TRUNG AN HI-TECH FARMING JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN NÔNG NGHIỆP CÔNG NGHỆ CAO TRUNG AN), tax code 1800241736, is a publicly listed agribusiness based in Can Tho, Vietnam, with more than 28 years of experience in rice milling, processing, and exports. Headquartered at 649A, National Highway 91, Qui Thanh 1 Area, Trung Kien Ward, Thot Not District, Can Tho City, the company is listed on the Hanoi Stock Exchange under the ticker symbol TAR and is one of the few private-sector players in Vietnam’s rice sector with nationwide brand recognition.

Founded in 1996, the company is led by Chairwoman Le T. T. and General Director Pham T. B., both of whom are also the top individual shareholders, collectively holding nearly 48% of the company. With a workforce of 400 and multiple factories located across Thot Not District in Can Tho City, TRUNG AN has positioned itself as a key supplier of high-quality rice for both domestic consumption and international export.

In 2024, the company reported USD 174.01 million in revenue, a 13.6% increase from the previous year. While this confirms strong market demand and growth momentum, TRUNG AN surprisingly posted a net loss of USD 2.39 million, following a profitable 2023 in which earnings reached over USD 3.48 million. The reversal in profitability, representing a 168.6% drop year-on-year, underscores serious cost pressures or operational inefficiencies despite strong sales performance.

Total assets stood at USD 107.41 million, only slightly down by 0.85% from 2023, while equity rose to USD 48.97 million, up 10.8%. The company’s working capital also improved significantly, reaching USD 24.31 million, which supports short-term liquidity despite its annual net loss. These mixed financials make TRUNG AN a prime subject for risk management and deeper business verification, especially for investors and lenders dealing with Vietnam's private financial data.

TRUNG AN’s core business remains centered on the milling and trading of rice. Still, its registered operations span various unrelated sectors—from real estate to wastewater treatment, hazardous waste collection, and even restaurant services. This diversification raises questions about strategic focus, though it may reflect common practice among Vietnamese corporations to secure multiple business licenses for flexibility.

Shareholding is divided between Le T. T. (25.14%), Pham T. B. (22.57%), and a broad pool of other investors (52.29%), reflecting both strong family leadership and public investment. The company’s long-term ambitions remain rooted in enhancing Vietnam’s agricultural value chain, especially as the country’s rice exports become more quality-driven and regulated.

Despite the financial loss in 2024, TRUNG AN HI-TECH FARMING JOINT STOCK COMPANY continues to represent one of Vietnam’s most ambitious agribusinesses. The company holds strategic relevance with growing brand recognition, export capability, and increasing demand for Vietnamese rice in international markets. However, turning that strategic position into consistent profit will require disciplined cost control, operational efficiency, and strategic narrowing of its business focus.