USFEED COMPANY LIMITED

USFEED COMPANY LIMITED (CÔNG TY TRÁCH NHIỆM HỮU HẠN USFEED) is one of the longstanding players in Vietnam’s livestock-feed industry, operating from Sa Đéc Industrial Park in Đồng Tháp. After more than 18 years in business, the company has built a diversified portfolio spanning feed manufacturing, aquaculture-related activities, and agricultural raw-material distribution. Its official operation remains active, supported by a workforce of around 320 employees.

Legal Particulars That Matter to Credit Analysts

The company is registered as a one-member limited liability enterprise under Business ID 1400611291, with fully paid-up charter capital. Its head office is located at Lots II-2, II-3, II-4, and II-5, Section A1, Sa Đéc Industrial Park, An Hòa Ward, Sa Đéc City, Đồng Tháp Province.
USFEED also maintains a representative office in Hồ Chí Minh City, a detail that often signals active commercial engagement with southern markets and modern retail supply chains.

Key Personnel and Ownership: Concentration and Control

Management is led by Dao T. as General Director, supported by Pham T. K. N. as Deputy General Director and Tran Q. N. as Chief Accountant.
Notably, ownership is entirely in the hands of Pham T. K. N., who holds 100% of the equity. This centralized structure can facilitate quick decision-making, but it also means that operational performance heavily depends on the capability and governance discipline of a single principal shareholder.

Financial Performance: Stable Revenue but Shrinking Asset Base

USFEED’s financials present a mixed picture. Revenue in 2023 reached USD 89.28 million, a slight decline from the previous year, while total assets continued a downward trend for the second consecutive year. However, equity increased sharply by nearly 31%, and net profit rose by 57.7%, turning the company into a significantly more profitable operation than in 2022.

This combination – shrinking assets, lower sales, yet expanding profit and equity – raises questions about cost control, divestment activities, or improved margin management. For risk evaluators, the contraction in asset size should be closely monitored, especially when compared with working-capital demands in the feed industry, which is highly sensitive to raw-material price volatility.

Why Stakeholders Should Pay Attention

The feed sector is capital-intensive and heavily influenced by global commodity fluctuations. USFEED’s recovery in profitability is encouraging, yet its declining asset base suggests the need to review its long-term investment capacity and operational resilience. Lenders, suppliers, and insurers may want to examine the full VNBIS report to understand liquidity trends, short-term debts, related-party transactions, and competitive positioning in a crowded southern feed market.

For businesses looking to partner with USFEED or assess credit exposure, VNBIS provides deeper analytics, including multi-year ratios, credit risk alerts, and compliance verification, all updated directly from Vietnamese authorities.