TIEN THANH LIMITED COMPANY (CÔNG TY TNHH TIẾN THÀNH) is a long-established Vietnamese enterprise operating in the synthetic rubber and plastics manufacturing sector. Founded in 1995 and headquartered in Tân Biên District, Tây Ninh Province, the company has nearly three decades of operational history. Registered under Business ID 3900235320, it operates as a privately held limited liability company with a charter capital of approximately USD 5.1 million, fully paid up as of the end of 2023. The company currently employs 110 staff and maintains an additional branch in Tân Châu District, Tây Ninh.

The primary business activity of TIEN THANH CO., LTD is the production of artificial rubber in primary forms, serving the industrial and manufacturing supply chains. Its secondary lines include metal forming, machining, and equipment repair. The firm also engages in wholesale distribution of agricultural raw materials, industrial machinery, and plastic products, contributing to a diversified yet vertically integrated operation.

Financially, TIEN THANH CO., LTD presents a mixed risk profile. In 2023, the company reported sales revenue of USD 175.96 million, marking a 22.68% decline from the previous year, likely reflecting reduced market demand or pricing pressures. At the same time, total assets decreased by 28.92%, falling to USD 34.55 million, which may indicate asset divestment or conservative balance sheet adjustments.

Despite the shrinking asset base and revenue decline, net profit increased modestly by 4.65% to USD 309,488, and owner’s equity rose by 4.2% to USD 7.65 million, suggesting operational stability and improved cost control. Furthermore, the company maintained a positive working capital of USD 5.21 million, indicating sound liquidity for its ongoing obligations.

Ownership is concentrated among three Vietnamese individuals: Mr. Nguyễn Văn Thành (Director, 45% ownership), Ms. Lương Thị Lan (30%), and Mr. Nguyễn Mạnh Khương (25%). This structure may offer decision-making agility but also underscores the importance of monitoring related-party risks and governance dynamics.

From a Business Verification Services and Credit Risk Monitoring perspective, TIEN THANH CO., LTD exhibits qualities of a resilient medium-sized manufacturer with reliable operations and balanced financial management. However, the company’s decline in revenue and total assets over two consecutive years should not be overlooked. For stakeholders and trading partners, VANGUARD BUSINESS INFORMATION LLC recommends conducting further due diligence, including access to Private Financial Data, Vietnam Litigation Reports, and Risk Management Services, especially if extending credit or engaging in long-term procurement.

In summary, TIEN THANH LIMITED COMPANY continues to operate profitably within its sector, supported by solid liquidity and operational continuity. Nevertheless, recent financial contractions signal the need for strategic recalibration and warrant closer attention from potential investors, partners, and suppliers seeking transparency and risk mitigation.