NEW HOPE HANOI CO., LTD (CÔNG TY TRÁCH NHIỆM HỮU HẠN NEW HOPE HÀ NỘI), the company remains a vital force in Vietnam’s feed manufacturing landscape despite recent financial challenges. With its headquarters strategically located at Sai Dong B Industrial Park, Sai Dong Ward, Long Bien District, Ha Noi City, Vietnam, and operating under the business registration number (tax code) 0101044677, the company has cultivated a strong foothold in northern Vietnam's agribusiness ecosystem. Its extensive branch network across Hai Phong, Bac Giang, and Thanh Hoa enhances its production and distribution reach, enabling it to serve farmers and agribusinesses efficiently throughout the region.
In 2023, NEW HOPE HANOI CO.,LTD recorded total revenue of USD 222.84 million, continuing a pattern of modest but steady growth. This was an increase of over 6% compared to the previous year, signaling the company’s sustained market demand and operational consistency. However, a notable concern lies in the absence of recorded profit in 2023, following USD 10.83 million in net income the prior year. This sharp decline, paired with a 7.02% drop in total assets, reflects underlying challenges in cost management or potential volatility in raw material pricing and supply chains. Despite these issues, the company still managed to boost its owner’s equity to USD 25.76 million, suggesting that reinvestment and capital maintenance remained strong.
The continued support from its 100% foreign parent company, NEW HOPE SINGAPORE PTE. LTD. provides NEW HOPE HANOI CO., LTD. with financial stability and global expertise. This backing is crucial as the Vietnamese animal feed industry becomes increasingly competitive and regulated. The company’s ability to scale, manage large volumes, and adapt to changing nutritional and environmental standards will be essential for its long-term success. The tax code 0101044677, tied to its formal registration with the Hanoi Department of Planning and Investment, serves as a marker of its legitimacy and regulatory compliance in Vietnam.
With a workforce of 800 employees and a strong emphasis on feed quality and distribution logistics, NEW HOPE HANOI CO.,LTD is well-positioned to rebound from recent profit setbacks. Investment in innovation, diversification of its product lines, and closer collaboration with local farming communities may help the company regain profitability and reinforce its market leadership. Its core contribution to the livestock and aquaculture sectors not only supports Vietnam's food production goals but also aligns with the country’s broader economic strategy for rural development and agricultural modernization.
As it moves forward, NEW HOPE HANOI CO.,LTD is expected to continue leveraging its regional network, international parent company support, and operational expertise to remain a trusted partner for Vietnam’s agricultural producers. The company’s base in Hanoi and its official tax code 0101044677 ensure transparency and accessibility for both local and foreign stakeholders seeking to engage with one of Vietnam’s most established feed manufacturers.
-35.63%
-44.16%
4,991
0.1721%
Assets | 33.02% |
Owner’s Equity | -88.22% |
Working Capital | 20.49% |
Net Worth | 3.81% |
Sales | 55.53% |
Operating income | -51.67% |
EBIT | 22.20% |
Gross Profit Margin | -27.23% |
Debt to EBITDA | -73.44% |
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