In the heart of Hanoi, AGRICULTURAL PRODUCTS AND MATERIALS JOINT STOCK COMPANY(Vietnamese: CÔNG TY CỔ PHẦN VẬT TƯ NÔNG SẢN, short name: APROMACO) is a well-known name in Vietnam’s fertilizer and agro-supply industry. With nearly two decades of operation and a nationwide footprint, the company has built a reputation for distributing essential inputs to Vietnam’s vast agricultural sector.

However, behind the familiar brand is a financial picture that commands attention. Despite generating USD 161 million in sales in 2023—a stunning 35.93% surge from the previous year—APROMACO suffered a shocking loss of USD 7.1 million, plunging from positive territory to its worst performance in years. Even more concerning: total assets shrank by 31.78%, and working capital turned negative, sitting at USD -1.49 million.

Under the leadership of Mr. Nguyen T. D., who serves as both Chairman and General Director, the company maintains a strong distribution and manufacturing presence. Yet as margins collapse in the face of rising costs and perhaps poor cost control, investors and suppliers must ask: Can APROMACO turn volume into value?

In times like these, VANGUARD BUSINESS INFORMATION LLC (VBI) becomes an essential partner. Through tools like credit risk monitoring, shareholder analysis, and debt exposure tracking, VBI equips stakeholders with the insights needed to navigate partnerships with vulnerable—but vital—players like APROMACO.

It’s a tale of two fields: robust revenue growth on one side, and financial erosion on the other. Whether APROMACO will cultivate a comeback—or continue to deplete its soil—remains a question worth watching.