What Vietnam Southern Food does

Vietnam Southern Food Corporation (Vinafood 2) is a Vietnamese state-linked joint-stock company engaged in large-scale rice and food commodity processing, storage, and export. Originally established in 1976 as the Southern Rice Corporation and reorganized in 1995 under Decision 311/TTg into its current corporate form, Vinafood 2 was equitized in 2018 and listed on Vietnam's UPCoM exchange. The company retains approximately 38.89% state capital through the Committee for State Capital Management at Enterprises (CMSC). Operations are anchored in the Mekong Delta and extend across nine wholly-owned processing subsidiaries, including Long An Food Company, Song Hau Food Company, and Safoco, plus port facilities at Tra Noc in Can Tho for export logistics.

The company's core products span multiple rice varieties (Japonica, ST21, OM6976, IR50404, fragrant rice lines including Viet My, Nang Hoa, Bong buoi, Bong su, and glutinous rice), processed foods under the Safoco brand (rice vermicelli, rice paper, fresh noodles, vegetarian noodles, rice tube pasta), wheat flour, and since 2022, aquatic feed from a new processing factory in Cai Be. Vinafood 2 sells an annual average of 2.8-3.0 million tons of rice, generating export turnover exceeding $1 billion USD and total import-export revenue exceeding 30,000 billion VND per year. The business model combines B2B/B2G bulk export contracts with international rice importers and government food security agencies, alongside domestic wholesale distribution through over 400 agents and branded retail.

Distribution spans Asia (Philippines, Malaysia, Indonesia, Bangladesh, China), Africa, the Middle East, Australia, Eastern Europe, and select EU countries, with a March 2025 strategic partnership with Olam International targeting premium jasmine rice market expansion. Domestic distribution is supplemented by a 400+ agent wholesale network and branded Safoco retail SKUs. Strategic financial and technology partners include BIDV (2022 supply chain financing agreement) and Mobifone (2022-2025 digital transformation partnership oriented to 2030).

Name

Vietnam Southern Food

Legal name

Tổng công ty Lương thực miền Nam – Công ty cổ phần

Website

https://vinafood2.com.vn

Company type

Public

Founded year

1976

Operating status

Operating

Headcount range

11–50 employees

Short description

Vietnam Southern Food Corporation (Vinafood 2) is a state-linked Vietnamese rice and food commodity enterprise that processes, distributes, and exports 2.8-3.0 million tons of rice annually to international importers and domestic wholesale networks across Asia, Africa, and Europe.

Ownership category

akta.pro rank

Product category

Rice Export and Food Processing

NAICS

Rice Milling (311212), Food Manufacturing (311), Grain and Oilseed Milling (3112)

SIC

Food And Kindred Products (2000), Miscellaneous Food Preparations & Kindred Products (2090)

akta.pro primary industry

Rice & Grain Processing (milling, polishing, parboiling, blending) (AFAKABAE)

akta.pro secondary industries

Import/Export & Cross-Border Food Commodity Trading (AFAIAKAL), International & Ethnic Packaged Foods (CRADAAAG), Ethnic & International Foods Wholesale Distribution (CRAOAAAJ)

Keywords

• Rice export trading
• Rice processing manufacturing
• Food distribution wholesale
• Agricultural commodities
• Processed food products

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Rice Export: Bulk rice export to international markets generating over $1 billion USD in annual export turnover. Primary markets include Philippines, Malaysia, Indonesia, Bangladesh, and other Asian, African, Middle Eastern, Australian, Eastern European countries and some EU countries.
2. Import-Export Trading: Import-export revenue exceeding 30,000 billion VND annually including rice, wheat, flour, processed foods, agricultural products, and packaging materials.
3. Rice Processing and Manufacturing: Processing of various rice varieties and processed food products including noodles, rice vermicelli, fresh noodles, and wheat products under Safoco and other brand names.
4. Domestic Wholesale Distribution: Wholesale distribution of rice and food products across Vietnam through 400+ distribution agents. Also operates retail stores and convenience stores.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Vietnam Southern Food Corporation (Vinafood 2) procures, processes, and exports rice and related food products in large volumes. The company sells 2.8–3.0 million tons of rice annually to international markets across Asia, Africa, the Middle East, Australia, Eastern Europe, and the EU, and distributes rice and Safoco-branded processed food products (noodles, rice paper, wheat flour) domestically through 400+ wholesale agents and retail stores.

Product overview

Vietnam Southern Food Corporation (Vinafood 2) operates as a large-scale rice and food commodity enterprise offering a diverse portfolio of products. The core product lines include multiple rice varieties such as Japonica, ST21, OM6976, IR50404, fragrant rice varieties (Việt Mỹ, Nàng Hoa, Bông bưởi in multiple colors, Bông sứ, Bông trạng nguyên), and glutinous rice (Nếp sáp, Nếp IR4625). The company also produces processed food products under the Safoco brand including rice tube pasta (Nui), rice vermicelli (Bún gạo, Bún tươi), various noodle types (Mì chay, Mì xào cao cấp, Mì trứng), and rice paper (Bánh tráng). Additionally, wheat flour products are part of the portfolio. Products are distributed domestically through over 400 agents and exported to markets across Asia, Africa, Middle East, Australia, Eastern Europe, and the European Union.

Differentiator

Problem solved

Functional benefit

Brands

• Safoco: Rice noodles, rice paper, fresh noodles, and instant noodles under Safoco brand
• Colusa Miliket
• Mecofood

Products and services

• Gạo Japonica (Japonica Rice) Japonica rice with white transparent color, natural scent, and round grains averaging 5.1mm in length. When cooked, the rice is sweet and sticky with grains sticking together and remains soft and pliable when cooled. Produced by Vinafood 2's Long An Food Company subsidiary for domestic wholesale and export markets.
• Gạo ST21 (ST21 Fragrant Rice) Fragrant rice with a light jasmine scent, featuring very long and transparent grains averaging 6.3mm in length. Produced by Vinafood 2's Long An Food Company subsidiary for export and domestic distribution.
• Gạo OM6976 (OM6976 Rice) Rice variety offered by Vinafood 2's Long An Food Company subsidiary for export and domestic wholesale customers.
• Gạo IR50404 (IR50404 Rice) Rice variety offered by Vinafood 2's Long An Food Company subsidiary for export and domestic wholesale customers.
• Gạo thơm Việt Mỹ (Viet My Fragrant Rice) Branded fragrant rice product marketed under the Viet My name by Vinafood 2 for domestic wholesale and export markets.
• Gạo thơm Nàng Hoa (Nang Hoa Fragrant Rice) Fragrant rice variety produced by Vinafood 2's Long An Food Company subsidiary for export and domestic wholesale distribution.
• Gạo thơm Bông bưởi (Fragrant Rice — Grapefruit Flower) Fragrant rice varieties offered under the Bông bưởi (Grapefruit Flower) brand in red, yellow, green, and purple variants, featuring gentle aroma and chewy texture.
• Gạo thơm Bông sứ (Fragrant Rice — Magnolia Flower) Fragrant rice varieties offered under the Bông sứ (Magnolia Flower) brand in red, green, and purple variants, featuring gentle aroma and moderately chewy texture that remains good when cooled. Produced by Song Hau Food Company.
• Nếp sáp (Sap Glutinous Rice) Glutinous rice variety (Nếp sáp) offered by Vinafood 2's Long An Food Company subsidiary for domestic wholesale and export markets.
• Safoco Rice Tube Pasta (Nui gạo ống lớn) — 400g Rice-based tube pasta (nui) packaged in 400g format under the Safoco brand, sold through domestic wholesale agents and retail stores.
• Safoco Rice Vermicelli (Bún gạo Safoco) Rice vermicelli (bún gạo) under the Safoco brand, available in 300g and 500g packaging, sold through domestic wholesale and retail channels.
• Safoco Fresh Rice Noodles (Bún tươi Safoco) — 300g Fresh rice noodles (bún tươi) under the Safoco brand in 300g packaging, distributed through domestic wholesale agents and retail stores.
• Safoco Vegetarian Noodles (Mì chay Safoco) — 350g Vegetarian noodles (mì chay) under the Safoco brand in 350g packaging, sold through domestic wholesale and retail channels.
• Safoco Premium Fried Noodles (Mì xào cao cấp Safoco) — 500g Premium fried noodles (mì xào cao cấp) under the Safoco brand in 500g packaging, sold through domestic wholesale and retail channels.
• Safoco Large Egg Noodles (Mì trứng Safoco sợi lớn) — 500g Large-size egg noodles (mì trứng) under the Safoco brand in 500g packaging, distributed through domestic wholesale agents and retail stores.
• Safoco Rice Paper (Bánh tráng Safoco) Rice paper (bánh tráng) under the Safoco brand, available in size 16 and size 22 variants, sold through domestic wholesale agents and retail stores.
• Safoco Rice Pasta with Dried Shrimp (Nui tôm khô Safoco) — 500g Rice pasta (nui) with dried shrimp under the Safoco brand in 500g packaging, distributed through domestic wholesale agents and retail stores.
• Bột mì (Wheat Flour) Wheat flour products produced by Vinafood 2's Công ty Bột mì Bình Đông (Bình Đông Flour Company) subsidiary, sold through domestic wholesale distribution.
• Thực phẩm chế biến (Processed Foods) Processed food product category encompassing Vinafood 2's branded noodles, rice paper, rice vermicelli, and other value-added food products under the Safoco, Colusa Miliket, and Mecofood brands.

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and strategic.

• Olam InternationalcoreStrategic or Co-development Partner · 1 March 2025March 2025 strategic partnership between Olam International and Vietnam Southern Food Corporation to co-develop a jasmine rice sourcing hub in Southeast Asia. This collaboration aims to strengthen premium jasmine rice supply chains and expand market presence in the growing global jasmine rice market valued at USD 6.56 billion in 2024.
• Bangladesh Ministry of FoodstrategicStrategic or Co-development Partner · 26 November 2022Meeting on November 26, 2022 between Vinafood II leadership and Bangladesh Food Minister Sadhan Chandra Majumder to discuss rice trade and cooperation between the two countries.
• Vietnamese Government (Prime Minister's Office)coreStrategic or Co-development Partner · 15 March 2017Vinafood II participated in the Prime Minister-chaired conference on sustainable development of rice industry in the Mekong Delta region, supporting national food security objectives.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• SunRice (Ricegrowers Limited): Australia's largest rice company and a vertically integrated rice grower, processor, and exporter with branded consumer products. Comparable business model of vertical integration plus export to Asian and Middle Eastern markets.
• Olam International / Olam Agri: Singapore-headquartered global agri-trader and Vinafood 2's strategic partner (March 2025). Olam Agri is a major rice trader and originator with global distribution, directly comparable in rice export business model and scale.
• LT Foods: Indian rice company behind Daawat and Royal brands, operating integrated rice milling and export operations. Comparable in combining bulk rice export with branded consumer products serving diaspora and premium markets.
• KRBL Limited: India's largest basmati rice exporter (India Gate brand). Directly comparable as a large-scale rice miller and exporter with both bulk and branded consumer products, serving global markets.
• Loc Troi Group: Leading Vietnamese private-sector rice producer and exporter with vertically integrated operations across the Mekong Delta. Direct competitor in Vietnam for rice export contracts and premium jasmine/fragrant rice segments.
• Capital Rice Company (Thailand): One of Thailand's largest rice exporters with integrated milling and global export presence. Direct competitor in international rice markets, particularly for jasmine and white rice to Asian and African buyers.
• Vinafood 1 (Northern Vietnam Food Corporation): Sister state-owned rice enterprise covering Northern Vietnam. Operates the same B2B/B2G rice export model with government backing, serving the northern half of Vietnam's rice supply chain.

Broad incumbents

• Bunge Limited: Global agribusiness and grain trading major with rice export capabilities among its broader commodity portfolio. Competes with Vinafood 2 in international grain flows but at much greater scale across multiple commodities.
• Archer Daniels Midland (ADM): Global agricultural commodity trader and processor with significant rice export operations. Vastly larger scale and broader portfolio, but directly competes in international rice trading and origination.
• Cargill: Global grain and commodity trading giant with major rice origination and export operations. Overlaps with Vinafood 2 in bulk rice export but operates across a much wider portfolio of grains, oilseeds, and animal nutrition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/vietnam-southern-food-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries9 records

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 Vietnam Southern Food