ASPHALT DISTRIBUTION COMPANY LIMITED

ASPHALT DISTRIBUTION COMPANY LIMITED (CÔNG TY TRÁCH NHIỆM HỮU HẠN CUNG ỨNG NHỰA ĐƯỜNG), known by its short name ADCO, is a foreign-invested enterprise with over 16 years of operation in Vietnam’s infrastructure and construction materials sector. Established on January 16, 2009, and headquartered at 14th Floor, Lancaster Luminaire Office Building, No. 1152 Lang Street, Dong Da District, Hanoi, the company specializes in the trading and processing of asphalt products, a critical input for Vietnam’s fast-growing road and transport development projects.

ADCO is 100% owned by HIGHWAY RESOURCES PTE LTD, a Singapore-based parent entity. It is led by General Director Mr. Christophe Voy, with financial oversight provided by Finance Director Ms. Nguyen T. A. T. The company employs around 200 personnel and operates strategically placed branches across Hai Phong, Dong Nai, and Hue, ensuring supply chain coverage from North to South.

In 2023, ADCO recorded USD 117.57 million in revenue, representing a 6.62% increase compared to the previous year. However, net profit declined by 28.49%, falling from USD 6.29 million in 2022 to USD 4.5 million in 2023. Despite this drop in earnings, the company’s owner’s equity continued to rise, reaching USD 32.94 million, while total assets stood at USD 45.99 million. The company also maintained strong liquidity, with working capital amounting to USD 27.35 million, highlighting its capacity to meet short-term obligations and maintain supplier confidence.

While the profit decline may raise questions about pricing pressures, input costs, or project delays, the growth in equity and sustained sales performance indicate that ADCO remains a financially stable and strategically positioned player in Vietnam’s asphalt supply chain. Its access to international capital and materials, combined with local market presence, enables the company to serve both public infrastructure projects and private contractors efficiently.

For businesses, contractors, and financial institutions evaluating supply partners in Vietnam’s infrastructure sector, ADCO represents both reliability and scale. However, understanding the financial volatility and operational dependencies is essential—especially for long-term or credit-based transactions.

That’s why decision-makers across Vietnam and Southeast Asia trust VANGUARD BUSINESS INFORMATION LLC (VNBIS). As a premier provider of credit risk assessments and financial intelligence, VNBIS helps you minimize financial risk and maximize business opportunities. Whether you're seeking to onboard a supplier, approve credit terms, or evaluate long-term joint ventures, VNBIS delivers the verified data and insights you need to make confident decisions—especially with mid- to large-cap companies like ASPHALT DISTRIBUTION COMPANY LIMITED.