TUONG NGUYEN IMPORT EXPORT TRADING SERVICE COMPANY LIMITED

TUONG NGUYEN IMPORT EXPORT TRADING SERVICE COMPANY LIMITED (CÔNG TY TNHH THƯƠNG MẠI-DỊCH VỤ-XUẤT NHẬP KHẨU TƯỜNG NGUYÊN): Regional Heavyweight with Signs of Slowing Profitability

TUONG NGUYEN IMPORT EXPORT TRADING SERVICE COMPANY LIMITED (CÔNG TY TNHH THƯƠNG MẠI-DỊCH VỤ-XUẤT NHẬP KHẨU TƯỜNG NGUYÊN), commonly known as CTY TNHH TM-DV-XNK TƯỜNG NGUYÊN, has emerged as a major force in Vietnam’s southern wholesale fertilizer and commodity trade. With over USD 271 million in annual revenue and assets surpassing USD 110 million, the company plays a critical role in the logistics and agricultural input chain in the Mekong Delta region.

Officially registered with Business ID and Tax Code 1400683063, TUONG NGUYEN IMPORT EXPORT TRADING SERVICE COMPANY LIMITED was established on November 20, 2008, and has remained active for over 16 years. The company’s head office is located at No. 318, Hung Vuong Street, Hong Ngu City, Dong Thap Province, a strategic position for cross-border and river-based transport near Cambodia.

Financial Overview: Big Numbers, Smaller Margins

In 2023, the company reported USD 271.09 million in revenue, which marks an 18.07% decrease from 2022. Although sales remain strong, the most alarming figure is the sharp drop in net profit—down 92.79% year-over-year to just USD 260,958, despite steady equity growth.

This raises critical questions about the company’s cost controls, operational efficiency, and possibly tightening margins across the fertilizer and agricultural trade segments.

That said, owner’s equity continues to increase, reaching USD 24.46 million, and net worth stands at USD 24.29 million, indicating that the company is not over-leveraged. Its working capital of USD 21.59 million confirms the business retains liquidity to operate comfortably in the short term.

Corporate Structure and Leadership

TUONG NGUYEN IMPORT EXPORT TRADING SERVICE COMPANY LIMITED is a privately held limited liability company. The Chairman, Mr. Pham Tan Tung, holds 36% of shares, while Ms. Le Thi Hoa, who also serves as Director, owns the majority 64%. The company employs 150 staff and operates with a fully paid-up charter capital of USD 20.54 million—a figure aligned with its operating scale.

Broad Industry Footprint

While the firm’s core business revolves around fertilizer trading, its registered operations also include post-harvest processing, construction, property trading, freight transport, and even mining of chemical and fertilizer minerals. This diversified registration may allow the company to pivot quickly based on commodity price trends and regulatory environments, but it can also blur strategic focus.

Verify Before You Partner: Business Due Diligence Is Critical

Given the recent decline in profit despite high revenue and asset figures, potential partners should conduct comprehensive due diligence. VANGUARD BUSINESS INFORMATION LLC (VBI) offers powerful tools to mitigate risk and ensure informed decision-making:

• 🔍 Company Verification Services: Instantly confirm the legitimacy, legal status, and registration details of TUONG NGUYEN IMPORT EXPORT TRADING SERVICE COMPANY LIMITED or any Vietnamese firm.

• 📊 Private Financial Data Supply: Access structured, verified, and up-to-date financial insights beyond public filings.

• ⚖️ Company Litigation Checks: Investigate any past or pending legal disputes involving the company.

• 📉 Risk Analysis & Credit Ratings: Know the creditworthiness of your future business partner before you sign.

Final Thoughts

TUONG NGUYEN IMPORT EXPORT TRADING SERVICE COMPANY LIMITED is clearly a market giant in terms of scale, revenue, and reach in Vietnam's agro-industrial network. However, the dramatic decline in profitability during 2023 should prompt close scrutiny from suppliers, customers, and financial institutions. In high-volume sectors like fertilizers, profits are often razor-thin—and a small misstep in operations or pricing can have a major impact.

Before engaging in any partnership or credit-based transaction, ensure you’re equipped with reliable information. VBI offers the data backbone businesses need to make safe, strategic decisions in the Vietnamese market.