TUAN LOC COMMODITIES COMPANY LIMITED

TUAN LOC COMMODITIES COMPANY LIMITED (Vietnamese: CÔNG TY TNHH TUẤN LỘC COMMODITIES) has quickly gained visibility in Vietnam’s food commodity trading industry, yet behind the impressive revenue growth lies a concerning profitability crisis. Established on July 11, 2019, and registered under Business ID and Tax Code 3603655273, this one-member limited liability company is headquartered in Binh Thanh District, Ho Chi Minh City, with its registration address in Nhon Trach Industrial Park, Dong Nai Province.

Backed by NHON TRACH 6A INVESTMENT CONSTRUCTION INDUSTRIAL ZONE COMPANY LIMITED as its sole shareholder, TUAN LOC COMMODITIES COMPANY LIMITED has demonstrated staggering revenue growth since inception. In 2023, the company posted USD 389.22 million in sales, up 68.05% year-on-year, following an even more dramatic leap of 1,792% in 2022. Its total assets ballooned to USD 126.23 million, reflecting a 44.74% annual increase.

However, the financial health of TUAN LOC COMMODITIES COMPANY LIMITED tells a more troubling story. Despite the explosive growth in sales, the company reported a net loss of USD 5.2 million in 2023 — a complete reversal from its modest profits in the previous years. The loss represents a shocking -171,237% decline year-on-year, raising serious questions about cost control, operational efficiency, and financial management.

Furthermore, owner's equity fell by 6.67% to USD 15.24 million, suggesting that retained earnings were wiped out and potentially eroded by operational losses. While working capital remains positive at USD 8.24 million, the sustainability of operations could be challenged if profitability does not stabilize.

Led by General Director Mr. NGUYEN DUC TUAN VINH, TUAN LOC COMMODITIES COMPANY LIMITED operates in a broad range of sectors, with a core focus on green coffee purchasing and processing. Its registered business lines extend far beyond food into construction materials, machinery, fuels, and even electronics—indicating a highly diversified but possibly scattered operational model.

The company currently employs around 100 staff, a lean workforce for its scale of operations, suggesting either heavy automation or outsourcing, but also hinting at potential internal strain.

While TUAN LOC COMMODITIES COMPANY LIMITED stands out as a fast-rising private enterprise in Vietnam’s commodity market, the steep financial losses cast a shadow over its rapid expansion. Stakeholders should proceed with careful financial due diligence and seek verified business insights through VANGUARD BUSINESS INFORMATION LLC (VBI) before engaging further.