CON CUNG JOINT STOCK COMPANY

CON CUNG JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN CON CƯNG) has become a household name for Vietnamese families, building the country’s largest retail chain specializing in products for mothers and babies. Established on September 21, 2015, and legally registered under Business ID 0313450007 in Ho Chi Minh City, the company operates hundreds of outlets nationwide while positioning itself as a one-stop destination for parenting needs. Headquartered at No. 66 Nguyen Du Street in District 1, Con Cưng has expanded rapidly through aggressive store openings and digital marketing, with a brand recognized for both convenience and affordability.

In 2023, CON CUNG JOINT STOCK COMPANY posted USD 317.82 million in revenue, a slight decline of 1.39% from the previous year. However, profit plummeted by 87.32% to just USD 64,593, down from over half a million USD in 2022 and over USD 3 million in 2021. While equity grew marginally to USD 27.75 million, and working capital rose 60.26% to USD 1.82 million, the steep decline in profit raises questions about rising operational costs, over-expansion, or pressure from increased competition. Total assets also fell significantly—by 21.74%—to USD 100.64 million, hinting at possible restructuring or cash flow tightening.

The company is privately held, with ownership concentrated in LIAM Joint Stock Company, which holds 100% of shares. Chairman Mr. Nguyen Quoc Minh and General Director Mr. Luu Anh Tien play central roles in Con Cưng’s leadership and brand identity. Despite Con Cưng’s public-friendly image, critics in the retail industry note that the company has remained opaque in strategic disclosures, especially regarding investor returns and supplier terms. As e-commerce and pharmacy chains edge into the parenting segment, Con Cưng faces the challenge of maintaining its market lead while restoring profitability. For partners, credit insurers, and investors, Vanguard Business Information LLC (VBI) offers comprehensive reports that go beyond surface branding to provide verified financials, creditworthiness, and governance insights on CON CUNG JOINT STOCK COMPANY.