- Sector
- Process industries
- Industry
- Textiles
- Address
- Ho Chi Minh City Vietnam
- IPO Date
- Nov 24, 2017
- Business
- Saigon Forestry Import - Export Joint Stock Company, publicly traded on the UPCoM exchange under the ticker symbol FRM and commonly known as FORIMEX, is a Vietnam-based agribusiness and forestry enterprise engaged in plantation management, timber harvesting, wood product manufacturing, and commercial crocodile breeding. Founded in 1993 and headquartered in Ho Chi Minh City, Vietnam, the company operates across several integrated business segments, serving both domestic and international markets. FORIMEX provides a diverse portfolio of products and specialized services, including raw industrial timber, paper-pulp wood, and natural latex derived from its managed acacia, eucalyptus, and rubber plantations; sawn timber, solid wood components, household wooden furniture, and exterior architectural wood products; live commercial crocodiles and pedigree breeding stock raised under strict Convention on International Trade in Endangered Species of Wild Fauna and Flora standards; premium genuine crocodile leather goods and fashion accessories, comprising handbags, purses, wallets, footwear, and belts; technical consultancy, husbandry training, and engineering services for captive crocodile farm construction; and commercial leasing of warehouses, industrial storage spaces, and corporate office facilities. The company conducts its plantation, manufacturing, and farming activities across key southern and southeastern provinces of Vietnam, including Ho Chi Minh City, Dong Nai, Binh Thuan, Tay Ninh, and Binh Phuoc. In recent corporate developments, the State Securities Commission of Vietnam finalized the establishment of the company's foreign ownership limit at 0 percent, aligning its shareholder register with domestic statutory requirements for specialized agricultural landholders. Concurrently, FORIMEX has reorganized its livestock processing operations to reinforce export-standard CITES tracing protocols, optimized forest replanting cycles across provincial land reserves, and maintained sustained capital distribution programs through approved annual dividend disbursements.