DHL GLOBAL FORWARDING (VIETNAM) CORPORATION
ActiveDHL GLOBAL FORWARDING (VIETNAM) CORPORATION
ActiveDHL GLOBAL FORWARDING (VIETNAM) CORPORATION
ActiveSummary
DHL GLOBAL FORWARDING (VIETNAM) CORPORATION (CÔNG TY CỔ PHẦN GIAO NHẬN TOÀN CẦU DHL (VIỆT NAM)), tax code 0305707643, is the Vietnamese arm of one of the world’s most recognizable logistics brands. Established in 2008 and headquartered at 11th Floor, Etown 2 Building, No. 364, Cong Hoa Street, Ward 13, Tan Binh District, Ho Chi Minh City, Vietnam, DHL Vietnam has positioned itself as a leader in international freight forwarding, customs brokerage, and logistics support services throughout the country.
DHL Vietnam operates under a hybrid shareholder structure as a joint stock company with foreign direct investment (FDI) ownership. DHL Global Forwarding (Singapore) Pte. Ltd. holds 49% of shares, while the remaining 51% belongs to other undisclosed shareholders. The company’s leadership includes Mr. Leung K. Y. (Chairman, Chinese nationality) and Mr. Laurence Cheung (General Director, British nationality), supported by Ms. Nguyen T. N. Q., the Vietnamese Chief Accountant.
While the company’s global backing provides significant brand power and operational standards, its 2023 financials reflect the impact of a broader global freight downturn. Total revenue fell sharply by 53.7% year-over-year to USD 155.69 million, following a slowdown in global shipping demand and supply chain bottlenecks. Profit also declined by 67.9%, settling at USD 11.66 million, down from over USD 36 million the year prior. These declines coincided with a 35.6% drop in total assets, which ended the year at USD 64.81 million. Despite the downturn, the company maintained healthy working capital at USD 33.12 million, and equity remained strong at USD 35.37 million, suggesting a conservative financial structure and sufficient reserves to weather volatility.
As one of Vietnam’s key facilitators of international trade, DHL GLOBAL FORWARDING (VIETNAM) CORPORATION plays a vital role in the national logistics infrastructure, particularly through its Ho Chi Minh City and Hanoi hubs. Its business lines include air and sea freight, warehousing, customs clearance, and road freight—critical services supporting both export-driven manufacturing and high-volume consumer imports.
For investors and partners conducting business verification, especially those concerned with the reliability of Vietnam private financial data, DHL Vietnam presents a clear profile: a stable, well-capitalized logistics provider undergoing cyclical downturns tied to global macro trends. The company's audited performance also serves as a benchmark for those using business information providers to assess the logistics sector in Southeast Asia.
Despite 2023’s performance slump, DHL GLOBAL FORWARDING (VIETNAM) CORPORATION remains a strategically positioned entity in Vietnam’s expanding trade ecosystem. With the logistics industry projected to rebound in the coming years and Vietnam continuing to serve as a manufacturing hub for global supply chains, DHL’s presence here is likely to remain essential—if not increasingly pivotal.
Legal Profile
Contacts
+ LEUNG K.Y
+ LAURENCE C
+ NGUYEN T.N.Q
Business Sector
Key business lines:
Industry Sales Growth
6.76%
-31.04%
Companies by industry
18,830
0.6475%
Key Industry Players
Payment History
Financial Performance
| Assets | -28.79% |
| Owner’s Equity | -81.43% |
| Working Capital | 16.28% |
| Net Worth | -30.81% |
| Sales | -44.21% |
| Operating income | -36.93% |
| EBIT | -75.79% |
| Gross Profit Margin | 21.84% |
| Debt to EBITDA | -77.01% |