VIMAFLOUR WHEAT FLOUR MANUFACTURING COMPANY LIMITED (CÔNG TY TNHH SẢN XUẤT BỘT MỲ VIMAFLOUR): A Resilient FDI Player in Vietnam’s Grain Processing Sector

VIMAFLOUR WHEAT FLOUR MANUFACTURING COMPANY LIMITED (Vietnamese: CÔNG TY TNHH SẢN XUẤT BỘT MỲ VIMAFLOUR) stands as a prominent foreign-invested enterprise in Vietnam’s food processing industry. Established on 01 September 1994, the company operates under Business ID: 5700101210 and is headquartered in Cai Lan Industrial Park, Bai Chay Ward, Ha Long City, Quang Ninh Province. VIMAFLOUR is a joint venture between Malayan Flour Mills Berhad (Malaysia, 70%) and Vietnam Northern Food Corporation (Vietnam, 30%), combining international expertise and domestic market insight.

With over three decades of continuous operation, VIMAFLOUR has grown into one of the leading producers of wheat flour and related by-products in Vietnam. Its operations are supported by branches in both Hanoi and Da Nang, ensuring a broad national presence.

In 2023, the company generated USD 185.37 million in revenue, representing a 5.87% year-on-year growth. However, its net profit fell sharply by 34.79% to USD 7.37 million, signaling possible cost pressures or margin compression in a competitive market. Despite this, total assets rose to USD 124.23 million, and owners’ equity remained stable at USD 65.18 million, reflecting a fundamentally sound balance sheet. The company also maintained working capital of USD 43.43 million, offering strong short-term financial resilience.

Under the leadership of General Director Mr. HUYNH DUC CHINH and Chief Accountant Ms. NGUYEN HUYEN TRAN, VIMAFLOUR continues to diversify its operations. Its registered activities span the milling of wheat, animal feed manufacturing, and the wholesale of cereals and agricultural materials. The firm is increasingly focused on value-added processing and supply chain efficiency to maintain competitiveness.

From a credit and business risk perspective, VANGUARD BUSINESS INFORMATION LLC (VBI) rates VIMAFLOUR as a moderately low-risk enterprise with strong capital backing and an established industry position. However, declining profit margins in 2023 serve as a cautionary note, suggesting that operational efficiency and input cost control will be vital to maintaining profitability in the coming years.

For clients, investors, or suppliers seeking deeper insights, VBI offers a comprehensive Company Financial Report, including due diligence analysis and ESG compliance evaluations. Access the full report or request a tailored credit assessment via vnbis.com.