TRAVEL INVESTMENT AND SEAFOOD DEVELOPMENT CORPORATION

TRAVEL INVESTMENT AND SEAFOOD DEVELOPMENT CORPORATION (short name: TRI.SED.CO) is a publicly listed joint stock company specializing in fish meal, fish oil, and seafood by-product processing. Headquartered in Dong Thap Province, Vietnam, the company operates under Business ID 1600895650 and is listed on the Ho Chi Minh Stock Exchange (HOSE) with the stock symbol DAT.

Established in 2008, TRI.SED.CO has become a key component of Vietnam’s aquaculture and seafood value chain. Its core business includes producing and exporting fishery by-products, with additional ventures in property, accommodation, and food services. The company is majority-owned by I.D.I., the International Development and Investment Corporation, holding over 79% equity.

LE V. C. heads the leadership team as chairman,  LE V. L. as general director, and LE T. T. deputy chairman. The company maintains a lean workforce of around 80 employees, supported by facilities in Dong Thap and An Giang provinces.

In 2024, the company reported revenue of USD 120.72 million, remaining flat compared to previous years. However, net profit fell to USD 2.42 million, a 21.8% decline year-over-year. Despite the drop in earnings, equity rose to USD 37 million, reflecting retained earnings and asset rebalancing. Total assets decreased to USD 62.49 million, down 8.5% from 2023, while working capital stood at USD 24.45 million, indicating sufficient short-term liquidity.

As part of Vietnam’s thriving seafood industry, TRI.SED.CO plays a crucial role in sustainable aquaculture by converting fishery waste into high-value products. While profitability softened in 2024, the company’s stable revenue base and increasing equity highlight its potential for long-term resilience and growth in the sector.