Hungduy Co., Ltd (Vietnam)

HungDuy Co.,Ltd is known as a family company that engages in many fields of activity (Manufacture of starch; Distribution of consumer products, construction steel, petroleum, etc.; Medical services; Hotel, restaurant, and entertainment services), which is managed by Mr. Le Huu Hung's family. It was formed in 1994 in Tay Ninh Province. For the manufacture of starch, currently, it owns 5 factories in Tay Ninh Province. For distribution, the subject is the distributor of well-known brands such as Unilever Vietnam (cosmetics, home care products), Vinamilk (kinds of milk), Kimberly-Clark (wet wipes, baby diapers and feminine hygiene brands), Castrol, Petro Vietnam (petroleum), Vina Kyoei (construction steel), Masan, etc. It has a wide distribution network covering Tay Ninh Province with a warehouse system of 16,000 sqm. For medical services, in 2017, the subject set up a subsidiary named Hung Duy Medical Joint Stock Company to manage Hong Hung General Hospital which has run officially since Oct 2020 with a scale of 600 hospital beds. For hotel, restaurant, and entertainment services, the subject operates Cana Entertainment Center which ran in 2015 with services such as wedding & events, EDEN Café, tennis, gym, pool, etc.; Runsie Tay Ninh Hotel with 110 rooms and Victory Tay Ninh Hotel with 44 rooms in Tay Ninh Province. In general, the subject's scale is assessed as extremely large. It recorded a growth of sales in two Covid years but its profitability was still rather humble.