Vietnamese noodle maker targets record revenue with new facility plans

Colusa - Miliket, the Vietnamese company famous for its "2 con tôm" (2 shrimp) instant noodle brand, has set an ambitious revenue target of 864 billion dong (approximately $34 million USD) for 2026. This figure represents a 6% increase from its 2025 performance and aims to be the highest revenue ever achieved by the company. Pre-tax profit is also expected to climb by nearly 12%. To achieve these goals, the company will focus on enhancing product quality, growing its export markets, and developing modern sales channels. A significant undertaking includes the planned relocation of its southern production facility, a move approved by shareholders and the board.

In 2025, Colusa - Miliket reported revenues of 813 billion dong and a pre-tax profit of 26 billion dong, meeting 94% and 90% of its targets, respectively. The company strategically reduced its focus on high-volume, low-margin products like "mì ký" (bulk noodles). Instead, it prioritized higher value-added items such as cup noodles, bowl noodles, premium noodle lines, and rice-based products. This shift contributed to a 7% year-on-year revenue growth and strengthened the Colusa - Miliket brand.

Exports remain a crucial growth driver, with export volume exceeding plans by 23%. The company secured new orders from the U.S. for its phở bowl products and expanded its presence in markets with stringent standards like Halal and Kosher. However, the company faces operational challenges. Much of its machinery is over 20 years old, leading to increased maintenance costs and potential disruptions. Existing factory and warehouse facilities are also deemed insufficient for future expansion needs.

To address these issues, Colusa - Miliket is considering a new factory investment estimated at 800-900 billion dong. This facility would have a design capacity of approximately 49,000 tons per year, producing noodles, phở, hủ tiếu, and seasonings. Additionally, the company plans to acquire a nearly 4-hectare plot of land in the Giang Dien Industrial Park (Dong Nai province) for an estimated 200 billion dong. This acquisition is seen as a way to expedite the project's implementation compared to starting from scratch. Colusa - Miliket was formed in 2004 from the merger of two long-standing instant noodle factories, Colusa and Miliket, and was privatized in 2006.