VIET HUNG COMPANY LIMITED

VIET HUNG COMPANY LIMITED (CÔNG TY TRÁCH NHIỆM HỮU HẠN VIỆT HƯNG) is a long-established Vietnamese trading company specializing primarily in rice and food trading. With nearly three decades of operation, the company has built a solid position in the Mekong Delta, supported by multiple warehouses and a diversified logistics footprint. Its longevity and recent performance recovery highlight its resilience in Vietnam’s highly competitive food trading sector. 

Legal Status And Corporate Registration

VIET HUNG COMPANY LIMITED operates as a limited liability company with Business ID/TIN: 1200190134 and maintains an active legal status. The company was incorporated on 30 January 1997 and registered with the Tien Giang Province Department of Planning and Investment.
The head office is located at Cau Xeo Quarter, Hau Thanh Commune, Cai Be District, Tien Giang Province, Vietnam. In addition, the company operates multiple warehouse facilities in Cai Be District, each registered as a dependent unit, supporting the storage and distribution of agricultural products.
Charter capital is fully paid at approximately USD 6.16 million, and the company is privately held.

Key Management And Leadership Structure

The company is led by Nguyen V. D., serving as Chairman cum Director, reflecting a centralized leadership model. He is supported by directors Nguyen V. T. and Nguyen T. D. T., forming a closely held management team with strong continuity. Shareholding is concentrated among these three individuals, reinforcing owner-managed governance.

Financial Scale And Operating Performance

VIET HUNG operates at a large trading scale relative to equity, with total assets exceeding USD 21 million and annual sales of approximately USD 67 million. After a sharp revenue contraction in an earlier period, sales rebounded strongly, more than doubling year-on-year, indicating a recovery in trading volume and market demand.
Profitability also improved markedly, with net profit increasing more than threefold, albeit from a low base. Equity strengthened significantly, while working capital remains solidly positive, supporting liquidity for procurement, storage, and distribution activities. Overall, the financial profile reflects a high-turnover, thin-margin trading model with improving momentum.

Core Trading Activities And Business Scope

The company’s core business is trading rice, supported by a broad range of registered activities, including wholesale and retail food, milling and manufacturing of meal, road and water freight transport, warehousing, and trading in land-use rights. This broad scope provides operational flexibility across the agricultural value chain, although rice trading remains the dominant revenue driver.

Critical Risk And Forward Outlook Assessment

The key risk for VIET HUNG lies in earnings volatility inherent in agricultural trading, where margins are sensitive to price fluctuations, weather conditions, logistics costs, and counterparty credit risk. Despite recent recovery, profits remain modest relative to turnover.
Looking ahead, the outlook is cautiously positive. Strong working capital, long operating history, and an established warehouse network provide stability. At the same time, sustained performance will depend on disciplined credit control, inventory management, and the ability to navigate cyclical swings in Vietnam’s rice and food markets.