GS 25 VIETNAM LIMITED LIABILITY COMPANY

GS 25 VIETNAM LIMITED LIABILITY COMPANY (CÔNG TY TNHH GS 25 VIETNAM) is the operator of the GS25 convenience store chain in Vietnam, one of the fastest-growing modern retail brands in the country 

Established on 03 October 2017, the company holds Business ID 0314658576, registered with the Ho Chi Minh City Department of Planning and Investment. It operates as a one-member limited liability company with charter capital of USD 55.63 million, fully paid as of 31 December 2024. The company employs over 3,000 staff, reflecting its large-scale retail footprint.

The registered head office is located at No. 138–142 Hai Ba Trung Street, Da Kao Ward, District 1, Ho Chi Minh City, Vietnam. It maintains branches in Ho Chi Minh City and Ha Noi, supporting nationwide expansion. The company’s core business is the operation of GS25 convenience stores, focusing on retail sale of food, beverages, consumer goods, and ready-to-eat products.

Financial Performance Overview

GS25 Vietnam has demonstrated strong revenue growth, though profitability remains under pressure:

• Total assets increased sharply to USD 37.83 million in 2024, up 67% year-on-year.

• Revenue rose consistently from USD 52.13 million (2022) to USD 83.40 million (2024), reflecting rapid store expansion.

• Despite rising sales, the company recorded a net loss of USD 5.20 million in 2024, following losses in previous years.

• Equity nearly doubled to USD 23.64 million, supported by capital injections.

• Working capital improved significantly to USD 6.37 million, strengthening short-term liquidity.

The data indicates an aggressive growth strategy, prioritizing market share expansion over short-term profitability—typical for modern convenience retail chains scaling in competitive urban markets.

Management and Ownership

The company is led by General Director MAI T. N.

GS25 Vietnam is wholly owned (100%) by GS RETAIL VIETNAM JOINT VENTURE LIMITED LIABILITY COMPANY, consolidating ownership within the broader GS retail group structure.

With accelerating revenue growth, expanding equity base, and a large workforce, GS25 Vietnam remains in an expansion phase. Future performance will depend on achieving operating leverage and narrowing accumulated losses as store density and brand penetration continue to increase across major Vietnamese cities.