ORION FOOD VINA CO., LTD

ORION FOOD VINA CO., LTD (CÔNG TY TNHH THỰC PHẨM ORION VINA), a 100% foreign-owned company under South Korea’s Orion Corp., remains a powerhouse in Vietnam’s confectionery market. With nearly two decades of operations since its founding in 2005, and registered under Business ID 3700667933, the company has established production bases in both Binh Duong and Bac Ninh, serving a wide national market.

In 2023, ORION FOOD VINA CO., LTD generated over USD 394 million in sales and recorded a net profit of USD 64.5 million, up 4.1% from the previous year. However, growth in revenue has slowed to just 1.2%—a potential red flag for a company used to posting double-digit gains. Even more concerning, both total assets and equity declined, by 4.5% and 5.1% respectively, possibly reflecting reduced reinvestment or tightening financial conditions.

Led by General Director Mr. Park Se Yeol, the company employs about 4,000 workers and remains well-diversified in food production, with activities ranging from baked goods to nutritional beverages. Yet as the Vietnamese snack market becomes increasingly crowded, ORION’s slowing momentum may signal the beginning of stiffer competition or market saturation.

Reliable, yes. Profitable, certainly. But ORION FOOD VINA CO., LTD may need to rethink its growth strategy if it wants to maintain leadership in a rapidly changing consumer landscape. For stakeholders tracking performance beyond surface numbers, Vanguard Business Information LLC (VBI) offers essential financial insights and business risk intelligence on companies like ORION.