HIỆP QUẾ CO., LTD

HIỆP QUẾ CO., LTD (CÔNG TY TNHH THƯƠNG MẠI DỊCH VỤ HIỆP QUẾ) is a privately held limited liability company based in the heart of Ho Chi Minh City, Vietnam. Officially established on January 13, 2004, the company operates under the business registration number (tax code) 0303172752, with its head office located at 724 Tran Hung Dao, Ward 02, District 5, Ho Chi Minh City. Over more than 21 years of continuous operation, HIỆP QUẾ CO., LTD has built a strong presence in Vietnam’s commercial and distribution sector, focusing primarily on commission agency, brokerage, and auction services.

The financial performance of HIỆP QUẾ CO., LTD in 2023 reveals a company under transitional strain, despite retaining significant revenue. The firm reported total sales of USD 233.49 million, a marked decline of 38.85% compared to its exceptionally high revenue in 2022. This contraction in revenue coincided with a steep drop in total assets to USD 55.76 million, down 13.47% year-on-year. Despite these declines, the company maintains positive working capital of USD 8.77 million, indicating a healthy buffer for short-term obligations. However, profitability took a hit, as the company posted a net loss of USD 246,559, reversing from a profit of USD 770,483 in the previous year.

The company’s equity remains stable at USD 13.54 million, with only a slight decrease of 2.1% compared to 2022. This suggests that while profitability challenges exist, the company still retains a solid capital base. HIỆP QUẾ CO., LTD employs a lean team of 16 personnel, reflecting its focused business model, which relies heavily on strategic partnerships, networks, and transactional services rather than labor-intensive manufacturing or large-scale logistics.

Ownership is highly concentrated, with Ms. Huỳnh Thị Ngọc Liên holding 98.2% of the company’s shares and serving as Chairman of the Members' Council. Her leadership has been central to the company’s long-term continuity.  Mr. Nguyễn Văn Quới, also a Vietnamese national, holds the remaining 1.8% stake. This tight-knit ownership structure allows for quick decision-making and strong alignment of business direction.

As a firm specializing in commission-based services and brokerage, HIỆP QUẾ CO., LTD plays an intermediary role across a wide spectrum of trading and commercial activities in Vietnam. This business model allows for flexibility and scalability during economic upturns, but it can also lead to revenue volatility in periods of market contraction—as reflected in the sharp sales decline in 2023. Rebuilding momentum will likely depend on expanding the company’s client base, diversifying commission categories, or leveraging digital platforms for auction and trading facilitation.

In conclusion, HIỆP QUẾ CO., LTD, operating under tax code 0303172752, remains an active and resilient player in Vietnam’s trading services sector. Although the most recent fiscal year showed a downturn in both revenue and profit, the company’s strong capital base, experienced leadership, and solid operational history suggest it is well-positioned to stabilize and recover. With over two decades of market engagement, HIỆP QUẾ CO., LTD is expected to continue adapting and contributing to Vietnam’s dynamic commercial environment.