AJINOMOTO VIETNAM CO., LTD

AJINOMOTO VIETNAM CO., LTD (CÔNG TY AJINOMOTO VIỆT NAM), a fully foreign-owned subsidiary of Japan’s Ajinomoto Co., Inc., has quietly maintained its dominance in Vietnam’s seasoning and food manufacturing industry. Operating since 1991 under Business ID 3600244645, the company is based in Bien Hoa I Industrial Park, Dong Nai Province, and employs more than 2,000 workers nationwide.

In fiscal year 2024, the company reported USD 423.9 million in sales and USD 45.8 million in profit, marking a solid yet unspectacular 7% revenue growth and 10.5% increase in profit. Its total assets rebounded from the previous year, returning to over USD 243 million, and equity stood firm at nearly USD 189 million.

While these numbers reflect operational stability, they also raise questions about the company’s longer-term dynamism. Growth appears incremental, not transformative—typical of a well-established firm focused on preserving margins rather than disrupting markets. That’s not necessarily a bad thing, but in an increasingly competitive consumer goods landscape, the pressure to innovate may catch up.

Led by Chairman cum General Director Mr. Tsutomu Nara, AJINOMOTO VIETNAM CO., LTD continues to benefit from its global brand reputation and strong distribution network. Yet it now faces a market that expects not only seasoning, but also smarter, healthier, and more localized food solutions.

For investors, suppliers, or competitors watching the Vietnamese food sector, AJINOMOTO VIETNAM CO., LTD is a reliable giant—just not a fast-moving one. To assess such firms objectively and in detail, Vanguard Business Information LLC (VBI) provides credit intelligence, risk analysis, and company reports that go beyond the surface.