TAY NINH SUGAR JOINT STOCK COMPANY

TAY NINH SUGAR JOINT STOCK COMPANY Vietnamese name: CÔNG TY CỔ PHẦN MÍA ĐƯỜNG TÂY NINH
Business ID: 3900243272. Head Office: No. 19, Vo Thi Sau Street, Ward 3, Tay Ninh City, Tay Ninh Province, Vietnam

TAY NINH SUGAR JOINT STOCK COMPANY has been operating since 23 May 2007 and has over 18 years of business presence in Vietnam’s agro-processing sector. The company’s primary line of business is milling and manufacturing of meal, positioning it within the agricultural and food processing value chain in Tay Ninh Province.

The company operates as a privately held entity with a charter capital and paid-up capital of USD 12.08 million. As of the latest available data, it employs 40 staff members. The General Director is TRAN C. L., supported by two Vice General Directors, NGUYEN V. C. and NGUYEN T. D., reflecting a locally managed executive structure.

From a financial perspective, the company’s total assets stood at approximately USD 11.72 million at the end of the latest fiscal year. Owner’s equity reached USD 11.62 million, indicating a capital structure largely supported by equity rather than excessive liabilities. However, revenue performance has shown significant volatility. Total sales declined sharply to around USD 4.1 million, representing a substantial year-on-year contraction. Profitability also weakened, with the company recording a net loss of approximately USD 327,687 for the period reviewed.

Over the three years presented in the report, assets decreased from over USD 39 million to USD 11.72 million, while sales fluctuated dramatically, including a surge followed by a steep drop. These movements suggest restructuring, operational scaling adjustments, or market-driven pressures within the sugar and milling industry. Despite the loss recorded, net worth remained relatively stable at approximately USD 11.36 million, indicating that the company still maintains a solid equity base.

In terms of ownership, a significant majority stake of 78.73% is held by THANH THANH CONG – BIEN HOA JOINT STOCK COMPANY, a major Vietnamese enterprise in the sugar sector. This strategic shareholder relationship may provide operational, supply chain, or financial support, reinforcing the company’s market linkage within the broader sugar industry.

Overall, TAY NINH SUGAR JOINT STOCK COMPANY remains an active enterprise with a long operating history and strong equity backing, though recent financial performance reflects notable revenue contraction and losses. For investors, suppliers, and financial institutions, close monitoring of revenue recovery, working capital efficiency, and operational restructuring will be critical when assessing credit exposure or partnership decisions.