Halong Canned Food Company Before the Incident of 120 Tons of Infected Pork: Nearly Trillion VND Revenue Annually, Once in Top 50 ASEAN Strong Enterprises 2024

Halong Canned Food Joint Stock Company (Halong Canfoco) has recently been prosecuted for bringing 120 tons of African swine fever infected pork into production. This incident threatens the reputation of a company that has been operating for over 67 years in the food industry. Previously, the company was recognized in the “Top 50 Strong ASEAN Enterprises 2024” list and recorded a net revenue of 471 billion VND in the first nine months of 2025, down 11% year-on-year, but gross profit increased significantly. The company is under pressure to relocate its factory due to planning from the Hai Phong City government and has just approved an investment for a new factory in Nam Dinh Vu Industrial Zone worth 166 billion VND. However, the prosecution may impact stock prices and the ability to raise capital for the project.