BRENNTAG VIETNAM COMPANY LIMITED

BRENNTAG VIETNAM COMPANY LIMITED (CÔNG TY TNHH BRENNTAG VIỆT NAM) is the Vietnam-based subsidiary of Brenntag Group — a global chemical and ingredients distribution corporation. Legally registered on November 10, 2010, and operating under Business ID 0310474190, this company functions as a foreign-owned (FDI) one-member limited liability company, with 100% ownership by BRENNTAG PTE LTD of Singapore. Its legal statusis active and fully compliant, with headquarters at No. 120, Hoang Hoa Tham Street, Binh Thanh District, Ho Chi Minh City.

The company operates in non-specialized wholesale trade, focusing on the distribution of chemicals and ingredient solutions. It is also engaged in scientific research and packaging activities, which support its value-added services to industrial customers. Mr. BLEGER FRANCOIS, DIDIER, a French national, serves as Chairman, while Ms. TRAN THI NGOC HIEP, a Vietnamese national, leads daily operations as General Director. BRENNTAG VIETNAM COMPANY LIMITED maintains a visible footprint across Vietnam with branches in Hanoi, Dong Nai, and Bac Ninh — locations that align with Vietnam’s key industrial zones.

From a financial data perspective, 2023 was a mixed year. The company recorded total assets of USD 99.35 million, showing marginal growth of 0.55%, signaling a plateau after prior years of asset expansion. Sales revenue dropped by 7.79%, from USD 279.25 million in 2022 to USD 257.49 million in 2023. This is a noticeable decline, possibly reflecting weaker industrial demand or price pressure in the chemical sector.

More significantly, net profit declined sharply by 20.95%, down to USD 13.36 million from USD 16.9 million the previous year. This drop in profitability — the most prominent financial signal in the report — suggests challenges in cost control, market competition, or internal efficiency. At the same time, owner’s equity shrank by 5.31%, ending the year at USD 64.36 million, indicating reduced retained earnings or dividend payouts.

One positive indicator is the company’s working capital, which remained high at USD 57.23 million, suggesting strong short-term liquidity and a relatively conservative financial approach. However, the shrinking profit base amid declining sales may warrant more strategic adjustments if the downward trend continues.

The company operates with a charter capital of USD 3.76 million, and its paid-up capital was reported as USD 3.83 million by the end of 2023. With a team of about 300 employees, BRENNTAG VIETNAM COMPANY LIMITED is mid-sized by headcount but significant in its capital deployment and nationwide presence.

In terms of corporate transparency, the company's foreign ownership and international reporting standards may be strengths. However, limited public insight into its internal efficiency, pricing structure, and risk exposure leaves open questions about its adaptability in a volatile supply chain environment.

In conclusion, BRENNTAG VIETNAM COMPANY LIMITED is a financially stable FDI enterprise that benefits from global backing and strategic presence in Vietnam's industrial zones. That said, its recent financial results point to short-term weaknesses in revenue and profitability, which must be addressed if the company aims to maintain relevance and margin strength in an increasingly competitive and price-sensitive market. The outlook remains stable, but closer monitoring of operational performance and market responsiveness is advisable.