MNS FEED COMPANY LIMITED

MNS FEED COMPANY LIMITED: A Major FDI in Vietnam’s Animal Feed Industry Faces Operational Dissolution

MNS FEED COMPANY LIMITED (Vietnamese name: CÔNG TY TNHH MNS FEED) is a foreign direct investment (FDI) enterprise that once played a significant role in Vietnam’s agricultural sector, particularly in the manufacturing of animal feed. Established on March 7, 2017, this one-member limited liability company was registered with the Department of Planning and Investment of Dong Nai Province under Business ID: 3603447499.

Legal Status and Leadership

Operating for over eight years, MNS FEED COMPANY LIMITED was legally structured with a charter capital of USD 296.78 million, which was fully paid as of December 31, 2023. The company’s General Director, Mr. Johan Christiaan Van Den Ban, a Dutch national, oversaw operations. Despite its scale and capital, the company is currently listed with an operational status of “Dissolution”, marking a significant shift in its trajectory.

Business Activities and Expansion

MNS FEED COMPANY LIMITED was engaged in the manufacture of feed for cattle, poultry, and aquatic animals, and was known for its popular brands “Anco” and “Proconco.” Its business portfolio extended across various sectors, including wholesale of agricultural materials, pig and poultry farming, and processing of fisheries and starch products. The company maintained its registration address at Lot A4, Road No. 4, Song May Industrial Park, Bac Son Commune, Trang Bom District, Dong Nai Province, with a transaction office in Thu Thiem Ward, Thu Duc City, Ho Chi Minh City.

Financial Performance Overview

Despite showing promising growth in sales, MNS FEED COMPANY LIMITED encountered significant financial volatility:

• Total assets dropped from USD 441.49 million in 2022 to USD 387.56 million in 2023 (a 12.22% decline).

• Owner's equity fell by 14.58% year-over-year, totaling USD 308.34 million by the end of 2023.

• The company reported sales revenue of USD 233.97 million in 2023, marking a substantial 225.32% increase from the prior year.

• However, it suffered a net loss of USD 50.15 million in 2023, a drastic reversal from its USD 39.69 million profit in 2022.

These figures indicate that although MNS FEED COMPANY LIMITED scaled up its sales rapidly, the company was unable to maintain profitability, ultimately contributing to its decision to dissolve operations.

Conclusion

MNS FEED COMPANY LIMITED’s story is a cautionary example of how rapid expansion, even with significant foreign investment and growing revenues, can be overshadowed by poor financial outcomes and operational challenges. While the dissolution status suggests the end of one chapter, the legacy of its feed brands and the infrastructure it helped establish in Vietnam’s feed manufacturing sector may continue to impact the industry. Businesses seeking insights into financial risks and operational resilience can look to VANGUARD BUSINESS INFORMATION LLC (VBI) for detailed company verification and risk assessment services.