EXPRESS DELIVERY SERVICES CORPORATION

EXPRESS DELIVERY SERVICES CORPORATION (CÔNG TY CỔ PHẦN DỊCH VỤ GIAO HÀNG NHANH), tax code 0311907295, is one of Vietnam’s fastest-growing logistics companies, headquartered at No. 405/15, Xo Viet Nghe Tinh Street, Ward 24, Binh Thanh District, Ho Chi Minh City. Since its founding in 2012, the company has transformed into a dominant force in last-mile and e-commerce delivery, operating under the trade name Giao Hàng Nhanh (GHN) and serving major cities through a wide branch network.

The company’s growth in 2023 was nothing short of remarkable. Total assets surged to USD 126.5 million, up 32.9%from the previous year. Revenue hit USD 191.34 million, a 28.49% increase, continuing a strong upward trend in demand for nationwide parcel delivery and warehousing services. However, the most striking achievement lies in profitability: net profit skyrocketed to USD 16 million, marking a 337.75% jump over 2022. This follows consecutive years of explosive profit growth, signaling that EXPRESS DELIVERY SERVICES CORPORATION has not only scaled quickly but is now operating with increasing efficiency and margin control.

Equity also grew exponentially, reaching USD 21.71 million, a 280.43% year-over-year increase, supported by reinvested profits and possibly stronger backing from the majority shareholder, SCOMMERCE INVESTMENT CORPORATION, which holds 99.98% ownership. The company’s charter capital remains at USD 12.32 million, fully paid in as of the end of 2023.

Led by General Director Mr. LUONG DUY HOAI, the company’s strategic vision has successfully aligned with Vietnam’s e-commerce boom, allowing GHN to secure a key role in supporting large-scale merchants and tech platforms. With strong working capital (USD 49.85 million) and rising net worth, the company is well positioned to expand infrastructure, technology systems, and delivery capacity in coming years.

From a credit and business intelligence standpoint, EXPRESS DELIVERY SERVICES CORPORATION now represents a low-risk, high-growth candidate for potential lenders, partners, and investors in the logistics and tech-enabled supply chain space. Its turnaround from a mid-sized courier to a profitability leader in just three years reflects robust internal execution and external demand. Continued monitoring of cash flows and scalability plans will be key to sustaining this momentum.