Coffee, non-alcoholic beverages generate 83 mln in 2024 net revenue for Vietnam instant coffee major
Vinacafé Bien Hoa, Vietnam's leading instant coffee maker, earned VND16 (0.06 U.S. cents) in gross profit for every VND100 ($0.4) of net revenue from coffee and non-alcoholic beverage sales, down 2% year-on-year.

Products of Vinacafé Bien Hoa JSC. Photo courtesy of the company.
Vinacafé Bien Hoa JSC, listed on the Ho Chi Minh Stock Exchange as VCF, reaped a net revenue of nearly VND889 billion ($35.2 million) in Q4/2024, an increase of almost 10% from the same period in 2023.
Its gross profit margin during this period was 21.6%. Higher revenue and effective cost management boosted pre-tax net profit by 17% to over VND159 billion ($6.3 million) for the quarter.
For the whole 2024, Vinacafé Bien Hoa's net revenue rose 8.6% year-over-year to VND2,556 billion ($101.1 million). However, the cost of goods sold and service provision increased nearly 12%, limiting after-tax profit to VND446.4 billion ($17.7 million).
While the company exceeded its net revenue target by VND56 billion ($2.26 million), it only achieved 95% of its after-tax profit goal under its low-scenario plan.
The coffee and non-alcoholic beverage segment accounted for nearly 85% of the company's total net revenue in 2024, generating more than VND2,100 billion ($83 million).
The gross profit margin for this segment was nearly 16%, translating to VND16 (0.06 U.S. cents) in gross profit for every VND100 (0.4 U.S. cents) in revenue - a 2% decrease from 2023.
By the end of 2024, Vinacafé Bien Hoa had 230 employees, six fewer than at the start of the year.
Headquartered in the Bien Hoa 1 Industrial Park in the southern province of Dong Nai, Vinacafé Bien Hoa is a well-known brand recognized not only for its long-standing products but also for its generous dividend policy.
In 2018, the company paid a record dividend of 660% and has since maintained a steady rate of 240-250%. In 2023, it declared a dividend of 250%, equivalent to VND25,000 ($0.99) per share.
With nearly 99% ownership, parent company Masan Beverage received over VND656 billion ($26 million) in dividends from Vinacafé Bien Hoa in 2023.
Over the past year, Vinacafé Bien Hoa increased sales to Masan Consumer Goods JSC, a subsidiary of Masan Beverage, with total transaction value exceeding VND2,210 billion ($87.47 million).
Vinacafé Bien Hoa traced its roots to the Coronel Coffee Factory, established in 1968 by French national Marcel Coronel in Bien Hoa. Initially designed to produce 80 tons of instant coffee annually, the factory operated with German-imported equipment.
Following the country’s reunification, Coronel returned to France, handing over the factory. After decades of growth, the company was equitized in 2004 and listed its VCF shares on HoSE in 2011. That same year, Masan Consumer became the parent company through a public share purchase.
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