CASPER VIETNAM JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN CASPER VIỆT NAM): Resilient Recovery After a Turbulent Financial Year

CASPER VIETNAM JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN CASPER VIỆT NAM) is a private joint stock enterprise headquartered at the 7th Floor, Leadvisors Tower, No. 643 Pham Van Dong Street, Co Nhue Ward, North Tu Liem District, Ha Noi City, Vietnam. Officially registered under business ID and tax code 0107009894 since September 30, 2015, the company is best known for distributing household appliances and consumer electronics such as air-conditioners, TVs, refrigerators, and washing machines under the brand name Casper.

CASPER VIETNAM JOINT STOCK COMPANY is led by Director Mr. Nguyen Viet Chung, with Ms. Phung Thi Thanh serving as Chief Accountant. As of 2023, the company employed 300 people and operated representative offices across Hanoi, Da Nang, and Ho Chi Minh City. Its registered charter capital stands at USD 15.82 million, fully paid as of the end of 2023. The majority shareholder is CASPER VIETNAM GROUP JOINT STOCK COMPANY, holding 99.8% of ownership.

The company's financial trajectory over the past three years has been volatile. In 2022, CASPER VIETNAM JOINT STOCK COMPANY suffered a dramatic net loss of over USD 16.65 million, despite generating revenue of USD 192.27 million. However, 2023 marked a cautious return to profitability, with a modest net income of USD 285,745, reflecting a 101.72% improvement over the previous year. Sales declined marginally by 5.04% to USD 182.58 million, and total assets fell 15.23% to USD 87.74 million.

The company’s equity has seen considerable fluctuations: from USD 18.63 million in 2021 to just over USD 6.38 million in 2023. While a 4.69% year-over-year increase in 2023 indicates recovery, the low equity relative to its revenue scale and assets highlights lingering capital structure weaknesses. Working capital stood at USD 5.56 million at year-end, which, although positive, remains limited in comparison to operational demands.

CASPER VIETNAM JOINT STOCK COMPANY’s capacity to rebound after severe losses demonstrates operational resilience. However, the sharp financial swings raise questions about internal financial controls, cost structure, and long-term strategic positioning in an increasingly competitive electronics market. The company would benefit from a stronger focus on operational efficiency, brand differentiation, and possibly restructuring its financial foundation to ensure sustainable growth.

For business partners, investors, or vendors considering engagements with CASPER VIETNAM JOINT STOCK COMPANY, conducting thorough due diligence remains essential. For in-depth risk assessments, shareholder verification, and financial evaluations, Vanguard Business Information LLC provides trusted, data-driven insights into Vietnamese enterprises like Casper and beyond.