According to the consolidated financial statements of Ha Long Canned Food, consolidated pre-tax profit in the fourth quarter of 2025, the company lost 9.435 billion VND, which is a decrease of 17.65 billion VND, equivalent to a decrease of 215% compared to the same period in 2024. The main reason is that in the fourth quarter of 2025, net revenue from sales and service provision was 192.322 billion VND (up 14%) while the cost of goods sold increased by 47% (168.619 billion VND), selling expenses were 23.424 billion VND (down 6%) and business administration expenses were 9.467 billion VND (up 34%).
Previously, on September 8, 2025, the Economic Police Department of Hai Phong City Police discovered 2 cars with acts of transporting and trading 1,274.5 kg of slaughtered pork, with a rancid smell and unknown origin.
Test results showed that the pork samples seized on the two cars mentioned above as well as the pork samples stored in the cold storages of Ha Long Canned Food Joint Stock Company all tested positive for African swine fever virus.
Conducting an emergency search of the headquarters and warehouses of Ha Long Canned Food Joint Stock Company, functional forces sealed 4 warehouses with a total volume of about 130 tons of frozen pork. Immediately after the incident was discovered, all infected pork was sealed and organized for destruction in accordance with regulations.
On September 12, 2025, the Investigation Police Agency of Hai Phong City Police issued a Decision to prosecute the case "Violating regulations on food safety"; on January 13, 2026, a Decision to additionally prosecute the Decision to prosecute the case "Lack of responsibility causing serious consequences". To date, the investigating agency has prosecuted 13 defendants. The case is continuing to be investigated and expanded to clarify the roles of related subjects.
Ha Long - Halong Canfoco Joint Stock Company temporarily suspended the operation of its factory in Hai Phong from January 12, 2026 because the ISO management certification system was revoked according to the decision dated January 10, 2026 and the FSSC 22000 version 6 food safety certification was suspended. The revocation and suspension of these certifications leads to the fact that products produced in the current period do not fully meet the conditions for quality certification according to regulations, and do not meet the conditions for circulation in the market.
The company expects a maximum suspension period of 14 days to implement remedial measures. However, after reviewing and assessing the situation, remediation takes a lot of time and depends on many subjective and objective conditions, leading to prolonged production suspension. By January 22, the enterprise could not determine when to continue production and business activities.
