DO THANH AUTO CORPORATION.

DO THANH AUTO CORPORATION (Vietnamese name: CÔNG TY CỔ PHẦN Ô TÔ ĐÔ THÀNH) is a veteran in Vietnam’s commercial vehicle manufacturing sector. Registered with Tax Code (TIN): 3600521183, the company was founded on March 28, 2008, and operates from its headquarters in Long Thanh District, Dong Nai Province, with additional locations in Hanoi and Long An.

Chaired by Ms. Nguyen Thi Minh Ky, who also holds the largest share at 43.67%, DO THANH AUTO CORPORATION has specialized for over 17 years in manufacturing, assembling, and distributing commercial vehicles. The company also engages in ancillary industries, including freight transport, warehousing, ceramics, and engineering consultancy.

In 2023, DO THANH AUTO CORPORATION recorded a remarkable 28.95% increase in revenue, reaching USD 243.41 million. This growth reflects rising demand and improved market penetration. However, despite the top-line surge, the company's profit decreased by 13.49%, totaling just USD 453,776, which indicates tightening margins or cost management challenges.

What’s more concerning is the significant drop in owner’s equity—down 22.32% to USD 21.5 million. This is paired with negative working capital of USD -1.42 million, a potential red flag signaling short-term liquidity strain. Although total assets grew to USD 143.78 million, the combination of weak profitability and eroded equity suggests the company may be expanding faster than its capital base can support.

In conclusion, DO THANH AUTO CORPORATION is undeniably scaling in sales, but its financial structure is under stress. Stakeholders should monitor debt levels and liquidity ratios closely before engaging. The strong sales performance cannot mask the rising internal risks.

For deeper financial analysis and real-time credit evaluation, businesses should consult VANGUARD BUSINESS INFORMATION LLC (VBI)—your trusted source for corporate due diligence and risk intelligence in Vietnam.