VIET PHI AGRICULTURE JOINT STOCK COMPANY

With a firm foothold in Vietnam’s agricultural industry, VIET PHI AGRICULTURE JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN NÔNG NGHIỆP VIỆT PHI) has built a reputation for its cashew trading and processing operations. Since its establishment on March 5, 2019, the company has expanded rapidly, making its mark in the wholesale of agricultural raw materials and related sectors. Registered under Business ID 0315542616, VIET PHI AGRICULTURE JOINT STOCK COMPANY operates from its headquarters at No. 2, Street 8A, Quarter 5, An Phu Ward, Thu Duc City, Ho Chi Minh City, Vietnam, with additional branches in Phu Yen, Binh Phuoc, and Dong Nai.

Financially, the company has demonstrated a mix of growth and setbacks. In 2023, total assets climbed to USD 302.62 million, marking a 25.12% year-over-year increase. However, total sales saw a 7.3% decline, settling at USD 586.21 million. Profitability took an even bigger hit, plunging by 64.45%, leaving the company with a net profit of just USD 192,526. While its equity rose slightly by 1.74%, reaching USD 11.27 million, the company’s declining profitability suggests operational challenges that may need strategic adjustments.

At the helm of VIET PHI AGRICULTURE JOINT STOCK COMPANY is Mrs TO THI THUY LINH, who serves as Director and also holds 50% ownership in the company. Additional shareholders include Mr. TRUONG, with a 25% stake, and HA, also owning 25%. With a team of 400 employees, the company’s leadership and workforce continue to drive its expansion despite fluctuating market conditions.

Beyond cashew processing, VIET PHI AGRICULTURE JOINT STOCK COMPANY operates across multiple sectors, including mixed crop-livestock farming, aquaculture, forestry, coal mining, and even construction. The company is also engaged in the manufacture of food processing machinery, chemicals, and fabricated metal products, making its business model one of the most diversified in the industry.

Despite the profit challenges in 2023, VIET PHI AGRICULTURE JOINT STOCK COMPANY remains an important player in Vietnam’s agricultural supply chain. VANGUARD BUSINESS INFORMATION LLC (VBI), a leading provider of business intelligence, financial analysis, and risk assessment, notes that while financial hurdles exist, the company’s broad operational scope and strong asset growth position it for potential recovery and long-term stability.