EB BINH DUONG LIMITED LIABILITY COMPANY

EB BINH DUONG LIMITED LIABILITY COMPANY (Vietnamese name: CÔNG TY TNHH EB BÌNH DƯƠNG) is a foreign-invested enterprise operating in Vietnam’s modern retail and construction-related consumer market. The company was established on 4 June 2012 and is registered with the Binh Duong Province Department of Planning and Investment under Business ID and Tax Identification Number 3702058398. With more than 13 years of operation, EB Binh Duong has developed a sizable nationwide retail presence, particularly through large-format stores and shopping-mall locations in key urban centers.

Legally structured as a limited liability company with FDI ownership, EB Binh Duong reported fully paid-up charter capital of approximately USD 4.19 million as of the end of 2023. The company employs around 450 staff, reflecting the labor-intensive nature of retail operations, logistics, store management, and customer service. Its head office is located at 555B Binh Duong Boulevard, Hiep Thanh Ward, Thu Dau Mot City, with additional branches in Binh Duong, Ho Chi Minh City, and Ha Noi, including high-profile commercial locations such as SC VivoCity and Lotte Mall Hanoi.

From a governance perspective, the company is chaired by Jariya C., a Thai national, while executive management is led by Olivier B. R. L. as General Director, supported by Phoom C. as Director. This international management structure aligns with the company’s foreign ownership, which is overwhelmingly held by Hong Kong–based entities. CAVI Retail Limited controls 98% of the equity, with the remaining 2% split between related entities, indicating a highly centralized ownership and decision-making framework.

Financially, EB Binh Duong presents a contrasting picture of strong top-line growth alongside severe profitability and balance-sheet stress. In FY2024, the company generated approximately USD 70.16 million in revenue, continuing a steady upward trend over the past three years. However, this revenue growth was accompanied by a sharp deterioration in financial health. The company recorded a net loss of approximately USD 9.05 million in 2024, compared to a smaller loss in 2023 and a profit in 2022. More critically, owner’s equity turned negative at USD -4.6 million, while net worth fell to USD -5.25 million, signaling balance-sheet insolvency.

Working capital also declined sharply to around USD -9.94 million, indicating significant short-term liquidity pressure. Despite growing sales, the company appears to be operating with high fixed costs, margin compression, and possible inventory or lease-related burdens, which are common risks for large retail operators expanding aggressively in premium commercial locations.

Operationally, EB Binh Duong specializes in operating and managing supermarkets and large retail outlets, including retail distribution, storage, franchising, and ancillary services. Its registered business lines extend beyond retail to include building completion, wholesale of household goods, property trading, and consultancy activities, offering operational flexibility but also adding complexity.

Within Vietnam’s retail landscape, EB Binh Duong stands out as a high-revenue foreign-invested player facing acute financial strain. For landlords, suppliers, and financial counterparties, the company’s negative equity position, sustained losses, and reliance on group support are critical risk factors requiring close monitoring.

For clients seeking deeper insight into EB BINH DUONG LIMITED LIABILITY COMPANY, including detailed financial diagnostics, ownership analysis, and risk indicators, VANGUARD BUSINESS INFORMATION LLC (VNBIS) provides private business intelligence and comprehensive company reports on enterprises across Vietnam and worldwide, supporting informed due diligence and risk-aware decision-making.