GROBEST INDUSTRIAL (VIETNAM) CO., LTD

GROBEST INDUSTRIAL (VIETNAM) CO., LTD (CÔNG TY TNHH GROBEST INDUSTRIAL VIỆT NAM) is a prominent foreign-invested enterprise (FDI) specializing in the manufacture of aquaculture and livestock feed in Vietnam. Established on April 12, 2000, the company has operated for over 25 years and is widely respected in the agricultural supply chain, especially in the aquafeed segment. It operates under tax code 3600456424 and is headquartered at No. 9, Road 3A, Bien Hoa 2 Industrial Park, Long Binh Tan Ward, Bien Hoa City, Dong Nai Province, Vietnam.

Fully owned by Tulip Profits Limited, an entity registered in the British Virgin Islands, GROBEST INDUSTRIAL (VIETNAM) CO., LTD functions as part of the broader Grobest Group, a regional leader in feed production across Asia. The Vietnamese arm is managed by Mr. Pham Hai Van, a Vietnamese national who serves as General Director and oversees a workforce of approximately 1,100 employees.

Financial performance in 2023 marks a significant recovery and acceleration. After reporting a profit of USD 3.9 millionin 2022, the company doubled its bottom line to USD 7.87 million, reflecting a 101.16% increase in profit year-over-year. This sharp improvement came despite a 7.58% decline in total sales, which fell to USD 163.47 million, down from a peak of USD 176.88 million in 2022. The drop in revenue may be attributable to softer market demand or pricing adjustments, but the sharp rise in profitability indicates successful cost management or improvements in product mix.

The company also displays strong financial fundamentals. Total assets remained stable at USD 67.94 million, and owner’s equity climbed to USD 53.99 million, up 17.06% year-over-year, suggesting solid reinvestment of earnings and minimal reliance on debt. Furthermore, working capital stood at an impressive USD 50.45 million, indicating excellent liquidity and operational sustainability.

Its core business is the manufacturing of feeds for shrimp and fish, which remains the backbone of its operations. However, its business license encompasses a wide range of registered activities—from feed production for cattle and poultry to food wholesale and fishery product processing—demonstrating operational flexibility and readiness for diversification.

Despite its private status and foreign ownership, GROBEST INDUSTRIAL (VIETNAM) CO., LTD is transparent in its operations and maintains a visible presence through its website and sales network. Its registered capital is USD 5 million, with USD 4.72 million paid up as of 2023, showing that the enterprise is fully funded relative to its charter.

In summary, GROBEST INDUSTRIAL (VIETNAM) CO., LTD is a financially sound and strategically important company in Vietnam’s agricultural ecosystem. While revenue slightly declined in 2023, the strong rebound in profit and consistent equity growth position the company as a stable and trustworthy partner in the feed production sector. Its solid liquidity and long-term operational history further enhance its credit profile. Stakeholders—including buyers, suppliers, and financial institutions—can view GROBEST as a highly credible company with improving profitability and low financial risk. For comprehensive risk assessment, trade verification, and updated company financials, rely on VANGUARD BUSINESS INFORMATION LLC (VBI).