Binh Dinh Food

What Binh Dinh Food does

Binh Dinh Food Joint Stock Company (BIDIFOOD, UPCoM: BLT) is a Vietnamese rice processing and export company headquartered in Quy Nhon, Binh Dinh province. Founded in 1975 and converted to a joint-stock company in January 2008, the firm is majority-controlled (51%) by state-owned Vinafood II (Southern Food Corporation) and listed on Vietnam's UPCoM exchange since July 2017. The company operates 5 modern rice processing factories with combined throughput of up to 70 tons/hour, plus 6 warehouse clusters sited near transportation corridors and seaports to support export logistics. Its product portfolio covers four core rice categories — Vietnamese white rice (long-grain, <1.5% broken), fragrant broken rice (including ST25 variants), traditional glutinous rice varieties (Bắc Bộ, Tú Lệ, Long An sáp), and Japonica rice for sushi/onigiri applications — together with a secondary cassava slice export line at 100,000+ tons/year.

BIDIFOOD's business model is B2B export-focused with quote-based pricing, using formal quotation requests specifying rice grade, broken percentage, packaging, quantity, Incoterms (FOB/CIF/CFR) and payment method (T/T, L/C, D/P, D/A). Exports reach 16+ countries across Asia (China, Philippines, Malaysia), Europe (Germany, Netherlands, Poland) and the Americas (USA, Canada), with a parallel domestic Vietnamese distribution channel. The company sources raw material through a "Large Field Model" (Cánh đồng lớn) that links with farmers for traceability, and operates a smart warehouse management system for supply-chain optimization. Quality certifications include HACCP and ISO 22000, with GlobalG.A.P certification actively in pursuit for raw material regions.

FY2023 financials show revenue of VND 1,478 billion (~US$59M), up approximately 28% YoY from VND 1,158 billion in FY2022 (a prior peak of VND 1,700 billion was reached in FY2021), with FY2023 after-tax profit of VND 14.5 billion (+46% YoY). Capital is allocated through active dividend policy — FY2023 cash dividend was set at 88% (VND 8,800/share), with average annual dividend yield of 34% over 2017–2022 including a record 102.8% payout in 2021. The company has 4 million shares outstanding and operates two wholly-owned operating subsidiaries: An Giang Branch and Hoa Bình Export Food Processing Enterprise, both located in An Giang province in the Mekong Delta rice belt.

Name

Binh Dinh Food

Legal name

Công Ty Cổ Phần Lương Thực Bình Định

Website

https://bidifood.vn

Company type

Public

Founded year

1975

Operating status

Operating

Short description

Binh Dinh Food (BIDIFOOD) is a Vietnamese state-controlled rice processor and exporter operating 5 factories and 6 warehouse clusters, selling bulk white, aromatic, glutinous, and Japonica rice plus cassava slices to B2B buyers in 16+ countries across Asia, Europe, and the Americas.

Ownership category

akta.pro rank

Product category

Rice Processing and Export

NAICS

Rice Milling (311212)

SIC

Food And Kindred Products (2000)

akta.pro primary industry

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

Keywords

• Rice processing
• Rice export
• Agricultural commodities
• Rice products
• Vietnamese rice

Headquarters

HQ city

Qui Nhon

HQ country

Vietnam

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Rice Export: Processing and exporting various rice varieties including white rice, aromatic rice (Jasmine, ST24, ST25), broken rice, glutinous rice, and Japonica rice. Exports to 16+ countries worldwide.
2. Cassava Slice Export: Processing and exporting cassava slices as secondary agricultural product
3. Domestic Rice Sales: Sales within Vietnamese domestic market

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Bidifood processes and exports Vietnamese rice varieties — including white long-grain rice, fragrant broken rice, glutinous rice, and Japonica rice — along with cassava slices, selling in bulk metric tons to international importers across Asia, Europe, and the Americas and to domestic Vietnamese distributors. Operations are powered by 5 modern processing factories (70 tons/hour capacity) and 6 strategically located warehouse clusters near transportation routes and ports.

Product overview

BIDIFOOD operates as a rice processing and export company with a portfolio of four main rice products. The product line includes Vietnamese white rice (the flagship product with long-grain characteristics), fragrant broken rice (a value-added milling byproduct), glutinous rice (traditional varieties for specialty dishes), and Japonica rice (Japanese-style round grain for sushi and culinary use). The company processes rice through 5 modern factories with 70 tons/hour capacity and exports to 16+ countries including the USA, EU, China, Philippines, Malaysia, Germany, Netherlands, Poland, Canada, and others. All products are quality-certified under HACCP and ISO 22000 standards, with GlobalG.A.P certification in progress for raw material sourcing areas.

Differentiator

Problem solved

Functional benefit

Products and services

• Vietnamese White Rice (Gạo trắng Việt Nam) Vietnamese white long-grain rice with white, translucent grains producing soft, chewy cooked rice with light fragrance. Specifications: maximum 1.5% broken grains, 0.5% red/red-striped grains, 0.2% impurities, minimum 90% purity, average grain length 6.6mm. Sold to international importers and domestic distributors in bulk metric tons.
• Fragrant Broken Rice (Gạo tấm thơm) Broken rice from the milling process that retains nutrition from the germ and bran. Available in fragrant broken rice, ST25 broken rice, and fine broken rice varieties. Cooks as rice or porridge, producing soft, fluffy, fragrant results at affordable prices. Sold to international and domestic buyers in bulk.
• Glutinous Rice (Gạo nếp) Vietnamese glutinous rice available in varieties including nếp cái hoa vàng (Bắc Bộ), nếp Tú Lệ (Yên Bái), nếp nương Điện Biên, nếp sáp ngọt (Đồng bằng sông Cửu Long), and nếp sáp (Long An, Đồng Tháp). Used for xôi, traditional cakes (bánh chưng, bánh tét), cốm, and rice wine. Sold in bulk to international and domestic buyers.
• Japonica Rice (Gạo Japonica) Japanese-style round-grain rice known for its soft, sticky texture, light fragrance, and high binding properties. Commonly used in Japanese cuisine such as sushi and onigiri rice balls. Specifications: maximum 14% moisture, 5% broken grains, 2% chalky grains, 0.5% yellow grains, 0.3% damaged grains, 0.3% red/red-striped grains, average grain length 4.6-4.8mm, minimum 95% purity. Sold in bulk to international and domestic buyers.
• Cassava Slices (Export) Processed cassava slices exported as a secondary agricultural product by BIDIFOOD, with annual export volume exceeding 100,000 tons. Sold in bulk to international buyers.

Named customers2 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

Feature3 records

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Thagrico (Vietnam Southern Food Corporation - Vinafood II affiliates): Thagrico is part of the broader Vietnamese state-owned agricultural trading ecosystem connected to Vinafood II. It operates in rice and agricultural commodity trading with significant export focus, comparable to BIDIFOOD's core activities.
• SunRice (Ricegrowers Limited): SunRice is Australia's largest rice processor and a globally recognized branded rice exporter. It is comparable to BIDIFOOD in vertically integrated rice milling, branded exports, and multi-market distribution.
• KRBL Limited: KRBL is one of India's largest rice millers and exporters (India Gate brand), with significant basmati and specialty rice processing and export operations. It is comparable to BIDIFOOD as a large-scale branded rice processor serving global markets.
• Loc Troi Group: Loc Troi Group is a leading Vietnamese rice producer and exporter with large-scale processing and farmer linkage programs. It is the closest direct competitor to BIDIFOOD in terms of product, customer base, and business model within Vietnam's rice export industry.
• Vinafood I (Vietnam Northern Food Corporation): Vinafood I is the northern counterpart of Vinafood II and a major Vietnamese state-owned rice trader and exporter. It is directly comparable to BIDIFOOD in product, scale, and government-affiliated governance model.
• The PAN Group: The PAN Group is a Vietnamese agricultural and food conglomerate with rice processing and export operations alongside other F&B categories. It competes with BIDIFOOD in rice exports and shares the same Vietnam-based, export-oriented agricultural model.

Broad incumbents

• Olam Agri: Olam Agri is a global agricultural commodity merchant with a significant rice origination, processing, and trading business. It is a broader incumbent that competes with BIDIFOOD in international rice trade but at vastly larger scale and across multiple commodities.
• COFCO International: COFCO International is a Chinese state-owned global grain trader with significant rice sourcing and trading operations. It competes with BIDIFOOD for Asian rice supply chains and shares the state-affiliated governance dynamic.
• Louis Dreyfus Company: Louis Dreyfus Company is a global commodity merchant active in rice origination and trade. It is a broad incumbent peer with significant overlap in international rice flows and B2B export customers.
• Wilmar International: Wilmar International is one of Asia's largest agribusiness groups with rice milling and trading operations across multiple geographies. It is comparable to BIDIFOOD as a large-scale Asian rice processor, though with a far broader portfolio including edible oils and sugar.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 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 Binh Dinh Food