VIETNAM NORTHERN FOOD CORPORATION LTD

Introduction

VIETNAM NORTHERN FOOD CORPORATION LTD (VINAFOOD1) is a state-owned enterprise playing a crucial role in Vietnam’s agricultural sector. With over 14 years of operational excellence, the company has built a strong reputation in the wholesale trade of rice, wheat, and other cereals. As one of the largest food suppliers in the country, VIETNAM NORTHERN FOOD CORPORATION LTD continues to grow its business through strategic operations and financial stability.

Legal Status and Business Overview

Founded on July 20, 2010, VIETNAM NORTHERN FOOD CORPORATION LTD is registered as a one-member limited liability company with full state ownership under the Ministry of Agriculture and Rural Development of Vietnam. The company is headquartered at No. 6, Ngo Quyen Street, Ly Thai To Ward, Hoan Kiem District, Ha Noi City, Vietnam, with several branches across the country.

VINAFOOD1’s business activities include:

• Processing and trading agricultural products and foodstuffs
• Ensuring food security and stabilizing market prices
• Wholesale of rice, wheat, cereals, and wheat flour
• Trading fertilizers, agricultural materials, and essential consumer goods
• Expanding operations in post-harvest crop activities, food processing, and beverage retail

Key Personnel

The leadership team at VIETNAM NORTHERN FOOD CORPORATION LTD is composed of experienced executives dedicated to the company’s success:

• Chairwoman: Ms. Bui Thi Thanh Tam
• General Director: Mr. Phan Xuan Que
• Deputy General Director: Mr. Pham Ngoc Tien

This leadership structure has enabled VINAFOOD1 to maintain its strong market position and drive consistent financial performance.

Financial Performance and Growth

VIETNAM NORTHERN FOOD CORPORATION LTD has demonstrated impressive financial stability, with a consistent upward trend in revenue and profitability. As of December 31, 2023, the company's financial highlights are as follows:

• Total Assets: USD 597.97 million (16.12% YoY growth)
• Total Sales: USD 502.54 million (18.22% YoY growth)
• Owner's Equity: USD 286.07 million (1% YoY growth)
• Profit: USD 9.39 million (6.74% YoY growth)
• Net Worth: USD 263.93 million
• Working Capital: USD 302.93 million

These figures reflect VIETNAM NORTHERN FOOD CORPORATION LTD's strong financial footing, allowing it to expand operations, invest in technological advancements, and improve efficiency in agricultural processing.

Conclusion

As a key player in Vietnam’s agricultural industry, VIETNAM NORTHERN FOOD CORPORATION LTD continues to strengthen its presence through financial growth and strategic management. With a firm commitment to food security, market stability, and innovation, VINAFOOD1 remains a dominant force in the wholesale food industry.

For more information, visit their official website at www.vinafood1.com.vn.