Topping the list Intimex Group Joint Stock Company while coming out second is Vietnam National Vegetable, Fruit And Agricultural Product Corporation - Joint Stock Company, which is followed by Dong Giao Foodstuff Export Joint Stock Company, Luong Gia Food Technology Corporation and Cao Thanh Phat Import Export Company Limited.
Following is detailed information about the above-mentioned companies.
The company was formerly Intimex Import-Export Company (Ministry of Industry and Trade) established in 1995. In 2006, it was equitized and Intimex Import-Export Joint Stock Company in Ho Chi Minh City was formed. In 2011, its name was changed to Intimex Group Joint Stock Company (Intimex Group).
Initially, Intimex Group was a company with three small branches and charter capital of 14.4 billion VND. After over a decade of equitization, Intimex has become one of the leading brands in Vietnam in the fields of processing, exporting agricultural products (coffee, pepper, rice, cashew nuts…), and importing frozen food, iron and steel.
Intimex Group currently employs 900 people and its charter capital is 223 billion VND. The company’s annual import and export turnover is over 1 billion USD and revenue is over 40 trillion VND.
In the field of processing, Intimex has affirmed the production scale and quality by owning 11 high-quality coffee processing factories located in key coffee production hubs with a total capacity of 570,000 tons/year. In addition, the group also has a clean pepper processing factory for export in Binh Duong with a capacity of 5,000 tons/year; 1 rice processing factory in Dong Thap with a capacity of 150,000 tons/year; 3 factories processing cashew for export in Tay Ninh and Binh Duong.
Intimex Group actively operating in both domestic and international market. Its products have been present in Europe, the US, West Asia, the Middle East, China, Japan, Korea, India, ASEAN. Besides, the Group has also built long-term trading relationships with hundreds of large international enterprises such as Neumann Kaffee Gruppe, Nestlé, JDE, Tchibo, Louis Dreyfus, Volcafe, Marubeni, Mitsui, Itochu, Icona, Sucden, Sucafina, Mercon, RCMA, Ecom, Hyundai, Samsung.
The group's revenue in 2020 reached 17,520 billion VND (equivalent to USD 772.6 million), an increase of 11% compared to 2019.
The predecessor of Vietnam National Vegetable, Fruit and Agricultural Product Corporation - Joint Stock Company is Vietnam Fruit and Vegetable Corporation, which was established under Decision No. 63NNTCCB/QD dated 11 February, 1988.
In 2003, Vietnam Vegetables and Agricultural Products Corporation (Vegetexco Vietnam) was established under Decision No. 66/2003/QD/BNN-TCCB signed and issued by the Minister of Agriculture and Rural Development in June 2003 on the basis of merging Vegetexco Vietnam and Import-Export Corporation of Agricultural Products and Processed Food (Vinafimex).
With more than 500 employees, 3 dependent companies, 26 associate companies, 05 joint venture companies, 02 representative offices abroad, Vegetexco Vietnam has always played a pivotal role in Vietnam’s fruit and vegetables industry.
Over the past 3 years, Vietnam National Vegetable, Fruit and Agricultural Product Corporation - Joint Stock Companyhas witnessed a continuous decline in revenue: from 14,826 billion VND in 2018 to 12,077 billion VND in 2019 and 3,909 billion VND in 2020.
Dong Giao Food Export Joint Stock Company (Doveco), formerly known as military farm, was established in 1955. Currently, Doveco's fruit and vegetable products are present in all provinces and cities in the country and exported to other countries like the USA, Germany, France, the UK, Poland, Portugal, Mongolia, and Russia.
In 2020, although Vietnam's economy was heavily affected by the COVID-19 pandemic, the company still had a strong growth rate, reaching 230% and was among the leading companies in Vietnam in terms of vegetable export turnover to the EU market.
Major products of the company include puree (pineapple, passion fruit, banana, litchi); frozen products (pineapple, spinach, sweet corn, vegetable soybeans, onions, bamboo shoots...); and canned products (sweet corn, pineapple, litchi.).
In 2020, the company recorded a revenue of 1,950 billion VND.
Luong Gia Food Technology Corporation was established in 2009 and is gradually developing strongly in the field of producing dried fruit with high quality standards. All products of the company are produced in a closed manufacturing system. Its products have been distributed nationwide and in many other countries like Korea, China, the USA, France, Russia, and Hong Kong.
According to the financial statement data of the last 3 years, the revenue and profit after tax of this company grew very fast. Specifically, in 2018, Luong Gia's revenue was 72.5 billion VND, but in 2020, this figure has increased to 174.5 billion VND (up 141%).
Cao Thanh Phat Import Export Company Limited was formerly known as a company specializing in the production of cashew nut machines. In the early 2000s, the cashew industry was one of Vietnam's strengths, but productivity and competitiveness in the world market were still not high because it was still heavily dependent on labor and preliminary processing tools.
In 2007, Cao Thanh Phat Import-Export Co., Ltd was officially established with business activity being producing and exporting agricultural products, mainly fruits. The company supplies dragon fruit all year round.
After nearly 15 years of development, the company has penetrated many markets from Asia like Malaysia, Thailand, India to Europe like the Netherlands, Hollands, America like Canada, the USA and Australia.
In 2020, Cao Thanh Phat's revenue reached 149 billion VND, an increase of 19% compared to 2019.
Alice Hoang Thao - VietnamCredit
