MINH HUY COMPANY LIMITED (CÔNG TY TNHH MINH HUY) is a privately held limited liability company with over 27 years of operational history, officially registered under Business ID and Tax Code 3600278732. Its head office is located at No. 528, 21 Thang 4 Street, Xuan Binh Ward, Long Khanh City, Dong Nai Province, Vietnam. The company operates primarily in the post-harvest processing and trading of agricultural products, notably coffee for export and corn for the domestic market. With a strategic base in Dong Nai and a branch in Suoi Tre Industrial Park, MINH HUY COMPANY LIMITED remains active and engaged in both domestic and international trade activities.

The company is led by Mr. Nguyen M. B., who serves as Chairman cum Director and is the principal shareholder with a 90.91% ownership stake. The two remaining shareholders are Ms. Nguyen M. Hanh and Ms. Nguyen T. M. He, each holding 4.55%. Such concentrated ownership may raise questions about corporate governance, decision-making transparency, and succession planning, especially when credit or strategic partnerships are involved. Financial oversight is managed by Mr. Tran V. D., the company’s Chief Accountant.

Financially, MINH HUY COMPANY LIMITED presents a mixed but largely stable profile. In 2023, the company reported total assets of USD 46.44 million, marking a significant 40.2% increase year-over-year after a notable decline in 2022. However, sales dropped sharply by 22.72%, falling to USD 73.65 million from over USD 95 million the previous year. This contraction in revenue could reflect market volatility, weakening export demand, or operational inefficiencies. Despite this, the company managed to improve profitability, posting a 20.13% increase in net profit, reaching USD 343,160. Its working capital rose slightly to USD 10.92 million, and owner’s equity continued a gradual upward trajectory to USD 12.53 million.

While the overall equity base and asset growth are positive signs, the declining revenue and historically volatile profitability highlight potential risks for suppliers and financial institutions. Liquidity remains relatively healthy, but the small net profit margin and dependency on a narrow shareholder base warrant careful monitoring. Moreover, the firm’s diversified registration in areas such as electric power generation, construction, machinery trading, warehousing, and even property trading may indicate an overextension beyond its core strength in agriculture. This level of diversification—without clarity on revenue contribution from each segment—poses strategic risk.

MINH HUY COMPANY LIMITED has proven resilient and maintains a solid position in Vietnam’s agricultural processing industry. However, from a risk management standpoint, caution should be exercised in granting extended credit or entering long-term agreements without additional financial disclosure and verification. A full company risk assessment remains advisable to better understand the operational, financial, and legal exposure tied to this firm.