120 Tons of African Swine Fever-Infected Pork (Image: VTV1)
On January 8, 2026, Halong Canfoco Joint Stock Company (Halong Canfoco – Stock Code: CAN) submitted an official explanation to the Hanoi Stock Exchange regarding a news report aired on Vietnam Television (VTV1) about the procurement of African swine fever-infected pork.
Hai Phong Police Announce: 9 Individuals Indicted in “Contaminated Meat” Ring
Individuals Involved in the 120-Ton Infected Pork Case. Photo: Hai Phong Police
According to the Hai Phong City Police Department’s Economic Crimes Division, the investigation began on September 8, 2025. Authorities caught two vehicles driven by Le Ba Doanh and Trinh Ha Viet transporting 1,274.5 kg of slaughtered pork. The meat showed signs of spoilage, emitted a foul odor, and tested positive for African swine fever virus. It was confirmed to have been transported from an outbreak area for consumption. Further investigation and emergency searches at Halong Canfoco’s warehouse led to the discovery and sealing of four storage facilities containing approximately 130 tons of frozen pork. Testing revealed that a significant portion of this meat was also positive for the African swine fever virus.
Based on the investigation findings, on December 24, 2025, the Hai Phong City Police Investigation Agency issued an indictment against nine individuals for “Violating Food Safety Regulations” under Article 317, Clause 4 of the Penal Code. The indicted individuals include Bui Duc Trong (born 1979), Le Ba Doanh (born 1977), Trinh Ha Viet (born 1991), all residing in Hai Phong. The remaining individuals reside in Hung Yen province: Nguyen Thi Tuyen, Nguyen Thi Lan, Dinh Thi Nghi, Nguyen Binh Loan, Pham Xuan Toan, and Nguyen Gia Dat. These individuals were found to have supplied and traded food products derived from sick or dead pigs affected by African swine fever.
Canfoco’s Statement: “The Company is an Involved Party”
In its official statement to regulatory authorities, Halong Canfoco’s leadership outlined arguments to clarify the company’s responsibility in this case. Regarding personnel, the company asserted that all nine indicted individuals were external parties acting as collection and transportation agents, with no affiliation as employees, managers, or staff members of the company.
Halong Canfoco’s Official Explanation
Canfoco identified its role in the case as an “involved party,” acting as a recipient of raw materials based on quarantine documents provided by the seller, which were considered valid at the time of transaction.
Regarding the 130-ton batch of contaminated meat, Halong Canfoco stated that immediately after discovering the issue in September 2025, the company collaborated closely with authorities to isolate and destroy the entire batch. The company assured that the violating batch was promptly contained, never entered production, and no finished products from this raw material reached the market.
Company representatives also stated that current production and business operations remain stable. Products in circulation are managed under ISO 22000 and FSSC 22000 food safety standards. The company acknowledged this as a severe supply chain incident and is reviewing its entire input control process.
Market Reaction
The explanation was released amid a 10% drop in CAN shares on January 8, falling to 27,900 VND per share. The sell-off reflected investor concerns about legal risks and brand reputation for a company recently named among ASEAN’s Top 50 Strongest Brands in 2024.
The incident occurred at a critical time as Halong Canfoco prepared to issue 5 million shares to raise 75 billion VND for a factory relocation project. Clarifying its role as an “associated victim” and confirming no internal personnel involvement in criminal activities is seen as essential to reassure shareholders and restore market confidence ahead of this crucial capital raise.
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