VIFON CORPORATION – HO CHI MINH CITY BRANCH

VIFON CORPORATION – HO CHI MINH CITY BRANCH (CÔNG TY CỔ PHẦN VIFON – CHI NHÁNH TP.HCM) operates as a regional branch of VIFON Joint Stock Company, one of Vietnam’s longest-standing names in the instant food and condiment industry. The branch was officially registered on July 7, 2011, under Business ID 1101171437-001, with its head office at 913 Truong Chinh Street, Tay Thanh Ward, Tan Phu District, Ho Chi Minh City.

Expanding VIFON’s Southern Operations

The Ho Chi Minh City branch serves as a vital distribution and commercial hub for VIFON’s operations in southern Vietnam. It handles commission agency, brokerage, and auction activities while also managing logistics, food processing, and product retailing. Its registered business scope includes manufacturing and preserving meat, seafood, fruits, and starch products, as well as the production of noodles, sauces, and ready-to-eat foods. This broad licensing profile reflects the branch’s integral role in supporting the parent company’s production and distribution network.

Financial Growth and Performance

The branch’s financial performance in recent years indicates both growth and volatility. As of fiscal year 2024, total assets reached USD 40.72 million, a 69.6 percent increase from 2023. Owner’s equity rose to USD 19.17 million, representing a strong 122.42 percent growth, while sales increased 12.39 percent year-on-year, reaching USD 116.61 million. Most notably, net profit doubled to USD 10.55 million, a 108.96 percent rise compared to the previous year.

These results signal a substantial rebound following a weaker 2022–2023 period, when sales dropped nearly 20 percent. The recovery in both equity and profitability demonstrates more efficient cost management and renewed consumer demand across the company’s product lines. The branch also reported working capital of USD 18.29 million, up 119.39 percent, suggesting strong liquidity and improved operational flexibility.

Management and Governance

The branch is overseen by Ms. Nguyen T. B. L., the Owner and Manager. Under her supervision, the branch has maintained consistent growth and expanded its local network of retailers and distributors. Although shareholder details are unavailable, the unit operates under the governance of VIFON Corporation, ensuring alignment with the parent company’s standards on food safety, brand integrity, and compliance.

Business Outlook and Risk Perspective

With more than 14 years of operation, VIFON’s Ho Chi Minh City branch is a financially sound and active entity within the parent company’s ecosystem. Its rising equity and profit margins reflect a stable financial footing and efficient operational management. However, given its role as a branch rather than a standalone corporation, its financial independence is limited — performance remains tied to the parent company’s broader market dynamics and brand reputation.

The branch demonstrates low short-term credit risk from a risk management perspective due to its strong liquidity, profitability, and affiliation with a well-established parent organization. Nevertheless, close monitoring of input cost volatility and consumer spending trends in the food sector remains essential, as these factors could affect operating margins in the future.

In summary, VIFON CORPORATION – HO CHI MINH CITY BRANCH is a profitable and expanding component of the VIFON brand’s nationwide operations. Its strong rebound in financial results and sustained capital growth position it as a dependable regional unit supporting one of Vietnam’s leading instant food manufacturers.