DONG NAI BRANCH - ANOVA FEED JOINT STOCK COMPANY

DONG NAI BRANCH – ANOVA FEED JOINT STOCK COMPANY is an operational branch of Anova Feed Joint Stock Company, playing a strategic role in Vietnam’s animal feed manufacturing and distribution network. Established in 2015, the branch operates in Dong Nai Province—one of the country’s most important livestock and agribusiness hubs—serving feed demand for cattle, poultry, and aquatic farming.

Legal status and branch registration

The branch is legally registered under the name DONG NAI BRANCH – ANOVA FEED JOINT STOCK COMPANY, operating as a dependent branch under Vietnamese law.

• Business ID: 1101550146-006

• Registered address: Lot G8, D6A Road, Dau Giay Industrial Park, Dau Giay Town, Thong Nhat District, Dong Nai Province, Vietnam

The branch is licensed by the Dong Nai Department of Planning and Investment and maintains active operating status. As a branch entity, it does not have separate legal personality from its parent company, but it maintains its own operational records and financial performance indicators.

Operational role and management

The Dong Nai branch is directly involved in the manufacture of animal feeds, focusing on products for cattle, poultry, and aquaculture. This specialization places the branch at the core of Anova Feed’s production footprint in southern Vietnam, supporting both regional livestock farming and broader supply chain distribution.

The branch is overseen by BUI PHAN PHU L., who is recorded as the owner in charge of branch operations. This management structure suggests direct operational accountability rather than a purely administrative branch presence.

Financial scale and performance dynamics

Financial data indicate that the Dong Nai branch operates at a meaningful scale within the group. Total assets remain substantial, although asset levels have fluctuated in recent years, reflecting adjustments in inventory, production inputs, or working capital deployment.

Sales revenue has remained strong despite a recent contraction, suggesting normalization after a period of higher demand. Profitability remains positive, although earnings have moderated compared to the previous peak year—likely influenced by feed input costs, livestock market cycles, or pricing pressure in downstream markets.

A notable feature of the branch’s financial profile is negative working capital. While this is not uncommon in manufacturing branches integrated into larger corporate structures, it does signal reliance on internal group financing, supplier credit, or short payment cycles. For counterparties, this underscores the importance of evaluating the branch alongside the parent company's financial strength rather than as a standalone unit.

Business relevance and risk considerations

Operating in the animal feed sector exposes the Dong Nai branch to risks associated with commodity price volatility, livestock disease cycles, and regulatory oversight of food and feed safety. However, its location within an established industrial park and integration into a larger corporate group help mitigate some operational risks.

For banks, suppliers, insurers, and business partners, understanding the branch’s role within Anova Feed’s overall structure is essential. A branch-level review provides insight into local operating efficiency, but a comprehensive risk assessment should also consider parent-company support, internal transfer pricing, and group-wide liquidity management.