HABECO COMMERCE ONE MEMBER COMPANY LIMITED

HABECO COMMERCE ONE MEMBER COMPANY LIMITED (Công Ty TNHH Một Thành Viên Thương Mại Habeco) is a wholly owned subsidiary of Hanoi Beer Alcohol and Beverage Joint Stock Corporation, registered as a one-member limited liability company with Business ID 0104068531. The company was established on July 21, 2009, and is legally headquartered at No. 183 Hoang Hoa Tham Street, Ngoc Ha Ward, Ba Dinh District, Hanoi City, Vietnam.

With a paid-up charter capital of just over USD 2.05 million, HABECO Commerce focuses primarily on the distribution of canned and bottled beers. It also registers in supporting business lines such as beverage retail and wholesale, advertising, and event organization. The company operates several branches in Nghe An, Nam Dinh, and Hung Yen provinces.

The leadership includes Chairman Tran T. T., Director Nguyen M. H., and Deputy Director Chu Q. H. Together, they manage a workforce of around 350 employees.

However, HABECO Commerce’s financials for 2023 reflect a period of sharp decline. Total sales decreased to USD 165.75 million, representing a nearly 15% decline from the previous year. Profit fell dramatically to just USD 105,340—a decrease of nearly 87% compared to 2022. Total assets also declined by over 21%, now standing at USD 26.01 million. Meanwhile, equity decreased to USD 2.65 million, highlighting a weakening capital base and reduced retained earnings.

Despite still being active, these figures raise concerns about the company’s cost structure, market competitiveness, and long-term financial resilience. The steep decline in both revenue and profit, combined with a decline in equity, may indicate strategic misalignment or erosion of market share.

Given this financial trajectory, Vanguard Business Information LLC (VBI) strongly recommends obtaining a full due diligence report before establishing new supply agreements or financial exposure. A comprehensive VBI report will reveal further insights into distribution capacity, internal financial practices, and external market pressures that are not reflected in headline figures alone.