CP's revenue in Vietnam 'runs out of steam', but in China it grows strongly

C.P - Ảnh 1. — CP Vietnam 's revenue has decreased but is still much larger than many domestic food businesses - Photo: CP Website

Charoen Pokphand Foods Group - CP Foods (CPF), the parent company of CP Vietnam, has just announced its business results for the third quarter and the first 9 months of 2025 with many notable points from the Vietnamese market.

According to the report, revenue from the Vietnamese market in the third quarter of 2025 reached only 22.8 billion baht (equivalent to about 18,500 billion VND), down 20% over the same period last year.

In the first 9 months, total revenue from the Vietnamese market reached 76.6 billion baht (about 62,300 billion VND), down 17% over the same period.

Notably, Vietnam became the only market to record a decline in the Thai food group's system globally.

The decline in revenue in Vietnam led to a 7% drop in CPF's overall export turnover compared to the first nine months of last year.

Meanwhile, the Chinese market recorded a growth rate of up to 36% in the first 9 months of this year. Domestic revenue in Thailand also maintained a growth rate of 2%, while other markets increased by 1%.

CP Vietnam's decline dragged CPF's consolidated revenue down slightly by 0.4% to more than 432 billion baht (13.36 billion USD) in the first nine months of the year.

Despite the slowdown, Vietnam is still CPF's second largest market, contributing 18% of total revenue, just behind the Thai giant's domestic market.

China is vast, but it only brings in less than 25 billion baht (equivalent to 8%) to CPF.

Meanwhile, according to the Bangkok Post, Charoen Pokphand Foods posted a net profit of 24.1 billion baht in the first nine months of 2025 (nearly $750 million), up 57% year-on-year. This growth was mainly due to overseas operations, which now account for two-thirds of the company's total revenue.

CPF CEO Prasit Boondoungprasert said the company’s revenue base is increasingly international. Overseas businesses contribute about 62% of total revenue, while exports account for another 5%, bringing CPF’s overseas revenue to about two-thirds of total revenue. The company currently operates or holds joint investments in 16 countries, with products distributed through leading retail and wholesale channels in more than 50 markets worldwide .

Excluding the impact of the strong Thai baht on the translation of financial statements abroad, revenue is expected to have increased about 5% year-on-year.

Net profit also improved significantly due to improved operational efficiency across the supply chain, effective cost management and lower soybean meal prices in many regions compared to last year.

Company leaders also said they will continue to expand their strategy in high-growth countries such as the Philippines and Vietnam, where long-term demand for food remains strong.

How did Vietnam get into the pork scandal?

During the first 9 months of this year, a notable event related to CP Vietnam in the second quarter was Mr. LQN's reflection on social networks that some of this company's stores mixed sick pigs and sick chickens.

Afterwards, the Soc Trang Provincial Police Investigation Agency also received a crime report with the following content: On May 30, on the social network of the account "Jonny Lieu", information was posted about a complaint of violations of food safety laws.

The incident took place in May. In July 2025, the Soc Trang Provincial Police Investigation Agency decided not to prosecute the criminal case against Mr. LQN, whose permanent address is in Soc Trang.

The reason, according to the investigation agency, is that the behavior does not show signs of the crime of "violating food safety regulations" as prescribed in Clause 2, Article 157 of the Criminal Procedure Code.

After the above decision, the representative of CP Vietnam spoke up to once again affirm the transparency, seriousness and rule of law in all production and business activities of CP Vietnam Livestock Joint Stock Company.

BINH KHANH

Source: https://tuoitre.vn/doanh-thu-cua-cpo-viet-nam-hut-hoi-o-trung-quoc-lai-tang-truong-manh-2025111622351021.htm