THANH BINH AGRICULTURAL PRODUCTS IMPORT-EXPORT COMPANY LIMITED

THANH BINH AGRICULTURAL PRODUCTS IMPORT-EXPORT COMPANY LIMITED (CÔNG TY TNHH MTV XUẤT NHẬP KHẨU NÔNG SẢN THANH BÌNH) is an active enterprise operating in the coffee manufacturing sector in Vietnam’s Central Highlands. Founded on September 25, 2019, and headquartered in Village 1, Ea Ktur Commune, Cu Kuin District, Dak Lak Province, the company has been in business for more than five years and is officially registered under Business ID 6001668961.

The company is structured as a one-member limited liability company and is wholly owned and directed by Mr. Hoang Thanh Binh, a Vietnamese national. With a charter capital of USD 205,415, fully paid as of the end of 2023, THANH BINH AGRICULTURAL PRODUCTS IMPORT-EXPORT COMPANY LIMITED has managed to operate in one of Vietnam’s most important agricultural zones, known for its robust coffee export sector.

While the company reported a total revenue of USD 314.31 million in 2023, up 6.63% from the previous year, its financial health presents serious concerns. It suffered a net loss of USD 12.8 million, bringing its owner’s equity down to negative USD 12.59 million. This significant deterioration from positive equity in 2022 indicates major financial instability, which is further emphasized by a working capital deficit of USD -12.64 million. These figures suggest the company may be under financial distress, despite strong top-line sales.

The company's total assets dropped sharply from USD 37.04 million in 2022 to USD 15.57 million in 2023, marking a decline of nearly 58%. This asset shrinkage, coupled with mounting liabilities, resulted in a complete erosion of net worth. The operational structure appears to be highly leveraged or under intense cash flow pressure, potentially due to poor cost control, debt servicing issues, or revenue recognition delays.

THANH BINH AGRICULTURAL PRODUCTS IMPORT-EXPORT COMPANY LIMITED focuses exclusively on coffee manufacturing, which is reflected in both its main and registered business activities. While its business scope is tightly concentrated, its large revenue scale hints at active export operations or high-volume domestic trade. However, without diversified revenue streams or clear evidence of capital reinvestment, the company’s long-term solvency remains questionable.

VANGUARD BUSINESS INFORMATION LLC (VBI) strongly advises any clients or stakeholders considering transactions with THANH BINH AGRICULTURAL PRODUCTS IMPORT-EXPORT COMPANY LIMITED to proceed with caution. A full financial risk assessment, review of outstanding liabilities, and verification of trade credit practices are recommended. VBI offers detailed litigation checks, payment behavior analysis, and operational background screenings that can help minimize exposure to companies in financially unstable conditions.