BINH TRI CO., LTD

BINH TRI CO., LTD is a long operating specialized wholesale enterprise with more than two decades of presence in Ho Chi Minh City. Over the years, BINH TRI CO., LTD has positioned itself as a consistent supplier of industrial chemicals and related materials to manufacturers and distributors across southern Vietnam. Today, BINH TRI CO., LTD remains an active player in its niche, though its recent financial trajectory shows important shifts that investors should evaluate closely.

Leadership Stability and Shareholder Balance
The company is led by Director Nguyen Thi Thu Hao, whose long tenure provides continuity in a business that relies heavily on supplier trust and established customer networks. Shareholding is distributed across four Vietnamese investors, with Nguyen Minh Tri holding 45.46%, Nguyen Thanh Binh holding 40.91%, Nguyen Thi Su holding 13.18%, and the Director herself holding 0.45%, as shown in the shareholder chart on page 2. This structure gives BINH TRI CO., LTD a relatively balanced governance framework, though operational influence appears centered on a few key individuals.

Core Business Model and Competitive Positioning
BINH TRI CO., LTD’s main commercial strength lies in industrial chemical trading, supported by a diverse set of registered activities that include construction materials, basic chemical manufacturing, warehousing, and freight transport. The company’s head office in Binh Tan District and warehouse facility in Long An provide logistical proximity to major industrial buyers in southern Vietnam. While this diversified registration list opens multiple commercial pathways, the data and visuals on page 2 indicate that industrial chemicals remain the operational core. The breadth of activities may offer resilience, but it also raises questions about strategic focus and depth of execution in each segment.

Financial Trajectory and Early Warning Signals
The financial summary on page 1 shows a company entering a clear downcycle. Assets declined from 25.30 million USD in 2022 to 22.24 million USD in 2023. Sales fell from 87.8 million USD to 75.8 million USD. More concerning is the collapse in profitability, moving from a positive but thin profit of 10,226 USD in 2022 to a loss of 80,977 USD in 2023. Working capital increased slightly to 8.01 million USD, which provides the company with a liquidity buffer, but the year’s sharp profit reversal indicates margin compression or rising operational costs. Equity also edged downward to 4.85 million USD, illustrating that prolonged underperformance could weaken the company’s capital position over time.

Operational Risks and Market Dependence
BINH TRI CO., LTD operates within a demanding segment where chemical trading is sensitive to industrial production cycles, input volatility, and regulatory oversight. Its customer base depends on stable manufacturing demand, which can shift quickly with economic conditions. The company’s mix of activities—from paint manufacturing to construction materials to warehousing—shows potential diversification, but investors must determine how many of these activities are actually active versus nominal registrations. With a workforce of only 50 employees as noted on page 1, operational capacity must be evaluated carefully to determine whether the company can efficiently manage its range of business lines.

Business Insight
The most striking feature in BINH TRI CO., LTD’s financial profile is the dramatic deterioration in profit compared with its relatively stable asset and equity base. The chart on page 1 shows a nearly flat equity line but a steep drop in profit. This mismatch suggests that the company may be absorbing rising costs that it cannot pass to customers, or that it has entered a period of reduced pricing power in its sector. At the same time, working capital remains strong at 8.01 million USD, meaning the company is not in immediate liquidity distress. This combination of declining profit with stable liquidity often signals a business that is structurally sound but currently struggling with margin pressure. The full VNBIS report is essential for understanding whether this is a temporary cycle or an early indication of deeper operational inefficiency.

VNBIS Support for Investor Decisions
Vanguard Business Information LLC provides comprehensive financial verification, solvency assessment, and operational due diligence for BINH TRI CO., LTD. The VNBIS Company Comprehensive Report offers a full breakdown of financial statements, liquidity trends, ownership mapping, risk indicators, and business verification that go far beyond the executive summary. For investors, lenders, and procurement teams needing a clear and reliable assessment of the company’s stability and long term outlook, the full report at www.vnbis.com delivers the detail required for confident decision making.