BINH DINH FOOD JOINT STOCK COMPANY

BINH DINH FOOD JOINT STOCK COMPANY (Vietnamese: CÔNG TY CỔ PHẦN LƯƠNG THỰC BÌNH ĐỊNH, abbreviated as BIDIFOOD) is a publicly listed agri-food enterprise operating in Vietnam's rice and cereal processing and trading sector. The company is headquartered at No. 557+559, Tran Hung Dao Street, Quy Nhon Ward, Gia Lai Province, Vietnam, and is registered under Business ID 4100259042. Incorporated on 04 January 2008, the company has accumulated over 18 years of experience in the processing and wholesale distribution of rice, starch, and other agricultural food products. Its shares are listed on the UPCoM exchange under the ticker symbol BLT.

The core business of the company revolves around processing and trading rice, starch, and agricultural products, serving both domestic wholesale buyers and commodity supply chains across Vietnam. Beyond its primary milling and processing activities, the company is also engaged in a range of complementary operations including wholesale of wheat and other cereals, warehousing and storage services, wholesale of agricultural raw materials, and milling and manufacture of meal. To support its operations, the company maintains two branch locations in An Giang Province, a key rice-producing region in the Mekong Delta, reflecting a geographically extended sourcing and distribution footprint.

The company is chaired by Mr. Tran A. V., with day-to-day operations led by General Director Mr. Pham V. N., supported by Deputy General Director Ms. Vo H. Y. The company employs around 90 people, making it a relatively lean operation given its sizeable revenue base. With a charter capital of approximately USD 1.64 million, the company is publicly held, with Vietnam Southern Food Corporation – Joint Stock Company holding a controlling 51% stake, and the remaining 49% distributed among other shareholders.

Financially, 2024 was a challenging year for BIDIFOOD across nearly all key indicators. Total assets contracted sharply to USD 4.08 million, down nearly 29% from the prior year, while owner's equity fell to USD 3.06 million, a decline of 32.5%. Revenue retreated to USD 54.24 million after a strong 2023 of USD 60.73 million, and net profit fell significantly to USD 234,226, representing a year-on-year decline of over 60%. Working capital also tightened considerably, falling to USD 587,518, nearly 70% lower than the previous year.

These figures point to a period of meaningful financial stress, likely driven by softening commodity prices, tighter margins in the rice trading business, and possible adjustments in inventory or asset management. While the company remains profitable and operationally active, the consistent multi-year erosion of both assets and equity suggests that a strategic reassessment of its capital structure and business model may be necessary to restore financial momentum in the years ahead.

This article is written based on the company report provided by VNBIS.COM, a leading provider of business intelligence, financial analysis, and risk assessment services covering companies in Vietnam and worldwide.