BLUE OCEAN IMPORT EXPORT COMPANY LIMITED

BLUE OCEAN IMPORT EXPORT COMPANY LIMITED (Vietnamese name: CÔNG TY TNHH XUẤT NHẬP KHẨU ĐẠI DƯƠNG XANH) is a long-established Vietnamese agribusiness enterprise specializing in rice processing, milling, and export trading. The company was registered on 06 October 2007 under Business Registration Number / Tax ID: 0305237892, and operates as a limited liability company. Its head office is located in Ho Chi Minh City, while its core processing capacity is anchored in the Mekong Delta, with factories and branches in Can Tho and Dong Thap—Vietnam’s most important rice-producing regions.

Blue Ocean’s business model is firmly rooted in the physical supply chain of rice, spanning from milling and processing to domestic trading and exports. Unlike asset-light trading firms, the company maintains a tangible industrial footprint, employing around 80 workers and operating multiple licensed facilities. Ownership and management are highly concentrated, with Huynh V. K. serving as both Director and controlling shareholder, giving the company a clear founder-led governance structure.

From a financial perspective, Blue Ocean demonstrates strong revenue scale relative to its balance sheet size. In 2023, the company generated approximately USD 90.9 million in sales, continuing a multi-year upward trend. However, profitability tightened significantly, with net profit declining sharply to about USD 0.23 million, reflecting the thin margins and price volatility typical of the rice export sector. At the same time, equity continued to grow, suggesting retained earnings and a conservative capital structure.

Overall, Blue Ocean represents a volume-driven, export-oriented rice processor, operating in a competitive and cyclical agricultural market where scale, logistics control, and working-capital discipline are decisive factors for sustainability rather than headline profit margins.