THOAI SON FOOD ONE MEMBER COMPANY LIMITED

THOAI SON FOOD ONE MEMBER COMPANY LIMITED is a privately held enterprise specializing in the trading and wholesale of rice and agricultural commodities in Vietnam. Officially incorporated on December 23, 2011, under Business ID 1601623071, the company operates as a one-member limited liability company. Its head office is strategically located in Son Lap Hamlet, Oc Eo Commune, An Giang Province—a region known for its fertile rice-growing lands and significant contribution to Vietnam’s agricultural exports.

The company is a 100% subsidiary of Loc Troi Group Joint-Stock Company, a well-established agricultural group in Vietnam. Registered with the An Giang Department of Planning and Investment, THOAI SON FOOD ONE MEMBER COMPANY LIMITED has built a strong distribution network in rice trading and supports agricultural production activities. Its registered operations also extend to food retail, crop production services, warehousing, and agricultural machinery manufacturing.

The company is led by Mr. Le V. Q., who serves as the Chairman, with operational oversight supported by Mr. Nguyen Q. T., Factory Director, and Mr. Huynh V. T., Chairman of the Board of Directors. Together, this leadership team brings local expertise in agricultural value chains and rural economic development.

Despite its long-standing presence and integration with the local farming community, the company has faced recent financial challenges. In 2024, THOAI SON FOOD ONE MEMBER COMPANY LIMITED reported total sales of approximately USD 47.04 million—a significant 63.63% decline compared to the previous year. Total assets dropped to USD 12.35 million, while profit remained negative at USD -940,229. Owner’s equity was also in deficit, recorded at USD -3.6 million. Although the company experienced a 41.01% improvement in profit compared to 2023, these figures reflect ongoing financial difficulties. Negative working capital of over USD 10 million further indicates liquidity constraints that may impact operations if not strategically addressed.

Nonetheless, the company maintains an active status and remains a key player in the local rice trade. Backed by a strong parent company, it has the potential to restructure and recover amid Vietnam's growing food export market.

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