IGUACU VIETNAM COMPANY LIMITED

IGUACU VIETNAM COMPANY LIMITED (CÔNG TY TNHH IGUACU VIỆT NAM) is a wholly foreign-owned enterprise specializing in the manufacturing and trading of instant coffee. Established on May 24, 2019, the company is located at Road D1, Lot J7, Phu My 3 Specialized Industrial Park, Phuoc Hoa Ward, Phu My City, Ba Ria - Vung Tau Province. With a workforce of 230 employees and full ownership by the Japanese conglomerate Marubeni Corporation, the company has operated in Vietnam for over six years under the leadership of Mr. Kazuyuki Kajiwara as Chairman, and directors Ms. Yumiko Kawai and Mr. Yusaku Nemoto.

On the surface, IGUACU VIETNAM COMPANY LIMITED appears to be scaling up rapidly. Its total assets reached USD 170.2 million by the end of fiscal year 2024, representing a remarkable 33.86% increase year-over-year. Even more striking is the 4,348% surge in revenue, jumping from just USD 1.25 million in 2023 to over USD 55.55 million in 2024—a sign that its core instant coffee business has officially entered full-scale production and market penetration.

However, this growth story is not without serious red flags. Despite the strong sales performance, the company posted a loss of over USD 11.5 million in 2024, extending a trend of deepening annual losses since inception. Notably, owner’s equity has deteriorated by nearly 12%, and working capital is a concerning negative USD 54.32 million, raising questions about liquidity and funding sustainability. With losses widening each year and equity eroding, how long can the company sustain its aggressive asset expansion?

Is IGUACU VIETNAM COMPANY LIMITED a rising powerhouse in Vietnam’s instant coffee sector—or a high-risk operation burning through capital in pursuit of scale? What does its balance sheet really say about operational efficiency, debt structure, or financial discipline? For banks, investors, and suppliers, these are critical questions that require deeper investigation.

To answer them, a full credit and risk assessment report by Vanguard Business Information is essential. With detailed legal, financial, and operational insights, VNBIS helps you look beyond the headlines and into the real risks—and opportunities—of partnering with a company like IGUACU VIETNAM COMPANY LIMITED. The story may be more complex than the numbers first suggest.