BA NA SERVICE CABLE CAR JOINT STOCK COMPANY

BA NA SERVICE CABLE CAR JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN DỊCH VỤ CÁP TREO BÀ NÀ) is a prominent player in Vietnam’s tourism infrastructure sector, best known as the operator and investor behind the famous Ba Na Hills eco-tourism complex in Da Nang. The company is legally established as a joint stock company under Tax Code: 0400585547, with its headquarters located in An Son Village, Hoa Ninh Commune, Hoa Vang District, Da Nang City, Vietnam. Since its founding on September 14, 2007, it has been instrumental in turning Ba Na Hills into one of the top tourist destinations in Vietnam.

BA NA SERVICE CABLE CAR JOINT STOCK COMPANY, commonly known as BANACAB, is majority Vietnamese-owned, with SUN GROUP CORP holding 30.62% and several prominent individuals and institutional shareholders holding the remainder. The company is led by Mr. Nguyen L. A., who serves as Director, with the support of Deputy Directors Mr. Manh X. T. and Mr. Nguyen T. A.. Employing around 300 staff, the company manages not only the iconic cable car system but also a portfolio of services that includes hotels, restaurants, recreational attractions, and real estate activities related to the Ba Na Hills development.

Financially, 2023 was a remarkable recovery year. The company reported total sales of USD 150.42 million, a 94.83% increase from the previous year, signaling a strong rebound in tourism demand post-pandemic. Net profit surged to USD 29.1 million, reversing a steep decline in 2022 and posting a dramatic 4,021% year-on-year increase. Total assets reached USD 735.04 million, up 15.56%, while equity grew to USD 330.64 million, up nearly 10%. However, the company’s working capital remained negative at USD -79.58 million, suggesting possible short-term liquidity pressure despite solid profitability and asset growth.

This liquidity issue, while manageable in a capital-heavy tourism business model, does warrant attention from credit analysts, particularly when considering extended payment terms, new investment partnerships, or supplier agreements. BANACAB’s overall financial position is strong, but the negative working capital implies reliance on short-term liabilities to fund ongoing operations, a common but risky feature in the hospitality infrastructure sector.

For lenders, investors, or corporate partners seeking to work with this tourism giant, VANGUARD BUSINESS INFORMATION LLC (VBI) offers detailed, verified risk assessment and credit profiles. By using VBI’s Fresh Investigation Reports, you gain up-to-date insights into the company’s creditworthiness, financial health, shareholder structure, and risk factors—ensuring your decision-making is well informed when engaging with BA NA SERVICE CABLE CAR JOINT STOCK COMPANY or any major Vietnamese enterprise.