023 reaching nearly 1,754 billion VND, and charter capital of approximately 3,399 billion VND.
In the Pharmaceuticals segment: Duoc Cuu Long (DCL), a member of F.I.T Group since 2015, is the largest unit in Vietnam capable of producing high-quality empty capsules (capsule) with a modern production line from Canada. In 2023, DCL achieved a revenue of over 1,170 billion VND, an increase of 13% compared to 2022; total assets increased from 2,105 billion VND to over 2,277 billion VND; owner’s equity increased from over 1,392 billion VND to over 1,451 billion VND. With continuous efforts to improve and enhance the health of the Vietnamese people, last year, DCL was honored to receive many major awards, contributing to confirming its position such as: Top 10 reputable brands in Asia; Top 10 best places to work in Vietnam; Cefixim 200 product brand awarded the Top 10 quality products.
In the Beverage business: After acquiring Vikoda in 2016, F.I.T Group implemented a strategic transformation, product positioning, and successfully built the reputation of Vikoda in the beverage market. To date, the company’s revenue has grown nearly 200% compared to before F.I.T Group’s investment. Net income in 2023 recorded a more than 40% increase compared to 2022. Besides providing superior health benefits, the products in the beverage business of the Group, especially the natural alkaline mineral water brand Vikoda, have made a strong impression on consumers by becoming a health care drink that originates from the essence of nature, and at the same time spreads positive energy about achieving a balanced life. Currently, Vikoda is present in most provinces and cities nationwide with over 1000 partners in distribution channels, including 173 supermarkets, 3600 convenience stores, 50 luxury resorts, more than 70 4-5 star hotels, and reputable e-commerce platforms that offer the company’s products on a daily basis.
In the Cosmetics segment: F.I.T Group owns 2 companies: F.I.T Cosmetics and Today Cosmetics with superior production capacity and a wide distribution network across the country. The personal care and family care products of F.I.T Group have become familiar to Vietnamese families. With a clear strategy in developing product lines from natural sources, safe for users and environmentally friendly, in 2023, F.I.T Group successfully led the biotechnology trend in Vietnam by continuing to launch the Tero Biotechnology product line produced with multi-enzyme technology, with 100% enzymes from Europe.
In the Agriculture – Food segment: Focusing mainly on processing and exporting frozen and canned agricultural products worldwide, Westfood, a subsidiary of F.I.T Group, is increasingly affirming its stature and reputation internationally, with two main product lines of IQF frozen fruits and canned fruits being present and favored in many countries and continents around the world. According to Vietnam’s 2022 export figures, Westfood is currently ranked fourth in terms of export value for frozen fruits, and is among the top 10 companies for canned fruit exports. In September 2023, the Hau Giang Agricultural and Food Processing Factory Complex (Westfood Hau Giang Plant) officially began construction in the Hau River industrial zone, Hau Giang province. Once completed, Westfood Hau Giang is expected to be one of the largest agro processing plants in the Mekong Delta, annually supplying over 30,000 tons of finished products to meet domestic consumption and export demands worldwide.
In the Real Estate sector: F.I.T Group focuses on steady and firm progress, targeting the mid and high-end segments with practicality as a priority. Alongside the mission of “Enhancing the Quality of Life”, F.I.T Group is working towards a balanced combination of profit and sharing values about the community and society.
The event was a moment not only for each individual to look back on the Group’s 17 years of proud development but also to ignite the united spirit and determination of the entire Board of Directors and staff to embark on a new era of sustainable prosperity. With a professional personnel system and a systematic business strategy, F.I.T Group is taking firm steps towards the goal of becoming a prosperous, multi-industry group with distinctive, top-quality products and services, enhancing the quality of life; a place where talent is gathered and honored by society.
