VIET THANG FEED JOINT STOCK COMPANY

VIET THANG FEED JOINT STOCK COMPANY (Vietnamese: CÔNG TY CỔ PHẦN THỨC ĂN CHĂN NUÔI VIỆT THẮNG) is a long-established name in Vietnam’s animal feed industry. Founded on November 21, 2002, and headquartered in Sa Dec Industrial Park, Dong Thap Province, the company has over two decades of experience producing aquatic, cattle, and poultry feed for Vietnam’s fast-growing agricultural sector

Legally operating as a joint stock company under Business ID 1400437290, Viet Thang Feed is majority-owned by Wineco Agricultural Investment Development and Production LLC (60%) and Hung Vuong Corporation (33.16%). Its facilities and distribution networks extend across the Mekong Delta, with branches in key provinces like Lai Vung, ensuring regional access to its feed products.

📉 A Challenging Year After a Boom

In 2022, Viet Thang Feed reported a record year, with revenues reaching USD 154.2 million and profit soaring to USD 4.71 million. However, in 2023, the company saw a significant contraction:

• Revenue dropped to USD 117.5 million, down 23.81% YoY

• Net profit plummeted to just USD 264,091, a 94.4% decline

• Total assets slightly decreased to USD 114.87 million

• Owner’s equity held steady at USD 54.55 million, showing resilience despite the downturn

The sharp fall in profit despite steady equity suggests pressure on feed margins, possibly due to rising input costs, oversupply, or weakened demand in aquaculture—a segment especially vulnerable to export market fluctuations and disease outbreaks.

🐟 Strategic Role in Vietnam’s Agricultural Ecosystem

Despite short-term volatility, VIET THANG FEED remains an essential pillar of Vietnam’s agribusiness value chain. Its core strength lies in its ability to manufacture a range of high-quality feed formulations tailored for tropical aquaculture and livestock farming. Backed by industrial players like Wineco and Hung Vuong, the company benefits from integration with upstream and downstream segments, including fish farming and seafood processing.

Moreover, with the global trend toward sustainable and traceable feed ingredients, Viet Thang Feed can potentially reposition itself through innovation and strategic partnerships.

The full report, which includes information on VIET THANG FEED’s ownership, detailed risk profile, legal standing, and competitive positioning, is available for download at VNBIS.COM, a valuable resource for investors, agritech suppliers, and partners in the animal nutrition sector.