Thang Long Food Investment And Processing Joint Stock Company (Vietnam)

The subject was founded in Apr 2021 with large charter capital of VND 100 billion. We contacted the subject through registered mobile phone +84 989358826 but the female on the phone only confirms the address and the subject's business activities of trading raw materials for the production of animal feed. Further information was refused to provide. As investigated, we found its import shipment of corn kernels from India market. Other public information about it seems limited.As reported data, its net sales reached huge numbers right from the first year of establishment in 2021. However, Return on Net Sales and Return on Investment indicators were still low. Noticeably, its operation mainly funded by liabilities. Liabilities by Total Assets reached 98.00% at the end of 2022. Payable to suppliers and Short-term loans and financial leases were the two major funding resources of the subject. Loan interest expenses increased to VND 195.9 billion last year. Besides, its resources mainly existed on Receivable from customers. Cash and cash equivalents was humble at the end of the year. Instant payment capacity was not satisfactory. In general, transactions should be monitored strictly.