MASAN HG CO., LTD: A Key Player in Vietnam’s Processed Food Sector

MASAN HG ONE MEMBER COMPANY LIMITED, locally known as Công Ty TNHH Một Thành Viên Masan HG, is a privately held enterprise that has steadily grown into one of Vietnam’s notable manufacturers in the convenience food industry. Officially incorporated on June 11, 2015, the company is legally registered as a one-member limited liability company, with its charter capital recorded at USD 38.72 million and paid-up capital of USD 33.34 million as of December 31, 2023.

Headquartered in Song Hau Industrial Park, Dong Phu Commune, Chau Thanh District, Hau Giang Province, MASAN HG CO., LTD operates under business license number 6300262818, granted by the Hau Giang Province Department of Planning and Investment. The enterprise’s Tax Identification Number (TIN) is also 6300262818.

MASAN HG is a wholly owned subsidiary of Masan Food Company Limited, a leading Vietnamese food and beverage company headquartered in Ho Chi Minh City.

Leadership and Governance

MASAN HG CO., LTD is helmed by a seasoned management team with extensive industry expertise:

• Chairman: Pham H. S., who oversees strategic direction and corporate governance.

• Director: Vu Q. T., responsible for day-to-day operations and executive management.

• Chief Accountant: Huynh T. A. T., who manages the company’s financial systems and regulatory compliance.

These leaders are Vietnamese nationals with deep ties to the local business environment and a strong focus on operational excellence.

Business Activities and Product Portfolio

The company specializes in the manufacture of macaroni, noodles, and similar farinaceous products, which aligns with its core activity in the convenience food sector. However, MASAN HG's capabilities extend far beyond a single niche. Its registered business lines include:

• Spice, soft drink, and ready-made food production

• Processing and preservation of meat, seafood, fruits, and vegetables

• Manufacturing dairy products, oils and fats, non-alcoholic beverages, and packaging materials

• Engaging in wholesale food and beverage trade, transportation support services, and event organization

This broad diversification enables MASAN HG to remain agile in a competitive and fast-evolving market.

Financial Performance and Growth

MASAN HG has demonstrated remarkable growth over the past three years. From 2021 to 2023, its total sales surged from USD 50.35 million to USD 144.97 million, a 188% increase. Net profit for 2023 reached USD 57.37 million, marking a 59.55% year-over-year rise, supported by improved operational efficiencies and strong demand.

Despite a slight decline in total assets by 11.64% in 2023, the company maintained its equity at USD 33.34 million, and continues to report healthy profit margins and sustained positive cash flows.

Workforce and Operational Status

According to media sources, MASAN HG employs between 200 to 500 workers, reflecting its mid-sized operational scale. The company remains active and compliant with Vietnamese corporate regulations, having been in continuous operation for over a decade.

MASAN HG CO., LTD represents a critical asset within Masan Group’s broader ecosystem, underlining Vietnam’s ascent as a regional hub for food production and export. With a solid legal structure, experienced leadership, and dynamic business scope, the company is poised for continued success in the years ahead.