ABC VIETNAM JOINT STOCK COMPANY

ABC VIETNAM JOINT STOCK COMPANY (Vietnamese: CÔNG TY CỔ PHẦN ABC VIỆT NAM) has long been recognized as a mid-sized manufacturer and trader of animal feed, catering to Vietnam’s growing agricultural sector. Founded in 2006, with headquarters at Kha Duy Hamlet, Doan Dao Commune, Phu Cu District, Hung Yen Province, and tax code 0900254448, the company appeared stable and diversified on the surface. However, its recent financial decline tells a more alarming story.

In 2024, ABC Vietnam recorded sales of USD 140.56 million, a steep 23.63% drop from the previous year. This follows a continuing downward trend from its 2022 peak of over USD 227 million. Even more concerning, the company reported a net loss of USD 1.46 million, a sharp decline after a minor profit in 2022 and a modest loss in 2023. Three-year profit contraction exceeded 374%, suggesting systemic issues in either cost control, pricing, or demand across its core business segments.

Despite a slight rebound in assets to USD 32.28 million, owner’s equity fell to USD 9.64 million, representing a 13.13% year-on-year decline. Liquidity remains thin, with working capital at USD 3.62 million, which may not be sufficient to absorb shocks from price fluctuations in raw material imports or logistics costs—both critical for feed manufacturers.

ABC Vietnam is led by Ms. NGUYEN THI DIU, who also owns a 35% stake, with additional major shareholders including Mr. PHAM VAN TIEP (35%) and Mr. NGUYEN NHU SON (30%). The leadership structure reflects concentrated ownership, which may enable fast decision-making but also raises concerns about governance transparency, especially during downturns.

The company’s business scope extends beyond feed production into meat processing, retail food trading, pharmaceuticals, and plastics manufacturing; however, financial data indicate that diversification has not yet translated into resilience. The core feed manufacturing line, which should benefit from Vietnam’s strong livestock sector, is struggling to sustain margins amid input cost volatility.

Given the company’s current financial stress, this is a critical time for banks, investors, and partners to reassess their credit exposure and partnership risks. To support such assessments, VANGUARD BUSINESS INFORMATION LLC (VBI) provides in-depth Company Reports, Credit Risk Evaluations, and Due Diligence Services tailored to companies like ABC Vietnam. These services can help detect red flags early, such as deteriorating profitability, equity erosion, or management concentration, before they impact lending portfolios or supply chain stability.

For anyone transacting with or extending credit to ABC VIETNAM JOINT STOCK COMPANY, engaging VBI's risk intelligence solutions is strongly recommended. As financial instability continues across segments of Vietnam’s agri-feed industry, robust due diligence isn't optional—it's essential.