Ngoc Trinh Bac Lieu Seafood Co., Ltd (Vietnam)

Established in 2014, the subject has operated as one member limited liability company, which is wholly owned by Ms. Tran Thi Ngoc Trinh - Director. It focuses on processing frozen shrimp for export, mainly black tiger prawn and white shrimp. Apart from domestic materials sources, the subject imports from India. We contacted the Director but she refused to share information in detail.Financially, the subject's revenue reached over VND 1,000 billion in the latest two years but its operating income margin was not high due to large input costs. Notably, the operating cash flow remained negative in recent years so the subject had to base on more loans to fund business. In spite of improved working capital in 2021, the subject should control its capital structure strictly to ensure its liquidity.