Vinaseed

What Vinaseed does

Vinaseed (Vietnam National Seed Group JSC — Công ty Cổ phần Tập đoàn Giống cây trồng Việt Nam) is Vietnam's largest seed corporation by scale and market share, controlling 22.5% of the country's food crop seed market as of December 2024. Founded in 1968 as a state seed farm under the Ministry of Agriculture and Rural Development, the company joint-stock-converted in 2003, joined the PAN Group ecosystem in 2014, and reorganized into its current Group structure with 31 member units in 2019. Its core offering is the research, development, and production of high-yield, climate-adapted plant varieties — rice (Dài Thơm 8, Thơm RVT, Thiên Ưu 8, Ngọc Nữ 9, VNR20, VNR88), corn (HN88, HN268, Ngân Điệp 926), and vegetables — supported by gene/cell technology, hybrid seed production, Agriculture 4.0 traceability, and 100% Japanese-technology processing at the 350 billion VND Dong Thap Industrial Center (121,000 tonnes annual seed capacity, ~2 million hectares of cultivation coverage).

The company operates three revenue lines: crop seed production and sale (80% of revenue from science-and-technology products), branded safe agricultural products (VJ Rice, Vinarice, ST25, premium rice variants) carrying a '4 Nos' guarantee (no pesticide residue, no artificial fragrance, no coloring, no preservatives), and agricultural materials and services (Foraxyl/Maizine crop protection, Supermes foliar fertilizer, drip irrigation technology, and value-chain technical services). Distribution is sales-led through 31 subsidiary units and branch offices nationwide, supplemented by a Shopee e-commerce storefront, institutional channels for cooperatives and export partners, and farmer field days serving more than 40,000 partnered farming households across 13 provinces of the Mekong Delta.

Vinaseed is publicly listed on the Vietnam stock exchange under ticker VINASEED with PAN Group as controlling parent. The company reports FY2024 standalone revenue of 2,448.7 billion VND (~$96M USD) and equity of 1,520.6 billion VND (~$60M USD), with a workforce disclosed at "over 1,000" of which 80% hold university or postgraduate qualifications. Deloitte Vietnam serves as external auditor, and recognized affiliations include Forbes Vietnam Top 50 Listed Companies (2023, 2024) and Forbes Asia Best Under $1 Billion (2023). Risk considerations include a 2026 Hanoi tax administrative penalty, an April 2026 correction notice on 2025 audited standalone financial statements, and a material discrepancy between the company-stated FY2024 revenue (2,448.7 billion VND) and a separate financials-table series (~96 trillion VND for 2024), implying either consolidated-group reporting or reporting irregularity.

Name

Vinaseed

Legal name

Công ty Cổ phần Tập đoàn Giống cây trồng Việt Nam

Website

https://vinaseed.com.vn

Company type

Public

Founded year

1968

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Agricultural Seeds and Crop Production

NAICS

Oilseed and Grain Farming (1111), Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing (3253), Food Crops Grown Under Cover (11141)

SIC

Agricultural Production-Crops (100), Agricultural Chemicals (2870), Food And Kindred Products (2000)

akta.pro primary industry

Open-Pollinated/Varietal Seed Multiplication (AFAGAIAE)

akta.pro secondary industries

Rice Farming (AFAGAAAC), Greenhouse Vegetable Production (Tomatoes, Cucumbers, Peppers, Leafy Greens) (AFAGAHAA)

Keywords

• Crop seed production
• Rice seed varieties
• Corn hybrid seeds
• Branded rice products
• Agricultural inputs services

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Crop Seed Production and Sales: Research, development, production and sale of high-yield, superior quality crop seeds (rice, corn, vegetables) with climate adaptation. 80% of revenue comes from science and technology (KHCN) products. Production scale of 121,000 tonnes of seeds equivalent to 2 million hectares of cultivation, accounting for 22.5% market share of Vietnam's food seed market.
2. Safe Agricultural Products: Production and sale of branded safe agricultural products (rice, fruits, vegetables) following closed value chains from proprietary seed varieties, through controlled farming regions, to modern Japanese processing lines. Products carry full traceability and the '4 Nos' guarantee: no pesticide residue, no artificial fragrance, no coloring, no preservatives.
3. Agricultural Materials and Services: Sale of agricultural inputs (fertilizers, pesticides) and provision of technical services including agricultural value chain construction, hybrid production technology transfer, high-tech agricultural production transfer, and drip irrigation technology services.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Vinaseed researches, develops, produces, and sells high-yield, climate-adapted crop seeds (rice, corn, vegetables) commanding 22.5% of Vietnam's food crop seed market. It also produces branded safe agricultural products (rice and clean produce) under closed value chains, and supplies agricultural materials and technical services including crop protection products, fertilizers, drip irrigation, hybrid seed technology transfer, and high-tech agricultural production services. The company operates modern Japanese-technology seed and rice processing centers in Dong Thap and Quang Nam.

Product overview

Vinaseed (Vietnam National Seed Group JSC) is Vietnam's largest seed corporation operating as a comprehensive agricultural solutions provider. The company offers three interconnected business lines: (1) Crop Seeds covering research, development, and production of rice seeds (Thiên ưu 8, Thơm RVT, Đài Thơm 8, Ngọc Nương 9, VNR20, J01, Nhị ưu 838, Thụy Hương 308), corn seeds (HN88, HN68, Min 5, SSC131, LVN4), and vegetable seeds (Taka, Akina melons, watermelons, pumpkins, cucumbers, chilies, tomatoes); (2) Safe Agricultural Products including branded rice (ST25, ST21, black rice, Japonica) and clean fruits/vegetables; and (3) Agricultural Materials and Services encompassing crop protection products (Foraxyl, Maizine), fertilizers (Supermes), drip irrigation technology, and technical services for value chain building and high-tech agricultural production. The company operates processing centers with Japanese technology and emphasizes smart agriculture 4.0 integration.

Differentiator

Problem solved

Functional benefit

Brands

• Vinarice: Rice brand of Vinaseed
• VJ Pearl Rice
• VJ Platinum Rice
• VJ Gold Rice
• VJ Silver Rice
• Hanam Hi-tech
• ST25

Products and services

• Rice Seeds (Giống lúa) High-quality rice seed varieties including conventional rice (Thiên ưu 8, Thơm RVT, Đài Thơm 8, Ngọc Nương 9, Dự Hương 8), Japonica rice (J01), and hybrid rice (Nhị ưu 838, Thụy Hương 308, LY006, KC06-1) sold to farmers and cooperatives across Vietnam.
• Corn Seeds (Giống ngô) Hybrid corn seed varieties including glutinous corn (HN88, HN68, HN90, HN92, HN66), sweet corn (Min 5, HN268, Min 6), and yellow corn (SSC131, SSC586, SSC557, SSC2095, NSC87, LVN4, LVN10, HN45) sold to farmers for commercial cultivation.
• Vegetable Seeds (Giống rau quả) Vegetable seed varieties including melons (Taka, Akina, Taki), watermelons (Lucky 01, Rong đỏ 118), pumpkins (Goldstar 999, Goldstar 998, Koshi), cucumbers (Sakura), bitter melon (HN126), chili (Số 20, VNS358, VNS168, Deli 686), tomatoes (VNS390, VNS585), and leafy vegetables for high-tech cultivation.
• Branded Rice Products (Gạo thương hiệu) Premium branded rice including ST25, ST21, ST24, black rice (Gạo Đen Phúc Thọ), red dragon rice (Gạo Huyết Rồng), Japonica Koshihikari, and VJ series (Pearl, Platinum, Gold, Silver, Crystal) rice sold through retail and export channels.
• Clean Fruits and Vegetables (Rau quả sạch) Clean produce including Japanese melons (Taki, Taka, Akina, ICHIBA, Takeda, Crips Honey, Golden Honey, Green Honey), Golden Jade melon, tomatoes, pumpkins, and cucumbers produced under high-tech cultivation with full traceability.

Quantifiable outcome

• 43% rice yield increase in biostimulant trials (from 482.8 kg to 688.7 kg per 10 ares) with VND 40.2 million profit improvement per hectare in Hung Yen Province
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered minor, flagship and core.

• Deloitte Vietnam (Công ty TNHH Kiểm toán Deloitte Việt Nam)minorOthers · 2 July 2026Vinaseed signed an audit contract with Deloitte Vietnam for annual financial statement auditing services. The company has also published corrected 2025 audited standalone financial statements following a correction notice issued in April 2026.
• Agri SmileflagshipStrategic or Co-development Partner · 2 March 2026Joint development partner for Japanese-developed biostimulant trials in Vietnam. The five-month demonstration in Hung Yen Province yielded a 43% increase in rice output (from 482.8 kg to 688.7 kg per 10 ares) with profit improvements of approximately VND 40.2 million per hectare. Economic returns exceeded six times the application cost.
• Mitsubishi Research InstituteflagshipStrategic or Co-development Partner · 2 March 2026Partnered with Agri Smile and Vinaseed (as PAN Group subsidiary) to conduct biostimulant trials in Vietnam's Hung Yen Province. The joint trial tested a residue-derived biostimulant under tropical conditions for climate resilience and reduced fertilizer dependence. Commercial distribution in Vietnam is being prepared following positive results.
• Japanese Technology Partners (Processing Equipment Suppliers)coreTechnology or Integration · 14 December 2019Vinaseed's Dong Thap Industrial Seed and Agricultural Product Processing Center uses 100% Japanese technology processing lines for seed processing (30 tonnes/hour) and automated rice packaging (30 tonnes/hour). Phase 1 investment of approximately 350 billion VND. The facility is designed to meet the strictest international inspection processes.
• PAN Group (Tập đoàn PAN)coreStrategic or Co-development Partner · 1 January 2014In 2014, Vinaseed became a subsidiary member of PAN Group, gaining access to robust governance, strategy, and market orientation resources. PAN Group ranks among the Top 10 best-governed companies on Vietnam's stock exchange, first in financial management in the crop production sector, Top 50 most efficient businesses in Vietnam, and is recognized by Forbes Vietnam and Forbes Asia.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Syngenta (China) / Syngenta Group: Global crop protection and seed giant offering overlapping rice, corn, and vegetable seed portfolios with significant Vietnam and ASEAN presence. Broad incumbent whose entry into climate-adapted tropical hybrids directly threatens Vinaseed's market share.
• Corteva Agriscience: Global seed and crop protection major with Pioneer hybrid rice and corn portfolios targeting tropical Asia. Broad incumbent competing for institutional and cooperative buyers that Vinaseed serves.
• UPL Limited (Advanta Seeds): Global crop solutions and seeds provider (through Advanta) with tropical field and vegetable crop seed portfolios in Asia. Broad incumbent with overlapping product categories and smallholder distribution approach.
• Bayer Crop Science: Global agricultural inputs and seeds leader (including formerly Monsanto) with Asian rice and vegetable seed activities. Broad incumbent whose scale and R&D capacity pose long-term competitive risk to Vinaseed's premium seed positioning.

Regional players

• Charoen Pokphand Group: Thai agriculture conglomerate with seed, feed, and contract farming operations across ASEAN including Vietnam. Comparable as a vertically integrated regional agricultural group, though broader in scope than Vinaseed's seed-centric model.
• Rasi Seeds (Rasi Hybrid Seeds): Indian hybrid seed company with significant field crop (cotton, rice, corn) and vegetable seed operations in South and Southeast Asia. Comparable regional peer in proprietary hybrid development for tropical smallholder markets.

Direct peers

• East-West Seed: Tropical vegetable seed company operating across Southeast Asia with proprietary hybrid vegetable breeding and smallholder distribution networks. Directly comparable to Vinaseed's vegetable seed business and Mekong Delta farmer outreach model.
• Yuan Longping High-tech Agriculture: China's leading hybrid rice seed developer with a comparable business model of proprietary rice breeding, seed production, and branded rice products. Directly comparable to Vinaseed's rice seed and branded rice value chain.
• SL Agritech: Philippine hybrid rice seed company specializing in tropical climate-adapted varieties, directly comparable to Vinaseed's Đài Thơm 8 and other Mekong Delta-targeted rice varieties in serving Southeast Asian smallholder farmers.

Emerging players

• Nongwoo Bio: South Korean seed company with expanding rice and vegetable seed activities in Southeast Asia. Emerging peer in overlapping crop categories with technology-driven breeding approach similar to Vinaseed's.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/vinaseed
• YouTubeyoutube.com/vinaseed
• Facebookfacebook.com/Vinaseed

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vinaseed