Doveco

What Doveco does

Doveco (Dong Giao Foodstuff Export Joint Stock Company) is Vietnam's largest fruit and vegetable processor and exporter, operating three industrial centers in Ninh Binh, Son La, and Gia Lai with combined capacity of 136,000–151,000 tonnes per year. The company produces IQF frozen fruits and vegetables (pineapple, passion fruit, mango, durian, sweet corn, spinach), concentrated juices and purees, canned goods (sweet corn, baby corn, pineapple), and shelf-stable products in Tetra Pak aseptic and Tetra Recart paper-can packaging. Its technology stack includes Japanese IQF freezing lines, European concentration/puree processing, X-ray foreign object detection, Ishida automated packaging, an automated pineapple cutting line, and Tetra Pak packaging partnerships introduced to Vietnam for the first time in July 2025.

The company operates a vertically integrated, agriculture-to-export business model anchored by over 30,000 hectares of raw material areas, including 5,500+ hectares directly managed and 13,000+ hectares of linked farmer production, involving more than 20,000 farming households. Export accounts for approximately 75% of revenue across 50–55 countries (EU 40%, Japan/Korea 25%, China 20%, USA 15%); domestic revenue flows through DOVECO Mart retail stores, major supermarket chains (Vinmart, Co.opmart, Big C, AEON), and a proprietary e-commerce platform, with the sweet corn category holding ~80% domestic market share. Government partnerships at provincial level (Ninh Binh, Ha Tinh, Son La) provide land access and cooperative farmer mobilization. The company was founded in 1955 as the first state farm of socialist North Vietnam, equitized into a joint-stock company in 2006, and is led by Chairman and CEO Dinh Cao Khue.

Name

Doveco

Legal name

Cong Ty Co Phan Thuc Pham Xuat Khau Dong Giao (Doveco - Dong Giao Foodstuff Export Joint Stock Company)

Website

https://doveco.com.vn

Company type

Private

Founded year

1955

Operating status

Operating

Short description

Doveco (Dong Giao Foodstuff Export Joint Stock Company) is Vietnam's largest fruit and vegetable processor and exporter, producing IQF frozen fruits, concentrated juices, purees, canned goods, and Tetra Pak aseptic-packaged products from three industrial centers for B2B export customers in 50+ countries and domestic retail channels.

Ownership category

akta.pro rank

Product category

Processed Fruit and Vegetable Products

NAICS

Fruit and Vegetable Preserving and Specialty Food Manufacturing (3114), Fruit and Vegetable Canning, Pickling, and Drying (31142), Dried and Dehydrated Food Manufacturing (311423)

SIC

Canned, Frozen & Preservd Fruit, Veg & Food Specialties (2030), Food And Kindred Products (2000), Beverages (2080)

akta.pro primary industry

Fruit & Vegetable Ingredients for Food Manufacturing (Diced, Slices, Fillings, Toppings) (AFAKAFAI)

akta.pro secondary industry

Canned Beans, Legumes & Pulses Manufacturing (AFAKACAC)

Keywords

• Frozen fruit processing
• Canned vegetable production
• Concentrated juice manufacturing
• Tropical fruit export
• IQF frozen foods

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Export Sales: DOVECO generates the majority of revenue through export of processed fruit and vegetable products. Export accounts for approximately 75% of total revenue. Key export markets include Europe (40%), Japan and Korea (25%), China and other countries (20%), and the United States (15%). Products are exported to over 55 countries and territories globally.
2. Domestic Sales: Domestic market sales of processed agricultural products through supermarket chains, retail stores, and e-commerce platforms. Revenue from 2020-2025 exceeded 1,100 billion VND. Sweet corn products hold approximately 80% of the domestic market share. DOVECO Mart retail stores also contribute to domestic revenue.
3. Fresh Fruit & Raw Material Sales: Sale of fresh fruits from company-managed farms and linked farmer networks. Includes fresh pineapple, passion fruit, mango, banana, dragon fruit, durian, and other tropical fruits both for export and domestic consumption.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Doveco (Dong Giao Foodstuff Export Joint Stock Company) manufactures and exports processed fruit and vegetable products — including IQF frozen fruits and vegetables, concentrated and NFC juices, fruit purees, canned products (sweet corn, baby corn, pineapple), dried fruits, and Tetra Pak/Tetra Recart packaged foods. The company operates a vertically integrated chain from seedling nurseries, large-scale farming on 30,000+ hectares, three industrial processing centers in Ninh Binh, Son La, and Gia Lai, to global distribution across 50+ countries.

Product overview

Doveco operates as a comprehensive agricultural food processing and export company with three main product lines: Fresh/Concentrated Juices & Puree (including pineapple, passion fruit, mango, banana, papaya, and other tropical fruits), Frozen Products (IQF technology for pineapple, corn, soybeans, spinach, durian, dragon fruit, and more), and Canned/Packaged Products (sweet corn, baby corn, pickled cucumbers, and dried fruits). The company also offers products in innovative Tetra Pak paper packaging. Doveco operates three major processing centers in Ninh Binh, Gia Lai, and Son La with combined capacity of 136,000 tons/year, supporting a raw material network of 30,000+ hectares. Products are exported to 50+ countries including Europe, Japan, Korea, USA, Israel, and China.

Differentiator

Problem solved

Functional benefit

Brands

• Tetra Recart Products: Products packaged in Tetra Recart paper packaging technology
• IQF Frozen Products
• Concentrated Juices and NFC
• Canned Products
• Fresh Juice
• Dried Fruit
• Fresh Fruits

Products and services

• IQF Frozen Fruit and Vegetable Products
• Concentrated Fruit Juices Concentrated juices produced from tropical fruits (pineapple, passion fruit, mango) using modern European processing technology combined with thermal sterilization. B2B ingredient supplied to juice manufacturers and food processors in EU, USA, Japan, and Korea.
• NFC (Not From Concentrate) Fruit Juices NFC (Not From Concentrate) fresh fruit juices packaged in Tetra Prisma aseptic packaging, sold through retail channels and exported to international markets. Includes pineapple juice, passion fruit juice, and other tropical fruit juices.
• Canned Fruit and Vegetable Products Canned fruit and vegetable products including sweet corn (approximately 80% domestic market share in Vietnam), baby corn, cream-style sweet corn, canned pineapple pieces, and pineapple rings packed in pineapple juice. Sold domestically and exported.
• Fruit Purees Fruit purees made from 100% fresh tropical fruits with no preservatives or added sugars, produced using European processing technology. Includes pineapple puree, passion fruit puree, mango puree, banana puree, papaya puree, longan puree, kumquat puree, and avocado puree. Exported to EU, USA, Japan, and Korea.
• Dried Fruit Products Dried tropical fruit products including banana, pineapple, mango, dragon fruit, passion fruit, jackfruit, papaya, and soft dried passion fruit. Sold through domestic retail channels.
• Tetra Recart/Tetra Prisma Packaged Food Products Food products packaged in Swedish Tetra Pak paper-based aseptic packaging, including sweet corn kernels and cream-style sweet corn in Tetra Recart packaging and pineapple NFC juice in Tetra Prisma packaging. Packaging technology extends shelf life without preservatives or refrigeration and uses environmentally friendly recyclable materials.
• Fresh Tropical Fruits Fresh tropical fruits sourced from company-managed farms and linked farmer networks including pineapple, passion fruit, mango, banana, dragon fruit, durian, and lychee. Sold for both export markets and domestic consumption.
• Pickled Cucumber Products Pickled cucumber products in various flavors including honey, chili, and herbs, sold through domestic retail channels. Used by Vietnamese consumers as condiments and side dishes.

Quantifiable outcome

• Revenue of 12,030 billion VND expected in 2025, with 436 million USD in export turnover for 2020-2025 period
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Tetra Pak (Sweden)coreTechnology or Integration · 2 July 2025DOVECO partnered with Tetra Pak (Sweden) to inaugurate Vietnam's first Tetra Recart paper can production line for fruits and vegetables at the Son La facility on July 2, 2025. The 4 million USD line has capacity of 6,000 boxes/hour. Tetra Pak provides the technology for both Tetra Recart (for solid products) and Tetra Pak A3/Compact Flex aseptic packaging (for liquid products at 9,000 boxes/hour). This partnership enables DOVECO to offer environmentally friendly, recyclable packaging that extends shelf life without preservatives or refrigeration.
• Cooperative Network (20+ Cooperatives in Central Highlands)coreStrategic or Co-development PartnerDOVECO maintains strategic partnerships with over 20 agricultural cooperatives in the Central Highlands (Tay Nguyen) region for raw material supply. One cooperative alone supplied 40 billion VND worth of agricultural materials in a single year. These cooperatives operate under linked production contracts ensuring consistent supply of passion fruit, pineapple, and other tropical fruits for DOVECO's processing facilities.
• HTX Quynh Nghia (Son La)coreStrategic or Co-development PartnerCooperative HTX Quynh Nghia in Chieng Sung commune (Mai Son district, Son La) partners with DOVECO Son La for linked production of passion fruit, sweet corn, green soybean, and baby cucumber. The cooperative supplies approximately 700 tonnes of corn and 400 tonnes of vegetable soybeans per season, with guaranteed purchase at contract prices.
• Ha Tinh Provincial and District GovernmentscoreStrategic or Co-development PartnerDOVECO partners with Ha Tinh province and its districts (Cam Xuyen, Ky Anh, Vu Quang, Huong Khe) to develop pineapple raw material areas. Local government provides land lease support, infrastructure, and farmer mobilization. The partnership aims to develop 400+ hectares initially with plans to expand to 2,000-5,000 hectares, potentially including a new processing factory.
• Ninh Binh Provincial GovernmentcoreStrategic or Co-development PartnerNinh Binh province, as the original home of DOVECO, maintains ongoing partnership with the company. The provincial government facilitated DOVECO's expansion and continues to support the company's operations and anniversary celebrations. The province also connected DOVECO with Ha Tinh province for new raw material development.
• Demoted Group (International)minorStrategic or Co-development PartnerDOVECO is partnering with Demoted Group to propagate high-quality MD2 pineapple seedlings at Ninh Binh, Ha Tinh, and Central Highlands provinces, aiming to improve raw material quality for export markets.

Scale indicators12 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Lavifood Joint Stock Company: Vietnamese fruit and vegetable processor specializing in frozen, dried, and canned tropical fruit products for export markets. Operates processing facilities comparable to Doveco and shares the B2B food manufacturer customer base across Asia, EU, and US.
• SunOpta Inc. Global fruit and vegetable ingredient company producing frozen fruits, purees, and concentrates for food manufacturers. Closely comparable business model to Doveco's B2B ingredient operations including IQF fruit, juice concentrates, and fruit purees for international food and beverage customers.
• Nafoods Group JSC: Vietnamese fruit juice concentrate, puree, and dried fruit producer with similar tropical fruit processing operations and export focus. Both companies target international B2B food manufacturers and operate in overlapping product categories including passion fruit, pineapple, and banana derivatives.
• SVZ International B.V. European processor of purees, concentrates, and IQF fruits and vegetables supplying food and beverage manufacturers globally. Directly comparable to Doveco's fruit and vegetable ingredient operations, particularly puree and concentrate product lines.
• Citrosuco S.A. World's largest orange juice concentrate and not-from-concentrate producer based in Brazil. Comparable vertically integrated model from grove to processing to global export, supplying B2B beverage manufacturers across 100+ countries.
• Agrana Beteiligungs-AG: Austria-headquartered global fruit, starch, and sugar company with significant fruit preparations and juice concentrate operations. Directly comparable in producing fruit-based ingredients and purees for food manufacturers across Europe and globally.

Broad incumbents

• Dole plc: Global fresh and packaged fruit company with significant tropical fruit sourcing and processing operations in Asia and Latin America. Comparable as a broad incumbent offering overlapping tropical fruit products including juices, canned, and frozen.
• Symrise Diana Foods: Global manufacturer of natural ingredients for food, beverage, and pet food with significant fruit and vegetable processing operations. Overlaps with Doveco in supplying fruit purees, concentrates, and inclusions to international food manufacturers.
• Vinamilk (Vietnam Dairy Products JSC): Vietnam's largest food and beverage company and a publicly traded industry leader. While focused on dairy, it represents the broader Vietnamese food processing incumbent landscape that Doveco competes with for talent, capital, and retail shelf space.
• PAN Group JSC: Vietnamese agricultural and food conglomerate with diversified holdings including aquaculture, grains, and packaged foods. Comparable as a broad incumbent in Vietnam's agribusiness sector with overlapping distribution and export operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC4SOJo84ZoyJuw6hrectlzA
• Facebookfacebook.com/doveco.com.vn
• LinkedInlinkedin.com/in/%E6%B0%8F%E7%BA%A2%E5%B9%B8-%E5%90%B4-704912188/?fromQR=1&zarsrc=1303
• Instagraminstagram.com/dovecovietnam

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Doveco