DABACO GROUP (CÔNG TY CỔ PHẦN TẬP ĐOÀN DABACO VIỆT NAM): A Leading Agribusiness Conglomerate Rebounds with Record Profit

DABACO GROUP stands among Vietnam’s most diversified and well-capitalized agribusiness and food companies. Operating under Business ID and Tax Code: 2300105790, the company is headquartered in Bac Ninh City and publicly traded on the Ho Chi Minh Stock Exchange (HOSE) under the symbol DBC. Since its registration in 2004, DABACO GROUP has evolved into a vertically integrated operation spanning animal feed production, livestock breeding, food processing, retail services, and real estate investment.

Financial Performance: Explosive Profit Recovery in 2024

In 2024, DABACO GROUP recorded an impressive financial turnaround. Total sales reached USD 557.64 million, a 22.17% increase over 2023, while net profit soared to USD 31.6 million, a remarkable 2,975% increase year-over-year. This marks one of the most significant profit rebounds in the industry, following a modest USD 1 million profit in 2023 and near break-even levels in 2022.

The company’s total assets increased to USD 580.16 million, while owner’s equity rose to USD 277.97 million, both up significantly from prior years. Working capital also grew to USD 58.23 million, reflecting a stronger liquidity position and improved internal cash flow management.

Management and Business Lines

DABACO GROUP is chaired by Mr. Nguyen Nhu So, a veteran entrepreneur in Vietnam’s agribusiness sector. He is supported by a team of experienced executives, including Deputy Chairman and General Director Nguyen Khac Thao. The company currently employs over 6,900 workers, reflecting its scale and reach across Vietnam.

The company’s core businesses include:

• Manufacturing animal and aquatic feed

• Breeding and slaughtering of livestock

• Food processing and packaging

• Supermarket and restaurant operations

• Real estate development

• Wholesale of agricultural inputs and petroleum

This broad scope allows DABACO GROUP to operate a self-contained agribusiness supply chain, minimizing reliance on third-party vendors while capitalizing on growing domestic consumption.

Ownership and Shareholding

As a publicly held corporation, DABACO GROUP has a mix of individual and institutional shareholders. Among them are SSI Securities Corporation, Vietnam Equity Holding, Fraser Investment Holding Pte. Ltd., and PYN Elite Fund. Founder Nguyen Nhu So remains the largest individual shareholder, reinforcing a founder-led growth vision within a listed governance structure.

Business Risk and Verification Perspective

Despite its success in 2024, DABACO GROUP operates in a highly cyclical industry, exposed to feed input price fluctuations, disease risks in livestock, and shifting consumer trends. As the group expands its footprint, particularly in real estate and processing, risk management becomes even more critical.

For suppliers, investors, and trade partners, verifying the financial stability and corporate standing of DABACO is essential. Vanguard Business Information (VBI) offers dedicated Business Verification Services and Financial Risk Management tools, allowing stakeholders to assess solvency, capital efficiency, and long-term viability with precision.

Conclusion

DABACO GROUP has proven its resilience with a major profit rebound and continued asset growth in 2024. As Vietnam’s food and agribusiness market grows more complex and competitive, DABACO’s integrated model and strategic diversification could continue to drive its leadership—so long as stakeholders remain vigilant and informed.