TV68 BACH KHOA TRADING AND SERVICE COMPANY LIMITED, legally registered under Business ID 1001241835, is a one-member limited liability company headquartered at Lot 33, Road No. 12, Ky Dong Urban Area, Phu Xuan Commune, Thai Binh City, Thai Binh Province. The company was officially established on December 6, 2021, under the authority of the Thai Binh Department of Planning and Investment. Its charter and paid-up capital are both valued at USD 1.85 million. Though a relatively young enterprise with just over three years of operation, TV68 has swiftly emerged as an active player in Vietnam’s growing freight transport and logistics market.

Leadership and Ownership

The company is fully owned and directed by Mr. Phan M. D., who has played a decisive role in its rapid growth trajectory. With 100 percent ownership and direct management, his leadership gives the firm both operational agility and strategic focus. This tight structure enables fast decision-making, which is a key advantage in Vietnam’s competitive logistics and construction services landscape.

Exceptional Financial Growth

One of the most striking aspects of TV68’s development is its explosive financial performance in 2023. Total assets surged from USD 1.99 million in 2022 to USD 45.27 million in 2023, an increase of more than twenty times. Revenue growth has been equally impressive, climbing from USD 19.3 million in 2022 to USD 110.14 million in 2023. Profit after tax also recorded a sharp rise from just over USD 8,000 to USD 233,030 within a year. This growth reflects the company’s aggressive expansion and strong demand for freight transport services at both regional and national levels.

Business Activities and Strategic Positioning

TV68 specializes in freight transport by road, a crucial backbone sector for Vietnam’s domestic supply chain. In addition to its main activity, the company is also registered for a wide range of complementary services including the manufacture of structural metal products, installation of industrial machinery, construction of residential and commercial buildings, site preparation, electrical and plumbing installation, and the repair of machinery and fabricated metal products. This diversified business scope provides operational flexibility and allows TV68 to integrate logistics with construction and industrial services, positioning itself as more than just a transport company.

Outlook

Despite being a young enterprise, TV68 has demonstrated a remarkable capacity for scaling up operations in a short time. Its strong revenue base, expanding asset portfolio, and focused leadership suggest that it may become one of the notable mid-sized logistics and industrial service providers in northern Vietnam. If this momentum continues, the company is likely to gain increasing relevance in the national logistics network, benefiting from the country’s fast-developing transportation infrastructure and booming construction sector.