NUTRECO INTERNATIONAL (VIETNAM) COMPANY LIMITED

NUTRECO INTERNATIONAL (VIETNAM) COMPANY LIMITED (Công ty TNHH Nutreco International Việt Nam) is one of the leading foreign-invested enterprises in Vietnam’s animal feed industry. Established on March 28, 2001, and headquartered at Alpha Tower, 151–153 Nguyen Dinh Chieu Street, District 3, Ho Chi Minh City, the company operates under the umbrella of Nutreco International B.V. (Netherlands), which holds 100% ownership.

With more than 24 years of experience in Vietnam and a workforce of approximately 400 employees, Nutreco Vietnam contributes significantly to modernizing the livestock and aquaculture sectors, promoting efficiency, sustainability, and innovation in feed production.

1. Corporate Background and Management

Nutreco Vietnam is an FDI company with a charter capital of USD 27.41 million and paid-up capital of USD 14.03 million. It is part of Nutreco’s global network, which operates in over 40 countries through its two key divisions: Skretting (aquaculture nutrition) and Trouw Nutrition (livestock and poultry feed).

The company’s leadership includes Mr. Onnes D. A. (General Director, Dutch) and Ms. Zhen Y. L. (Director, Canadian), both seasoned executives with international experience in agribusiness and feed technology.

2. Business Operations and Product Portfolio

Nutreco Vietnam specializes in the manufacture and trade of animal feed and aqua feed, supplying both the domestic and export markets. Its product portfolio covers:

• Fish and shrimp feed under the Skretting brand.

• Livestock and poultry feed under the Trouw Nutrition brand;

• Nutritional additives, premixes, and customized feed solutions.

The company operates two advanced production facilities located in Tay Ninh Province:

• My Yen Commune, Tay Ninh – specializing in aqua feed production;

• Thuan Dao Industrial Park, Long Cang Commune, Tay Ninh – focusing on livestock feed and premixes.

These factories employ advanced European technologies and comply with ISO 22000 and GMP+ standards, ensuring traceability and high-quality output.

3. Financial Performance

Nutreco Vietnam’s financial results for 2021–2023 reflect both its strong operational base and challenges caused by global commodity volatility.

By the end of 2023, the company recorded total assets of USD 60.87 million, up slightly by 0.34% compared to 2022. Equity stood at USD 14.07 million, representing a 19.6% decline from the previous year due to accumulated losses.

Revenue reached USD 96.05 million, down 5.54% from 2022 as animal feed demand weakened amid high raw material costs and price competition. After posting modest profits in previous years, the company incurred a net loss of USD 3.44 million in 2023, mainly due to rising input prices, lower export margins, and higher operational costs.

Despite this temporary setback, Nutreco Vietnam remains financially stable, backed by its parent company’s global capital base and technical support. Its net worth of USD 13.76 million and long-standing market presence continue to reinforce confidence among partners and clients.

4. Market Position and Brand Strength

Nutreco is globally recognized for its leadership in sustainable animal nutrition. In Vietnam, it operates through its two flagship brands:

• Skretting, a pioneer in aquaculture feed solutions for shrimp, tilapia, and pangasius — vital species in Vietnam’s export aquaculture industry.

• Trouw Nutrition, focusing on feed innovation for poultry, swine, and dairy production, with solutions designed to enhance productivity, reduce disease risk, and optimize feed conversion ratios.

Together, these brands position Nutreco Vietnam among the top-tier feed producers in the country, competing with major players such as C.P. Vietnam, De Heus, and GreenFeed.

5. Sustainability and Innovation

Aligned with Nutreco’s global mission of “Feeding the Future,” the Vietnam subsidiary actively promotes sustainability through:

• Research partnerships with universities and government institutes to improve feed efficiency and reduce environmental impact;

• Use of alternative protein sources and feed ingredients that lower carbon emissions;

• Precision feeding technologies to minimize waste in aquaculture and livestock operations.

The company also participates in regional initiatives under the SEA Feed Innovation Network, supporting Vietnam’s transition toward a low-emission agricultural economy.

6. Strategic Outlook

The animal feed industry in Vietnam is valued at more than USD 12 billion annually, driven by population growth, dietary shifts, and the country’s role as one of the world’s largest seafood exporters. Nutreco Vietnam’s dual focus on aquaculture and livestock nutrition positions it at the center of this growth.

Although 2023 was a challenging year, the outlook remains optimistic. The company is expected to recover profit margins as global feed grain prices stabilize and local demand rebounds. Continuous investment in R&D, product quality, and sustainable feed solutions will reinforce its leadership in the premium segment.

7. Conclusion

NUTRECO INTERNATIONAL (VIETNAM) COMPANY LIMITED exemplifies how global expertise can integrate with Vietnam’s local agricultural ecosystem to advance sustainable food production. Backed by the strength of Nutreco B.V. (Netherlands), the company remains a vital contributor to the country’s livestock and aquaculture industries.

With a long-term vision focused on innovation, sustainability, and technical excellence, Nutreco Vietnam continues to play a key role in shaping the future of responsible animal nutrition and food security in Vietnam and across Southeast Asia.