DABACO OIL COMPANY LIMITED

DABACO OIL COMPANY LIMITED (CÔNG TY TNHH DẦU THỰC VẬT DABACO) is a fast-growing enterprise in Vietnam’s edible oil and agricultural processing industry. Established on 28 April 2017 with Business ID 2300982079, the company is headquartered in Tan Chi Industrial Cluster, Tan Chi Commune, Tien Du District, Bac Ninh Province. Over eight years of operation, it has positioned itself as an integrated manufacturer of refined soybean oil and related agricultural products.

The company is legally registered as a one-member limited liability company, wholly owned by DABACO GROUP — one of Vietnam’s largest agribusiness conglomerates. The business is directed by Nguyen T. Q., supported by Nguyen T. Y. as Chief Accountant. With a workforce of approximately 500 employees, the company operates with a potent combination of industrial processing and distribution capabilities.

From a financial perspective, DABACO OIL COMPANY LIMITED shows a mixed but notable performance trend. As of the end of 2023, total assets stood at USD 42.72 million, marking a 17 percent decline from the previous year. Total sales reached USD 110.22 million, down 6.26 percent year-on-year. More concerning, profit fell to USD 153,320, a sharp 93.32 percent drop compared to 2022, indicating pressure on operating margins amid a volatile commodities market. Equity also decreased to USD 11.66 million, reflecting weaker retained earnings.

Despite these short-term challenges, DABACO OIL COMPANY LIMITED remains a significant player within Vietnam’s edible oil sector, which is undergoing rapid transformation. The demand for vegetable oils, especially soybean oil, continues to grow steadily due to rising consumption in the food processing industry and household markets. At the same time, competition in this industry is intense, with both local producers and foreign firms investing in production facilities and distribution networks.

DABACO OIL COMPANY LIMITED’s product portfolio includes premium refined soybean oils branded COBA and UMI, soybean meal, hull, lecithin, and degummed crude oil. This diversified product mix allows the company to supply retail and industrial customers. Its location in Bac Ninh — a logistics hub in northern Vietnam — offers strategic access to key domestic markets and export routes.

In the broader context, the edible oil industry is heavily influenced by global soybean price volatility, import dependency, and changing consumer preferences toward healthier, higher-quality oils. For companies like DABACO OIL COMPANY LIMITED, effective financial risk management, operational efficiency, and innovation in product lines will be decisive in maintaining competitiveness.

While its recent financial results highlight operational pressures, the company's strong asset base, established brand, and backing from DABACO GROUP give it a solid foundation to pursue new opportunities in Vietnam’s growing food and agriculture market.