Thaco Agri’s Financial Performance in 2024
CTCP Nông nghiệp Trường Hải (Thaco Agri) has released its financial report for 2024, revealing a net profit of over 10 billion VND, a 75% decrease from the previous year’s profit of nearly 42 billion VND. The company’s accumulated loss at the end of 2024 stood at nearly 1,316 billion VND.
As of the end of 2024, Thaco Agri’s owner’s equity was 14,185 billion VND, a decrease of 116 billion VND from the beginning of the year. Meanwhile, its liabilities surged to 53,126 billion VND, a 44% increase compared to the previous year. This includes a bond debt of 2,400 billion VND.
Thaco Agri’s Total Assets in Comparison
Thaco Agri’s total assets amounted to 67,311 billion VND, which is comparable to MWG’s total assets of 70,438 billion VND, and surpasses that of Becamex IDC (58,781 billion VND), Vietnam Airlines (58,187 billion VND), and Vincom Retail (55,226 billion VND) as of the end of 2024. In comparison to peers in the same industry, Thaco Agri’s total assets are nearly three times that of Pan Group and HAGL.
Thaco Agri’s Bond Repurchase
According to the disclosure on the Hanoi Stock Exchange (HNX), Thaco Agri repurchased the entire lot of THGCH2126001 bonds worth 2,400 billion VND on August 14, 2025. These bonds were issued on October 1, 2021, with a term of 60 months. As a result, the company’s current bond debt stands at zero.
Thaco Agri, a member of Thaco Group, focuses on agro-forestry investments with operations in cultivation, animal husbandry, and agricultural supplies trading. Established in 2018, the company is represented by Mr. Tran Ba Duong and has a charter capital of 15,000 billion VND. Thaco Agri is currently implementing a large-scale agro-forestry investment strategy across 84,000 hectares of land in Vietnam, Laos, and Cambodia. This includes over 9,000 hectares in Vietnam’s Central Highlands, nearly 44,000 hectares in Cambodia’s Rattanakiri and Kratie provinces, and over 27,000 hectares in Laos’ Attapeu and Sekong provinces.
THACO’s network of three Emart superstores, including Emart Sala, Emart Phan Huy Ich, and Emart Phan Van Tri, will serve as outlets for Thaco Agri’s agricultural produce.
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