On March 27, 2025, the Annual General Meeting of Shareholders (AGM) of Western Food Processing and Export Joint Stock Company (Westfood) was successfully held in Hanoi. The meeting approved various reports and proposals, notably the 2024 business performance report and the 2025 business plan, the 2024 audited financial statements, along with other matters within the AGM’s authority.
According to the report presented at the AGM, Westfood recorded net revenue of VND 412.82 billion in 2024, reaching 146.32% of the 2023 figure. Driven by the strategy to develop business operations, Westfood’s Board of Directors (BOD), in close coordination with the management team, achieved remarkable results, with after-tax profit increasing by 533.76% compared to 2023.
Westfood Successfully Holds 2025 Annual General Meeting of Shareholders
In the 2024 operations report, it was noted that the BOD directly oversaw and supervised the Executive Board and managers in production and business activities, capital mobilization, and the maintenance and gradual improvement of service and product quality. With existing advantages in raw material zones and infrastructure, Westfood is undergoing a strong transformation with significant progress. Moreover, with major investments in the construction of an agricultural processing plant in Hau Giang province and a clear production and business strategy, the company is on a growth trajectory aligned with its full potential, aiming to become one of Vietnam’s leading processed fruit import-export companies.
Speaking about the 2025 business plan, Ms. Nguyen Thi Minh Nguyet – Chairwoman of the Board cum General Director of Westfood – stated that despite ongoing structural and production challenges in both domestic and global economies, rising input and material costs, and market disruptions due to the Russia-Ukraine conflict, Westfood is determined to build a solid foundation. The company aims to become a global ambassador for Vietnam’s tropical fruits, progressively affirming its position in the international market, especially in high-demand markets like the U.S., Japan, the EU, and South Korea.
At the AGM, Ms. Nguyet also shared one of the company’s greatest pride points – the Westfood Hau Giang plant. Built on a 7-hectare site with a total investment of over VND 666 billion and a capacity of 120 tons of finished products per day, the plant is expected to begin operations in Q2/2025. Upon completion, the Hau Giang facility will be one of the largest agricultural processing plants in the Mekong Delta. It will produce various new high-quality product lines alongside Westfood’s existing ones, boosting the development of raw material areas—not only the MD2 pineapple but also other agricultural products. Furthermore, the project emphasizes the strong link between Westfood and local farmers, helping the company ensure a stable supply of quality raw materials, secure output and prices for farmers, and generate thousands of jobs for local laborers.
Ms. Nguyen Thi Minh Nguyet – Chairwoman cum General Director of Westfood speaks at the AGM
With a strategic goal of becoming a leading company in fruit processing and export, actively sourcing raw materials for production, and representing Vietnam’s agricultural brand internationally, Westfood has outlined its 2025 plan, building on the achievements of 2024 and its recent organizational restructuring. Key directions and targets for 2025 include: focusing on core products such as mango, MD2 pineapple, TFC, and canned lotus seeds; expanding into new markets and customer bases, especially large-scale clients to increase revenue; enhancing production quality at the plant to meet increasingly stringent market and customer quality standards; continuing technological and process innovation; and putting the Hau Giang plant into operation with modern equipment to improve productivity and drive a 41% increase in revenue compared to 2024.
Based on these strategies, the AGM approved the 2025 plan, setting a target net revenue of VND 582.55 billion, up 41% from 2024, and a pre-tax profit target of VND 36 billion.
