DSV AIR & SEA COMPANY LIMITED

DSV AIR & SEA COMPANY LIMITED (Vietnamese name: CÔNG TY TNHH DSV AIR & SEA) is a limited liability company with foreign direct investment (FDI) status operating actively in Vietnam’s logistics and transportation services sector. Incorporated on September 25, 2008, the company has developed a strong presence over 16 years of operation. It is legally registered with the Ho Chi Minh City Department of Planning and Investment under tax code 0306033041.

The company’s main office is located at 3B Floor, Republic Plaza Tower, No. 18E, Cong Hoa Street, Ward 4, Tan Binh District, Ho Chi Minh City, Vietnam, with an additional branch in Ha Noi at the 18th Floor of PEAKVIEW Tower. DSV AIR & SEA is a subsidiary of DSV AIR & SEA HOLDING A/S of Denmark, which holds 99% ownership, while the remaining 1% belongs to a Vietnamese shareholder. The company operates in the field of logistics, with registered business activities in warehousing, storage, and other transportation support services.

Under the leadership of Mr. Herding E., a Canadian national serving as General Director, the company oversees a workforce of approximately 100 employees. It operates with a charter capital of USD 250,606 and a paid-up capital of USD 261,294.

Despite a challenging financial year in 2023, the company remains a significant player in the Vietnamese logistics landscape. Total assets declined sharply to USD 51.41 million, representing a 54.16% drop compared to 2022. Similarly, equity fell by 63.41% to USD 22.46 million. Sales revenue dropped by more than half, from over USD 352 million in 2022 to USD 161.57 million in 2023. Profit also decreased by 43.5%, totaling USD 21.48 million in 2023.

These figures mark a notable downturn following record growth in 2021 and 2022, when DSV AIR & SEA had benefited from surges in global logistics demand and supply chain disruptions. However, despite the contraction in financial performance, the company maintains solid working capital of USD 21.22 million, which supports its ongoing operations and adaptability in a recovering logistics market.

DSV AIR & SEA COMPANY LIMITED continues to play an essential role in connecting Vietnam’s exporters and importers with global markets. As part of the international DSV Group, the company is backed by substantial resources and technical expertise. With strategic offices in both southern and northern Vietnam, it remains well-positioned to serve clients nationwide as the logistics industry stabilizes following the pandemic.