BRITISH AMERICAN TOBACCO - VINATABA (JV)

BRITISH AMERICAN TOBACCO - VINATABA (JV) (CÔNG TY LIÊN DOANH THUỐC LÁ BAT-VINATABA)stands as a prominent joint venture between global tobacco powerhouse British American Tobacco Group Holdings B (Netherlands, 70%) and Vietnam National Tobacco Corporation (VINATABA, 30%). Officially registered on August 17, 2001, the company operates under Tax Code: 3600508640 with its main manufacturing facility located at KP 8, Long Binh Ward, Bien Hoa City, Dong Nai Province, Vietnam.

With over 23 years of continuous operation in Vietnam, BRITISH AMERICAN TOBACCO - VINATABA (JV) is a key player in the tobacco industry, engaging in the manufacture and distribution of cigarettes and related tobacco products. Despite the high-regulation environment surrounding its industry, the company has demonstrated consistent profitability and financial resilience.

In 2023, the company recorded USD 163.5 million in sales, with a net profit of USD 49.29 million, a modest 2.56% year-over-year increase. Total assets stood at USD 100.1 million, reflecting a slight decline of 1.19%, while owners’ equity reached USD 76.34 million, up 1.64% from the previous year. Notably, the business maintains a strong working capital of USD 70.91 million, indicating healthy liquidity and operational efficiency.

As one of the rare ventures operating at such high margins in Vietnam’s manufacturing sector—where the profit-to-sales ratio exceeds 30%—this company is a prime subject for ongoing credit surveillance. Vanguard Business Information LLC (VBI) provides specialized services, including business verification, Vietnam litigation records, and private financial data analysis, which are particularly relevant for partners, regulators, and procurement teams navigating industries with heightened ethical scrutiny and international supply chain risks.

Managed by General Director Mr. Lee M., the company also operates a representative office in Gia Lai Province. With a compact yet skilled workforce of 103 employees, the firm demonstrates operational efficiency and production control, characteristics common in high-value, low-volume sectors such as tobacco.

Given the political sensitivity, regulatory challenges, and public health debates surrounding its products, BRITISH AMERICAN TOBACCO - VINATABA (JV) presents both opportunity and complexity. It exemplifies the kind of firm for which VBI’s risk scoring tools and shareholder analysis are not just useful, but critical to responsible decision-making.