DIGILIFE VIET NAM DIGITAL SERVICES COMPANY LIMITED (CÔNG TY TNHH DỊCH VỤ SỐ DIGILIFE VIỆT NAM) presents a classic case of rapid revenue growth clashing head-on with profitability collapse — and the numbers are hard to ignore.

This is a company that pulled in over USD 254 million in revenue in 2023, up more than 8% year-over-year, but still managed to end the year in the red, posting a loss of USD 740,800. That’s a staggering reversal from the USD 1.37 million profit it made just a year before — a collapse of over 154% in bottom-line performance.

Legally registered as a one-member limited liability company under Business ID 0108755246, DIGILIFE operates out of its Hanoi headquarters with additional offices in Da Nang and Ho Chi Minh City. It is fully owned by VNLIFE CORPORATION JOINT STOCK COMPANY, a major player in Vietnam’s fintech and digital services space. The Chairman is Mr. LE TANH, while day-to-day operations are handled by General Director Mr. PUNNYA NIRAAN DE SILVA, an Australian national.

The company offers services in banking enablement, digital payments, and mobile communications, and has registered dozens of auxiliary business lines ranging from computer programming to wholesale electronics and even freight transport. This level of diversification may offer long-term growth potential — or it may signal strategic overreach in a volatile market.

Financially, DIGILIFE’s assets dropped by 10.19% in 2023 to USD 13.5 million, while owner’s equity shrank to USD 11.69 million, down nearly 6%. On the surface, the company still holds a healthy equity buffer and working capital of USD 9 million, but the bottom line signals something deeper: costs, inefficiencies, or possibly unsustainable scaling may be draining what was once a promising trajectory.

In just six years of operation, DIGILIFE has managed to scale revenue impressively — but profitability tells a more sobering story. Is this a tech firm pushing hard for market share? Or a fast-growing startup beginning to lose control of its burn rate?

For financial institutions, investors, and business partners, this is not a company to approach blindly. Independent business verification is essential. That’s where VANGUARD BUSINESS INFORMATION LLC (VBI) steps in, offering trusted due diligence, credit reports, litigation checks, and detailed financial profiling for companies like DIGILIFE.
🔍 You can learn more or request a verified report at: https://www.vnbis.com

In short, DIGILIFE VIET NAM DIGITAL SERVICES COMPANY LIMITED is a digital heavyweight in revenue, but a financial question mark in 2023. The next moves it makes — and how they impact the bottom line — will determine if it’s building a scalable empire or just burning bright and fast.