• How many cooking oil companies are there in Vietnam?
  • There are currently about 40 cooking oil companies in Vietnam, however, most of the market share is held by 3 major companies including Calofic, which accounts for nearly 40% of the market share; Tuong An with 20% of market share and Kido – Nha Be with 11%.
  • Is Tuong an a leading company in Vietnam’s cooking oil market?
  • After more than 40 years of establishment and development, Tuong An has been constantly growing and creating a solid position in the market. The company is considered as one of the leading companies in Vietnam¡¯s cooking oil market. Currently, Tuong An has 02 vegetable oil refineries with modern equipment and advanced technology.
  • How is the cooking oil market segmented in Vietnam?
  • The market is also segmented on the basis of use, consisting of four categories: cooking oil for frying and saut¨¦ing, specialized salad oil for mixing vegetables, nutritional oil to supplement essential vitamins and solid oil for baking. However, in Vietnam, the segmentation of the cooking oil market based on the functions of oil is not clear.
  • Why does Vietnamese cooking oil market have a weak purchasing power?
  • Moreover, consumers still do not fully understand the difference among types of vegetable oils, which leads to weak purchasing power for nutritious, salad and solid oils such as canola oil, olive oil and gac oil. The Vietnamese cooking oil market is witnessing a fierce competition due to the arrival of foreign cooking oil brands.
  • What is cooking oil based on?
  • In addition, cooking oil is also classified based on ingredients such as soybean oil, sesame oil, peanut oil or palm oil. The environment and climate in Vietnam are not suitable for growing palm trees. Domestic raw materials for Vietnamese enterprises are mainly sesame, peanuts and rice bran.
  • When did Tuong an oil factory become a company?
  • The company was formerly known as a State-owned Industrial Enterprise, established in 1977 under the Southern Vegetable Oil Company. In July 1984, Tuong An Oil Factory became a member unit of Vietnam Union of Vegetable Oil Enterprises. On June 4, 2004 Tuong An Oil Factory was transformed into Tuong An Vegetable Oil Joint Stock Company.