VAN DUC TIEN GIANG FOOD EXPORT COMPANY

VAN DUC TIEN GIANG FOOD EXPORT COMPANY (CÔNG TY TNHH CHẾ BIẾN THỰC PHẨM XUẤT KHẨU VẠN ĐỨC TIỀN GIANG) was established on June 22, 2007, and operates as a privately held limited liability company under Business ID: 1200667963, registered with the Dong Thap Province Department of Finance. The company’s headquarters is at Dong Hoa Hamlet, Kim Son Commune, Dong Thap Province, Vietnam, and employs approximately 2,000 workers.

The company specializes in farming and processing pangasius (catfish) and exporting dried coconut and other seafood products. Its additional registered activities include fruit processing, food retailing, and vegetable oil production. It remains one of the notable enterprises in Vietnam’s aquaculture and seafood export industry.

As of December 31, 2023, VAN DUC TIEN GIANG reported total assets of USD 98.94 million, owner’s equity of USD 52.33 million, and sales revenue of USD 106.17 million. However, net profit fell sharply by 85% year-on-year to USD 3.99 million, compared to USD 26.68 million in 2022. This significant decline reflects tightening global seafood demand, rising input costs, and increased competition from neighboring producers. Despite this, the company maintained a positive working capital of USD 21.62 million, up 8.12%, demonstrating continued liquidity and resilience in operations.

Ownership of the company is primarily held by Huu Phuoc Food Joint Stock Company (95%), with Ms. Truong T. L. K., the long-time Chairwoman, keeping the remaining 5%. Director Ms. Huynh T. T. N. and Deputy Director Ms. Tran T. H. T., experienced professionals in seafood processing and export, lead the company.

From a financial risk management perspective, VAN DUC TIEN GIANG presents a mixed outlook. While the balance sheet remains strong with nearly USD 99 million in assets and robust liquidity, the sharp drop in profitability signals operational efficiency, price competitiveness, and export market diversification challenges. The high concentration of ownership also suggests limited external governance oversight, which may pose a moderate structural risk.

As an independent information and risk assessment provider, VNBIS notes that VAN DUC TIEN GIANG FOOD EXPORT COMPANY continues to be a financially stable enterprise in the seafood export sector but faces notable short-term risks linked to global price volatility and industry headwinds. Through its Financial Risk Management Service and Company Report Solutions, VNBIS offers detailed evaluations and monitoring tools to help investors and partners assess the company’s long-term creditworthiness and market resilience within Vietnam’s aquaculture industry.