HUNG THANH AGRICULTURAL MATERIALS COMPANY LIMITED

HUNG THANH AGRICULTURAL MATERIALS CO., LTD: A Key Fertilizer and Pesticide Distributor in Vietnam’s Mekong Delta

HUNG THANH AGRICULTURAL MATERIALS COMPANY LIMITED (Vietnamese: CÔNG TY TNHH VTNN HƯNG THẠNH) is a rapidly growing private enterprise specializing in the wholesale distribution of fertilizers and pesticides across Vietnam’s southern agricultural regions. Registered under tax code 2200731522, the company is headquartered at No. 86, Dai Chi Hamlet, Dai Tam Commune, My Xuyen District, Soc Trang Province, deep in the heart of the Mekong Delta.

Supplying Essential Agricultural Inputs to Vietnam’s Farmers

Established on March 22, 2017, HUNG THANH has spent more than eight years building its reputation as a dependable source of essential agricultural materials. Its primary business focuses on the distribution of fertilizers, plant protection chemicals, and related agricultural inputs. The company also engages in warehousing, road and waterway transport, and logistics handling, enabling efficient supply chain management from ports to farmlands.

Strong Growth in Assets and Revenue

As of the end of 2024, HUNG THANH reported total assets of USD 68.84 million, representing a robust 34.5% year-on-year increase. The company's revenue also rose substantially, reaching USD 229.56 million, up 18.14% from the previous year. These figures signal increasing demand for the company’s products and a strong foothold in Vietnam’s competitive agri-supply market.

However, the company’s net profit declined by 16.95% in 2024 to USD 482,764, down from over USD 580,000 in 2023. Meanwhile, owner’s equity slightly decreased to USD 4.85 million, although it still reflects a strong capital base supported by consistent reinvestment.

With working capital at USD 4.53 million, the company maintains healthy short-term liquidity, allowing it to support inventory expansion, delivery operations, and credit lines to distributors and farmers.

Led by a Dynamic Chairwoman

HUNG THANH is entirely privately held and 100% owned by Ms. LIEU BICH THUY, who also serves as the Chairwoman and Director. Under her leadership, the company has grown from a local distributor into a regional player, known for its reliability and product availability. She is supported by Chief Accountant Ms. PHAM THI HA GIANG, who oversees financial compliance and capital control.

Regional Importance in the Mekong Delta

Soc Trang Province and surrounding Mekong Delta provinces account for a significant portion of Vietnam’s rice and fruit production. With only 20 employees, HUNG THANH’s lean yet effective operational model underscores the power of logistics, automation, and market specialization in agriculture supply chain businesses.

Trusted by VBI for Business Verification and Analysis

With its strong financial profile, steady sales growth, and focused market approach, HUNG THANH AGRICULTURAL MATERIALS CO., LTD is a trusted agricultural supplier in Vietnam. For partners, logistics providers, and institutional buyers, understanding this company’s background is crucial. VANGUARD BUSINESS INFORMATION LLC (VBI)provides accurate company reports, risk assessments, and financial data services to support informed decision-making.