Memorandum of Understanding between PAN Group, AGRI SMILE, and Mitsubishi Research Institute
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On September 4th, within the framework of the Vietnam-Japan Public-Private Partnership Forum, PAN Group signed a cooperation agreement with AGRI SMILE and the Mitsubishi Research Institute (MRI). The agreement focuses on field trials for rice crops to assess the absorption of nutrients and climate resilience of biostimulants developed by AGRI SMILE. The parties will also collaborate on registration and distribution plans for the products in Vietnam.
Biostimulants are biological preparations that help plants absorb nutrients and enhance their resistance to drought, salinity, and pests. This is considered a potential solution as Vietnam aims to reduce the use of chemical fertilizers and pesticides, moving towards greener agriculture.
With the increasing demand for safe food in Japan, PAN Group has prioritized this market for its exports. In 2024, the Group recorded consolidated revenue of VND 16,182 billion (USD 650 million), including USD 98 million in exports to Japan, accounting for 34% of its export revenue. Key export products include seafood, nuts, processed fruits, and confectionery.
In addition to traditional items, PAN and its subsidiary Vinaseed are promoting rice exports to Japan. The company believes that the Japanese market for rice presents new growth opportunities and will help affirm the competitiveness of Vietnamese rice brands.
Regarding financial performance, PAN achieved VND 8,147 billion in revenue in the first half of 2025, a 19% increase compared to the same period in 2024. After-tax profit reached VND 458 billion, a 21% rise. The growth was driven by exported tra fish and bottled fish sauce, while plant seeds, cashew nuts, and confectionery segments saw slight increases.
| PAN’s Semi-Annual Business Results |
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In the stock market, PAN shares are currently trading at VND 33,400 per share, a nearly 49% increase within a year, with an average liquidity of over 1.5 million shares per day.
| PAN Share Price Movement in the Past Year |
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– 5:45 PM, September 4, 2025
Unlocking Opportunities: PAN’s Partnership with Japanese Firm Paves the Way for Biostimulants and Vietnamese Rice
Within the Vietnam – Japan Public Private Partnership Forum, PAN Group JSC (HOSE: PAN) signed an agreement with AGRI SMILE and Mitsubishi to develop biostimulants and facilitate the entry of Vietnamese-branded rice into the Japanese market.
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The PAN Group and AGRI SMILE, in collaboration with the Mitsubishi Research Institute, are set to embark on an exciting journey as they pilot a joint project utilizing a biostimulant produced by AGRI SMILE. This innovative initiative will be implemented in the PAN Group’s raw material area, with a specific focus on assessing the nutrient absorption and heat tolerance of crops, particularly rice plants.
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