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DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED

Active

Business ID 0316172372

DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED

Active

Business ID 0316172372

DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED

Active

Summary

Name:

DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED

Business ID (TIN):

0316172372

Date of Registration:

02 Mar 2020

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Address:

No. 253, Nguyen An Ninh Street, Di An Ward, Di An City, Binh Duong Province, Vietnam

Financial Statement:

2020, 2021, 2022, 2023, 2024

DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED: High Revenue Retailer with Alarming Profit Collapse

DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED (Vietnamese name: CÔNG TY TNHH THƯƠNG MẠI VÀ DỊCH VỤ KỸ THUẬT DIỆU PHÚC) is a fast-growing private enterprise best known for operating the popular Vietnamese electronics retail chain CellphoneS. Founded on March 2, 2020, and headquartered at 350-352 Vo Van Kiet Street, District 1, Ho Chi Minh City, the company trades smartphones, tablets, laptops, and tech accessories through both online and offline platforms including cellphones.com.vn and dieuphuc.com.vn. It operates under Tax Code (TIN): 0316172372 and employs approximately 3,000 people across Vietnam.

The company is directed by Mr. Do Tran Trung, with majority shareholder Ms. Dam Thi Thu Trang holding an 88% stake. Dieu Phuc is structured as a limited liability company, and despite its relatively short operating history, it has achieved impressive top-line scale.

In 2023, Dieu Phuc reported USD 226.03 million in sales, up 4.32% from 2022—a solid if slowing increase. However, from a risk advisory standpoint, the most notable—and concerning—trend is the company's steep 51.61% year-over-year drop in net profit, which fell to USD 1.13 million, down from over USD 2.3 million the previous year and more than USD 3.7 million in 2021. This marks two consecutive years of sharp profit deterioration despite revenue growth.

The financial risks deepen when considering capital structure: the company’s paid-up capital remains extremely low at just USD 2.05 million, despite a declared charter capital of over USD 8.2 million and a total asset base of USD 60.38 million. Meanwhile, owner’s equity stands at USD 9.4 million, a modest gain over prior years but clearly underpowered relative to the scale of business and inventory turnover expected in a high-volume retail operation.

Although working capital improved to USD 3.58 million, the margin of liquidity is slim, especially for a company handling imported consumer electronics, where currency fluctuations, demand volatility, and aggressive price wars can rapidly compress cash flow.

In brief, DIEU PHUC LTD is a high-revenue, low-capital business with fragile profitability. The company's narrow profit margins and weak capitalization raise serious concerns about financial resilience, particularly in a competitive retail landscape where market share is often won at the expense of margin.

Risk Management Recommendations:

Liquidity Risk: Elevated – Working capital has improved, but remains inadequate relative to scale.
Profitability Risk: High – two years of falling profits amidst rising costs and flat margin compression.
Capitalization Risk: Significant – low paid-in capital makes the company vulnerable to shocks or expansion demands.
Operational Risk: Moderate – brand recognition and digital presence are strong, but profitability is not keeping pace with growth.

Stakeholders including vendors, investors, and service providers should demand full financial disclosures and monitor profit recovery before entering long-term engagements. For deeper credit profiling and partner viability analysis, contact VANGUARD BUSINESS INFORMATION LLC (VBI)—Vietnam’s leading business intelligence provider.

Legal Profile

English Name:

DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH THƯƠNG MẠI VÀ DỊCH VỤ KỸ THUẬT DIỆU PHÚC

Short Name:

DIEU PHUC LTD

Business ID (TIN):

0316172372

Date of Registration:

02 Mar 2020

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ DO T.T

+ NGUYEN A.V

+ DAM T.T.T

+ TU B.A

Address:

No. 253, Nguyen An Ninh Street, Di An Ward, Di An City, Binh Duong Province, Vietnam

Head Office:

No. 350-352, Vo Van Kiet Street, Co Giang Ward, District 1, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

4741 Retail sale of computers, peripheral units, software and telecommunications equipment in specialized stores

Industry Sales Growth

CAGR (2019 - 2023)

5.19%

YoY (2023)

-9.31%

Companies by industry

Company distribution and propportions

6,994

0.2406%

Key Industry Players

Top 10 companies in retail sale of computers, peripheral units, software and telecommunications equipment in specialized stores industry

viettel commerce and import – export limited company (translated name) cao phong company limited phong vu trading - service corporation mediamart viet nam corporation the gioi di dong joint stock company fpt digital retail joint stock company vhc trading company limited di dong viet technology joint stock company htv trading general company limited dieu phuc technology services and trading company limited

Payment History

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Financial Performance

Assets	-52.82%
Owner’s Equity	41.03%
Working Capital	77.10%
Net Worth	-87.67%
Sales	-24.45%
Operating income	73.39%
EBIT	40.89%
Gross Profit Margin	-84.76%
Debt to EBITDA	68.60%

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Specific Questions About DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED

When did DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED start operating?

DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED was started in 02 Mar 2020

What industry does DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED operate in?

DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED is operating in "Retail sale of computers, peripheral units, software and telecommunications equipment in specialized stores" industry

How can I contact DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED?

DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED don't share phone numbers information

What adverse news is there about DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED?

DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED’s has no negative news

What is stock symbol of DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED?

DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED is not listed company

Where is the location of DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED?

DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED is located at No. 253, Nguyen An Ninh Street, Di An Ward, Di An City, Binh Duong Province, Vietnam

What is DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED’s business registration?

DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED business registration is 0316172372

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DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED

DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED

DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED

DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED: High Revenue Retailer with Alarming Profit Collapse

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DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED

DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED

DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED

DIEU PHUC TECHNOLOGY SERVICES AND TRADING COMPANY LIMITED: High Revenue Retailer with Alarming Profit Collapse

Risk Management Recommendations:

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