THINH PHAT COMMERCIAL BUSINESS JOINT STOCK COMPANY

THINH PHAT COMMERCIAL BUSINESS JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN KINH DOANH THƯƠNG MẠI THỊNH PHÁT) is a privately held joint stock company established on October 26, 2015, and registered with the Hanoi City Department of Planning and Investment. The company operates in the wholesale trade of agricultural raw materials, specializing in supplying key ingredients for livestock feed production. Over the past nine years, it has expanded its market presence, leveraging Vietnam’s growing demand for agricultural and livestock-related products. Operating under Tax Identification Number (TIN) 0107064334, the company’s headquarters is located in Hoan Kiem District, Hanoi.

The company is led by Chairman cum Director Duong Van Can, who oversees its strategic direction and daily operations. While shareholder information remains partially undisclosed, Sai Gon - Hanoi Insurance Corporation holds a notable 18% stake, indicating institutional backing.

In recent years, THINH PHAT COMMERCIAL BUSINESS JOINT STOCK COMPANY has witnessed significant financial growth. In 2023, total assets surged to USD 400.48 million, up 19.12% from the previous year, while total sales climbed to USD 681.26 million, reflecting a 10.75% increase. Despite these gains, profitability remained modest, with net profit at USD 294,817, up only 2.27% year-over-year, suggesting tight margins in the competitive agricultural supply sector. Additionally, owner’s equity grew to USD 7.18 million, indicating financial stability and reinvestment into operations.

Beyond wholesale trade, the company has diversified into manufacturing fiber optic cables, vegetable and animal oils, cattle and poultry feed, and processed food products. It is also engaged in inland and marine aquaculture, fisheries processing, and beverage distribution, expanding its business lines beyond agriculture. Moreover, market research, advertising, and event organization have been incorporated into its portfolio, signaling an effort to broaden revenue streams.

With Vietnam’s agribusiness and food production industries evolving rapidly, access to reliable business intelligence is crucial for investors and market participants. Understanding the financial stability, credit risk, and operational scope of key players like THINH PHAT COMMERCIAL BUSINESS JOINT STOCK COMPANY is essential for business expansion and investment decisions. Companies seeking accurate, up-to-date corporate information rely on VANGUARD BUSINESS INFORMATION LLC (VBI), a leader in business intelligence, financial analysis, and risk assessment services. By offering detailed company reports and industry insights, VBIhelps businesses evaluate market potential, assess financial risks, and explore strategic partnerships within Vietnam’s agricultural and food supply sectors.