NEDSPICE PROCESSING VIETNAM LIMITED

NEDSPICE PROCESSING VIETNAM LIMITED, Business ID 3700227650, is a long-established FDI enterprise located in Hoa Lan Quarter, Thuan Giao Ward, Thuan An City, Binh Duong Province. Established on 26 September 2007, the company has grown into one of Vietnam’s key processors and exporters of high-quality spice products—most notably pepper, cinnamon, anise, turmeric, garlic, and onion.

Its strategic focus on agricultural raw materials positions the company at the intersection of Vietnam’s competitive advantages: abundant spice production, global export demand, and expanding processing technology. Governance is led by Alphons J. J. M. Van Gulick (Chairman) and Josephus J. P. Van Gulick (General Director), both Dutch nationals, reinforcing Nedspice’s identity as a fully foreign-owned operation under NEDSPICE HOLDING BV (Netherlands), which owns 100 per cent of the company.

Operational Footprint and Industry Role

As a processor of spices and agricultural food ingredients, NEDSPICE plays a critical role in the global supply chain. The company sources raw materials from Vietnam’s major growing regions and adds value through cleaning, grinding, sterilization, packaging, and international distribution.

With approximately 500 employees, the company has grown into a major employer in Binh Duong’s food-processing industry. The company’s product mix—pepper being the main commodity—connects it to global export markets where demand fluctuates with harvest cycles, global food manufacturing trends, and commodity price cycles.

Financial Performance and Risk Perspective

The financial statements in the attached report show a company that experienced both expansion and volatility:

Key 2024 Financial Highlights

• Total Assets: USD 88.46 million (▲ 28.36%)

• Sales: USD 136.12 million (▲ 47.57%)

• Working Capital: USD 19.26 million (▲ 3.94%)

• Equity: USD 24.31 million (▲ 0.38%)

• Profit: USD 3.23 million (▼ 31.43%)

Nedspice’s sales expansion in 2024 is significant—nearly 50 per cent year-on-year—reflecting increased export activity and improved supply chain conditions. The asset base also grew substantially, likely due to inventories or investments in production capacity.

However, despite higher revenue, profitability dropped sharply by 31.43 per cent. This decline often signals:

• Rising input costs (e.g., raw pepper prices),

• margin compression due to international competition,

• higher logistics expenses,

• or unfavorable contract pricing during commodity cycles.

For a food-processing exporter, these fluctuations are consistent with market realities but still represent meaningful financial risk for partners who require stability or long contract cycles.

The company’s equity growth slowed dramatically to just 0.38 per cent, suggesting that retained earnings did not significantly strengthen the capital base during the year. While operations remain healthy, the narrowing capital buffer should be carefully evaluated by prospective lenders and long-term procurement partners.

Ownership and Governance Considerations

NEDSPICE PROCESSING VIETNAM is wholly owned by NEDSPICE HOLDING BV (Netherlands), as shown in the shareholding section (page 2).
This structure provides:

• Clear governance oversight,

• integration into a global supply chain,

• and strong operational standards typically associated with European food-safety regulations.

At the same time, full foreign ownership also means strategic decisions—including profit repatriation, capital injections, or restructuring—are made at the group level abroad. Partners should consider this dynamic when assessing long-term commitments.

Why Independent Credit and Risk Assessment Matters

Despite its strong market presence and growing scale, the company’s financial volatility underscores the importance of independent verification. Export-oriented agricultural processors face exposure to:

• Commodity price cycles,

• currency risks,

• climate-driven supply fluctuations,

• and global logistics disruptions.

For investors, importers, banks, and procurement teams seeking reliable due diligence, VNBIS (Vanguard Business Information LLC) provides comprehensive risk assessments, litigation checks, credit evaluations, and financial analytics to support confident decision-making when engaging with companies like NEDSPICE PROCESSING VIETNAM LIMITED.