You’ve probably heard of ADM — short for Archer Daniels Midland, one of the biggest agricultural commodities players on the planet. But what about its operations in Vietnam?

Enter ARCHER DANIELS MIDLAND VIETNAM COMPANY LIMITED (CÔNG TY TNHH ARCHER DANIELS MIDLAND VIỆT NAM), a 100% foreign-owned subsidiary of ADM Singapore Pte. Ltd.Established in 2016 under Business ID and Tax Code 0313654924, this FDI-backed operation sits on the 7th floor of the sleek Saigon Centre Building in District 1, Ho Chi Minh City.

So what does ADM Vietnam actually do? It supplies agricultural products—mainly for the feed and flour milling industry—and has become a key component of ADM’s regional supply chain. With just 30 employees, it’s lean, specialized, and export-oriented.

But here’s where it gets interesting. In 2023, ADM VIETNAM posted USD 383.2 million in sales—a 45% jump from the year before. Total assets also rose to USD 104.29 million, up more than 38%. So far, so good.

Yet profits told a different story.

Net profit shrank by 45.4%, landing at just USD 767,219—down from USD 1.4 million in 2022. It’s a cautionary tale: bigger top-line growth doesn't always translate to stronger bottom-line performance. Costs may be rising, or margins tightening. Either way, for anyone eyeing the Vietnamese market, it’s a reminder that volume doesn’t equal value.

So, is this a red flag? Not necessarily. But it is the kind of signal smart investors look for when running a Business Verification Service or a Risk Management Service with experts like VANGUARD BUSINESS INFORMATION LLC (VBI). A dip in profitability amid soaring revenue can reveal deeper strategic shifts—or inefficiencies.

ADM Vietnam’s modest equity base of USD 5.14 million, paired with growing operational scale, may also hint at capital limitations or the need for reinvestment. The leadership team—headed by General Director Mr. BRANDHORST LEONARD JACOBUS, a Dutch national—clearly knows how to grow, but sustaining that growth profitably is the real challenge.

Bottom line? ARCHER DANIELS MIDLAND VIETNAM COMPANY LIMITED is an important player in Vietnam’s agricultural landscape, but a deeper Company Litigation Check or Vietnam Business Information reportcan reveal if the business is merely scaling—or truly thriving.