TIEN PHAT NONG COMPANY LIMITED

TIEN PHAT NONG COMPANY LIMITED, known in Vietnamese as Công Ty TNHH Tiến Phát Nông, is a privately held, one-member limited liability company operating in Vietnam’s agricultural trading heartland. Established on October 18, 2011, and based at No. 235 Nguyen Hue Street, Ward 1, Soc Trang City, Soc Trang Province, the company has emerged as a fast-growing name in the wholesale trade of rice, wheat, and other cereals.

The business is fully owned by Mr. Lam V. S., with day-to-day operations managed by Director Mr. Vo Q. B.. Despite having only four employees, TIEN PHAT NONG has demonstrated scale and agility rarely seen in companies of its size.

In 2023, the company reported USD 117.78 million in sales, more than doubling the previous year’s revenue. Profit rose by over 70%, reaching USD 154,986, while total assets soared to USD 15.54 million, up more than 400% from the year before. Working capital and equity both reached USD 1.52 million, signaling financial stability and reinvestment capacity.

This strong performance showcases the company’s ability to leverage Vietnam’s rice-growing advantages while efficiently managing costs and logistics. However, the sharp contrast between revenue and modest equity also suggests a capital-light model that may be sensitive to price volatility, cash flow timing, or credit cycles.

TIEN PHAT NONG’s trajectory reflects both opportunity and challenge: a lean structure delivering impressive volume, yet requiring careful financial monitoring and risk management. As Vietnam’s grain trade evolves, the company is well-positioned to grow further—especially with continued access to capital, expanded supplier networks, and digitalized trading platforms.

For stakeholders seeking reliable partners in Vietnam’s agricultural supply chain, TIEN PHAT NONG represents a compelling example of rapid growth, local expertise, and entrepreneurial focus.