THANH LE CORPORATION

THANH LE CORPORATION, known locally as TỔNG CÔNG TY THƯƠNG MẠI XUẤT NHẬP KHẨU THANH LỄ - CTCP (THALEXIM), is a publicly held joint stock company operating across petroleum trading, real estate, and financial investment. Established in 2010, the company is headquartered in Thu Dau Mot City, Binh Duong Province, with additional branches in Ho Chi Minh City and Binh Duong Industrial Park.

According to Vanguard Business Information LLC (VBI), THANH LE CORPORATION reported total assets of USD 376.78 million in 2023, marking a 13.7% increase from the previous year. However, the company faced a decline in total sales by 21.85%, reaching USD 818.94 million, indicating market instability or reduced demand in key business sectors. Despite this, profits surged by 180.34% to USD 4.97 million, suggesting effective cost management or high-margin investments.

Led by Chairman Doan Minh Quang and General Director Pham Thi Bang Trang, the company employs 475 staff members and remains a significant player in Binh Duong’s economic landscape. THANH LE CORPORATION operates in three core areas: fuel trading, real estate development, and financial investments, diversifying its business to minimize risks and maximize revenue streams.

Despite its diversified business model, the company faces major challenges. VBI’s financial risk analysis highlights that declining sales and negative working capital (-USD 9.51 million) could pressure the company’s liquidity and operational stability. The company’s ownership structure, with 36% controlled by the Binh Duong People’s Committee and 16% by Sunflower Trading - Service - Equipment Co., Ltd, may also introduce governance complexities and strategic decision-making constraints.

 VBI recommends strengthening liquidity management, improving supply chain efficiency, and expanding high-growth sectors such as real estate and investments to maintain financial sustainability. THANH LE CORPORATION has strong regional influence, but its ability to navigate declining revenues and optimize capital utilization will be crucial for long-term growth.