CROWN BEVERAGE CANS SAIGON LIMITED (CÔNG TY LIÊN DOANH TNHH CROWN SÀI GÒN) is a foreign-invested manufacturing enterprise established on December 31, 1993, with over three decades of operational presence in Vietnam’s industrial landscape. Legally registered under Business ID and TIN 0301238969 at the Ho Chi Minh City Department of Planning and Investment, the company is headquartered on Ha Noi Highway, Hiep Phu Ward, Thu Duc City, Ho Chi Minh City, and operates a branch facility in Binh Duong Province. As of the end of 2023, the enterprise maintains a charter capital of over USD 21.3 million, with a paid-up capital of USD 10.5 million and a workforce of 261 employees.

Functioning primarily in the manufacturing and trading of two-piece aluminum cans and lids used in the beverage and beer industries, CROWN BEVERAGE CANS SAIGON LIMITED plays a critical role in the supply chain of Vietnam’s fast-moving consumer goods (FMCG) and beverage sectors. The company’s product line falls under the category of fabricated metal products, with additional licenses for non-specialized wholesale and certain forms of retail trade. Ownership is split between Crown Asia Pacific Holdings Pte. Ltd. of Singapore, which holds a 70% stake, and Saigon Beer - Alcohol - Beverage Corporation (Sabeco), which owns the remaining 30%, reflecting both international capital and local industry integration.

From a financial risk perspective, the company presents a dual-edged profile in FY2023. On one hand, CROWN BEVERAGE CANS SAIGON LIMITED maintains a strong capital base, with total assets of USD 117.73 million and equity reaching USD 97.5 million—both marking significant year-over-year growth of 21.55% and 22.35%, respectively. The company’s net worth mirrors this at USD 97.43 million, and its working capital is notably high at nearly USD 75 million, reflecting exceptional liquidity. On the other hand, both revenue and profit experienced steep declines. Sales contracted sharply by 27.39% to USD 141.08 million, and net profit dropped by 35.62% to USD 15.25 million. This performance downturn followed a period of strong gains in 2022, suggesting exposure to cyclical volatility or pricing pressure in the aluminum packaging market.

While CROWN BEVERAGE CANS SAIGON LIMITED remains financially solvent and operationally stable, the steep fall in sales and earnings raises cautionary flags for risk-conscious stakeholders. These trends may signal declining market demand, rising input costs, or intensified competition, factors that warrant closer scrutiny. However, the company’s robust equity base and consistently expanding asset portfolio provide a buffer against short-term financial shocks.

In summary, CROWN BEVERAGE CANS SAIGON LIMITED is a well-capitalized joint venture with strategic importance in Vietnam’s beverage packaging industry. Its recent financial setbacks contrast with an otherwise strong balance sheet, suggesting that while the firm is not currently distressed, investors, lenders, and partners should continue to monitor its revenue stability and margin resilience. This credit risk analysis has been prepared by VANGUARD BUSINESS INFORMATION LLC (VBI), your trusted partner in business intelligence and financial due diligence in Vietnam and across Asia.