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EXPRESS DELIVERY SERVICES CORPORATION

Active

Business ID 0311907295

EXPRESS DELIVERY SERVICES CORPORATION

Active

Business ID 0311907295

EXPRESS DELIVERY SERVICES CORPORATION

Active

Summary

Name:

EXPRESS DELIVERY SERVICES CORPORATION

Business ID (TIN):

0311907295

Date of Registration:

02 Aug 2012

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Address:

No. 405/15, Xo Viet Nghe Tinh Street, Ward 24, Binh Thanh District, Ho Chi Minh City, Vietnam

Financial Statement:

2020, 2021, 2022, 2023, 2024

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.

Legal Profile

English Name:

EXPRESS DELIVERY SERVICES CORPORATION

Vietnamese Name:

CÔNG TY CỔ PHẦN DỊCH VỤ GIAO HÀNG NHANH

Short Name:

EXPRESS DELIVERY SERVICES CORP

Business ID (TIN):

0311907295

Date of Registration:

02 Aug 2012

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

LUONG D.H

Address:

No. 405/15, Xo Viet Nghe Tinh Street, Ward 24, Binh Thanh District, Ho Chi Minh City, Vietnam

Branch:

3rd Floor, Lu Gia Plaza, No. 70, Lu Gia Street, Ward 15, District 11, Ho Chi Minh City, Vietnam

Branch:

No. 106, Ky Dong Street, Xuan Ha Ward, Thanh Khe District, Da Nang City, Vietnam

Representative office:

3rd Floor, CT-IN Building, No. 435, Hoang Van Thu Street, Ward 4, Tan Binh District, Ho Chi Minh City, Vietnam

Branch:

9th Floor, Mipec Building, No. 229, Tay Son Street, Nga Tu So Ward, Dong Da District, Ha Noi City, Vietnam

Branch:

No. 105C, Dong Khoi Street, Quarter 8, Tan Phong Ward, Bien Hoa City, Dong Nai Province, Vietnam

Branch:

No. 124, Vo Van Kiet Street, Binh Trung Area, Long Hoa Ward, Binh Thuy District, Can Tho City, Vietnam

Branch:

No. 149, Road 23/3, Nghia Tan Ward, Gia Nghia City, Dak Nong Province, Vietnam

Branch:

No. 355, Le Hong Phong Street, Ward 3, Soc Trang City, Soc Trang Province, Vietnam

Transaction office:

3rd Floor, Rivera Park Building, No. 7/28, Thanh Thai Street, Ward 14, District 10, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

5320 Courier activities

Industry Sales Growth

CAGR (2019 - 2023)

4.55%

YoY (2023)

29.26%

Companies by industry

Company distribution and propportions

2,679

0.0921%

Key Industry Players

Top 10 companies in courier activities industry

ups vietnam joint stock company new post express joint stock company vn post express joint stock corporation express delivery services corporation noibai express and trading joint stock company nin sing logistics company limited thuan phong express company limited bambooship corporation kex express (vietnam) company limited dth import and export limited company

Payment History

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Financial Performance

Assets	90.54%
Owner’s Equity	-82.86%
Working Capital	95.60%
Net Worth	34.52%
Sales	-13.23%
Operating income	4.26%
EBIT	59.58%
Gross Profit Margin	-32.66%
Debt to EBITDA	34.25%

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Negative Payment Records

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Specific Questions About EXPRESS DELIVERY SERVICES CORPORATION

When did EXPRESS DELIVERY SERVICES CORPORATION start operating?

EXPRESS DELIVERY SERVICES CORPORATION was started in 02 Aug 2012

What industry does EXPRESS DELIVERY SERVICES CORPORATION operate in?

EXPRESS DELIVERY SERVICES CORPORATION is operating in "Courier activities" industry

How can I contact EXPRESS DELIVERY SERVICES CORPORATION?

EXPRESS DELIVERY SERVICES CORPORATION don't share phone numbers information

What adverse news is there about EXPRESS DELIVERY SERVICES CORPORATION?

EXPRESS DELIVERY SERVICES CORPORATION’s has no negative news

What is stock symbol of EXPRESS DELIVERY SERVICES CORPORATION?

EXPRESS DELIVERY SERVICES CORPORATION is not listed company

Where is the location of EXPRESS DELIVERY SERVICES CORPORATION?

EXPRESS DELIVERY SERVICES CORPORATION is located at No. 405/15, Xo Viet Nghe Tinh Street, Ward 24, Binh Thanh District, Ho Chi Minh City, Vietnam

What is EXPRESS DELIVERY SERVICES CORPORATION’s business registration?

EXPRESS DELIVERY SERVICES CORPORATION business registration is 0311907295

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