The group’s pre-tax profit stood at VND 251.63 billion, underscoring its impressive scale and operational efficiency.
Not only did Intimex Group excel in revenue, but it also solidified its position as the industry leader in coffee exports, shipping 255,632 tons of coffee in 2024, capturing a 19% market share in Vietnam.
Mr. Do Ha Nam, the prominent figure behind Intimex Group’s success
The group also exported significant volumes of rice and witnessed a remarkable 142% growth in instant coffee exports, totaling 2,237 tons. However, a surprising detail in the documents was the modest monthly remuneration of VND 10 million for the Chairman of the Board of Directors, Mr. Do Ha Nam, which is expected to remain unchanged for 2025, despite his immense contributions to the conglomerate’s success.
Intimex Group’s impressive presence at the Buon Ma Thuot Coffee Festival 2025
When questioned about this unusual remuneration by Báo Người Lao Động, Mr. Do Ha Nam explained that many company chairmen do not receive any remuneration at all. He also pointed out that he receives a separate salary as the group’s CEO. Therefore, the VND 10 million figure does not reflect his entire income from the company.
Addressing the seemingly low profit compared to the massive revenue and those of other agro-aquatic companies, Mr. Nam acknowledged the typically thin profit margins in the agricultural produce business. Additionally, he attributed it to the group’s significant investments in the instant coffee business, which could impact short-term profits.
Looking ahead, Intimex Group plans to further expand its instant coffee processing plant in 2025 with an investment of VND 435 billion. The group has set ambitious targets for the year, aiming for an import-export turnover of $1.9 billion and a total revenue of VND 99,500 billion, representing a 40% and 28% increase, respectively, from 2024.
In terms of pre-tax profit, the company has projected a figure of VND 301 billion, with VND 90 billion attributed to the company’s head office and branches, and VND 211 billion coming from its subsidiaries.
Moving forward, Intimex Group aims to maintain its position as Vietnam’s leading exporter of coffee and rice while striving to become the top exporter of instant coffee in the country. The group also intends to strengthen its cashew and pepper businesses, diversifying its portfolio, and expanding its services to maximize profits.
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This corporation is the leading entity in the country for coffee export market share and ranks 5th in rice export in 2023.
