LAM SON SUGAR CANE JOINT STOCK CORPORATION

LAM SON SUGAR CANE JOINT STOCK CORPORATION has been part of Vietnam’s agricultural and sugar manufacturing sector for more than 25 years, and during that time LAM SON SUGAR CANE JOINT STOCK CORPORATION has expanded from a regional sugar mill into a diversified agribusiness. Today, LAM SON SUGAR CANE JOINT STOCK CORPORATION operates with more than 1,260 employees, supplying sugar, organic foods and agricultural products while navigating a market reshaped by import competition and fluctuating global sugar prices.

Leadership and Governance in a Long-Established Agribusiness

The company is led by Chairman Le V. T., supported by General Director Le V. P. and Deputy Chairman Le T. T. As a publicly held enterprise listed on HOSE under the symbol LSS, the company operates in a more transparent and regulated environment compared to private agricultural firms. Leadership stability is essential in coordinating thousands of growers and managing long-term relationships across Thanh Hoa Province.

Position Within Vietnam’s Sugar, Agriculture and Diversification Chain

While sugar manufacturing remains central, the company’s registered activities extend across high-tech agriculture, organic rice processing, beverages, meat processing, livestock and forestry. It has also invested in eco-tourism through Thanh Tam Bamboo Eco Park and engages in quarrying and power generation. This wide scope reflects a strategy commonly seen among legacy sugar producers: diversifying to stabilize revenue against volatile cane yields and global price swings.

Revenue Scale and Financial Reality of a Mature Producer

The company recorded revenue of $74.26 million, a decline of more than 11 percent from the previous year. Profit fell to $1.24 million, down more than 32 percent. Despite this, assets remained strong at $104.44 million while equity increased slightly to $67.89 million. These figures illustrate a business that is operationally stable but financially pressured by declining margins—a pattern typical of long-established manufacturers in competitive agricultural markets.

Operational Pressures in Sugar Production and Agricultural Expansion

Operating a sugar refinery requires stable cane supply, reliable energy capacity and continuous reinvestment in production technology. The company’s working capital of $11.79 million provides a buffer, yet diversification into organic food, beverages and eco-tourism introduces new operational demands. Performance trends suggest that while the company maintains scale, margin pressure will require continued upgrades in efficiency and a shift toward higher-value products to maintain competitiveness.

Why This Company Remains Significant in Vietnam’s Agricultural Economy

As one of Vietnam’s longest-standing sugar and agribusiness companies, LASUCO plays a foundational role in supporting farmers, rural employment and local supply chains. Its diversification strategy reflects the broader transition within Vietnam’s agricultural sector as companies adapt to global competition, climate variability and consumer trends favoring higher-quality agricultural products. The company’s longevity signals resilience, even as its financial results highlight the need for modernization.

VNBIS Insight for Investors, Lenders and Procurement Teams

VNBIS provides a comprehensive analysis of LAM SON SUGAR CANE JOINT STOCK CORPORATION, covering ownership, solvency indicators, operational behavior and long-term sustainability. The VNBIS Company Comprehensive Report offers deeper insight into financial stability and business performance. For investors, lenders and buyers seeking clarity before forming partnerships, GET THE FULL AND CUSTOMIZED REPORT AT www.vnbis.com