AN PHU LOGISTICS JOINT STOCK COMPANY: A Young Logistics Player Navigating Financial Headwinds in Southern Vietnam

AN PHU LOGISTICS JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN KHO VẬN AN PHÚ) is a rising logistics and transport support service provider strategically headquartered in Phu My City, Ba Ria - Vung Tau Province. With its legal foundation established in June 2020, this young joint stock company has quickly gained traction in Vietnam’s bustling logistics sector.

Legal Framework and Corporate Status

Registered with the Ba Ria - Vung Tau Department of Planning and Investment, AN PHU LOGISTICS is legally structured as a joint stock company with full domestic ownership.

• Business ID and TIN: 3502425770

• Charter Capital: USD 4.11 million

• Paid-up Capital: Fully paid as of 2023

• Main Business Line: Transportation support services, particularly warehousing and logistical coordination

• Head Office: No. 09 Nguyen Chi Thanh, Phu My Ward, Phu My City, Ba Ria - Vung Tau Province

Executive Leadership

The company is led by Mr. Tran Vu, a Vietnamese national who serves as the Director. The shareholder base includes three private individuals, all Vietnamese, who collectively oversee and influence the company’s strategic direction and capital structure.

Business Operations

AN PHU LOGISTICS focuses exclusively on transportation support services, which typically include warehousing, inventory handling, shipment coordination, and ancillary logistics solutions. Its location in Phu My—a major industrial and port hub—provides excellent geographic positioning for container transport, maritime logistics, and supply chain activities.

Financial Performance

Despite its youth, AN PHU LOGISTICS has reported notable revenue levels, although with financial instability:

Key Figures in FY 2023:

• Total Assets: USD 122.27 million (↓16.42% YoY)

• Revenue: USD 275.16 million (↓15.17% YoY)

• Net Profit: USD 28,470 (Positive recovery after prior losses)

• Owner's Equity: Negative at USD -203,862 (but improved significantly from 2022)

• Working Capital: USD -659,629

While the company had previously operated at a loss, 2023 marked a financial turnaround—returning to profitability and significantly improving its equity position. However, the negative equity and working capital figures indicate ongoing financial pressures, likely tied to debt servicing or capital allocation inefficiencies.

Strategic Positioning

With Vietnam’s logistics and export infrastructure rapidly expanding, AN PHU LOGISTICS occupies a promising space—but it faces challenges in stabilizing its balance sheet and scaling sustainably. Its recovery in profitability, even during a period of declining sales, suggests internal improvements in operational efficiency or cost control.

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