No. 100 Trieu Quoc Dat, Dien Bien Ward, Thanh Hoa City, Thanh Hoa Province, Vietnam
84-237 / 3852 409
(84-237) 3850 527
2020, 2021, 2022, 2023, 2024
MIEN NUI GROUP JOINT STOCK COMPANY (Công Ty Cổ Phần Tập Đoàn Miền Núi) is a publicly held enterprise established in 2010 and registered with the Thanh Hoa Department of Planning and Investment under Business ID 2800119738. The company is headquartered at No. 100 Trieu Quoc Dat, Dien Bien Ward, Thanh Hoa City, and operates multiple branches throughout remote districts in Thanh Hoa Province, including Muong Lat, Quan Son, and Quan Hoa. Its core business lies in the wholesale of fuels and related products, but it also engages in diverse sectors such as supermarket retail, fertilizer distribution, construction materials, food, tobacco, and textiles.
Led by Chairman Nguyen T. Q. and General Director Nguyen H. L., the company employs a workforce of 330 people and has a registered charter capital of approximately USD 3.53 million.
However, the financial performance of MIEN NUI GROUP JOINT STOCK COMPANY in 2024 raises substantial concerns. Total revenue collapsed by nearly 69% to just USD 51.93 million, compared to USD 165.68 million the previous year. Likewise, total assets dropped by 12.85%, down to USD 22.44 million. Even more critically, owner’s equity shrank by 75.25%, leaving the company with only USD 206,185 in equity at year-end.
The company has now reported three consecutive years of net losses, although the figure narrowed slightly in 2024 to USD -620,306. Still, with a negative net worth of USD -4.22 million and negative working capital of nearly USD 8.9 million, the company appears to be under severe financial distress. Despite a wide array of registered business activities, its operational effectiveness is highly questionable, and its financial sustainability appears to be at risk.
Given the rapid erosion in equity, collapsing revenue base, and continued operating losses, any commercial engagement or partnership with MIEN NUI GROUP JOINT STOCK COMPANY should be approached with extreme caution. Unless the company presents a clear turnaround plan with verified capital backing, the financial and performance risks associated with this entity are considered high.
Legal Profile
MIEN NUI GROUP JOINT STOCK COMPANY
CONG TY CO PHAN TAP DOAN MIEN NUI
2800119738
06 Aug 2010
Thanh Hoa Department of Planning and Investment
Publicly held
Active
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