FEED ONE COMPANY LIMITED

FEED ONE COMPANY LIMITED (CÔNG TY TNHH THỨC ĂN THỦY SẢN FEED ONE), established in 2012 and headquartered in Lot B5, My Hiep Industrial Cluster, Cao Lanh District, Dong Thap Province, has emerged as a fast-rising player in Vietnam's booming aquafeed and livestock feed sector. With Business ID 1401711796 and full Vietnamese ownership—75% by Vinh Hoan Corporation, a leading pangasius exporter, and 25% by Mr. Dang Van Vien—this company serves a critical upstream role in Vietnam’s agricultural export value chain.

Led by Chairman Mr. Vo Phu Duc and Director Ms. Lam Mau Diep, FEED ONE COMPANY LIMITED has witnessed remarkable financial growth. Revenue surged to USD 202.33 million in 2023, up 71.17% from the previous year. Profit also climbed 68.26% year-over-year to USD 6.93 million, supported by strong demand for aquafeed amid rising seafood exports. Total assets increased slightly to USD 69.6 million, while equity jumped to USD 21.92 million.

Despite these headline successes, the company’s negative working capital of USD -8.09 million raises red flags from a risk management perspective. This liquidity gap suggests a potential overreliance on short-term liabilities to finance rapid growth, which can expose the company to operational shocks, especially in the volatile agri-commodity market.

The animal feed industry in Vietnam, especially for aquatic species like pangasius and shrimp, has become a key growth engine, fueled by rising exports, feed technology advancements, and public-private partnerships in sustainable aquaculture. However, the sector is also vulnerable to fluctuations in feed input prices, environmental regulations, and disease outbreaks, which can severely impact demand.

Given the dual nature of rapid expansion and underlying liquidity stress, VANGUARD BUSINESS INFORMATION LLC advises conducting a comprehensive Private Financial Data review of FEED ONE COMPANY LIMITED. Stakeholders should also initiate a Litigation Search to uncover any potential disputes in sourcing, trade financing, or compliance, especially as the company scales across Vietnam’s complex regulatory and logistics landscape.

In summary, FEED ONE COMPANY LIMITED is a growth-driven company embedded in one of Vietnam’s most strategic agro-industries. However, to engage confidently—whether as a partner, supplier, or investor—robust due diligence is essential. VANGUARD BUSINESS INFORMATION LLC offers the clarity and verification needed to navigate risks in Vietnam’s agribusiness frontier.