META TRADING AND INVESTMENT JOINT STOCK COMPANY

META TRADING AND INVESTMENT JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN THƯƠNG MẠI VÀ ĐẦU TƯ META) is a rapidly expanding wholesale and trading enterprise headquartered at Hei Tower in Hanoi. Despite being established only in 2020, the company now manages a workforce of roughly 2,500 employees, an unusually large headcount for a firm operating in non-specialized wholesale trade.

META’s financial growth is striking. Total assets rose to USD 141.41 million in 2023, more than doubling year-on-year. Revenue also increased to USD 91.58 million, reflecting continuous expansion into import–export activities, metal product distribution, agricultural goods, feed ingredients, and other trading segments. Yet despite the strong rise in scale, profitability remains very slim. The company earned only USD 42,324 in profit, a sharp decline from the previous year.

This unusual gap between large operating volume and minimal profit raises important questions. Is META working with extremely thin margins to capture market share? Or is aggressive reinvestment temporarily suppressing earnings? The numbers suggest that while META’s business engine is growing fast, its financial efficiency has yet to stabilize.

Working capital improved to USD 5.08 million, a positive sign for liquidity, but relatively modest compared to the size of total assets. Equity also increased to USD 8.35 million, supported by additional capital strength, but still represents a small fraction of the company’s expanding balance sheet.

The company is led by Do M. A., who holds an 80 percent ownership stake, with Pham V. H. and Tran T. T. holding the remaining shares. This concentrated ownership model allows quick strategic shifts but also centralizes financial risk within a small group of individuals.

META’s business lines are notably diverse. Beyond its main wholesale functions, the company is licensed for manufacturing furniture, medical instruments, cosmetic and detergent products, and even offering factoring and risk-prevention services for international trade. Such a wide registration scope may indicate ambition for future diversification or a strategy to support various client demands under one umbrella.

For partners, suppliers, and investors, META is a company that invites closer examination. Its rapid scaling, large workforce, expanding revenue and extremely thin profits create a financial picture that is both impressive and puzzling. A detailed report from VNBIS would reveal whether META’s growth is structurally sustainable or driven by short-term expansion dynamics.