THAI NGUYEN INVESTMENT AND IMPORT EXPORT COMPANY LIMITED

THAI NGUYEN INVESTMENT AND IMPORT EXPORT COMPANY LIMITED (short name: INTRACO THAI NGUYEN) is a privately held limited liability company established in 2007, operating out of Thai Nguyen Province, Vietnam. Registered under Business ID 4600421159, the company primarily sells metals and metal ores, serving as a trading intermediary in a sector known for cyclical price volatility and tight supply-demand dynamics.

Led by LE T. T. H., who also holds a 16% ownership stake, the company’s shareholder base is concentrated among six Vietnamese individuals, including LE T. T., NGUYEN V. T., and LE T. T. H. The company employs just 21 people—an unusually lean structure for a business that reported more than USD 121.6 million in revenue in 2023. This suggests a highly transactional business model, likely reliant on third-party logistics and supplier relationships

In terms of financials, INTRACO THAI NGUYEN recorded strong top-line growth in 2023, with revenue increasing by 52.41%. However, this expansion came on the back of two consecutive years of net losses. Profit finally returned to the black in 2023 at USD 163,263, a modest figure considering the high revenue base. Total assets slightly decreased to USD 59.99 million (down 1.88%), and equity remained stable at USD 23.32 million, showing little recovery from prior declines.

This uneven financial trajectory signals underlying risks. The company went from a combined loss of nearly USD 1.6 million in 2021–2022 to a narrow profit in 2023, raising questions about sustainability. Additionally, working capital remains thin at USD 1.74 million, which could stress liquidity during downturns or delays in receivables.

The company's heavy reliance on commodity trading, limited workforce, and volatile profitability profile make it highly sensitive to market disruptions and margin pressure. For any stakeholders or counterparties, careful credit assessment and monitoring of financial health are advised before entering into significant contracts or extending trade credit.

For a deeper, data-backed evaluation, including financial ratios, payment behavior, and legal risk disclosures, you are encouraged to obtain the full report from VNBIS.COM.