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THIET LAP CO., LTD

Active

Business ID 1500441413

84-270 / 3962 722

THIET LAP CO., LTD

Active

Business ID 1500441413

84-270 / 3962 722

THIET LAP CO., LTD

Active

Summary

Name:

THIET LAP CO., LTD

Business ID (TIN):

1500441413

Date of Registration:

20 May 2005

Registered Office:

Vinh Long Province Department of Finance

Address:

Lot A3, Hoa Phu Industrial Park, Phuoc Hoa Hamlet, Vinh Long Province, Vietnam

Phone:

84-270 / 3962 722

Financial Statement:

2020, 2021, 2022, 2023, 2024

THIET LAP CO., LTD (CÔNG TY TRÁCH NHIỆM HỮU HẠN THIẾT LẬP) is a dynamic Vietnamese private company operating in the food manufacturing sector, with a particular focus on flour milling and related agro-processing activities. Established in May 2005 and headquartered in Lot A3, Hòa Phú Industrial Park, Vĩnh Long Province, the company has more than two decades of experience in agricultural value chains. As of 2023, it employed 125 workers and maintained full legal and financial compliance under Business ID and Tax Code 1500441413.

Legally structured as a limited liability company, THIET LAP CO., LTD has a charter and paid-up capital of approximately USD 6.16 million. The company is majority-owned by Ms. Đỗ Ngọc Thanh, who serves as Chairwoman and holds 68% of the ownership. The remaining 32% is held by Ms. Hoàng Thị Minh Hiếu. The company’s executive management includes Mr. Vương Gia Tuệ as Director and Ms. Trần Ngọc Hiền as Chief Accountant.

From a financial standpoint, 2023 was a year of impressive top-line growth, but profitability weakened. The company’s total revenue rose significantly to USD 176.89 million, up 62.2% from the previous year. Total assets also surged by 83.19%, reaching USD 42.89 million, indicating large-scale investments or expanded operations. Owner’s equity climbed modestly to USD 8.28 million, an 11.45% year-over-year increase.

However, despite these positive indicators, net profit dropped sharply by 57.08% to USD 1.37 million, suggesting margin compression. This decline in profitability, amid robust sales growth, may be attributed to rising input costs, lower pricing power, or increased operational expenses. The company still posted a positive working capital of USD 4.05 million, indicating sound short-term liquidity, which is essential for sustaining daily operations.

THIET LAP CO., LTD is active across a wide range of food and agricultural processing lines, including starches, noodles, animal feed, frozen seafood, meat, and fruit products. It also has registered activities in logistics, warehousing, inland freight transport, and agricultural cultivation. This diverse business model provides both revenue security and market resilience, particularly in Vietnam’s rapidly evolving agro-industry.

In conclusion, THIET LAP CO., LTD presents the profile of a fast-growing, well-established enterprise with a solid asset base and strong market reach. The company’s main challenge in the near term lies in restoring profitability to match its expanded scale, through tighter cost control and efficiency improvements. With its strategic positioning in Vietnam’s Mekong Delta—a region crucial to the country’s food supply chain—the company is well-positioned to capitalize on future growth opportunities in both domestic and export markets.

Legal Profile

English Name:

THIET LAP CO., LTD

Vietnamese Name:

CÔNG TY TRÁCH NHIỆM HỮU HẠN THIẾT LẬP

Short Name:

THIET LAP CO., LTD

Business ID (TIN):

1500441413

Date of Registration:

20 May 2005

Registered Office:

Vinh Long Province Department of Finance

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ DONG M.H.D

+ VUONG G.T

+ TRAN N.H

Address:

Lot A3, Hoa Phu Industrial Park, Phuoc Hoa Hamlet, Vinh Long Province, Vietnam

Phone:

84-270 / 3962 722

Business Sector

Key business lines:

VSIC:

1061 Milling and manufacture of meal

NACE:

10.61 Manufacture of grain mill products

Industry Sales Growth

CAGR (2019 - 2023)

22.02%

YoY (2023)

35.80%

Companies by industry

Company distribution and propportions

1,911

0.0657%

Key Industry Players

Top 10 companies in milling and manufacture of meal industry

(translated name) vimaflour wheat flour manufacturing company limited thiet lap co., ltd golden wheat joint stock company gia international corporation phat tai company limited. thanh tin service and trade company limited (translated name) duong vu company limited cj foods vietnam company limited orient rice co.,ltd dai tai hi-tech farming joint stock company

Payment History

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Financial Performance

Assets	-48.79%
Owner’s Equity	-74.85%
Working Capital	-34.87%
Net Worth	74.95%
Sales	-82.28%
Operating income	-89.88%
EBIT	31.28%
Gross Profit Margin	-60.71%
Debt to EBITDA	80.27%

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Specific Questions About THIET LAP CO., LTD

When did THIET LAP CO., LTD start operating?

THIET LAP CO., LTD was started in 20 May 2005

What industry does THIET LAP CO., LTD operate in?

THIET LAP CO., LTD is operating in "Milling and manufacture of meal" industry

How can I contact THIET LAP CO., LTD?

THIET LAP CO., LTD phone numbers is 84-270 / 3962 722

What adverse news is there about THIET LAP CO., LTD?

THIET LAP CO., LTD’s has no negative news

What is stock symbol of THIET LAP CO., LTD?

THIET LAP CO., LTD is not listed company

Where is the location of THIET LAP CO., LTD?

THIET LAP CO., LTD is located at Lot A3, Hoa Phu Industrial Park, Phuoc Hoa Hamlet, Vinh Long Province, Vietnam

What is THIET LAP CO., LTD’s business registration?

THIET LAP CO., LTD business registration is 1500441413

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