FRIESLANDCAMPINA VIETNAM COMPANY LIMITED (CÔNG TY TNHH FRIESLANDCAMPINA VIỆT NAM) is a major foreign-invested enterprise in Vietnam’s dairy sector, operating under Business ID and Tax Code 3700229344. Established on June 30, 2008, and headquartered in Binh Duc 1 Quarter, Binh Hoa Ward, Thuan An City, Binh Duong Province, the company is known to the public through its brand Dutch Lady, a household name across Vietnam.

A joint venture between FrieslandCampina Vietnam Holding B.V. (Netherlands, 70%) and Binh Duong Producing and Trading Corporation (Vietnam, 30%), the company manufactures and distributes dairy products and maintains regional offices in Ho Chi Minh City, Hanoi, and Ha Nam. The General Director is Mr. Russell David Lipchin, a South African national.

Financial Overview: Shrinking Revenue and Profit Despite Established Market Presence

FRIESLANDCAMPINA VIETNAM COMPANY LIMITED reported USD 184.2 million in revenue in 2023—a decline of 16.48% compared to the previous year. The company’s net profit plunged by nearly 73%, falling to just USD 1.27 million, down from over USD 17 million in 2021. Over the past three years, its assets, equity, and profit have consistently decreased:

• Total Assets dropped from USD 101 million in 2021 to USD 65.6 million in 2023.

• Owner’s Equity fell from USD 34.6 million to USD 17.9 million over the same period.

• Working Capital is negative USD 11.85 million, a signal of tightening liquidity.

While the company still maintains over 500 employees and a strong brand presence, the erosion of financial strength over time may raise concerns regarding cost structure, competitive pricing pressure, or changes in consumer demand.

Risk Management Perspective: Warning Signs Behind a Trusted Brand

From a risk management perspective, FRIESLANDCAMPINA VIETNAM COMPANY LIMITED shows signs of financial stress despite its brand strength and long-standing market presence. The persistent decline in profit margins and net worth poses risks for suppliers, distributors, and financial institutions engaged with the firm. The negative working capital further suggests liquidity strain, which may affect short-term obligations.

Stakeholders are strongly advised to review Private Financial Data and conduct a Litigation Search before making any credit, distribution, or investment decisions. While the company is still operating actively, deeper financial and legal due diligence will provide clearer insights into its viability and outlook.

VANGUARD BUSINESS INFORMATION LLC (VBI) offers trusted due diligence and financial intelligence on over 600,000 companies in Vietnam, including major FDI firms in food, beverage, and manufacturing. Our reports combine operational insights, financial performance, ownership structure, and legal standing to support risk-based decision-making.

🔍 For the complete report on FRIESLANDCAMPINA VIETNAM COMPANY LIMITED, visit:
👉 https://vnbis.com/products/companies/frieslandcampina-vietnam-company-limited-3418/

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