Vietnam Insider – Japfa, a leading livestock conglomerate headquartered in Indonesia, has reinforced its position in Vietnam’s agricultural sector with remarkable performance in 2024. The company generated VND 22.63 trillion (USD 876.1 million) in revenue—accounting for nearly one-fifth of its global results—and sold over 125,100 tons of pork, according to Japfa’s latest annual report and AgroMonitor data released in June 2025.
This performance marks a 7.5% year-on-year increase from USD 814.8 million in 2023. Japfa Vietnam also reported a major turnaround, swinging from an operating loss of USD 26.5 million in 2023 to a healthy operating profit of USD 82.9 million in 2024. The group’s global revenue stood at USD 4.62 billion, with an operating profit of USD 410 million.
With a current breeding stock of 69,000 sows, Japfa ranks as the third-largest foreign livestock company in Vietnam, behind C.P. Vietnam (Thailand) with 350,000 sows and CJ (South Korea) with 137,000 sows.
Strategic Investment and Growth in Vietnam
Japfa celebrates 29 years of operations in Vietnam in 2025, having invested over USD 250 million into its Vietnamese operations. The company’s footprint includes 7 feed mills for poultry and swine, 1 aquaculture feed plant, 60 breeding and hatching farms, and over 1,500 owned or contract-fattening farms across the country. Japfa currently employs approximately 6,000 people in Vietnam.
In May 2023, Japfa inaugurated a new feed mill and poultry slaughterhouse in Binh Phuoc Province as part of its continued investment. The feed mill’s first phase has a capacity of 240,000 tons/year, with plans to double to 480,000 tons/year in phase two. The adjacent poultry slaughterhouse spans nearly 15 hectares and can process up to 60,000 birds per day, with an investment of over VND 400 billion.
Operational Excellence and Environmental Responsibility
In line with its environmental commitment, Japfa Vietnam conducted a comprehensive review in 2023 and decided to shut down 9 farms located too close to residential areas or facing unresolvable environmental compliance issues.
The company’s improvement in profitability has been attributed to a combination of higher pork prices due to reduced supply caused by African Swine Fever (ASF), and lower feed material costs, which typically account for up to 70% of livestock production expenses. Japfa also cited cost optimization initiatives, improved farm operations, and stricter control mechanisms as key contributors to its performance boost.
Positive Industry Outlook
Commenting on Japfa’s continued success in Vietnam, Sophie Dao, Lawyer and Senior Partner at GBS – Global Business Services LLC, remarked: “Japfa’s strong financial performance and long-term investment in Vietnam’s livestock sector are testaments to the country’s appeal as a strategic market for global agribusiness. Their commitment to innovation, sustainability, and operational excellence not only benefits consumers but also contributes positively to Vietnam’s agricultural modernization.”
As Vietnam continues to evolve as a hub for agri-food production in Southeast Asia, Japfa’s achievements highlight the growing importance of sustainable, large-scale farming operations and the crucial role foreign investors play in the sector’s transformation.
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Source: Vietnam Insider