MC TRADING COMPANY LIMITED: A High-Volume Trader with a Lean Financial Footprint

Nestled in Village 2, Duc Lieu Commune, Bu Dang District, Binh Phuoc Province, MC TRADING COMPANY LIMITED (CÔNG TY TNHH MC TRADING) presents a unique case in Vietnam’s trading sector. Operating under Business ID and Tax Code 3801166161, this is a one-member limited liability company that officially began operations on January 24, 2018, and remains an active enterprise overseen by the Binh Phuoc Department of Planning and Investment.

Founded and fully owned by Ms. Ta Ngoc Mai, who also serves as the company’s Director, MC Trading has remained a privately controlled entity with 100% Vietnamese ownership. Its charter and paid-up capital stood at USD 397,965 as of the end of 2023. Despite its modest asset base, the company’s revenue scale is striking, bringing in more than USD 210.57 million in total sales during the year—placing it among high-turnover players in the commodity and trade brokerage space.

MC Trading specializes in the business of commission agents, brokers, and auction services, meaning it likely acts as an intermediary in bulk transactions rather than managing physical inventory or owning product lines. This business model explains its asset-light structure, where total assets in 2023 were only USD 413,483, up slightly by 1.53%compared to 2022. The company’s owner’s equity and net worth match this figure exactly, suggesting it operates with a tightly controlled balance sheet and limited external debt or liabilities.

In terms of profitability, MC TRADING COMPANY LIMITED recorded a modest net profit of USD 5,994 in 2023, representing a 16.05% increase over the previous year. However, what stands out more than profit growth is the dramatic contraction in revenue—sales plummeted by 53.93% compared to 2022 when the company posted over USD 457 million in turnover. This downturn could reflect changes in the commission-based trading environment, reduced contract volumes, or broader volatility in the commodities the company brokers.

While financial indicators such as working capital and equity remain positive, the extremely thin profit margins suggest that MC Trading operates in a highly competitive and perhaps low-margin niche, where scale, speed, and network are more critical than asset accumulation. The company does not employ a large staff or operate with a diversified business model, which aligns with its structure as a commission-based intermediary.

In Vietnam’s fast-evolving trade and brokerage ecosystem, MC TRADING COMPANY LIMITED (CÔNG TY TNHH MC TRADING) is a telling example of how a company with relatively lean capital and infrastructure can still participate in high-volume trade flows. Its challenge moving forward will be to manage revenue volatility and turn transactional scale into sustainable margin growth in a sector where efficiency is everything.