Revealing the products that bring "huge" revenue to CP Vietnam

(Dan Tri) - CP Vietnam owns many factories and farms, specializing in providing the market with products such as chicken, pork, eggs, seafood and processed foods.

The financial report of Charoen Pokphand Foods Group (CP Foods, Thailand), the parent company of CP Vietnam Livestock Joint Stock Company, shows that the Vietnamese market is making a significant contribution to the group's consolidated revenue structure in 2024.

CP Vietnam was granted an investment license in 1993 as a 100% foreign-invested company. In 2008, CP Vietnam Livestock Company Limited was officially transformed into CP Vietnam Livestock Joint Stock Company.

The company owns many modern factories and farms across Vietnam, supplying chicken, pork, eggs, seafood and processed products. Some of the products familiar to Vietnamese consumers include CP sausages, marinated chicken and convenient processed food lines.

According to CP Foods' report, Vietnam will be the company's largest overseas market in 2024. Revenue from Vietnam accounts for about 21% of total revenue, equivalent to 122 billion baht. China is second with about 6% of revenue.

In terms of revenue structure by product, in 2024, the livestock sector in Vietnam will bring in revenue of about 107 billion baht, an increase of 8% compared to 2023.

Of which, the "Farm" segment (livestock and poultry farming) accounted for more than 83 billion baht, up 12% compared to the previous year. The recovery of live hog prices after the impact of African swine fever was one of the factors driving growth.

Along with fresh meat, CP Vietnam is promoting the development of processed foods. In 2024, CP Vietnam's revenue from processed foods in Vietnam will reach more than 8.4 billion baht, up 8% over the same period.

In 2024, CP Vietnam will achieve a profit of 19.6 billion baht, a significant improvement compared to a loss of 5.21 billion baht in 2023. This change comes from the strong recovery of the pork business in Vietnam and China. This is also the company's highest profit since 2020.

CP Vietnam expects total revenue to grow 5% to 8% by 2025, with profits continuing to improve thanks to international business activities, especially in Vietnam and China.

Revenue structure by product of CP Foods (Source: CP Foods financial statements).

The parent company in Thailand is also accelerating the initial public offering (IPO) plan of CP Vietnam.

Sharing with the media in March, CEO Prasit Boondoungprasert said that after many years of waiting, the company was ready to start the IPO process as soon as it was licensed by the regulatory agency in Vietnam.

"Vietnam will be our main growth driver for many years to come thanks to its strong economy and large population. Listing in Vietnam will help the company access new sources of finance as well as enhance its brand position in this market," Mr. Prasit emphasized.

The company is pushing its strategy globally, with operations spanning animal feed, farming and food processing. It now operates in 18 countries, including the United States, Brazil, Russia and China. The expansion is aimed at countering slowing growth and an aging population in Thailand, Southeast Asia’s second-largest economy.

CEO Prasit Boondoungprasert said that US export tariffs will not have much impact on the company because most of CP Foods’ meat and processed food products in the US are produced domestically. Last year, the US business contributed about $700 million to the group’s total revenue.

Source: https://dantri.com.vn/kinh-doanh/he-lo-mat-hang-dem-lai-doanh-thu-khung-cho-cp-viet-nam-20250530151500311.htm