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DAESANG VIET NAM COMPANY LIMITED

Active

Business ID 2600109933

84-210 / 3848 719

DAESANG VIET NAM COMPANY LIMITED

Active

Business ID 2600109933

84-210 / 3848 719

DAESANG VIET NAM COMPANY LIMITED

Active

Summary

Name:

DAESANG VIET NAM COMPANY LIMITED

Business ID (TIN):

2600109933

Date of Registration:

10 Sep 2010

Registered Office:

Phu Tho Province Department of Finance

Address:

Song Thao Street, Phu Tho Province, Vietnam

Phone:

84-210 / 3848 719

Financial Statement:

2020, 2021, 2022, 2023, 2024

DAESANG VIET NAM COMPANY LIMITED, a foreign direct investment enterprise with over 15 years of presence in Vietnam, represents a strategic extension of the South Korean Daesang Corporation. The company has developed an extensive production and distribution network nationwide, operating from its central facility in Phu Tho Province, with branches in Tay Ninh, Ho Chi Minh City, and a transaction office in Hanoi.

At its core, Daesang Viet Nam manufactures a range of staple food products, including monosodium glutamate (MSG), super seasoning, fish sauce, tapioca starch, and tapioca syrup. Under brands such as Miwon, these products are well-established in Vietnamese kitchens, both in households and the food processing industry. The company is not limited to manufacturing; it is also licensed for market research, management consultancy, and experimental R&D, showing signs of broader ambition in food innovation and market intelligence.

In 2024, Daesang Viet Nam recorded USD 118.05 million in revenue, showing a 7.1% increase over the previous year. This came after a contraction in 2023, indicating a relatively strong rebound. Notably, profit more than doubled to USD 1.9 million, marking a 108.85% surge compared to 2023. However, while the turnaround is promising, the profit margin remains modest — below 2% of revenue — which could signal tight operating costs or pricing pressures in a competitive market.

Its asset base rose to USD 92.06 million, and equity reached USD 43.7 million, reflecting continued shareholder confidence and reinvestment. Working capital is healthy at approximately USD 33 million, giving the company strong liquidity to navigate market fluctuations. The paid-up capital has remained steady, with South Korea’s Daesang Corporation holding a dominant 93.11% stake, and a minority stake held by an Indonesian investor.

From a risk and credit perspective, Daesang Viet Nam shows signs of disciplined financial management and operational maturity. Still, it operates in a highly commoditized and competitive industry, where brand trust and distribution reach are key to success. It has recovered from a downturn in 2023. Still, its growth path in the coming years will likely depend on its ability to expand higher-margin products, maintain raw material efficiency, and strengthen retail penetration amidst evolving consumer preferences.

A full report from Vanguard Business Information LLC (VNBIS) provides comprehensive financial analysis, credit risk indicators, and peer comparisons for buyers, partners, or stakeholders seeking deeper insights.

Legal Profile

English Name:

DAESANG VIET NAM COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH DAESANG VIỆT NAM

Short Name:

DAESANG VIET NAM CO., LTD

Business ID (TIN):

2600109933

Date of Registration:

10 Sep 2010

Registered Office:

Phu Tho Province Department of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

JEON C.K

Address:

Song Thao Street, Phu Tho Province, Vietnam

Phone:

84-210 / 3848 719

Branch:

B2 Hamlet, Tay Ninh Province, Vietnam

Transaction office:

Daesang Building, No. 22, Pham Hung Street, Ha Noi City, Vietnam

Branch:

Lot 14, Road No. 4, Linh Trung II Industrial Park - Export Processing Zone, Ho Chi Minh City, Vietnam

Branch:

Lot 06, Nghi Phu Industrial Park, Nghe An Province, Vietnam

Branch:

Lot 10.1, Road No. 1, Cam Dien – Luong Dien Industrial Park, Hai Phong City, Vietnam

Branch:

4th Floor, 200 Xuan Thuy Building, Da Nang City, Vietnam

Business Sector

Key business lines:

VSIC:

1062 Manufacture of starches and starch products

NACE:

10.62 Manufacture of starches and starch products

Industry Sales Growth

CAGR (2019 - 2023)

4.33%

YoY (2023)

-7.27%

Companies by industry

Company distribution and propportions

847

0.0291%

Key Industry Players

Top 10 companies in manufacture of starches and starch products industry

viet nam flour corporation hungduy co.,ltd vietnam food industries joint stock company binh phuoc general import – export joint stock company quang ngai agricultural products and foodstuff joint stock company fococev viet nam joint stock company phu yen tapioca starch joint stock company quangtri general trading joint stock company (tên giao dịch: sepon group). minhyang biochemistry viet nam company limited (translated name) vifon joint stock company - hai duong branch

Payment History

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Financial Performance

Assets	65.91%
Owner’s Equity	84.05%
Working Capital	-49.03%
Net Worth	80.36%
Sales	-54.91%
Operating income	-89.39%
EBIT	-92.29%
Gross Profit Margin	-43.83%
Debt to EBITDA	-88.97%

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Negative Payment Records

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Specific Questions About DAESANG VIET NAM COMPANY LIMITED

When did DAESANG VIET NAM COMPANY LIMITED start operating?

DAESANG VIET NAM COMPANY LIMITED was started in 10 Sep 2010

What industry does DAESANG VIET NAM COMPANY LIMITED operate in?

DAESANG VIET NAM COMPANY LIMITED is operating in "Manufacture of starches and starch products" industry

How can I contact DAESANG VIET NAM COMPANY LIMITED?

DAESANG VIET NAM COMPANY LIMITED phone numbers is 84-210 / 3848 719

What adverse news is there about DAESANG VIET NAM COMPANY LIMITED?

DAESANG VIET NAM COMPANY LIMITED’s has 2 bad news

What is stock symbol of DAESANG VIET NAM COMPANY LIMITED?

DAESANG VIET NAM COMPANY LIMITED is not listed company

Where is the location of DAESANG VIET NAM COMPANY LIMITED?

DAESANG VIET NAM COMPANY LIMITED is located at Song Thao Street, Phu Tho Province, Vietnam

What is DAESANG VIET NAM COMPANY LIMITED’s business registration?

DAESANG VIET NAM COMPANY LIMITED business registration is 2600109933

DAESANG VIET NAM COMPANY LIMITED