GOLDEN GATE GROUP JOINT STOCK COMPANY

GOLDEN GATE GROUP JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN TẬP ĐOÀN GOLDEN GATE) is a leading player in Vietnam’s food and beverage (F&B) industry, known for developing and managing some of the most popular restaurant chains in the country. Established on April 9, 2008, the company operates under Business ID 0102721191 and is legally structured as a joint stock company. With its headquarters located on the 6th Floor of the Toyota Building in Hanoi, and a growing presence across major cities like Ho Chi Minh, Binh Duong, and Dong Nai, GOLDEN GATE GROUP JOINT STOCK COMPANY has evolved into a household name in Vietnam’s dining scene.

Under the leadership of Chairman Mr. TRAN VIET TRUNG and General Director Mr. DAO THE VINH, the company oversees a workforce of over 17,000 employees, operating multiple restaurant brands nationwide. The company’s main line of business is in restaurants and mobile food service activities, but it also maintains licenses in food processing, wholesale, retail, online sales, and even property-related services. This diversified business model has allowed GOLDEN GATE GROUP JOINT STOCK COMPANY to expand well beyond traditional restaurant operations.

Despite its expansive scale, the company’s recent financial data reflects a complex performance. As of the end of 2023, total assets were recorded at USD 118.04 million, representing a slight contraction of 2.37% compared to 2022. Meanwhile, sales revenue declined by 9.71%, from USD 286.14 million in 2022 to USD 258.35 million in 2023. This drop likely reflects market adjustments after the post-pandemic rebound seen in the previous year. More notably, the company’s net profit decreased sharply by 78.89% to USD 5.71 million, highlighting rising operational costs or margin pressure in a competitive F&B market. Nonetheless, the company maintained positive working capital at USD 4.72 million and saw a modest rise in equity, reaching USD 57.39 million, indicating retained financial stability.

The company’s charter capital as of December 31, 2023 was USD 3.20 million, with a paid-up capital of USD 3.19 million. It is listed on the OTC market under the ticker GOLDENGATE, and holds Tax Code 0102721191. Ownership of the company is shared among several large institutional investors, including GOLDEN GATE PARTNERS JOINT STOCK COMPANY (43.5%), SELETAR INVESTMENTS PTE LTD from Singapore (19.84%), and SEATOWN PRIVATE CAPITAL MASTER FUND from the Cayman Islands (9.9%), among others. This international investor base speaks to the group's strategic appeal and long-term growth prospects.

While GOLDEN GATE GROUP JOINT STOCK COMPANY has encountered short-term financial pressures, it remains one of the most recognized and widespread food service companies in Vietnam. Its operational resilience, diversified brand portfolio, and strong leadership suggest a business still positioned for long-term growth. Moving forward, the company may look to increase efficiency, adjust pricing strategies, or invest in technology and innovation to remain competitive in Vietnam’s increasingly dynamic and demanding food and beverage sector.