Cholimex Food's management anticipates record-breaking business results this year, surpassing figures from 2025. Last year, the company reported 4,087 billion VND in revenue and 356 billion VND in pre-tax profit, averaging approximately one billion VND in daily earnings.
Explaining these ambitious targets, Cholimex Food's leadership identifies positive market trends. Consumers are increasingly prioritizing safe, traceable products, and e-commerce activity continues to expand. Despite this optimism, the company anticipates challenges this year, including potential supply chain disruptions, fluctuating raw material prices, rising transport costs, and ensuring stable supply.
Cholimex Food's management highlights the company's leading position in the domestic dipping sauce and condiment market. Its chili and tomato sauces are distributed across approximately 100,000 retail points, fast-food establishments, and supermarkets. The company further serves as a supplier to prominent restaurant chains such as McDonald's, Haidilao, KFC, and Jollibee.
Last year, Cholimex Food introduced over 55 new products across its dipping sauce, condiment, and frozen food lines. Internationally, the company expanded its customer base to Australia, China, and Indonesia, complementing its established markets in Europe.
Cholimex Food traces its origins to the Truc Dung Import-Export Public-Private Joint Venture, established in 1981 in old District 5, TP HCM. The company initially operated across various sectors before specializing in seafood and food processing.
Approximately four years after its founding, Cholimex Food ventured into chili sauce production. The product quickly gained popularity domestically, aligning with local tastes. Early production methods were basic, utilizing stone grinders for chili and manual bottling. Over time, the company modernized, importing chili grinding equipment from Switzerland with state funding, boosting daily capacity to about 30,000 bottles. These products were distributed both locally and exported to Eastern European nations, leveraging networks of Vietnamese studying and working abroad.
Beyond its consistent business expansion, Cholimex Food maintains a tradition of distributing high cash dividends. The company plans to allocate nearly 41 billion VND for a 50% dividend payout, translating to 5,000 VND per share for shareholders, as per the proposal for the upcoming annual meeting. Cholimex Food's three major shareholders—Cholimex, Masan, and Nichirei Foods Inc (Japan)—collectively hold a 92,55% stake.
The company's shares currently trade at approximately 423,000 VND on the stock market. However, the stock frequently experiences low liquidity due to its concentrated shareholder base.
Phuong Dong
