EXPEDITORS VIETNAM COMPANY LIMITED (Công Ty TNHH Expeditors Việt Nam), a wholly foreign-owned logistics provider, is the Vietnamese branch of the global freight forwarding giant Expeditors International, with full ownership under Expeditors Hong Kong Limited. Established in 2013, the company operates with a modest charter capital of just over USD 258,000 but has handled substantial commercial volume, historically generating hundreds of millions in annual revenue. Its headquarters is located in District 11, Ho Chi Minh City, with additional offices in Hanoi and Da Nang, reflecting its nationwide logistics network.

However, 2023 marked a dramatic contraction for EXPEDITORS VIETNAM. Total revenue plummeted to USD 219.29 million, down nearly 70% from the previous year. Net profit fell in tandem, sliding 58.42% to USD 17.4 million, and total assets shrank to USD 39.83 million, a significant drop from over USD 100 million two years earlier. While the company remains profitable, its equity position also declined sharply, falling from over USD 42 million in 2022 to USD 17.7 million in 2023.

This downturn follows two years of relatively stable performance and may reflect broader global trade slowdowns, shifting supply chains, or internal restructuring. With its core activities spanning freight forwarding, customs brokerage, warehousing, vendor consolidation, and tailored logistics solutions, EXPEDITORS VIETNAM operates in a sector highly sensitive to geopolitical and macroeconomic volatility. The steep revenue and profit declines suggest either a major contraction in client volume or strategic offloading of business segments.

Under the direction of Ms. Koh Mong Pheng, a Malaysian national serving as General Director, the company continues to provide integrated logistics solutions across Vietnam. The current numbers, however, point to a business in a transitional phase, possibly realigning its service portfolio or reacting to reduced demand from international shipping routes. Despite the decline, the company’s working capital remains relatively strong at over USD 17 million, which may help cushion against further volatility.

In summary, EXPEDITORS VIETNAM COMPANY LIMITED still stands as a key logistics player in Vietnam’s trade infrastructure, but 2023 exposed major vulnerabilities in its growth trajectory. It remains to be seen whether the current downturn is cyclical or structural. For those seeking detailed insights, litigation history, or full risk profiles on Expeditors or other companies in Vietnam, visit VANGUARD BUSINESS INFORMATION LLC (VBI), the premier source for verified business intelligence.