Vietnam's Fruit and Vegetable Industry Report 2020, prepared by VietnamCredit in early September 2020, was aimed to highlight various advantages and challenges that the industry is experiencing.
Vietnam has a tropical climate, so there is a diversity of fruits, especially those that have high export value. While demand for imported fruits, especially organic and nutritious fruits is increasing, multilateral and bilateral FTAs have helped Vietnam's fruits and vegetables become more popular throughout the world.
Recently, many companies have invested in new production and processing lines as well as advanced and modern technologies to increase value added to the products and to accelerate market expansion. However, the fruit and vegetable industry still faces many obstacles to export, including low fruit productivity (as compared to the average in the world and the region), lack of stable raw material sources, and lack of linkages in the distribution channels, etc.
Here is the list of top 10 fruit and vegetable companies in Vietnam compiled by VietnamCredit based on independent research and evaluation by VietnamCredit's experts. The information is derived from the database of VietnamCredit, and other in-house sources.
The criteria for evaluating the ranking of the top 10 companies in the fruit and vegetable industry in Vietnam include business performance (over the last 3 fiscal years), credit ratings, legal history, and objective assessment by VietnamCredit rating experts.
1. FRUIT AND VEGETABLE EXPORT – IMPORT JOINT STOCK COMPANY
Specializing in trading fresh fruits and vegetables along with processing agricultural products, the company has expanded its markets to the EU, the US, Russia, China, and France.
The company’s core product is cashew nuts, including raw cashews processed under Vietnamese and American AFI standards, and other deep-processed cashews with high added value such as roasted cashew nuts, fried cashews, honey-soaked cashews, wasabi-soaked cashews, cashew candy. With its experience and the support of T&T, the company is expected to become one of the three largest cashew manufacturers in Vietnam in 2022.
In 2019, the company’s credit rating was AA, which demonstrates its very strong capacity for financial commitments.
»Abbreviation Name: VEGETEXCO HO CHI MINH CITY CO.
»Address: No. 24, Truong Dinh Street, Ward 6, District 3, Ho Chi Minh City, Vietnam
»Telephone: (84-28) 3933 0495 - 3933 0481- 3933 0483
2. CHIPSGOOD - VEGETEXCO JOINT STOCK COMPANY
The company was formerly known as a subsidiary of Vegetexco. However, in an attempt to improve its business result, the company has made some significant changes in its type of business, major business line, and charter capital in 2018.
Trading in raw materials for feed production is identified as the company’s main focus at the moment instead of food production like before.
The company was rated BB by VNC in 2019, showing that the company is vulnerable to adverse changes in circumstances and economic conditions.
»Abbreviation Name: CHIPSGOOD
»Address: Km 30-50m, Highway 5A, Luong Civil Group, Bach Sam Ward, My Hao Town, Hung Yen Province, Vietnam
»Telephone: +84 912 401 499 (Chief accountant)
3. VEGETABLE AND FRUIT EXPORT IMPORT JOINT STOCK COMPANY I
Founded in the 1970s, the company has grown constantly, becoming one of the leading companies in Vietnam in the field of manufacturing and exporting canned processed fruits, vegetables, and other agricultural products.
The company’s main products are pickled cucumber, canned lychee, canned pineapple, condensed pineapple juice, pickled tomato, tomato sauce, canned peas, and corn. Besides canned products, the company also exports agricultural and forestry products such as black pepper, white pepper, cashew, anise, cinnamon, coconut rice, lotus seeds, herbs, peanuts, chili, and amomum.
In 2019, the company was rated A by VNC, demonstrating its good capacity for financial commitments.
»Abbreviation Name: VEGETEXCO I
»Address: No. 389, Truong Dinh Street, Tan Mai Ward, Hoang Mai District, Ha Noi City, Vietnam
»Telephone: (84-24) 36622200/ 36622248
4. BACH KHANG TRADING PRODUCTION IMPORT EXPORT JOINT STOCK COMPANY
Established in 2012 with a charter capital of 2.15 million USD, Bach Khang is an enterprise specializing in processing and trading cashew nuts. Its input materials are mainly imported from countries in the African region.
Currently, Mr. Nguyen Chanh Trung is the largest shareholder of the company with a 70% stake.
In 2019, Bach Khang's credit rating was BBB, indicating an adequate capacity for financial commitments.
»Abbreviation Name: CONG TY CP SXTM XNK BACH KHANG
»Address: No. 37A, DT.741 Street, Long Thuy Ward, Phuoc Long Town, Binh Phuoc Province, Vietnam
»Telephone: +84 918 485 650
5. HOANG SON I JOINT STOCK COMPANY
Established in 2002, Hoang Son I Joint Stock Company has become a reputable cashew manufacturer. Approximately 98% of the company's products are exported to foreign countries, mainly the US and the EU, and other markets, including China, Japan, and Australia. In 2021, the company will inaugurate and put into operation Hoang Son Food processing factory with a capacity of 100 containers per month.
In 2019, the company was rated A by VNC, which indicates that the business has a good capacity for financial commitments.
»Abbreviation Name: HOANG SON I JSC
»Address: Hamlet 2, Duc Lieu Commune (or Highway 14, Duc Lieu Commune), Bu Dang District, Binh Phuoc Province, Vietnam
»Telephone: +84 915 449 706
6. DAN ON FOODS CORPORATION
Founded in 1999, Dan On Foods, a member company of DAN-D FOODS Group, is located in Richmond, British Columbia, Canada, and run by Mr. Dan On. It specializes in manufacturing and supplying nutritious nuts and foods, including almonds, beans and peas, cashews, macadamia, chestnuts, peanuts, pistachios, walnuts, pumpkin, cluster and energy bar, chips and snack, spices, and dried fruit.
In 2019, the company was rated AA by VNC, which refers to the very strong capacity for financial commitments.
»Abbreviation Name: DOF CORP
»Address: Lot B_5B2_CN and Lot B_5B4_CN, Road DE5, My Phuoc 3 IP, My Phuoc Ward, Ben Cat Town, Binh Duong Province, Vietnam
»Telephone: (84-274) 2222 404
7. BINH THUAN FRUITS AND GREENS JOINT STOCK COMPANY
The company, established in 2002, specializes in importing and exporting all kinds of fruits, including apples, grapes, pears, oranges, bananas, sweet potatoes, rambutans, grapefruit, etc. It has been constantly developing to become one of the top fruit import-export enterprises.
The company has three distribution centers (cold storage system, trucks, and motorbikes) in 3 major cities: Ho Chi Minh, Hanoi, and Da Nang, along with its own nationwide professional delivery system.
In 2019, the company was rated A by VNC, showing that it has a good capacity for financial commitments.
»Abbreviation Name: BINH THUAN FRUITS AND GREENS JSC
»Address: No. 107, Dang Van Lanh Street, Phu Tai Ward, Phan Thiet City, Binh Thuan Province, Vietnam
»Telephone: (84-252) 3823 731/ 2210 780
8. GIAVICO INTERNATIONAL FOOD COMPANY LIMITED
Established in 1992, Giavico International Food Co., Ltd. is one of Asia's leading manufacturers of fresh fruit juices, condensed fruit juices, and seed products. The main markets are Taiwan, America, and Australia.
With a 12-hectare area and more than 1200 employees, the factory can handle over 600 tons of raw vegetables and fruits each day.
In 2019, it was rated at A, indicating a good capacity for financial commitments.
»Abbreviation Name: GIAVICO
»Address: Km12, Highway 62, Hamlet 1, Tan Dong Commune, Thanh Hoa District, Long An Province, Vietnam
»Telephone: (84-272) 3599 898 / 3599 889
9. RED RIVER FOODS VIET NAM COMPANY LIMITED
Red River Foods Vietnam, established in 2016 with 100% US investment, specializes in producing and distributing cashew nuts for export.
The company can produce about 40 containers of cashew nuts per month.
Its credit rating was BB in 2019 according to VNC, indicating its vulnerability to adverse changes in circumstances and economic conditions.
»Abbreviation Name: RRF VIETNAM CO., LTD
»Address: Lot 1C9 & Lot 1C10, Road CN8 & CN11, Tan Binh Industrial Zone, Tan Binh Commune, North Tan Uyen District, Binh Duong Province, Vietnam
»Telephone: (84-274) 3800 726
10. TU PHUONG SERVICE TRADING PRODUCTION PRIVATE ENTERPRISE
This company’s main business is trading fresh fruits, including Australia apple, New Zealand green kiwi, cherry, strawberry, USA red and green seedless grapes, orange, etc. Its products are supplied to supermarkets and stores in Ho Chi Minh City and other provinces, such as Can Tho, Long An, and Tien Giang. It has good relationships with both traditional customers and foreign suppliers.
It was rated BB in 2019 by VNC, showing its vulnerability to adverse changes in circumstances and economic conditions.
»Abbreviation Name: DNTN TU PHUONG
»Address: No. 169, Khanh Hoi Street, Ward 3, District 4, Ho Chi Minh City, Vietnam
»Telephone: (84-28) 3940 8899 / 2211 8006 / 2211 8088
For in-depth data on companies of the fruit and vegetable industry, including revenues, profits, and industry averages (of financial ratios), please see the Vietnam’s Fruit and Vegetable Industry Report.