CNC Group’s Corporate Event
At the business performance review event held on the afternoon of January 17, 2026, in Hai Phong, Mr. Nguyen Van Phong, CEO of CNC Group, officially announced the company’s expansion into pig farming.
CNC Group, officially known as CNC International Nutrition Joint Stock Company, was established in Hai Duong (formerly) with the latest charter capital of 160 billion VND. The company specializes in producing animal feed under the brands Vicoem (for pigs and poultry) and eFarm (for fish).
This move into pig farming marks a significant shift for the company, transitioning from a pure feed producer (Feed) to a closed-loop 3F model (Feed – Farm – Food).
Ambition for a 140,000-Head Pig Herd by 2032
According to the announced plan, 2026 is a pivotal year for CNC Group to begin investing in pig farming. The company’s strategy involves developing parallel models of leased farms, contract farming, and self-investment, with farm sizes ranging from 600 to 2,400 sows.
The Hai Phong Department of Finance approved the establishment of a new legal entity, CNC Farming Joint Stock Company, in early December 2025, with an initial charter capital of 30 billion VND.
Mr. Nguyen Duy Hoang, Deputy CEO of the Group, has been appointed as the CEO of this subsidiary.
In the initial phase, the company will focus on developing sow herds and distributing piglets. Commercial pig farming is expected to begin in 2029. By 2032, CNC aims to achieve a total herd size of 40,000 sows and nearly 100,000 market pigs.
Compared to industry leaders, the target of 40,000 sows is highly ambitious, even surpassing the current scale of many major players. For instance, Hoa Phat Agriculture (under Tran Dinh Long’s Hoa Phat Group) has, after 10 years of operation, established 7 pig farming clusters covering nearly 388 hectares, with approximately 23,250 sows and 146,000 market pigs.
In the animal feed segment, Hoa Phat operates two factories in Hung Yen and Dong Nai with a combined design capacity of 600,000 tons per year.
If CNC Group achieves its goals, its sow herd by 2032 will surpass Hoa Phat’s current capacity, though its market pig volume will still be lower than the 146,000 pigs held by the “steel king.”
Financially, the pig farming segment is expected to contribute 1,300–1,500 billion VND to the group’s revenue by 2028.
Navigating the Animal Feed Market
CNC Group’s expansion into farming comes as the company concludes its 2025 fiscal year with positive growth indicators.
In 2025, CNC sold 226,000 tons of animal feed, a nearly 10% increase from 2024. Pig feed accounted for 55% of sales, followed by poultry feed at 30%.
Notably, the company’s production and sales surged in the final months, with December 2025 reaching a record high of over 24,000 tons. CNC’s distribution network includes over 500 distributors, with more than 40% maintaining partnerships for over 5 years.
Mr. Nguyen Van Phong, Chairman and CEO of CNC Group, speaking at the event. Photo: Pham Hoang. Nong Nghiep va Moi Truong Newspaper
CNC aims to increase its animal feed production to 240,000–260,000 tons annually in the coming years.
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