THANH THANH CONG TRADING JOINT STOCK COMPANY

THANH THANH CONG TRADING JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN THƯƠNG MẠI THÀNH THÀNH CÔNG), registered under Business ID 3700594361, is one of Vietnam’s notable players in the wholesale food and logistics sectors. With its main transaction office located at No. 253, Hoang Van Thu Street, Ward 2, Tan Binh District, Ho Chi Minh City, and registered at Lot D, Song Than 1 Industrial Park, Di An, Binh Duong Province, the company is a key subsidiary of the renowned Thanh Thanh Cong Group (TTC Group).

In 2023, the company recorded revenue of USD 186.66 million, reflecting a 5.76% year-over-year increase, suggesting healthy market demand for its diversified offerings—from food (poultry, pork, beef, sugar, soybeans) to ethanol and packaging logistics. Despite its revenue rebound from a sharp fall in 2022, its net profit dropped by 28.78% to just USD 223,242, signaling increasing pressure on cost management or declining margins in its main business lines.

Total assets slightly improved by 1.4% to USD 94.01 million, while owner’s equity decreased by 1.88% to USD 19.77 million, and net worth dropped to USD 16.36 million. In contrast, working capital more than doubled, rising to USD 8.12 million, which is a positive sign for short-term liquidity and operational resilience.

Ms. HO THI PHUONG THAO, who serves as the Chairwoman, leads a company with more than 20 years of experience in the market. The firm is privately held, with majority ownership (85.21%) belonging to THANH THANH CONG INVESTMENT JSC (CÔNG TY CP ĐẦU TƯ THÀNH THÀNH CÔNG). This strong backing ensures the group’s integrated presence in Vietnam’s agribusiness, logistics, and real estate.

What sets Thanh Thanh Cong Trading apart is its diverse business portfolio, which includes not only food trading and ethanol but also real estate brokerage, electrical installation, construction finishing, and retail. While diversification can be a strength, it also raises concerns about strategic focus and resource allocation, particularly when core profit margins are under pressure.

From a risk management standpoint, VANGUARD BUSINESS INFORMATION LLC (VBI) encourages credit and procurement partners to closely monitor the company’s declining profitability, despite its stable asset base and liquidity. VBI’s specialized Company Reports, Due Diligence Services, and Industry Benchmarks offer valuable insights to mitigate exposure and support informed decision-making when dealing with conglomerates like CÔNG TY THƯƠNG MẠI THÀNH THÀNH CÔNG.

For those navigating Vietnam’s competitive and regulation-sensitive food and logistics sectors, Thanh Thanh Cong Trading JSC remains a key player—but one that must optimize operations and manage costs more effectively to protect its long-term value.