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List of largest livestock companies in Vietnam (2021 update)

List of largest livestock companies in Vietnam (2021 update)

Saturday 13, 11 2021
The list of 5 largest livestock companies in Vietnam is made by VietnamCredit based on both financial and non-financial information. Accordingly, C.P Vietnam Corporation (CP Group) is leading the industry.

1. C.P. VIETNAM CORPORATION

CP Group (Charoen Pokphand) is a multi-industry corporation and one of Thailand's largest corporations in the field of industry - agriculture.

In 1988, C.P Group entered Vietnam by opening a business office in Ho Chi Minh City. In 1993, C.P Vietnam Livestock Co., Ltd was established, and an animal feed factory was built in Dong Nai province.

In 2009, C.P Livestock Co., Ltd. Vietnam merged with Charoen Pokphand Vietnam Co., Ltd. to become C.P. Vietnam Livestock Corporation and then in 2011 changed its name to C.P. Vietnam Corporation.

C.P. Vietnam operates in the field of industry - agriculture. Since its establishment, it has constantly been expanding production and operating in 3 main fields including feed, farm and food.

Currently, C.P. Vietnam conducts animal husbandry with a modern and environmentally friendly livestock production system starting from quality seed to a modern breeding system equipped with advanced breeding tools and equipment.

According to the 2020 annual report of CP Group (CP Thailand), the group's agriculture segment in Vietnam (CP Vietnam) recorded a revenue of 3.4 billion USD, up 26% compared to 2019 and accounting for more than 18% of total revenue of the group. In particular, the largest contributor was the livestock segment (including poultry raising, pig raising and aquaculture), bringing in 2.4 billion USD, up 36% compared to 2019.

C.P. VIETNAM CORPORATION

2. MASAN MEATLIFE CORPORATION

Masan MEATLife was formerly known as Masan Nutri-Science Company - a subsidiary of Masan Group, specializing in the production of animal feed.

The company officially changed its name in July 2019 to clearly show its goal of transforming from an animal feed manufacturer into a consumer goods company providing branded meat products.

At the end of 2020, according to the financial report of Masan MEATLife Joint Stock Company (MML), the company’s consolidated net revenue reached 711.3 million USD, up 17.4% compared to 2019. This is a positive result because not only has Covid-19 reduced purchasing power, but the cattle industry has also had to deal with African swine fever, which has caused the country's animal feed market to decrease by 18.2%, and the meat market by 17.5% compared to 2019.

It is said that this result was mainly contributed by the growth of the meat segment whose revenue in 2020 increased by 325% compared to 2019. Contribution proportion in net revenue increased to nearly 15%, compared to 3% in 2019.

Despite being the main revenue growth driver, huge investment to expand the distribution network for the meat segment has also caused MML to bear a quite significant burden. At the end of 2020, the company's total liabilites were 301.9 million USD, accounting for 38% of total capital and an increase of 38% compared to the beginning of the year.

MASAN MEATLIFE CORPORATION

3. DABACO GROUP

DABACO Group Joint Stock Company, formerly Bac Ninh Agricultural Products Company, was established under Decision No. 1316 QD/CT dated August 10, 2004 of the Chairman of Bac Ninh Provincial People's Committee.

The company's main products are all kinds of animal feed for cattle, poultry, waterfowl, aquatic products and all kinds of breeds of pigs, chickens, swans, and ducks. The company has a team of experienced engineers, veterinarians, and workers. Its products are present throughout Vietnam and trusted by customers.

In 2020, DABACO’s net revenue reached 442 million USD, up 39.4% compared to 2019; profit after tax reached 61.8 million USD, 4.6 times higher than the profit achieved in 2019. This is the highest profit that the company has ever achieved.

As of December 31, 2020, DABACO's total assets are 445.8 million USD.

DABACO GROUP

4. VISSAN JOINT STOCK COMPANY

Vissan Joint Stock Company was established on November 20, 1970 and went into operation on May 18, 1974. Currently, Vissan is one of the leading enterprises in the food industry in Vietnam, specializing in the production and trading of fresh and frozen meat and processed meat products.

The company has been implementing a closed production process, and constantly improving it to enhance the quality of the products.

In 2020, Vissan's revenue and profit were 227 million USD and 7.3 million USD, respectively, up 3.4% and down 6.8% compared to 2019. Vissan's asset reached more than 94.6 million USD as of December 31, 2020.

VISSAN JOINT STOCK COMPANY

5. HOA PHAT AGRICULTURAL DEVELOPMENT JOINT STOCK COMPANY

Hoa Phat Agricultural Development Joint Stock Company is a subsidiary of Hoa Phat Group, which is one of the largest companies in Vietnam.

In 2019 when the livestock industry had a crisis due to the African swine fever, Hoa Phat Group's revenue growth in this segment still reached 72%, leading in terms of market share in supplying Australian beef nationwide and chicken eggs in the North. Revenue of the pig breeding segment grew well thanks to a sharp increase in price.

In 2020, Hoa Phat's agricultural revenue exceeded 471.3 milliion USD even though it has only been in the agricultural field for nearly 5 years. The revenue from animal feed and breeding activities of Hoa Phat increased by 33%.

Meanwhile, according to the General Statistics Office, Vietnam’s output of live hog for slaughter increased by only 4.4%, and the output of live beef for slaughter increased by 4.6%.

HOA PHAT AGRICULTURAL DEVELOPMENT JOINT STOCK COMPANY

Henry Tran - VietnamCredit

 

 

 

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