VAN NANG SERVICE TRADING COMPANY LIMITED

VAN NANG SERVICE TRADING COMPANY LIMITED
(CÔNG TY TNHH THƯƠNG MẠI DỊCH VỤ VẠN NĂNG) is a privately owned Vietnamese company operating in the wholesale distribution sector, with a focus on rubber latex and industrial materials. Established on December 26, 2014, the company is headquartered in Group 4, Quarter 3, Minh Long Ward, Chơn Thành Town, Bình Phước Province, with a representative office in Ho Chi Minh City. It is legally registered under Business ID and TIN 3801091607, and operates as a limited liability company.

The business is directed by Mr. Ngô Thắng, who also holds a 40% ownership stake, alongside the primary shareholder Mr. Ngô Lợi (60%). Despite its relatively small scale—with only 10 employees—VAN NANG ST CO., LTD maintains a broad range of activities across rubber trading, equipment wholesale, industrial installations, wood processing, and even primary production in rubber plantations and plastics manufacturing.

Financially, the company showed a mixed performance in 2023. On the one hand, sales rose by 10.63%, reaching USD 174.45 million, and net profit jumped sharply to USD 700,324, a 252.24% increase compared to the previous year. Owner’s equity also grew by 44.88%, rising to USD 4.25 million. These are strong indicators of improved operational efficiency or cost control.

However, the sharp 42.03% drop in total assets, down to USD 22.01 million from USD 37.96 million, raises concerns. This contraction could reflect asset disposals, depreciation, or reduced reinvestment, and suggests a more conservative financial posture or possibly tighter cash conditions. Additionally, working capital decreased by 27.39%, though it remained positive at USD 3.96 million, indicating the company can still cover short-term obligations.

From the perspective of VANGUARD BUSINESS INFORMATION LLC (VBI), VAN NANG SERVICE TRADING COMPANY LIMITED should be approached with a balanced view. While the company has shown solid revenue growth and profit rebound, the simultaneous decline in asset value and working capital poses questions about long-term capital sustainability. Businesses engaging with Van Nang are advised to employ Business Verification Services, Credit Risk Monitoring, and request Private Financial Data before extending credit or entering large-scale supply agreements.

In summary, VAN NANG ST CO., LTD is an actively operating regional wholesaler with a clear focus on rubber trading and industrial equipment. Its financial improvement in 2023 is notable, but potential partners should stay vigilant and rely on detailed assessments, including Vietnam Litigation Reports, to ensure a full understanding of any legal or operational risks.