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HUNG PHUOC FOOD JOINT STOCK COMPANY

Active

Business ID 1801638501

HUNG PHUOC FOOD JOINT STOCK COMPANY

Active

Business ID 1801638501

HUNG PHUOC FOOD JOINT STOCK COMPANY

Active

Summary

Name:

HUNG PHUOC FOOD JOINT STOCK COMPANY

Business ID (TIN):

1801638501

Date of Registration:

21 May 2019

Registered Office:

Can Tho Department of Planning and Investment

Address:

Thanh Hung 1 Hamlet, Trung Hung Commune, Co Do District, Can Tho City, Vietnam

Financial Statement:

2020, 2021, 2022, 2023, 2024

HUNG PHUOC FOOD JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN LƯƠNG THỰC HƯNG PHƯỚC) has emerged as a fast-rising name in Vietnam’s rice and grain trading sector, headquartered in Thanh Hung 1 Hamlet, Trung Hung Commune, Co Do District, Can Tho City. Registered under tax code 1801638501, the company began its journey in May 2019 and has seen impressive top-line expansion in just over six years of operation.

The company’s core business lies in the wholesale of rice, wheat, cereals, and flour—an area where Vietnam plays a leading role globally. In 2023, HUNG PHUOC FOOD recorded revenue of more than 147 million USD, up 74 percent from the previous year, while its total assets jumped nearly 70 percent to reach 78.45 million USD. These growth figures are eye-catching, especially for a company with just over half a decade of history.

Yet behind these soaring numbers is a more fragile foundation. Despite strong sales, the company posted a modest profit of only 53,651 USD in 2023, a narrow margin considering its volume. Even more notable is its equity profile. Owner’s equity stood at just over 6.15 million USD, barely recovering from a sharp drop in 2022 when it had plunged more than 64 percent. Once over 17 million USD in 2021, the equity figure has yet to regain its previous strength.

Working capital is another weak spot, totaling only 2.3 million USD in 2023. This figure suggests limited liquidity cushion, especially in an industry prone to price fluctuations and supply chain disruptions. For those relying on Vietnam private financial data or using business verification services, such financial signals warrant careful attention.

The company is led by General Director Mr. Tran V. C. and Chairman of the Board Mr. Tieu P. T., with major shareholders including Mr. Nguyen V. T. (46.3 percent ownership), Mr. Tran V. N. (26.85 percent), and Mr. Tran H. S. (26.85 percent). This relatively concentrated ownership structure is typical in mid-sized Vietnamese joint-stock firms.

Interestingly, HUNG PHUOC FOOD has also registered a wide array of secondary business lines, from electricity distribution and agricultural equipment trading to motorcycle repairs and even crop cultivation. Whether this diversification reflects real operations or simply broad licensing remains unclear, but it does raise questions for risk management specialists and potential partners evaluating the company’s strategic focus.

In conclusion, HUNG PHUOC FOOD JOINT STOCK COMPANY is undoubtedly growing fast, driven by Vietnam’s booming agricultural exports. But the thin profit margin, constrained working capital, and fragile equity base reveal underlying financial challenges that must be addressed if the company wants to sustain its upward trajectory. It is a firm that calls for close monitoring, not just admiration.

Legal Profile

English Name:

HUNG PHUOC FOOD JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN LƯƠNG THỰC HƯNG PHƯỚC

Short Name:

HUNG PHUOC FOOD

Business ID (TIN):

1801638501

Date of Registration:

21 May 2019

Registered Office:

Can Tho Department of Planning and Investment

Operation Status:

Active

Contacts

Key Decision Makers:

Address:

Thanh Hung 1 Hamlet, Trung Hung Commune, Co Do District, Can Tho City, Vietnam

Old Address:

Thanh Hung 1 Hamlet, Co Do District, Can Tho City, Vietnam

Business Sector

Key business lines:

VSIC:

4631 Wholesale of rice, wheat, other cereals and wheat flour

Industry Sales Growth

CAGR (2019 - 2023)

12.74%

YoY (2023)

16.12%

Companies by industry

Company distribution and propportions

4,010

0.1379%

Key Industry Players

Top 10 companies in wholesale of rice, wheat, other cereals and wheat flour industry

vietnam southern food corporation - joint stock company vietnam northern food corporation ltd kien giang import & export joint stock company thuan minh import export corporation nhat thanh import export joint stock company vi dan rice joint stock company hung phuoc food joint stock company an điền agricultural joint stock company mekong food corp bao lam agriculture joint stock company

Payment History

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Financial Performance

Assets	32.74%
Owner’s Equity	-98.57%
Working Capital	-10.38%
Net Worth	-56.57%
Sales	-48.42%
Operating income	-29.65%
EBIT	-5.79%
Gross Profit Margin	-50.79%
Debt to EBITDA	-78.93%

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Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

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EBT

EBITDA

Working Capital

Tangible Net Worth

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Profit and Loss Statement

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Historical Information

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Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

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Credit Limit

Industry Information

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Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About HUNG PHUOC FOOD JOINT STOCK COMPANY

When did HUNG PHUOC FOOD JSC start operating?

HUNG PHUOC FOOD JSC was started in 21 May 2019

What industry does HUNG PHUOC FOOD JSC operate in?

HUNG PHUOC FOOD JSC is operating in "Wholesale of rice, wheat, other cereals and wheat flour" industry

How can I contact HUNG PHUOC FOOD JSC?

HUNG PHUOC FOOD JSC don't share phone numbers information

What adverse news is there about HUNG PHUOC FOOD JSC?

HUNG PHUOC FOOD JSC’s has no negative news

What is stock symbol of HUNG PHUOC FOOD JSC?

HUNG PHUOC FOOD JSC is not listed company

Where is the location of HUNG PHUOC FOOD JSC?

HUNG PHUOC FOOD JSC is located at Thanh Hung 1 Hamlet, Trung Hung Commune, Co Do District, Can Tho City, Vietnam

What is HUNG PHUOC FOOD JSC’s business registration?

HUNG PHUOC FOOD JSC business registration is 1801638501

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