Hung Duy Group
Hung Duy Group is a family-owned Vietnamese conglomerate that manufactures and exports tapioca starch through six Tay Ninh factories (>50,000 tons/year), distributes consumer goods from 21 major brand owners, and operates a hospital, two hotels and an entertainment center.
- Company typePrivate
- Founded1994
- HeadquartersTay Ninh, Vietnam
- Headcount11–50
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Hung Duy Group does
Hung Duy Group is a privately-held, family-owned Vietnamese diversified conglomerate founded in 1994 and headquartered in Tay Ninh Province. Its core operations are the manufacturing and export of tapioca/cassava starch, conducted through six dedicated production facilities in Tay Ninh industrial zones (Hòa Hội, Ninh Điền, Thanh Xuân, Thạnh Bình), which together support more than 50,000 tons of annual starch exports to China, Indonesia, Taiwan, Bangladesh and European markets. The group's proprietary technology includes dedicated tapioca starch processing lines and SEPA-based starch-mud separation, and it has begun deploying solar photovoltaic systems across the factory network through a partnership with Tona Syntegra Solar to reduce energy cost and CO2 intensity.
Beyond starch, Hùng Duy operates a B2B consumer-goods distribution franchise in Tay Ninh serving 21 major brand owners — including Unilever, Vinamilk, Mondelez/Kinh Đô, Kimberly-Clark, Abbott, Castrol and an exclusive Vina Kyoei Steel agreement — through wholesale and an expanding Central Retail channel. Diversified subsidiaries include the multi-specialty Hong Hung General Hospital (16 specialties, opened October 2020), Sunrise Hotel, Victory Hotel and the CANA commercial/entertainment center. The group is family-led (Chairman Lê Hữu Hưng; General Director Lê Minh Trúc), ranked in Vietnam's VNR500 Top 500 Private Enterprises, and recognized with the ASEAN Typical Enterprise Award, Top 200 Sao Vàng Đất Việt (2021), Vietnam Sustainable Enterprise 2020, and a 3rd Class Labor Medal. Newer initiatives — a 2026 cooperation with the Cambodia Cassava Federation, Greenex Biotech Solutions, and the 2025/2026 solar rollout — point to selective geographic, vertical and sustainability expansion funded through retained earnings rather than external capital.
Hung Duy Group firmographics
Firmographics- Name
- Hung Duy Group
- Legal name
- Công Ty Hùng Duy
- Website
- https://hungduy.vn
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Hung Duy Group is a family-owned Vietnamese conglomerate that manufactures and exports tapioca starch through six Tay Ninh factories (>50,000 tons/year), distributes consumer goods from 21 major brand owners, and operates a hospital, two hotels and an entertainment center.
- Ownership category
- akta.pro rank
Where Hung Duy Group is headquartered
LocationHeadquarters
- HQ city
- Tay Ninh
- HQ country
- Vietnam
- HQ region
- Asia
Offices13 records
Markets served
Hung Duy Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Tapioca Starch Manufacturing & Export: Production and export of tapioca/cassava starch products through 6 manufacturing facilities, serving international markets in Asia and Europe.
- Consumer Goods Distribution: Distribution of branded consumer goods including food, beverages, personal care, and household products through wholesale and retail networks.
- Healthcare Services: Operation of Hong Hung General Hospital providing multi-specialty medical services to local communities.
- Hospitality & Entertainment: Operation of hotels (Sunrise Hotel, Victory Hotel) and entertainment center (CANA) serving tourists and locals in Tay Ninh province.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Factory positions salary range |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels4 records
Hung Duy Group product offering
Product offeringCore offering
Hung Duy Group is a diversified Vietnamese conglomerate whose core business is the manufacturing and export of tapioca/cassava starch through six factories. Beyond starch, the group operates a consumer goods distribution network, Hong Hung General Hospital, Sunrise Hotel and Victory Hotel, the CANA Commercial & Entertainment Center, and a new biotech venture (Greenex Biotech Solutions).
Product overview
Hung Duy Group is a multi-industry Vietnamese conglomerate operating across distinct business segments. Its primary segment is tapioca/cassava starch manufacturing and export, managed under the Hùng Duy Starch brand through six dedicated factories (Nhà máy 1–6) located across various industrial zones in Tay Ninh Province, Vietnam, making it one of the largest starch exporters globally. The group's healthcare segment is anchored by Bệnh viện Đa Khoa Hồng Hưng (Hong Hung General Hospital), a multi-specialty hospital. The hospitality segment includes Sunrise Hotel and Victory Hotel, while entertainment is served through Trung tâm Giải trí CANA (CANA Commercial & Entertainment Center). Additional group members include INFINI and MYM, whose specific offerings are not detailed in available sources. The newest venture is Greenex Biotech Solutions, a biotech project still in the staffing and development phase. The group also maintains distribution, logistics, and infrastructure operations, and the parent holding company is Công Ty Hùng Duy itself.
Differentiator
Problem solved
Functional benefit
Brands
- Hùng Duy Starch: Tapioca starch brand and subsidiary of Hung Duy Group, specializing in cassava/tapioca starch production and export.
- Hồng Hưng
- CANA
- Sunrise Hotel
- Victory Hotel
- Greenex Biotech
Products and services
- Hùng Duy Starch (Tapioca Starch)
- Hong Hung General Hospital
- Sunrise Hotel and Victory Hotel
- CANA Commercial & Entertainment Center
- Consumer Goods Distribution
- Greenex Biotech Solutions
Companies that use Hung Duy Group
Customer profileNamed customers13 records
Segments3 records
Ideal customer profiles4 records
Hung Duy Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Hung Duy Group partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and major.
- Tona Syntegra SolarcoreStrategic partnership for the implementation of solar photovoltaic systems at Hung Duy Starch manufacturing facilities. The partnership aims to pioneer green energy transformation in Vietnam's tapioca starch industry, optimizing energy use and reducing CO2 emissions.
- Liên đoàn Sắn Campuchia (Cambodia Cassava Federation)coreCooperation agreement to strengthen cassava starch industry collaboration between Vietnam and Cambodia, supporting cross-border raw material supply and trade.
- Central Retail GroupcoreStrategic cooperation signing for retail distribution, enabling Hung Duy products to reach consumers through Central Retail's extensive retail network across Vietnam.
- VinamilkcoreConsumer goods distribution partnership - distributing Vinamilk dairy products through Hung Duy's distribution network in Tay Ninh province
- UnilevercoreConsumer goods distribution partnership - distributing Unilever personal care and household products through Hung Duy's distribution network
- Vina Kyoei SteelcoreExclusive distributor partnership for all construction steel products from Vina Kyoei Steel Company in the Tay Ninh market
- Kimberly-ClarkmajorConsumer goods distribution partnership - distributing Kimberly-Clark personal care products through Hung Duy's distribution network
- Kinh Đô (Mondelez)majorConsumer goods distribution partnership - distributing Kinh Đô confectionery and food products through Hung Duy's distribution network
- CastrolmajorConsumer goods distribution partnership - distributing Castrol automotive products through Hung Duy's distribution network
- AbbottmajorConsumer goods distribution partnership - distributing Abbott nutritional and healthcare products through Hung Duy's distribution network
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Hung Duy Group competitors and assessment
Company assessmentBroad incumbents
- Tereos: Tereos is a French cooperative producing starch, sweeteners, and ethanol from wheat, corn, and sugar beet. Comparable to Hung Duy as a cost-driven commodity and specialty starch producer with similar thin-margin commodity economics.
- Cargill: Cargill is a global agricultural commodities and food ingredients giant producing industrial starches, sweeteners, and ethanol. Comparable to Hung Duy as a vertically integrated agricultural processor competing in the same global industrial starch trade flows into Asia and Europe.
- AGRANA: AGRANA is an Austria-headquartered starch, sugar, and fruit concentrate group producing starches from corn, potato, and wheat. Comparable to Hung Duy as a vertically integrated industrial starch producer with global export reach.
- Ingredion: Ingredion is a global ingredients powerhouse producing starches, sweeteners, and plant-based proteins from corn, tapioca, and other crops. Comparable to Hung Duy as a large-scale starch manufacturer serving overlapping food and industrial end markets across Asia, Europe, and the Americas.
- Wilmar International: Wilmar is Asia's leading agribusiness group spanning palm oil, oilseeds, sugar, and consumer products distribution. Comparable to Hung Duy as a Southeast Asian integrated agro-processing and consumer goods distribution platform with multi-country export footprint.
- Tate & Lyle: Tate & Lyle is a global food and beverage solutions company producing specialty starches, sweeteners, and texturants. Comparable to Hung Duy's Hùng Duy Starch division as a multi-end-market starch supplier with industrial and food-grade product portfolios.
- Roquette: Roquette is one of the world's largest starch and starch-derivative producers, headquartered in France with plants globally. Comparable to Hung Duy as a multi-feedstock starch manufacturer serving food, pharma, paper, and industrial customers worldwide.
Direct peers
- Avebe: Avebe is a Dutch cooperative producing native and modified starches primarily from potato for food, paper, and industrial customers worldwide. It is the most direct analog to Hung Duy's model: converting a single agricultural feedstock into industrial-grade specialty starches at scale and exporting globally.
Regional players
- San Miguel Corporation: San Miguel is a diversified Filipino conglomerate spanning food and beverage, packaging, fuels, and power. Comparable to Hung Duy as a Southeast Asian family-controlled conglomerate combining agro-processing with non-core industrial and consumer businesses.
- Sime Darby Plantation: Sime Darby Plantation is a Malaysian-listed agribusiness with upstream plantations and downstream consumer products. Comparable to Hung Duy as an ASEAN conglomerate with industrial agro-processing roots and diversified downstream consumer distribution.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
Hung Duy Group social profiles
Digital presenceHung Duy Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hung Duy Group leadership team
Management profileNumber of profiles
Profiles2 records
Hung Duy Group subsidiaries and ownership
Company hierarchySubsidiaries13 records
Hung Duy Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hung Duy Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hung Duy Group
What does Hung Duy Group do?
Hung Duy Group is a diversified Vietnamese conglomerate whose core business is the manufacturing and export of tapioca/cassava starch through six factories. Beyond starch, the group operates a consumer goods distribution network, Hong Hung General Hospital, Sunrise Hotel and Victory Hotel, the CANA Commercial & Entertainment Center, and a new biotech venture (Greenex Biotech Solutions).
Is Hung Duy Group a public or private company?
Hung Duy Group is a private company. It is classified as family owned and is currently operating.
When was Hung Duy Group founded?
Hung Duy Group was founded in 1994. It employs 11 to 50 people.
Where is Hung Duy Group based?
Hung Duy Group is headquartered in Tay Ninh, Vietnam, in the Asia region.
How does Hung Duy Group make money?
Four revenue lines are on record. Tapioca Starch Manufacturing & Export is the primary driver. The others are consumer Goods Distribution, healthcare Services and hospitality & Entertainment.
Who are Hung Duy Group's main competitors?
Broad incumbents on record are Tereos, Cargill, AGRANA, Ingredion, Wilmar International, Tate & Lyle and Roquette. Avebe is listed as a direct peer. Regional players are San Miguel Corporation and Sime Darby Plantation.
Does Hung Duy Group have an API?
No public API is recorded for Hung Duy Group.