NEW STAR FOOD PROCESSING JOINT STOCK COMPANY

NEW STAR FOOD PROCESSING JOINT STOCK COMPANY operates under the Vietnamese name CÔNG TY CỔ PHẦN CHẾ BIẾN LƯƠNG THỰC SAO MỚI and is a privately held agribusiness enterprise based in Can Tho City, the heart of Vietnam’s Mekong Delta rice belt. The company was established on 08 May 2020, has over five years of operating history, and remains active. Its Business ID / TIN is 1801668785, and the head office is located at Phu Tho Hamlet, Truong Xuan Commune, Can Tho City, Vietnam. 

NEW STAR FOOD focuses primarily on the wholesale and trading of rice and cereals, positioning itself as a volume-driven player in Vietnam’s domestic and export-oriented food supply chain. Despite its relatively young age, the company has expanded rapidly. In FY2024, total assets reached USD 34.6 million, while sales surged to USD 119.9 million, up 38.3% year on year. Profitability remains thin but improving, with profit after tax at USD 70,269, reflecting the low-margin nature of rice trading. A notable development is the sharp increase in owner’s equity to USD 6.4 million (+85.3% YoY), strengthening the company’s capital base.

The company is led by General Director Pham V. C., with financial oversight by Chief Accountant Pham T. Q. N.Shareholding is balanced among three Vietnamese shareholders, indicating a closely held but non-dominant ownership structure. Overall, NEW STAR FOOD PROCESSING JOINT STOCK COMPANY stands out as a fast-growing, asset-light rice trader, suitable for volume-based partnerships but requiring close attention to margin sustainability and working-capital management in a highly competitive agricultural market.