Company Profile

BAO LAM AGRICULTURE JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN NÔNG NGHIỆP BẢO LÂM), with Business ID 0109451113, is a fast-expanding player in Vietnam’s agri-commodity trade, specializing in the wholesale of rice, wheat, cereals, and wheat flour. Officially established on December 15, 2020, the company is headquartered at the 5th Floor, Diamond Flower Building, 48 Le Van Luong Street, Thanh Xuan District, Hanoi.

Leadership and Ownership

The company is managed by Ms. Le Thi Hoa, who also holds an 80% ownership stake. Two other Vietnamese shareholders—Ms. Bui Thi Thuy and Ms. Nguyen Thi Hoa—each own 10%. This tightly held structure allows for decisive leadership, though it also concentrates financial risk.

Financial Performance Highlights (FY 2023)

• Total Assets: USD 141.89 million (▲ 33.27% YoY)

• Revenue: USD 292.16 million (▲ 17.17% YoY)

• Net Profit: USD 42,477 (▼ 10.02% YoY)

• Equity: USD 4.21 million (▲ 1.02% YoY)

• Working Capital: USD 4.21 million

The company continued its rapid expansion in 2023, growing assets and sales at double-digit rates. However, its net profit decreased by 10.02%, highlighting pressure on margins, possibly from rising logistics, input, or financing costs.

Operating Model and Registered Activities

While the core business is the wholesale of grains, the company also holds licenses for:

• Growing crops (rice, maize, coffee, tea, pepper, and sugarcane)

• Raising livestock (buffaloes, cows, horses, donkeys)

• Agricultural services such as seedling propagation

This vertical integration positions BAO LAM AGRICULTURE JOINT STOCK COMPANY to manage its supply chain from farm to market—but such diversification can also strain management and capital when scale increases rapidly.

Strategic Challenges

Despite a USD 292 million revenue line, the company’s equity stands at just USD 4.21 million, and net profit is minimal. These numbers suggest BAO LAM is running a high-volume, low-margin model, with limited retained earnings and modest capital buffers. It has grown fast, but profitability has not kept pace—a critical consideration for partners evaluating long-term stability.

Risk Assessment and Verification

Given its aggressive asset growth and tight equity-to-revenue ratio, BAO LAM AGRICULTURE JOINT STOCK COMPANY should be closely monitored by creditors and suppliers. For those engaging in trade credit or long-term contracts, due diligence is essential. VANGUARD BUSINESS INFORMATION LLC (VBI) provides verified financial intelligence and risk assessments to help stakeholders understand whether this company’s rapid expansion is sustainable or overly leveraged.

Conclusion

BAO LAM AGRICULTURE JOINT STOCK COMPANY represents the ambitious face of Vietnam’s agricultural export sector—bold in growth, but operating on thin margins and limited capital strength. It remains an active, strategically positioned trader, but not without risks.