AN ĐIỀN AGRICULTURAL JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN NÔNG NGHIỆP AN ĐIỀN): Rapid Asset Growth in Vietnam’s Grain Trade Market

USD 438M in Sales – Minimal Profit – Rising Role in National Food Supply Chain

AN ĐIỀN AGRICULTURAL JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN NÔNG NGHIỆP AN ĐIỀN) is a young but fast-scaling enterprise in Vietnam’s essential grain and cereal trading industry. Officially registered on March 24, 2020, under Business ID and Tax Code 1402140111, the company is headquartered at Land Plot No. 1309, Thoi Hoa 1 Area, Thoi Thuan Ward, Thot Not District, Can Tho City—a strategic location within the Mekong Delta, Vietnam’s agricultural heartland.

Structured as a joint stock company, AN ĐIỀN operates with a registered and fully paid-up charter capital of approximately USD 1.23 million. The company is led by Ms. Lai Thi Gam, who serves as Director, and is backed by three Vietnamese shareholders, each with a significant ownership stake.

A Young Player in Vietnam’s Essential Food Industry

Vietnam’s agriculture sector, particularly rice and grain trading, is both a cultural foundation and economic engine, supplying both domestic markets and international exports. Within this vital landscape, AN ĐIỀN AGRICULTURAL JOINT STOCK COMPANY has quickly positioned itself as a rising operator in the wholesale of rice, wheat, other cereals, and wheat flour.

Despite being just five years old, the company has reported an impressive revenue of USD 438.89 million in 2023, growing steadily from USD 178 million in 2021. This nearly 2.5-fold increase in sales over three years demonstrates strong market integration and supply chain efficiency.

However, profit margins tell a more cautious story. Net profit in 2023 was only USD 3,788, down a sharp 81.56% from the previous year, highlighting the thin margins and high operating costs common in bulk grain trading. Even with consistent revenue gains, owner’s equity remained flat at USD 1.29 million, reflecting limited retained earnings or reinvestment capacity.

Asset Expansion Reflects Ambition

What’s particularly notable about AN ĐIỀN AGRICULTURAL JOINT STOCK COMPANY is the rapid accumulation of assets—from USD 94.3 million in 2021 to USD 229 million by 2023, a 143% increase in just two years. This asset build-up suggests aggressive growth strategies, potentially involving storage infrastructure, logistics networks, or volume-based procurement systems that support its wholesale business.

Working capital remains positive at USD 1.29 million, giving the company enough liquidity to continue operations without major short-term stress, though the balance remains modest given the scale of its sales.

Strategic Outlook and Risk Awareness

As Vietnam deepens its role as a global rice exporter, companies like AN ĐIỀN AGRICULTURAL JOINT STOCK COMPANY play a crucial role in meeting both domestic demand and international trade agreements. Its strong sales suggest effective sourcing and customer networks, but its declining profitability and stagnant equity highlight the risks of high-turnover, low-margin operations in this sector.

For commercial partners, logistics providers, or financial institutions looking to engage with AN ĐIỀN, verification of financial health, legal standing, and creditworthiness is strongly advised. Platforms such as Vanguard Business Information (VBI) offer tailored risk reports, business verification services, and performance analytics that help businesses navigate uncertain profitability in high-volume sectors like agriculture.

In conclusion, AN ĐIỀN AGRICULTURAL JOINT STOCK COMPANY exemplifies a new generation of Vietnamese agribusinesses—fast-growing, asset-heavy, and strategically placed in key production zones. While its top-line expansion is impressive, it must confront margin pressure and capital inefficiency to sustain long-term competitiveness.