Aboitiz Equity Ventures Inc., one of the Philippines’ leading conglomerates, today acknowledged an administrative penalty imposed on its Vietnamese subsidiary, Gold Coin Feed Mill Ha Nam Co. Ltd. (GCFHN), by the Dinh Vu Port Border Gate Customs authorities in Vietnam.
The violation, determined by the authorities on December 3, 2025, concerns the importation of goods with insufficient labeling compliance. Specifically, the authorities found that the labels on the imported consignment did not fully contain the mandatory content required under Vietnamese law.
The sanctions imposed on GCFHN include:
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Monetary Fine: A fine of VND 27,500,000 (approximately P63,250).
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Remedial Measure: The forced re-export of the subject goods out of Vietnam. GCFHN is required to comply with this measure within ten (10) days of the authorities’ determination.
GCFHN is a subsidiary of Aboitiz Foods Pte. Ltd., which is wholly owned by AEV International Pte. Ltd., and ultimately, by AEV. The Company confirms that the necessary steps are being taken to immediately address the compliance lapse and resolve the matter with the Vietnamese authorities.
“Aboitiz Equity Ventures and its subsidiaries are fully committed to upholding the highest standards of regulatory compliance across all our operations,” said a spokesperson for AEV. “While the penalty is administrative in nature, we take this matter seriously. We are swiftly implementing corrective actions within Gold Coin Feed Mill Ha Nam to reinforce our internal protocols and ensure strict adherence to all Vietnamese customs and labeling regulations moving forward.”
AEV assures its stakeholders that this administrative matter is isolated and does not materially affect the overall financial performance or operations of the Aboitiz Group.
