PHAT TAI COMPANY LIMITED.

PHAT TAI Company Limited, headquartered in Dong Thap Province, Vietnam, has been a consistent presence in the rice processing and trading sector for nearly three decades. Founded on January 29, 1996, the company has evolved into a key player in the Mekong Delta’s agricultural economy, contributing significantly to the rice value chain. With its main facility located along National Highway 80 in Lap Vo District, PHAT TAI is strategically positioned in one of Vietnam’s most important rice-producing regions, which enables it to maintain close connections with local farmers, streamline procurement, and ensure consistent supply for both domestic and international markets.

In 2023, the company posted an impressive sales figure of USD 189.18 million, marking a remarkable 86.51% year-over-year growth, showcasing its ability to scale operations and capture rising market demand. Despite this revenue spike, the company's net profit was relatively modest at USD 6,985, down nearly 50% from the previous year. This slim margin reflects the inherent challenges of the rice trading industry, including price volatility, high competition, and tight operating costs. Notably, PHAT TAI's working capital was in the negative at the end of 2023, which may raise questions about liquidity management and short-term financial planning.

The company’s total assets were recorded at USD 28.15 million, a slight drop from the previous year, while owner’s equity rose to USD 6.58 million, indicating some reinforcement of its capital base. With 150 employees and a registered charter capital of approximately USD 6.98 million, PHAT TAI remains a privately held enterprise, with leadership tightly controlled by the founding family. Mr. Le Phat Long, who holds 80% of the shares, serves as both Chairman and Director, with his sons Le Phat Dat and Le Phat Tai owning the remaining 20%, thereby maintaining the firm’s family-run nature and centralized governance.

Beyond its core focus on rice processing and trade, PHAT TAI has diversified its business portfolio to include agricultural machinery manufacturing, feed production, construction projects, inland freight transport, and post-harvest services. This diversification aligns with the company's long-term strategy of building a vertically integrated operation capable of withstanding sector-specific shocks and sustaining value across multiple supply chain points. Its registered activities also cover aquaculture, fuel wholesale, and preservation of fishery products, reflecting its adaptability and ambition to tap into complementary markets within the agriculture and food sector.

With its official website (www.phattairice.com.vn), PHAT TAI enhances its digital presence and offers a portal for customers and partners to explore its products and services. Despite the challenges in profit margins and working capital, the company's significant sales growth and expanded operational scope underscore its importance in the Vietnamese rice export ecosystem.

Looking ahead, PHAT TAI Company Limited has the potential to elevate its position as a leading rice exporter from Vietnam if it can implement stronger financial controls, optimize profit margins, and invest in infrastructure and innovation. With its legacy, regional advantage, and market connectivity, the company is well placed to capitalize on growing global demand for Vietnamese agricultural products and contribute to the sustainable development of the country's food supply chain.