THANG LONG TOBACCO COMPANY LIMITED

THANG LONG TOBACCO COMPANY LIMITED, a state-invested enterprise registered under Business ID 0100100054, remains one of Vietnam’s leading manufacturers of tobacco products. Officially founded in January 2006 through restructuring, but with operational roots tracing back to much earlier decades, the company today is based at No. 235 Nguyen Trai Street, Thanh Xuan District, Hanoi. It is a wholly owned subsidiary of the Vietnam National Tobacco Corporation (VINATABA), affirming its strategic position within the state-owned business sector. With a paid-up charter capital of USD 86.35 million, the company commands a significant presence both in the North and the South of Vietnam, supported by 1,630 employees across its Hanoi headquarters and Ho Chi Minh City branch.

According to the recent Company Report compiled by Vanguard Business Information LLC (VBI), THANG LONG TOBACCO COMPANY LIMITED posted robust financial figures in 2023. The company’s total assets rose to USD 315.29 million, a healthy 12.48% increase over the previous year. Revenue grew impressively by 16.48%, reaching USD 359.43 million, while profits also climbed by 13.78%, totaling USD 7.58 million. Despite its profitability, the owner's equity has remained stagnant at USD 86.35 million over the past three years, suggesting a conservative capital policy. Nevertheless, strong working capital of USD 33.92 million indicates a sound short-term financial position, a critical factor for Risk Management and partner evaluations. The company's financial stability, verified through VBI’s accurate Financial Data and Business Verification Service, makes it a noteworthy but complex player in the Vietnamese manufacturing landscape.

Beyond its current numbers, THANG LONG TOBACCO COMPANY LIMITED carries with it a colorful legacy from Vietnam’s centralized economy period, especially during the 1960s-1980s under the umbrella of CAOXALA — a conglomerate managing rubber (Cao su), soap (Xà phòng), and tobacco (Thuốc lá) industries in Hanoi. In those years, the tobacco sector was notoriously rife with both rigid bureaucratic procedures and numerous “funny stories” that became folklore among workers and local residents. Production inefficiencies, humorous internal competitions over cigarette quotas, and creative ways to 'comply' with centralized plans often defined the daily life of factories like this one. The spirit of improvisation and resilience from that era still echoes subtly through the culture of today’s company, despite modern corporate governance replacing much of the old style.

Today, led by Chairman Mr. Nguyen Quang Huy and Director Mr. Nguyen Huu Kien, with Ms. Vu Lan Huong as Deputy Director, THANG LONG TOBACCO COMPANY LIMITED blends state tradition with the demands of a more market-driven economy. However, its core product line—tobacco—remains inherently controversial, carrying health risks that no modern business image can completely obscure. Investors, business partners, and market analysts are advised to approach engagements with a nuanced understanding of both the company’s impressive revenue streams and the ethical considerations attached to its core business, a balance that thorough Risk Management assessments must address.

Accessing a detailed Company Report from trusted sources such as Vanguard Business Information LLC (VBI) offers invaluable insights into firms like THANG LONG TOBACCO COMPANY LIMITED, allowing for a fully informed evaluation of both financial opportunity and reputational risk in today's complex business environment.