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Top 5 animal slaughtering and processing companies in Vietnam 2021

Top 5 animal slaughtering and processing companies in Vietnam 2021

Saturday 09, 10 2021
Currently, there are about 30 animal slaughtering and processing companies in Vietnam with a total capacity of 500,000 tons/year. The largest companies in this field are Vissan Joint Stock Company, C.P. Vietnam Livestock Co., Ltd., Duc Viet Food Joint Stock Company, DABACO Group Joint Stock Company, Masan MEATLife Corporation.

These are also enterprises with modern processing plants, meeting international hygiene standards.

1. VISSAN JOINT STOCK COMPANY

Vissan Joint Stock Company, formerly a member enterprise of Saigon Trading Corporation – One Member Limited Liability Company (SATRA), was established on November 20, 1970 and came into operation on May 18, 1974. On July 1, 2016, VISSAN officially changed from One Member Limited Liability Company to a Joint Stock Company with charter capital of 809,143,000,000 VND after nearly 46 years of establishment and development.

Currently, VISSAN is one of the leading enterprises in the food industry in Vietnam, specializing in the production and trading of fresh and frozen pork, beef and poultry products, high-class cold meat products, pasteurized sausage products, canned products, etc.

VISSAN currently has a network of more than 128 distributors, 87 agents and more than 130,000 points of sale across the country.

By the end of 2020, Vissan's revenue increased by only 1% compared to the plan, reaching nearly 5,167 billion VND, equivalent to nearly 14 billion VND/day. Profit increased by 15% compared to the plan, reaching nearly 208 billion VND, equivalent to 570 million VND/day. However, the profit before tax in 2020 decreased by 8.6% compared to 226 billion VND in 2019.

Vissan

 

2. C.P. VIETNAM LIVESTOCK CO.,LTD.

C.P. Vietnam is a member of C.P. Thailand, which was granted investment certificated in 1993 in the form of 100% foreign investment. In 2008, C.P Livestock Co., Ltd. Vietnam was officially transformed into C.P Vietnam Livestock Joint Stock Company.

In production and business activities, C.P Vietnam is considered as an advanced company with high investment efficiency. In particular, with a modern livestock model, CPV has contributed significantly to the development of Vietnam's livestock industry, promoting the transition from small-scale production to a centralized industrial livestock model. With the closed production value chain “Feed – Farm – Food”, CP Vietnam has become a leader in safe food production.

C.P group

Source: CP Group

According to CP Group's 2020 (CP Thailand) annual report, 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.

After deducting related expenses, C.P Vietnam's pre-tax profit reached 966.7 million USD, up 125% compared to 2019.

3. DUC VIET FOOD JOINT STOCK COMPANY

Duc Viet Food Joint Stock Company was established in 2000, and is a company specializing in the field of processing meat products. It is a pioneer in bringing fresh sausage products to Vietnamese consumers. Duc Viet products have become quite popular among Vietnamese people.

In 2016, Duc Viet officially became a member company of Daesang Group - Korea, opening a promising new development path.

Duc Viet

4. DABACO GROUP JOINT STOCK COMPANY

Formerly a state-owned enterprise established in 1996 and equitized in 2005, DABACO has succeeded in developing a value chain from animal feed, livestock and poultry breeds, to food processing.

DABACO currently has 6 feed mills with a total capacity of 85 tons/hour. DABACO's products meet international standards ISO 9001-2008, ISO 22000:2005 and other Vietnamese and international gold quality awards. The laboratory is fully equipped with modern equipment, meeting the national standard VILAS 242. Currently, the Group has 6 animal feed brands including: Dabaco, Topfeeds, Kinh Bac, Khangti Vina, Nasaco and Growfeeds.

Dabaco

DBC's sales revenue in 2020 reached 10,189 billion VND, up 39.5% over 2019.

In the revenue structure, the total net revenue of the production and sale of animal feed and raw materials for animal feed production in 2020 reached 8,160 billion VND, the highest in Dabaco's fields of operation. Revenue from seed production, animal husbandry and food processing reached 7,178 billion VND.

DBC's profit before tax in 2020 after audit did not change compared to the previously announced figure, reaching 1,553.97 billion VND, 4.5 times higher than in 2019. Profit after tax reached more than 1,400 billion VND, 4.58 times higher than in 2019.

Dabaco's total assets have exceeded 10,100 billion VND, an increase of more than 500 billion VND compared to the previous year.

The company's share capital at the end of 2020 reached 1,047 billion VND, the investment and development fund was nearly 1,500 billion VND, undistributed profit after tax was 1,243 billion VND, and share capital surplus was 418 billion VND. DABACO has a very good financial background.

5. MASAN MEATLIFE CORPORATION

Masan MEATLife (a member company of Masan Group) started in the meat supply chain by merging two leading feed companies in Vietnam, ANCO and Proconco in 2015.

The company invested in the rest of the supply chain (farms, processing plants, retail chains in 2017 and 2018) and completed the 3F chain with the launch the brand MEATDeli. This is the first meat brand in Vietnam to apply European cool meat processing technology.

MASAN MEATLIFE CORPORATION

At the end of 2020, consolidated net revenue of the company reached 16,119 billion VND, up 17.4% compared to 2019. This is a positive result, because not only has Covid-19 reduced purchasing power but the domestic pig industry also has to deal with African swine fever, which has caused the  livestock feed market to decrease by 18.2% and the meat market by 17.5% compared to 2019.

Alice Hoang Thao - VietnamCredit

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