According to AgroMonitor’s June 2025 statistics, in the north and south of the country, Thailand-invested C.P. Vietnam owns the largest pig herd in Vietnam, with approximately 350,000 sows, closely followed by CJ, with a South Korean investment of 137,000, and Japfa, with an Indonesian investment of 69,000 sows.
Japfa – The Livestock Farming Giant has Invested $250 Million in Vietnam
Marking 29 years of operations in Vietnam, as of 2025, Japfa boasts a comprehensive system comprising seven animal feed mills for poultry and pig farming, one aquatic feed mill, 60 breeding farms for hatching eggs, and over 1,500 owned farms and contract fattening farms.
Japfa has invested approximately $250 million in Vietnam and currently employs around 6,000 people.
A recent investment by Japfa was the inauguration of the Binh Phuoc animal feed mill and slaughterhouse in May 2023.
The animal feed mill’s first phase has a capacity of 240,000 tons/year with an investment of nearly VND 400 billion. In the second phase, the mill will double its capacity to 480,000 tons/year, ensuring a stable supply of quality animal feed to the Southeast and Central Highlands markets.
Japfa Binh Phuoc’s poultry slaughterhouse spans nearly 15 hectares, with a capacity of 60,000 birds/day and an investment of over VND 400 billion.
In terms of environmental protection, in 2023, Japfa Vietnam reviewed and decided to close nine farms due to operational permits, proximity to residential areas, or potential environmental issues that could not be resolved.
VND 22,630 Billion in Revenue from Vietnam – Equivalent to 1/5 of Global Revenue
Financially, according to Japfa’s 2024 report, its Vietnam unit achieved a revenue of VND 22,630 billion ($876.1 million), up from $814.8 million in the previous year, representing a 7.5% year-over-year increase.
Additionally, the company turned around from an operating loss of $26.5 million in 2023 to an operating profit of $82.9 million in 2024, marking a significant turnaround in the corporation’s regional performance.
These two figures account for one-fifth of Japfa’s global results, with revenue of $4.62 billion (up 4.3%) and operating profit of $410 million (up 245%).
According to Japfa’s internal statistics, the company’s pork sales volume in Vietnam in 2024 was 125,100 tons, higher than the 116,100 tons sold in 2023.
In contrast, sales of pig feed decreased from 589,900 tons in 2023 to 565,600 tons in 2024. Typically, feed costs can account for up to 70% of production costs in livestock farming.
Japfa attributed the improvement in revenue and profits to higher pork prices due to reduced supply caused by the African Swine Fever (ASF), along with lower feed raw material prices, which enhanced profit margins.
Simultaneously, cost-saving initiatives implemented in 2023—including farm cost optimization and improved operational control—significantly contributed to enhanced efficiency in both poultry and pig farming operations.
The Power of Pork: Can Vietnamese Businesses Oust C.P. Vietnam’s Hegemony in the Swine Industry?
“Sows, the prolific female pigs in the swine industry, are often referred to as the ‘powerhouses’ or ‘money-making machines’ of pork production. C.P. Vietnam has strategically utilized these sows as a powerful tool to dominate the swine industry in the country.”
