NEW HOPE HANOI CO.,LTD

NEW HOPE HANOI CO.,LTD (CÔNG TY TRÁCH NHIỆM HỮU HẠN NEW HOPE HÀ NỘI) is a foreign direct investment (FDI) enterprise operating in the field of animal feed manufacturing in Vietnam. Since its establishment on June 6, 2008, the company has built a strong presence in the northern region of the country, particularly through its main facility located in Sai Dong B Industrial Park, Long Bien District, Hanoi. Over the past 16 years, NEW HOPE HANOI CO.,LTD has become a key player in the production of nutritional feed for cattle, poultry, and aquatic animals, serving Vietnam’s fast-growing agricultural and livestock industries.

By the end of 2023, NEW HOPE HANOI CO.,LTD had accumulated total assets of USD 48.59 million, a slight decrease of 7.02% compared to 2022. However, the company managed to maintain solid revenue growth, with annual sales reaching USD 222.84 million—up 6.06% year-over-year. Despite this growth in sales, the company's profit plummeted to zero, a stark contrast from the USD 10.83 million recorded in 2022. This sharp decline indicates operational challenges or margin pressures that may have impacted its financial performance during the year. Nonetheless, the company’s equity rose to USD 25.76 million, showing a 7.41% increase, which suggests continued shareholder commitment and capital strength.

With approximately 800 employees, NEW HOPE HANOI CO.,LTD operates not only in Hanoi but also through branch facilities in Hai Phong, Bac Giang, and Thanh Hoa. These strategically located plants support the company’s regional distribution capabilities and enhance its access to Vietnam's key agricultural zones. NEW HOPE SINGAPORE PTE holds the entire ownership of the company. LTD., indicating its position as a fully foreign-owned subsidiary within a broader international group. The company's leadership includes General Director Mr. Li Xuejiu and Deputy General Director Mr. Wang Bo, both of Chinese nationality.

The operational model of NEW HOPE HANOI CO., LTD focuses on the manufacturing and wholesale of agricultural raw materials and animal feeds. This positions the company at the heart of Vietnam’s animal husbandry and aquaculture industries, both of which are vital to the country’s food security and export economy. In addition to feed production, the company is also involved in wholesale trade of agricultural inputs and waste materials, allowing it to diversify its revenue streams and optimize resource use.

Despite experiencing a year without profit in 2023, NEW HOPE HANOI CO.,LTD remains an important contributor to Vietnam’s agricultural supply chain. The company’s consistent revenue growth and expansion through multiple industrial zones reflect strong market demand and solid distribution networks. Moving forward, a focus on cost efficiency, margin recovery, and innovation in feed formulas could help the company restore its profitability while strengthening its competitive edge in the Vietnamese market.

In summary, NEW HOPE HANOI CO.,LTD continues to play a vital role in Vietnam’s feed manufacturing industry. With a history of steady growth, a well-established presence across northern Vietnam, and the backing of an international parent company, it is well-positioned to recover from recent profit setbacks and maintain its influence in the region’s agricultural landscape.