Hanoi (VNS/VNA) - Thailand's largest meat producer, Charoen Pokphand Foods Plc. (CPF), is accelerating preparations for an initial public offering (IPO) and major stock listing in Vietnam.
CPF CEO Prasit Boondoungprasert told media that the company would begin the IPO process as soon as it received approval from Vietnamese authorities.
“Vietnam will be our biggest growth driver for many years to come with its strong economic growth and large population. Listing in Vietnam will provide us with new sources of financing and also build our recognition in Vietnam,” Prasit said.
According to CPF statistics, Vietnam is the company's largest overseas market, with a value of about 122 billion THB (3.5 billion USD), accounting for a market share of about 21%. China ranks second with a contribution of about 6%.
CPF has been stepping up its investment in feed, farm and food facilities worldwide amid slowing growth and an ageing population in Thailand. The company is currently operating in 18 markets including the US, Brazil, Russia and China.
In 2024, the firm posted a profit of 19.6 billion THB (576 million USD), after reporting a net loss of 5.21 billion THB (153 million USD) a year earlier, helped by a recovery in its pork business in Vietnam and China.
൩ CPF expects total revenue to grow up to 8% in 2025 and also forecasts higher profits this year, thanks to improved earnings from overseas operations, especially in Vietnam and China./.
Speaking at the "Ignite Thailand: Invest in Endless Opportunities" event hosted by the Board of Investment (BOI) on March 12, Paetongtarn highlighted the government’s efforts to foster investor confidence, ensure resource and human capital readiness, and showcase Thailand as a secure and rewarding investment destination.
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This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
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On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
