CARLSBERG VIETNAM BREWERIES LIMITED (CÔNG TY TNHH BIA CARLSBERG VIỆT NAM), a fully foreign-owned enterprise based in Hue City, Vietnam, has been a major player in Vietnam’s beer industry since its registration on July 4, 2008. The company is located at Lot B8, Phu Bai Industrial Park, Phu Bai Ward, Huong Thuy Town, and operates under tax code and business ID 3300100586. It is a one-member limited liability company wholly owned by CARLSBERG INTERNATIONAL A/S of Denmark.
The business is led by General Director Mr. Peter Wachenschwanz, a German national, and Chief Accountant Mr. Ngo Thanh Hoang. With a workforce of approximately 1,700 employees, CARLSBERG VIETNAM BREWERIES LIMITED manufactures and distributes well-known beer brands such as Carlsberg, Tuborg, Huda, and Halida across the Vietnamese market. The company's charter capital stands at USD 14.15 million.
In 2023, CARLSBERG VIETNAM BREWERIES LIMITED reported impressive revenue growth, with total sales reaching USD 206.03 million—an increase of 13.32% year-over-year. Total assets also rose moderately by 5.68% to USD 126.87 million, reflecting continued investment and operational expansion.
However, these top-line successes stand in stark contrast to the company's profitability. CARLSBERG VIETNAM posted a net loss of USD 4.43 million in 2023, reversing a USD 3.8 million profit in 2022 and an even higher profit of USD 11.34 million in 2021. This downward trajectory amounts to a 216.44% year-on-year plunge, indicating severe margin erosion. Moreover, owner’s equity fell by 15.66%, reducing to USD 23.83 million, while working capital plummeted to a worrying negative USD 29.85 million—suggesting serious liquidity constraints.
A critical view of this performance reveals deep structural issues despite strong brand equity and sales momentum. The combination of rising revenues and falling profits suggests increasing production or operational costs, possibly exacerbated by inflation, supply chain pressures, or inefficiencies within the brewery's operations. The significant negative working capital further signals short-term solvency risks, raising red flags for suppliers and creditors.
CARLSBERG VIETNAM BREWERIES LIMITED must act swiftly to rebalance its financial fundamentals. Priorities should include cost optimization, operational efficiency, and tighter cash flow control. Without strategic corrections, prolonged financial underperformance could undermine its long-standing market presence and the strength of the Carlsberg brand in Vietnam.
For investors, distributors, and market analysts seeking detailed risk insights, legal verification, and comprehensive financial profiling of CARLSBERG VIETNAM BREWERIES LIMITED, Vanguard Business Information LLC provides reliable business intelligence tailored to Vietnam’s corporate landscape.
+ PETER W
+ NGO T.H
-0.34%
-6.17%
397
0.0137%
Assets | -14.63% |
Owner’s Equity | -70.12% |
Working Capital | -45.85% |
Net Worth | -15.45% |
Sales | -0.22% |
Operating income | 84.57% |
EBIT | 20.94% |
Gross Profit Margin | 79.02% |
Debt to EBITDA | 45.50% |
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