DUY PHAT AGRICULTURE JOINT STOCK COMPANY (Vietnamese: CÔNG TY CỔ PHẦN NÔNG NGHIỆP DUY PHÁT, Tax Code: 0109956114) is rapidly making its mark in Vietnam’s agricultural supply chain. Registered in April 2022, this young but fast-growing company operates from 12th Floor, Licogi 13 Building, No. 164, Khuat Duy Tien Street, Nhan Chinh Ward, Thanh Xuan District, Hanoi. Despite being less than three years old, Duy Phat has posted impressive results in 2023, confirming its rising profile in the wholesale trade of agricultural raw materials and live animals.

In just one year, the company’s total sales skyrocketed to USD 188.52 million, growing an astonishing 185.15% year-on-year. It also doubled its total assets to over USD 94.11 million, suggesting robust expansion and effective asset deployment. Profitability remains modest but sharply improved: net profit grew by over 209%, reaching USD 36,351, up from just over USD 11,000 a year earlier. Meanwhile, the company’s working capital of USD 4.16 million indicates solid financial health and liquidity for short-term operations.

Led by Mr. NGUYEN ANH TUAN, who also holds a 50% ownership stake, Duy Phat operates with a focused management structure. Two other shareholders, Mr. HOANG MINH and Ms. PHAN THI THU HUONG, each own 25%, reflecting a tight and stable ownership setup.

Beyond its core focus on trading agricultural materials, the company has registered a broad scope of farming-related activities — including growing rice, maize, sugarcane, coffee, cashew, tea, and pepper, as well as livestock breeding. This diversified registration suggests an ambition to expand vertically across the agricultural value chain, from sourcing and production to distribution.

Although its current profit margin remains thin, Duy Phat’s rapid revenue growth, asset expansion, and strategic business registrations make it a promising contender in Vietnam’s agri-business landscape. As global demand for food and raw materials increases, and Vietnam’s role as an agricultural export hub continues to grow, companies like Duy Phat will likely play an increasingly important role.

DUY PHAT AGRICULTURE JOINT STOCK COMPANY is one to watch — for partners, investors, and competitors alike.