Factsheet with basic information about Food processing industry in Vietnam

1. 5. KEY FEATURES
2. MARKET SIZE
4. KEY FINANCIALS OF TOP 10 PLAYERS
(listed companies only)
1. MARKET SEGMENTATION
Source: StoxPlus
Food
Processing
Frozen
Processed Food
Dried
Processed Food
Chilled
Processed Food
866.28 944.78
1,116.17
1,245.12
1,380.88
12.69%
9.06%
18.14%
11.55%
10.90%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
0
200
400
600
800
1000
1200
1400
1600
2010 2011 2012 2013 2014
US$million
Total sales value Growth Rate
Market sizing by total sales volume
Vietnam food processing industry sized at US$1.38bn, posting good performance with the CAGR of 12.4% yoy during the
period 2010 – 2014. Of which, dried processed food accounted for a major part of the whole sector (over 85%).
The sector witnesses fierce competition with the participation of many giants in each segment. Masan Group, Masan
Consumer, Minh Phu Seafood and Hung Vuong Corporation are giants in their own sectors. However, as the sector is foreseen
to expand aggressively in following years, the appearance of new comers is manifest.
Food processing market is forecasted to grow by over 12% y-o-y in the next few years, especially with the sign of many FTA
including Korean, Japan …. The new generation of FTAs that Vietnam has signed with key food exporting countries will remain
the country’s position as one of the most attractive investment opportunities in the region during following years. Especially,
frozen processed food will be invested remarkably as Japan, U.S, E.U, Eurasian are all major seafood import countries,
representing over 60% of Vietnam total seafood export volume.
Source: StoxPlus from Euromonitor
Company
Total assets
(US$
million)
Net Sales
(US$
million)
EBITDA
(US$
million)
ROA ROE
Masan Group 2,469.24 750.05 248.26 2.17% 7.34%
Minh Phu Seafood Corp. 432.89 703.72 63.84 8.92% 44.79%
Hung Vuong Corporation 420.75 694.72 39.45 3.06% 12.36%
Masan Consumer 1,116.86 610.65 233.12 13.03% 23.58%
Vinh Hoan Corp. 209.42 293.35 34.79 12.47% 26.31%
STAPIMEX 61.62 251.27 3.67 2.64% 12.59%
Dabaco 196.75 238.64 23.21 5.00% 11.58%
Kinh Do Corporation 367.17 230.89 42.51 7.53% 9.69%
Viet Thang Feed 75.57 206.17 11.14 9.58% 16.14%
Nha Trang Seafoods F17 113.09 178.82 17.44 9.94% 38.73%
10%
4%
86%
3. MARKET SHARE
Market share by sub-sectors
Frozen Processed Food
Chilled Processed Food
Dried Processed Food Source: StoxPlus
Source: StoxPlus from Euromonitor
If you want to have further information, please contact person below:
Research
Ms. Lan Nguyen
Senior Manager
lan.nguyen@stoxplus.com
+84(4) 35626962 (ext.109)
Business Information
Ms. Hue Vuong
Managing Director
hue.vuong@stoxplus.com
+84(8) 38233485 (ext.802)
Financial Information
Ms.Trang Truong
Managing Director
trang.truong@stoxplus.com
+84(4) 35626962 (ext.114)
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Food Processing
FACT SHEET
Dated September 25th 2015