KINH BAC AGRICULTURAL TRADE AND SERVICE JOINT STOCK COMPANY

KINH BAC AGRICULTURAL TRADE AND SERVICE JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN THƯƠNG MẠI VÀ DỊCH VỤ NÔNG NGHIỆP KINH BẮC): A Meteoric Rise in Vietnam’s Agri-Business Sector

Established in late 2022, KINH BAC AGRICULTURAL TRADE AND SERVICE JOINT STOCK COMPANY has quickly emerged as one of the fastest-growing players in Vietnam’s agricultural and business services landscape. Officially registered with Business ID and Tax Code: 0110189206, the company operates under the legal status of a joint stock company with a charter capital of USD 4.1 million, all of which is fully paid up as of December 2023. Its headquarters is located at Room 203, 2nd Floor, Lot B9D6, Cầu Giấy New Urban Area, Cầu Giấy District, Hà Nội.

In just over one year of operation, KINH BAC AGRICULTURAL TRADE AND SERVICE JOINT STOCK COMPANY has demonstrated remarkable financial performance. The company reported total assets of USD 258.47 million in 2023, an astronomical increase of over 1.36 million percent compared to the previous year. Its total revenue reached USD 487.11 million, an exceptional result for such a young company. Net profit for the year stood at USD 392,370, reversing a small loss from 2022 and reflecting a 9,241% growth in profitability. These figures also translated to an impressive owner's equity of USD 4.5 million, underlining the company’s strong financial foundation and investor confidence.

At the helm of the company is Mr. Đỗ Đức Kiên, who serves as the legal representative. Under his leadership, the firm has registered for a wide range of business activities, primarily focused on business support services but also encompassing large-scale agricultural production. The company's registered lines of business include the cultivation of rice, maize, tubers, sugarcane, tobacco, vegetables, fruits, cashews, coffee, tea, rubber, and various perennial crops. This extensive list positions KINH BAC AGRICULTURAL TRADE AND SERVICE JOINT STOCK COMPANY as a potential future leader in diversified agricultural investment and service provision in Vietnam.

However, with such exponential growth in such a short time frame, the company’s rapid expansion also brings questions about sustainability, internal controls, and credit reliability. That’s where tools like Vanguard Business Information (VBI) come into play. Through its comprehensive financial risk management services, VBI enables investors, suppliers, and business partners to assess the real-time solvency, financial stability, and risk exposure of companies like KINH BAC AGRICULTURAL TRADE AND SERVICE JOINT STOCK COMPANY. By accessing VBI’s company verification services, stakeholders can make informed decisions backed by accurate, up-to-date intelligence.

As of now, shareholder details for the company remain unavailable in the public domain. This lack of disclosure adds another reason why third-party business verification is critical for those seeking to engage in high-value contracts or strategic partnerships.

In summary, KINH BAC AGRICULTURAL TRADE AND SERVICE JOINT STOCK COMPANY has made a bold entrance into Vietnam’s agri-business scene. Its scale of growth, financial numbers, and operational breadth are impressive, but they also warrant closer scrutiny. For anyone looking to understand or work with this rising enterprise, combining enthusiasm with diligence is essential.