With over two decades of operation, THANH THANH DAT COMPANY LIMITED (Business ID: 2900491266) has grown into a significant player in Vietnam’s wood processing, construction, and logistics sectors. Based in Vinh City, Nghe An Province, the company has developed a diversified portfolio, ranging from veneer and plywood production to ocean freight services and real estate development.

Legal Structure and Corporate Background

Formed on January 30, 2002, THANH THANH DAT is a privately held limited liability company co-owned by Mr. Tran Quang Luan and Ms. Cao Thi Thanh, each holding 50% ownership. The company operates under the Vietnamese name CÔNG TY TNHH THANH THÀNH ĐẠT, and, notably, does not register an official English name in its business license.

The company is registered with the Nghe An Province Department of Planning and Investment and maintains three branches across Nghe An and Ha Tinh provinces. It employs 2,000 people, signaling a sizable workforce for the region.

Financial Overview: Stability Amid Volatility

In 2023, THANH THANH DAT COMPANY LIMITED posted the following financial results:

• Total assets rose marginally by 3.07% to USD 95.89 million.

• Sales dropped sharply by 31.11% to USD 83.71 million, following an unusually high base in 2022.

• Net profit turned negative at USD -233,313, a downturn after posting over USD 2.7 million in profit the previous year.

• Owner's equity remained relatively stable at USD 50.96 million, showing only a slight dip of 0.75%.

The company also recorded negative working capital of USD -1.17 million, indicating potential cash flow pressures despite the high asset base.

Business Scope: From Forests to Freight

THANH THANH DAT’s core activities include the manufacture of veneer, plywood, and veneer panels, alongside wood chips, structural steel, and construction materials. Additionally, it is involved in afforestation for paper, livestock farming, non-ferrous metal mining, and ocean freight using its own fleet.

This broad business mix reflects the company’s effort to diversify revenue streams, but also poses management challenges, especially during downturns in specific sectors such as construction or timber exports.

Transparency and Verification

In an environment where risk assessment is key for international and domestic partners, THANH THANH DAT COMPANY LIMITED is featured in VBI’s company reports—offering verified insights into ownership, financials, credit risk, and operational scope. Businesses and investors seeking clarity on Vietnamese enterprises, whether in wood manufacturing, forestry, or logistics, can rely on Vanguard Business Information LLC (VBI) for accurate and timely reports.

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