GIA VU FERTILIZER COMPANY LIMITED

GIA VU FERTILIZER COMPANY LIMITED (CÔNG TY TNHH PHÂN BÓN GIA VŨ) was a privately held limited liability company based in Kien Giang Province, Vietnam, that operated in the fertilizer trading and agricultural supply industry. The company was officially registered on November 10, 2015, under Business ID 1702022091, with its head office located at No. 67, Dong Thanh Hamlet, Thanh Dong A Commune, Tan Hiep District, Kien Giang Province.

Business Overview

GIA VU FERTILIZER was primarily engaged in fertilizer trading, with additional operations spanning a wide range of commercial and service sectors, including agricultural machinery wholesale, construction materials, food trading, packaging, and inland freight transport. Such diversification reflected an attempt to expand revenue streams and stabilize income across multiple industries.

Despite these broad activities, the company’s primary revenue source remained in the fertilizer sector, supplying agricultural products and materials to local and regional distributors. Its operations were focused on the Mekong Delta region — Vietnam’s largest agricultural hub — where it provided logistical and distribution support to farmers and agribusinesses.

Leadership and Ownership

The company was led by Ms. Vu T. L., who served as Chairwoman cum Director and held 58 percent of total ownership. She was supported by Mr. Vu D. K., Deputy Director, owning 39 percent, and Ms. Nguyen N. T. T., who held the remaining 3 percent. The leadership structure reflected a family-owned business model, which often ensures decision-making agility but can limit external oversight.

Financial Analysis and Business Condition

As of the fiscal year ending December 31, 2023, GIA VU FERTILIZER recorded total assets of USD 19.26 million, representing a significant 98.9 percent increase from the previous year. Owner’s equity stood at USD 4.69 million, rising sharply by 126.4 percent year-on-year, indicating a substantial improvement in capital strength.

However, total sales slightly declined by 1.19 percent, reaching USD 105.04 million, while net profit increased modestly by 14.49 percent to USD 156,040. These results suggest that although the company maintained strong revenue performance, its profitability remained relatively thin — likely due to competitive pricing pressures and volatile input costs in the fertilizer market.

The company’s working capital improved to USD 4.69 million, strengthening liquidity and operational capacity. Still, the profit margin (about 0.15 percent of sales) reflects a low-return model typical of wholesale trading companies with high inventory turnover and limited pricing power.

Legal and Operational Status

According to the latest registry update, the company’s legal status is listed as “Dissolution” as of 2025. This indicates that GIA VU FERTILIZER is no longer operational due to voluntary closure or administrative dissolution. The reasons for dissolution are not publicly disclosed. Still, given its high sales volume and thin profitability, it is plausible that the company faced challenges maintaining sustainable margins in a highly competitive and regulated market.

Assessment and Risk Perspective

From a credit and business risk perspective, GIA VU FERTILIZER demonstrated solid revenue generation capacity but lacked strong profitability and long-term capital efficiency. The company’s rapid growth in equity and assets in 2023suggests some internal financial restructuring or revaluation before dissolution. However, the absence of sustained profit growth raises concerns about operational sustainability.

Key risk factors include the firm’s dependence on a small leadership circle and exposure to market volatility in agricultural commodities. Additionally, its eventual dissolution represents an elevated credit risk, indicating that partners, creditors, and insurers should carefully review any existing obligations.

In summary, GIA VU FERTILIZER COMPANY LIMITED was once an active regional player in Vietnam’s fertilizer trading sector with significant turnover and growth potential. Yet, its limited profit margins, high competition, and eventual dissolution underscore the importance of prudent credit evaluation for counterparties in the agricultural materials industry.