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PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JOINT STOCK COMPANY

Active

Business ID 3600234534-008

84-225 / 3629 802

PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JOINT STOCK COMPANY

Active

Business ID 3600234534-008

84-225 / 3629 802

PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JOINT STOCK COMPANY

Active

Summary

Name:

PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JOINT STOCK COMPANY

Business ID (TIN):

3600234534-008

Date of Registration:

06 Aug 2012

Registered Office:

Hai Phong City Department of Finance

Address:

CN2.1A, Dinh Vu Industrial Park, Belongs to Dinh Vu - Cat Hai Economic Zone, Dong Hai Ward, Hai Phong City, Vietnam

Phone:

84-225 / 3629 802

Financial Statement:

2020, 2021, 2022, 2023, 2024

Legal Overview:
PROCONCO Hai Phong is a branch of the Vietnamese - French Cattle Feed Joint Stock Company (TIN: 3600234534-008), legally registered with the Hai Phong Department of Planning and Investment on August 6, 2012. Though it operates as a branch (and therefore does not have separate charter capital), it functions as a significant production and business unit of the parent company, fully owned under the 100% Vietnamese holding entity. The branch is located in CN2.1A, Dinh Vu Industrial Park, Dinh Vu - Cat Hai Economic Zone, Dong Hai 2 Ward, Hai An District, Hai Phong City, Vietnam.

Key Personnel:
The branch is managed by Mr. Hoang Chuong, who serves as the Director. He oversees a workforce of 186 employees, directing operations in livestock, poultry, and aquatic feed manufacturing.

Financial Assessment (in USD):

Indicator	2022	2023	2024	YoY 2024
Total Assets	28.28 million	39.49 million	45.62 million	+15.51%
Owner’s Equity	15.49 million	25.61 million	33.45 million	+30.61%
Sales Revenue	128.19 million	124.65 million	100.24 million	-19.58%
Net Profit	5.47 million	10.12 million	7.84 million	-22.52%
Working Capital	N/A	N/A	2.93 million	▼

Credit Analysis:

The financial performance of PROCONCO Hai Phong in 2024 presents a mixed but generally stable profile. On one hand, the company continues to show solid asset growth (+15.51%) and a strong equity expansion (+30.61% YoY), underlining capital reinvestment and balance sheet strength. With equity now standing at over USD 33.45 million, the branch demonstrates a solid capital buffer.

However, the significant drop in sales revenue (down 19.58%) compared to 2023 is a notable risk factor. This decline could reflect challenges in market demand, raw material cost volatility, or supply chain constraints. Furthermore, net profit declined by over 22%, signaling potential margin pressures. Despite the profit downturn, the company still retained a healthy USD 7.84 million in earnings, indicating that it remains profitable and can meet its obligations.

Working capital, while positive at USD 2.93 million, has sharply declined (down more than 80% YoY), raising some concern about short-term liquidity management. This could affect the company’s ability to finance day-to-day operations, especially in a capital-intensive sector like animal feed production.

Credit Recommendation:

Given the company’s strong equity position, consistent profitability, and long-standing operational history (over 12 years), a credit line of USD 1,000 is considered low risk and acceptable. However, due to the decline in both sales and profit, it is advised to monitor the company closely for signs of further weakening in revenue trends or liquidity.

Before extending larger credit facilities, further evaluation by VANGUARD BUSINESS INFORMATION LLC (VBI)is recommended. VBI’s continuous monitoring, verification, and financial risk tools can help ensure ongoing stability and reduce exposure to short-term disruptions in this volatile industry.

Legal Profile

English Name:

PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JOINT STOCK COMPANY

Vietnamese Name:

CHI NHÁNH CÔNG TY CỔ PHẦN VIỆT - PHÁP SẢN XUẤT THỨC ĂN GIA SÚC PROCONCO HẢI PHÒNG

Short Name:

PROCONCO HAI PHONG

Business ID (TIN):

3600234534-008

Date of Registration:

06 Aug 2012

Registered Office:

Hai Phong City Department of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ JOHAN C.V.D.B

+ HOANG C

+ JOHAN C.V.D.B

Address:

CN2.1A, Dinh Vu Industrial Park, Belongs to Dinh Vu - Cat Hai Economic Zone, Dong Hai Ward, Hai Phong City, Vietnam

Phone:

84-225 / 3629 802

Business Sector

Key business lines:

VSIC:

1080 Manufacture of feeds for cattle, poultry and aquatic animals

NACE:

10.91 Manufacture of prepared animal feeds

NAICS:

31111 Animal Food Manufacturing

Industry Sales Growth

CAGR (2019 - 2023)

5.81%

YoY (2023)

0.24%

Companies by industry

Company distribution and propportions

2,761

0.0950%

Key Industry Players

Top 10 companies in manufacture of feeds for cattle, poultry and aquatic animals industry

cargill vietnam company limited uni-president vietnam co., ltd dabaco group japfa comfeed vietnam limited company cj vina agri co., ltd. de heus llc greenfeed viet nam corporation c.p. vietnam corporation emivest feedmill vietnam company limited sheng long bio - tech international co., ltd

Payment History

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Financial Performance

Assets	-31.82%
Owner’s Equity	86.67%
Working Capital	-59.01%
Net Worth	-68.14%
Sales	-34.75%
Operating income	-53.60%
EBIT	1.16%
Gross Profit Margin	-97.02%
Debt to EBITDA	-42.03%

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Specific Questions About PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JOINT STOCK COMPANY

When did PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JSC start operating?

PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JSC was started in 06 Aug 2012

What industry does PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JSC operate in?

PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JSC is operating in "Manufacture of feeds for cattle, poultry and aquatic animals" industry

How can I contact PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JSC?

PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JSC phone numbers is 84-225 / 3629 802

What adverse news is there about PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JSC?

PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JSC’s has no negative news

What is stock symbol of PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JSC?

PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JSC is not listed company

Where is the location of PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JSC?

PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JSC is located at CN2.1A, Dinh Vu Industrial Park, Belongs to Dinh Vu - Cat Hai Economic Zone, Dong Hai Ward, Hai Phong City, Vietnam

What is PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JSC’s business registration?

PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JSC business registration is 3600234534-008

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PROCONCO HAI PHONG BRANCH OF VIETNAMESE - FRENCH CATTLE FEED JOINT STOCK COMPANY