HAOHUNG CO., LTD

HAOHUNGCO.LTD (Business ID: 0301952517), a long-established private company headquartered in Ho Chi Minh City, has spent more than 25 years cultivating its role in Vietnam’s forestry logistics, woodchip processing, and construction material trading. With a robust operational footprint across the country and a sharp focus on timber and agricultural-related services, the company exemplifies Vietnam’s natural resource-based manufacturing strengths.

Company Overview and Legal Profile

Founded on March 16, 2000, HAOHUNGCO.LTD is a limited liability company owned primarily by Mr. Thang Van Hoa, who holds 99.88% of the shares. The company is privately held and currently employs a lean team of 25 employees. Its registered charter capital as of December 2023 stood at USD 8.2 million, with a paid-up capital of nearly USD 4.93 million.

Headquartered at A15-A17 Bach Dang Street, Ward 2, Tan Binh District, the company maintains operational branches in Dong Nai and Quang Ngai, further reinforcing its national logistics and processing network. HAOHUNGCO.LTD is legally registered with the Ho Chi Minh City Department of Planning and Investment, operating under TIN 0301952517.

Financial Performance: Sharp Volatility

Despite its long-standing presence and operational reach, HAOHUNGCO.LTD experienced a sharp downturn in 2023:

• Total sales dropped by 60.39%, falling to USD 54.13 million from over USD 136 million in 2022.

• Profit plummeted by 97.36%, with only USD 82,057 recorded, compared to over USD 3 million the previous year.

• However, equity surged by 90.36%, a promising sign of capital reinforcement during a volatile period.

Working capital remained strong at USD 73.94 million, showcasing the company’s solvency and liquidity buffer amid a challenging business cycle.

Business Activities and Market Presence

HAOHUNGCO.LTD operates in a highly diversified sector. Its core strength lies in woodchip and wood pallet trading and processing, a sector essential to both domestic construction and international pulp and paper industries. Additional registered activities span from freight logistics, forestry, water transport services, to machinery manufacturing and agricultural material trading—a testament to the company’s strategic integration across the supply chain.

The company’s website haohungwoodchip.com reflects its commitment to wood product supply and global trade engagement.

Verified Business Data by VBI

For stakeholders seeking verified financial data, ownership transparency, and risk management insights on HAOHUNGCO.LTD, a detailed company report is available via Vanguard Business Information LLC (VBI). VBI provides in-depth corporate intelligence, including credit risk scores, business verification, litigation history, and private financial data—critical tools for importers, credit insurers, and potential partners evaluating Vietnamese enterprises.

Whether you are evaluating TIMBERLAND COMPANY LIMITED, HAOHUNGCO.LTD, or any other business in Vietnam, VBI delivers trusted company reports tailored for smart decision-making.