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LAM THAO FERTILIZERS AND CHEMICALS JOINT STOCK COMPANY

Active

Business ID 2600108471

84-210 / 3825139 / 3825140

LAM THAO FERTILIZERS AND CHEMICALS JOINT STOCK COMPANY

Active

Business ID 2600108471

84-210 / 3825139 / 3825140

LAM THAO FERTILIZERS AND CHEMICALS JOINT STOCK COMPANY

Active

Summary

Name:

LAM THAO FERTILIZERS AND CHEMICALS JOINT STOCK COMPANY

Business ID (TIN):

2600108471

Date of Registration:

29 Dec 2009

Registered Office:

Phu Tho Province Department of Planning and Investment

Ticker:

LAS

Address:

Phuong Lai Zone, Lam Thao Town, Lam Thao District, Phu Tho Province, Vietnam

Phone:

84-210 / 3825139 / 3825140

Fax:

(84-210) 3825126

Financial Statement:

2020, 2021, 2022, 2023, 2024

LAM THAO FERTILIZERS AND CHEMICALS JOINT STOCK COMPANY: A Legacy Enterprise at the Edge of Relevance

LAM THAO FERTILIZERS AND CHEMICALS JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN SUPE PHỐT PHÁT VÀ HOÁ CHẤT LÂM THAO), known under its stock symbol LAS, has been a household name in Vietnam’s fertilizer industry for decades. Located in Phuong Lai Zone, Lam Thao Town, Phu Tho Province, and registered under tax code 2600108471, the company commands historical respect as one of the country’s oldest producers of phosphate and NPK fertilizers. But legacy alone may no longer be enough.

With over 1,800 employees and charter capital of more than USD 46 million, LAM THAO is majority owned by Vietnam National Chemical Group, a state-owned conglomerate holding nearly 70 percent of its shares. The company’s leadership is headed by Chairman Nguyen Q. A. and General Director Pham T. T., both with longstanding tenures in Vietnam's chemical and agro-industrial sectors.

Financially, LAM THAO has shown modest growth but reveals an enterprise coasting rather than competing. Revenue reached USD 142.38 million in 2024, a marginal increase of just 0.74 percent from the prior year, after a 9 percent rise in 2023. Total assets have grown more robustly to USD 108.57 million, up 11.96 percent, and profit climbed 13.56 percent to nearly USD 6.93 million. However, these numbers lack the dynamism seen in the broader fertilizer and chemical sector, which is undergoing rapid modernization, digitalization, and green transformation.

The more pressing concern is strategic staleness. LAM THAO’s operations remain focused on traditional phosphate fertilizer production, with additional involvement in chemicals, feeds, and even side activities like vehicle leasing and minor hospitality ventures, many of which dilute its industrial identity. Without a clear innovation roadmap or visible reinvestment in sustainable technologies, the company risks falling behind more agile private competitors and foreign entrants.

Working capital remains healthy at over USD 44 million, and the company is not financially distressed. But from a risk management perspective, its stagnant sales growth, bureaucratic ownership structure, and limited adaptability pose long-term challenges. Investors and business partners examining Vietnam's private financial data would be wise to question whether this is a sleeping giant or a slowly fading one.

LAM THAO has the heritage, the manpower, and the infrastructure. What it now needs is not more of the same, but bold, inward-facing reform. Without strategic renovation from within, its proud past may not be enough to secure its future.

Legal Profile

English Name:

LAM THAO FERTILIZERS AND CHEMICALS JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN SUPE PHỐT PHÁT VÀ HOÁ CHẤT LÂM THAO

Short Name:

LAFCHEMCO

Business ID (TIN):

2600108471

Date of Registration:

29 Dec 2009

Registered Office:

Phu Tho Province Department of Planning and Investment

Ticker:

LAS

Ownership Status:

Invested by State-Owned Company

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN Q.A

+ PHAM T.T

+ NGUYEN Q.A

+ TRAN D.N

+ LE H.T

Address:

Phuong Lai Zone, Lam Thao Town, Lam Thao District, Phu Tho Province, Vietnam

Phone:

84-210 / 3825139 / 3825140

Fax:

(84-210) 3825126

Factory Address:

Cao An Commune, Cam Giang District, Hai Duong Province, Vietnam

Business Sector

Key business lines:

VSIC:

2012 Manufacture of fertilizers and nitrogen compounds

NACE:

20.15 Manufacture of fertilisers and nitrogen compounds

Industry Sales Growth

CAGR (2019 - 2023)

9.05%

YoY (2023)

-18.11%

Companies by industry

Company distribution and propportions

2,231

0.0767%

Key Industry Players

Top 10 companies in manufacture of fertilizers and nitrogen compounds industry

baconco co.,ltd agricultural products and materials joint stock company ha bac nitrogenous fertilizer & chemicals joint stock company lam thao fertilizers and chemicals joint stock company petrovietnam fertilizer and chemicals corporation bình điền fertilizer joint stock company dap - vinachem joint stock company petrovietnam ca mau fertilizer joint stock company ninh binh nitrogenous fertilizer ltd.company dap2 – vinachem joint stock company

Payment History

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Financial Performance

Assets	-63.59%
Owner’s Equity	-98.14%
Working Capital	-10.80%
Net Worth	-6.18%
Sales	-87.48%
Operating income	-85.30%
EBIT	92.43%
Gross Profit Margin	43.79%
Debt to EBITDA	-23.60%

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Specific Questions About LAM THAO FERTILIZERS AND CHEMICALS JOINT STOCK COMPANY

When did LAM THAO FERTILIZERS AND CHEMICALS JSC start operating?

LAM THAO FERTILIZERS AND CHEMICALS JSC was started in 29 Dec 2009

What industry does LAM THAO FERTILIZERS AND CHEMICALS JSC operate in?

LAM THAO FERTILIZERS AND CHEMICALS JSC is operating in "Manufacture of fertilizers and nitrogen compounds" industry

How can I contact LAM THAO FERTILIZERS AND CHEMICALS JSC?

LAM THAO FERTILIZERS AND CHEMICALS JSC phone numbers is 84-210 / 3825139 / 3825140

What adverse news is there about LAM THAO FERTILIZERS AND CHEMICALS JSC?

LAM THAO FERTILIZERS AND CHEMICALS JSC’s has 1 bad news

What is stock symbol of LAM THAO FERTILIZERS AND CHEMICALS JSC?

LAM THAO FERTILIZERS AND CHEMICALS JSC’s stock symbol is LAS

Where is the location of LAM THAO FERTILIZERS AND CHEMICALS JSC?

LAM THAO FERTILIZERS AND CHEMICALS JSC is located at Phuong Lai Zone, Lam Thao Town, Lam Thao District, Phu Tho Province, Vietnam

What is LAM THAO FERTILIZERS AND CHEMICALS JSC’s business registration?

LAM THAO FERTILIZERS AND CHEMICALS JSC business registration is 2600108471

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