Vietnam’s Vissan JSC has announced plans to build a modern slaughtering and food‑processing facility in Tay Ninh province, with relocation from Ho Chi Minh City targeted for 2029.
According to a report by The Investor, the project represents one of the company’s largest investments to date and underscores its push to modernize operations and expand capacity.
Major investment signals modernization
The new plant will require nearly USD 59.89 million (USD 1: VND 26,000) in funding. Construction costs are projected at USD 33.9 million, while equipment will account for USD 16.03 million. Interest during construction is estimated at USD 5.11 million. Vissan intends to finance the project with 30% equity and 70% borrowing, reflecting confidence in long‑term growth despite current market challenges.
The facility will cover 224,000 sqm in Thanh Loi commune, Tay Ninh. It is designed to integrate slaughtering and processing lines, replacing outdated technology that has been in use since before 1975.
Expanding slaughtering and food lines
At the heart of the project is a new pig slaughtering line capable of handling 240 animals per hour. This line alone will cost about USD 5.58 million. Vissan will also relocate its buffalo and cattle line, which can process 30 animals per hour, from its existing site.
The plant will feature several specialized units. A sterilized sausage plant will have an annual capacity of 20,800 tons, making it the largest among the new facilities. Additional units will include a processed food plant with 5600 tons per year, a cold‑cut plant with 3400 tons per year, and a canned food plant with 2650 tons per year. Together, these facilities are expected to strengthen Vissan’s competitiveness in Vietnam’s meat sector.
Relocation tied to city policy
The move to Tay Ninh aligns with Ho Chi Minh City’s policy of relocating industrial facilities away from central areas. For Vissan, the relocation is not only a compliance measure but also an opportunity to modernize production and improve food safety standards. The company has acknowledged that its current slaughtering technology is outdated and no longer meets modern requirements.
Vissan’s shareholder structure provides strong backing for the project. Saigon Trading Corporation (SATRA) holds 67.77% of shares, while Masan MeatLife JSC owns 24.94%. South Korea’s CJ Group holds 3%. This mix of domestic and international stakeholders reflects confidence in Vissan’s ability to execute its ambitious relocation plan.
Market challenges remain
Despite the bold investment, Vissan continues to face market headwinds. In the first half of 2026, the company reported revenue of USD 53.81 million, slightly down from the previous year. Net profit, however, rose to USD 1.44 million from USD 1.29 million.
For full‑year 2025, revenue fell 6.9% to USD 112.32 million. Net profit also declined to USD 3.16 million. Weak consumer demand and slow recovery in purchasing power have weighed on performance, while rising input costs linked to African swine fever have added pressure. Competition in processed foods has intensified, with rivals offering aggressive promotions and discounts.
Positioning for long-term growth
Vissan views the Tay Ninh project as a strategic investment address current challenges. By modernizing facilities and expanding production, the company aims to enhance food safety, improve traceability, and secure long‑term growth. The relocation is expected to position Vissan more strongly in the domestic market, even as consumer demand remains uncertain.
The project highlights the company’s determination to adapt to changing market conditions and regulatory requirements. With completion targeted for 2029, Vissan is betting that modernization and scale will provide the edge needed to sustain profitability in a competitive environment.