BA HUAN CORPORATION

Ba Huan Corporation (Công Ty Cổ Phần Ba Huân) is one of Vietnam’s most established food manufacturing enterprises, well known nationwide for its role in modernizing the country’s egg and poultry value chain. Founded in 2006 and operating for more than 19 years, the company has grown from a domestic egg supplier into a vertically integrated producer with factories, distribution hubs, and wholesale branches across Ho Chi Minh City and Tay Ninh Province. Its operations span pasteurized egg production, poultry meat processing, prepared meals, animal feed, and extensive food and beverage distribution, placing it among Vietnam’s most diversified agrifood players.

In 2023, Ba Huan recorded USD 76.13 million in revenue, supported by a robust asset base of USD 95.79 million and working capital of USD 6.99 million.

Leadership and Governance Stability

Corporate leadership is anchored by Ms. Pham T. Huan, the long-serving Chairwoman and the figure most associated with the Ba Huan brand. Her executive team includes Mr. Tran V. Hung (General Director) and Mr. Pham T. Hung (Deputy General Director), both of whom maintain operational oversight across production, distribution, and regional management functions

Shareholding is distributed across three investors:

• Nguyen D. Anh – 49.1%

• Tran V. Hung – 31.55%

• Vital Investments Group Corporation – 19.35%

A Multi-Segment Agrifood Platform With Nationwide Reach

Ba Huan’s business model spans multiple interconnected verticals, enabling control over sourcing, processing, distribution, and retail. Its main activities include:

• Manufacture of pasteurized eggs and poultry meat

• Production of prepared meals and processed food items

• Wholesale of food, beverages, agricultural raw materials, and household goods

• Retail operations in specialized food and beverage stores

• Animal feed manufacturing

• Logistics, freight transport, warehousing, and rental services

Strong Sales Growth and a Return to Meaningful Profitability

Financial performance in 2023 highlights a renewed upward trajectory:

• Sales increased 37.85% YoY, rising to USD 76.13 million

• Profit surged to USD 1.58 million, rebounding dramatically from low prior-year levels

• Assets expanded 18.39%, reflecting continued investment in production and distribution capacity

• Owner’s equity grew 14.69%, reaching USD 44.89 million

Growing Liquidity and Capital Strength

Ba Huan reported USD 6.99 million in working capital for 2023, an increase of over 587% YoY, highlighting significantly improved liquidity conditions. Charter capital and paid-up capital remain at a strong USD 60.46 million, reinforcing the company’s financial stability and long-term investment capacity.

Together, these indicators reflect a company moving toward enhanced financial strength, greater operational scale, and improved cash flow management, important signals for lenders, suppliers, and potential partners.

Strategic Position in Vietnam’s Consumer Food Supply Chain

With its large workforce of nearly 1,000 employees, diversified production network, and rising market demand for safe, branded food products, Ba Huan Corporation occupies a key position in Vietnam’s rapidly modernizing food industry. Its combination of upstream manufacturing, downstream distribution, and nationwide retail presence makes it well-positioned to benefit from Vietnam’s expanding consumer market and ongoing shift toward higher-quality, traceable food supply chains.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) offers comprehensive intelligence and due-diligence solutions for stakeholders evaluating Ba Huan Corporation.
VNBIS services include:

• Company Credit Reports assessing financial stability and solvency

• Risk Management Analysis covering supply chain exposure and operational risks

• Business Verification and Shareholding Reviews

• Comprehensive Reports with credit limit recommendations and industry benchmarking

For deeper assessments, including updated financial statements and full risk profiling, clients are encouraged to obtain the VNBIS Company Comprehensive Report at www.vnbis.com.