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.
- Read More
Hanoi terminates Vinaxuki auto plant project, repurposes land for commercial complex
A long-stalled automotive manufacturing project by Xuan Kien Auto JSC (Vinaxuki) has been officially terminated by Hanoi authorities, and the reclaimed land in Phuc Thinh commune will be repurposed for a new commercial and service complex.
Industries - Tue, September 16, 2025 | 2:44 pm GMT+7
Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout
Authorities in the central province of Quang Tri are evaluating a proposal from Power Generation JSC 1 (EVNGENCO 1), a subsidiary of state utility Vietnam Electricity (EVN), to take over the Quang Tri thermal power plant project, following the withdrawal of Thai investor EGATi.
Energy - Tue, September 16, 2025 | 1:44 pm GMT+7
Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers
Amata VN, the Vietnam arm of Thailand’s leading industrial park developer Amata, has approved a plan for its subsidiary Amata City Long Thanh Urban JSC (ACLT) to sell its remaining 51% stakes in two entities to local developer Novaland-linked buyers.
Real Estate - Tue, September 16, 2025 | 12:19 pm GMT+7
Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister
Vietnam has fulfilled the criteria for a stock market status upgrade by FTSE Russell through reforms aimed at facilitating foreign investment inflows into its market, said Minister of Finance Nguyen Van Thang.
Economy - Tue, September 16, 2025 | 9:36 am GMT+7
Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry
The Ministry of Finance is proposing a key reform that would allow commercial banks to invest in and distribute mutual fund certificates, as part of a broader plan to restructure the investor base and foster the development of Vietnam’s fund management industry.
Finance - Tue, September 16, 2025 | 8:00 am GMT+7
E-commerce boom a major driver of Vietnam's packaging paper industry growth
Vietnam's paper packaging industry is entering a period of strong growth, with an average annual growth rate forecasted at 10% until 2030.
Companies - Mon, September 15, 2025 | 10:20 pm GMT+7
Vietnam needs support from UK in developing international financial center: Deputy PM
Permanent Deputy Prime Minister Nguyen Hoa Binh has called on the UK and the City of London to continue supporting and accompanying Vietnam in promoting and introducing its international financial center (IFC).
Finance - Mon, September 15, 2025 | 10:12 pm GMT+7
Vietnam enforces 8% capital adequacy ratio for banks from Sept 15
Commercial banks and foreign bank branches in Vietnam must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital, starting from September 15.
Banking - Mon, September 15, 2025 | 10:04 pm GMT+7
Tool for wood traceability management debuts in Vietnam
The Vn-WoodID application has been officially launched in Vietnam, becoming a key tool contributing to wood traceability.
Companies - Mon, September 15, 2025 | 10:00 pm GMT+7
Sun Group, US Embassy foster aviation-hospitality cooperation
Sun Group, in collaboration with the US Embassy in Vietnam, hosted the US – Vietnam Aviation Partnership Roundtable on September 12, bringing together 15 leading American corporations in aviation, technology, and financial services, opening up opportunities to position Phu Quoc as a new aviation and tourism hub in the region.
Companies - Mon, September 15, 2025 | 9:54 pm GMT+7
Vietnam tops Thai giant SCG’s overseas markets with 9% revenue contribution in H1
Vietnam remained the largest overseas market for Thailand’s Siam Cement Group (SCG) in the first half of 2025, contributing 9% of consolidated sales.
Companies - Mon, September 15, 2025 | 8:10 pm GMT+7
Central Vietnam to have new airport Mang Den
Procedures to adjust Vietnam's airport system planning, including the addition of Mang Den Airport in central Vietnam, are being proceeded, according to the Ministry of Construction.
Infrastructure - Mon, September 15, 2025 | 5:16 pm GMT+7
Vietnam's government seeks to position country as 'regulated hub for digital assets in Asia': Dragon Capital
The Vietnamese Government has advanced the regulation of digital assets, with a resolution launching a five-year pilot framework for issuance and trading. This framework signals the Government’s intent to position the country as a regulated hub for digital assets in Asia, which could attract new capital inflows, write Dragon Capital analysts.
Economy - Mon, September 15, 2025 | 2:20 pm GMT+7
Agribank introduces sizable $4.17 bln preferential credit package
Right from the beginning of 2025, Agribank launched a substantial preferential credit package worth VND110 trillion ($4.17 billion) to support individual customers.
Companies - Mon, September 15, 2025 | 1:32 pm GMT+7
'Precious space' in Vietnam's monetary policy
The Federal Reserve's continued cuts in 2025, with the most recent in September, are considered a valuable policy "space" for the State Bank of Vietnam (SBV) to maintain low interest rates to support growth without having to worry too much about exchange rates.
Economy - Mon, September 15, 2025 | 10:15 am GMT+7
Vietnam’s central bank sells $1.5 bln to stabilize currency: broker MBS
The State Bank of Vietnam (SBV) intervened in the foreign exchange market by selling approximately $1.5 billion via 180-day cancelable forward contracts from August 25-26, in an effort to ease pressure on the Vietnamese dong, according to a recent report by MB Securities (MBS).
Banking - Mon, September 15, 2025 | 8:04 am GMT+7