BACONCO CO.,LTD

BACONCO CO., LTD (Local name: Công Ty TNHH BACONCO) is a foreign-invested enterprise specializing in the manufacture of fertilizers and nitrogen compounds. Established on April 27, 1995, the company is legally registered with the Ba Ria - Vung Tau Department of Planning and Investment under Business ID 3500101065.

The company’s head office and factory are located in Phu My I Industrial Park, Phu My Ward, Phu My City, Ba Ria - Vung Tau Province — a strategic location that places it near deep-water ports and Vietnam’s main agricultural supply chains. With more than three decades of operations, BACONCO has become a major player in the fertilizer and agrochemical industry.

Experienced Leadership and International Ownership

BACONCO CO., LTD is led by Sigmund Stromme as Chairman and Siquet P. L. B. as General Director. Ho N. C.serves as Financial Director. The leadership combines extensive international experience with strong local management capabilities, enabling the company to maintain high production standards and operational efficiency.

BACONCO is 100% owned by PM Thoresen Asia Holdings Public Company Limited (Thailand), giving it strong financial backing and access to international best practices in fertilizer manufacturing and distribution.

Robust Financial Performance

BACONCO has maintained steady growth and solid financial health. As of 2024, total assets stood at approximately USD 68.25 million, equity at USD 42.89 million, and working capital at USD 24.29 million. Total revenue reached USD 112.47 million, reflecting a 6.02% year-on-year increase, while profit rose sharply to USD 5.05 million, more than doubling compared to the previous year.

This strong performance underscores the company’s competitive position in Vietnam’s fertilizer sector and its ability to navigate global market fluctuations effectively.

Core Business Activities

BACONCO’s main business lines include the manufacturing and trading of fertilizers and other agrochemical products. In addition to its core operations, the company is also engaged in:

• Management of factory areas and warehousing

• Wholesale of agricultural machinery, equipment, and supplies

• Manufacture of pesticides and other agrochemicals

• Manufacture of plastic products

• Real estate trading and property management

This diversified business structure enhances its operational flexibility and positions BACONCO as an integrated agricultural solutions provider.

Strategic Network and Nationwide Reach

The company operates a representative office in Ho Chi Minh City (Cobi Tower I, District 7) and a branch in Hai Phong City. This nationwide network allows BACONCO to efficiently serve clients across Vietnam and maintain strong distribution channels for both domestic and export markets.

Workforce and Operational Strength

With more than 500 employees, BACONCO combines skilled local labor with modern production technology. Its strategic location in Ba Ria - Vung Tau — one of Vietnam’s key industrial and logistics hubs — gives it a competitive advantage in sourcing raw materials, exporting products, and distributing fertilizers to agricultural regions.

Market Position and Strategic Outlook

BACONCO CO., LTD is one of Vietnam’s most reputable fertilizer manufacturers. Its long-standing presence, strong financial base, and international ownership allow it to compete effectively in both domestic and regional markets. As agricultural modernization in Vietnam accelerates, BACONCO is well positioned to capitalize on growing demand for high-quality fertilizers and related agrochemical products.

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By offering transparent and verified business intelligence, VNBIS helps organizations evaluate the financial stability, operational capacity, and creditworthiness of companies like BACONCO CO., LTD, ensuring safer and more strategic partnerships in the fertilizer industry.

✅ Key SEO Takeaways:

• BACONCO CO., LTD is a leading fertilizer and agrochemical manufacturer in Vietnam.

• Established in 1995, headquartered in Ba Ria - Vung Tau.

• Chairman: Sigmund Stromme | General Director: Siquet P. L. B.

• 2024 revenue: USD 112.47 million; profit: USD 5.05 million; assets: USD 68.25 million.

• 100% owned by PM Thoresen Asia Holdings (Thailand).

• VNBIS provides risk management and due diligence services to support safer investments and trade.