An Giang Import-Export

What An Giang Import-Export does

An Giang Import-Export Joint Stock Company (Angimex, HOSE: AGM) is a Vietnamese rice and agricultural commodities company founded on July 23, 1976 as a state-owned enterprise and equitized to a joint stock company on January 1, 2008. The company runs a vertically integrated rice value chain spanning raw material sourcing, milling/processing across 12 facilities in An Giang province, and distribution through 80+ retail stores, an authorized dealer network, and B2B partnerships with Saigon Co.op and Hapro (Hanoi Commerce Corporation). Branded rice products are sold under names including Gạo Ngọc, An Gia, Mục Đồng, and Angimex Furious, alongside a Japanese-co-branded Angimex-Kitoku line in joint venture with Kitoku Shinryo. Beyond rice, Angimex distributes Honda motorcycles through multiple HEAD Angimex dealerships in Long Xuyên and Châu Đốc, and sells fertilizers, seeds, and other agricultural inputs through its agricultural materials unit.

Core revenue streams historically came from rice export to markets including Japan (meeting 593 quality criteria), the Middle East, and other regions, and from domestic rice retail, with peak disclosed revenue of over VND 2,225 billion (~$100M USD) on 172,695 tons of rice exports in 2012. The company has also pursued adjacent revenue lines including the Coopmart Long Xuyên supermarket (joint venture) and a real estate/agriculture initiative with Louis Capital and Louis Land valued at over VND 1,400 billion. Underlying technology is centered on conventional rice processing — color sorting machines, stone removal systems, and quality inspection — without disclosed AI/ML, proprietary software, or digital platform components.

Recent data indicate a structurally weaker business: AGM stock was placed under controlled trading on HOSE effective March 21, 2024; 2024 revenue was approximately VND 9.45 trillion with a net loss of VND 10.2 trillion; 2025 revenue fell to VND 817 billion with a net loss of VND 3.98 trillion. Angimex is pursuing a 2026 restructuring plan with debt resolution proposals of "hundreds of billions of VND" and divested 45% of its core subsidiary Angimex Food in January 2025, followed by additional share offerings through 2026.

Name

An Giang Import-Export

Legal name

Công ty Cổ phần Xuất Nhập Khẩu An Giang

Website

https://angimex.com.vn

Company type

Public

Founded year

1976

Operating status

Operating

Headcount range

1–10 employees

Short description

Angimex is a Vietnamese rice and agricultural commodities company operating a vertically integrated farm-to-retail model through 12 processing facilities and 80+ retail stores, exporting to Japan and the Middle East while also distributing Honda motorcycles under the HEAD Angimex brand; publicly listed on HOSE under ticker AGM.

Ownership category

akta.pro rank

Product category

Rice and Agricultural Commodity Trading

NAICS

Rice Milling (311212)

SIC

Grain Mill Products (2040), Food And Kindred Products (2000)

akta.pro primary industry

Rice & Grain Processing (milling, polishing, parboiling, blending) (AFAKABAE)

Keywords

• Rice export trading
• Agricultural commodity processing
• Branded consumer rice
• Agricultural inputs supply
• Honda motorcycle dealership

Headquarters

HQ city

Long Xuyên

HQ country

Vietnam

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Rice Export: Export of rice products including fragrant rice and high-quality rice varieties to international markets such as Japan, Middle East, and other regions
2. Domestic Rice Sales: Sales of branded rice products (Gạo Ngọc, An Gia, Mục Đồng) through retail stores, dealers, and supermarkets
3. Motorcycle Distribution: Distribution of Honda motorcycles through HEAD Angimex dealership network
4. Agricultural Inputs: Sales of fertilizers, rice seeds, and agricultural supplies through agricultural material stores

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Angimex is engaged in the production, processing, and trading of rice, as well as the distribution of agricultural materials (fertilizers and rice seeds). Its core operations span rice milling and processing at 12 facilities in An Giang province, domestic branded rice sales (Gạo Ngọc, An Gia, Mục Đồng), international rice export, and complementary businesses including Honda motorcycle distribution through HEAD Angimex dealerships and agricultural inputs.

Product overview

Angimex (Công ty Cổ phần Xuất Nhập Khẩu An Giang) operates a diversified business ecosystem centered on its core agricultural export business, primarily rice and grain products. The company structure includes Angimex Food as its main food/rice subsidiary, Angimex-Kitoku (joint venture with Japanese partner Kitoku Shinryo), DASCO, and Angimex Furious sub-brands for rice products sold under consumer brands like Gạo Ngọc, An Gia, and Mục Đồng. Beyond rice, Angimex operates HEAD Angimex Honda motorcycle dealerships and maintains retail presence through Coopmart Long Xuyên. The company also engages in fertilizer and seed distribution, and operates rice processing facilities including the Bình Thành processing complex.

Differentiator

Problem solved

Functional benefit

Brands

• Angimex Food: Rice and food processing subsidiary, a core operating brand of Angimex
• Angimex-Kitoku
• DASCO
• Gạo Mục Đồng (Muc Dong Rice)
• Gạo Ngọc
• An Gia
• HEAD Angimex
• Coopmart Long Xuyên

Products and services

• Angimex Branded Rice (Gạo Ngọc, An Gia, Mục Đồng) Consumer rice products marketed under Angimex's own brands including Gạo Ngọc, An Gia, and Mục Đồng. Sold through Angimex rice retail stores (Cửa hàng gạo Angimex) and an authorized dealer network of 80+ stores nationwide, as well as through Saigon Co.op and HaproMart supermarket partnerships. Packaged in 5kg and 10kg bags for Vietnamese households.
• Export Rice (Fragrant and Premium Rice) Bulk and packaged rice exported to international markets including Japan, Middle East, and other regions. Includes fragrant and premium rice varieties meeting stringent international quality standards (such as Japan's 593 quality criteria). Customers include international rice importers and government stockpile programs. In 2012, 172,695 tons were exported with revenue exceeding $66 million USD.
• Agricultural Inputs (Fertilizers and Rice Seeds) Sales of fertilizers, rice seeds, and other agricultural supplies through Angimex's agricultural material stores in An Giang province. Supports local farmers in the Mekong Delta region as part of raw material zone development and farm input supply programs.
• Honda Motorcycle Distribution (HEAD Angimex) Authorized Honda motorcycle dealership and distribution network operating under the HEAD Angimex brand in An Giang province. Includes sales, after-sales service, maintenance-repair, and comprehensive Honda business operations. Pricing follows Honda Vietnam's official price list.

Quantifiable outcome

• Achieved 57,585 tons fragrant rice export in 2012, exceeding plan by 15% and growing 115% vs 2011
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• SyngentacoreStrategic or Co-development Partner · 24 August 2022Collaboration on implementing high-quality rice production model using advanced technology linked with product consumption. Partnership focuses on sustainable farming practices and farmer support in An Giang province.
• Ngân hàng Bản Việt (Ban Viet Bank)minorStrategic or Co-development Partner · 1 August 2022Banking partnership for financial services and business development support. Bank will accompany Angimex on future development journey.
• Louis Capital and Louis LandcoreStrategic or Co-development Partner · 15 September 2021Strategic partnership for a major real estate development project valued at over VND 1,400 billion in An Giang province. Louis Capital and Louis Land serve as co-investors and developers for the project which includes integrated agricultural and real estate development.
• Hapro (Hanoi Commerce Corporation)coreChannel Partner/ Reseller/ Distributor · 2 April 2013Memorandum of understanding signed for comprehensive rice product development cooperation for both export and domestic markets. Hapro operates HaproMart supermarket chain and other retail outlets in Hanoi region.
• Saigon Co.opcoreChannel Partner/ Reseller/ Distributor · 20 April 2011Angimex serves as strategic supplier of rice products to Saigon Co.op supermarket chain operating numerous retail outlets across Vietnam.
• Kitoku Shinryo (Japan)minorStrategic or Co-development PartnerJapanese partner company for rice business. Angimex provided USD 5,000 support to Kitoku Shinryo employees affected by the March 11, 2011 earthquake and tsunami disaster.
• Honda VietnamcoreChannel Partner/ Reseller/ DistributorAuthorized Honda motorcycle distributor (HEAD Angimex) operating multiple dealership outlets in An Giang province. Includes sales, maintenance-repair services, and comprehensive Honda business operations.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Others

• Saigon Co.op: Vietnamese retail cooperative and supermarket chain that is also Angimex's downstream distribution partner; comparable as a key channel/buyer for Angimex's domestic branded rice.

Broad incumbents

• Olam International (Olam Agri): Global rice and agricultural commodities trader; comparable to Angimex as a major rice exporter with international distribution, though much larger and broader in scope.
• KITOKU Shinryo: Japanese rice importer and existing Angimex partner; comparable because it represents the demand-side Japanese rice market Angimex supplies into the 593-criteria quality channel.

Emerging players

• Vinaseed (Vietnam National Seed Group): Vietnam's largest seed company with adjacencies in rice seed production and agricultural inputs; comparable to Angimex's agricultural inputs and seed distribution business in the Mekong Delta.

Direct peers

• Tân Long Group: Major private Vietnamese rice exporter (Louis Rice brand); comparable to Angimex as a Mekong Delta rice exporter with international distribution and branded consumer products.
• Lộc Trời Group: Mekong Delta-based rice and agricultural inputs company serving both domestic and export markets with branded rice; directly comparable to Angimex on integrated rice production, milling, and farmer sourcing model.
• Gentraco: Vietnamese agribusiness rice and agricultural inputs company operating in Mekong Delta; comparable to Angimex via overlapping rice sourcing, processing, and agricultural inputs operations.
• Vinafood2 (Vietnam Northern Food Corporation): Vietnam's other state-owned rice export corporation; directly comparable to Angimex because both procure paddy from farmers, mill/process rice, and export to international markets.
• Trung An Hi-tech Agriculture: Vietnamese rice miller and exporter focused on high-quality and organic rice for export; directly comparable to Angimex on rice processing for premium export markets.
• Vinafood1 (Vietnam Southern Food Corporation): State-owned rice exporter under Vietnam's Ministry of Agriculture; directly comparable to Angimex as a Vietnamese rice procurement and milling entity serving both domestic and export markets.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/an-giang-import-export-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about An Giang Import-Export