HOANG HA TRADING INVESTMENT AND CONSTRUCTION JOINT STOCK COMPANY

HOANG HA TRADING INVESTMENT AND CONSTRUCTION JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN XÂY DỰNG VÀ ĐẦU TƯ THƯƠNG MẠI HOÀNG HÀ) is a well-known private-sector company in Vietnam’s fast-moving consumer electronics market. Commonly recognized through its retail brand Hoang Ha Mobile, the company operates an extensive retail chain for smartphones, laptops, and tech accessories, catering to consumers nationwide via both physical outlets and online platforms.

Registered under business ID and tax code 0106713191, the company was founded in 2014 and is headquartered at No. 89 Tam Trinh Street, Mai Dong Ward, Hoang Mai District, Hanoi. With branches in Ho Chi Minh City, Hai Phong, and Thanh Hoa, its operational reach has expanded significantly over the past decade. The company is chaired and directed by Mr. Hoang Huu Huynh, who holds a 92.8% ownership stake.

Financial Landscape: Strong Sales, Shrinking Margins

In 2023, HOANG HA TRADING INVESTMENT AND CONSTRUCTION JSC reported revenue of USD 199.6 million, maintaining a consistent top-line performance year-over-year. However, net profit plummeted by 81.66%, falling to just USD 34,558—despite growth in both total assets (USD 54.48 million) and equity (USD 5.42 million). This profit drop is significant, especially considering that the company had previously achieved double-digit growth in both sales and profits during 2021–2022.

The company's negative profit trend in 2023 raises questions about cost structure, inventory management, and possible market saturation. It also signals caution for suppliers or business partners relying on long-term margin stability.

Operational Context: Fast Expansion Meets Growing Complexity

With over 1,000 employees and a charter capital of approximately USD 6.2 million, HOANG HA JSC is one of the most visible players in Vietnam’s tech retail segment. While its online platform and customer reach have positioned it as a market leader, the vast diversification in its business registration, from food services and fashion to electronics manufacturing and machinery repair, may introduce structural and managerial inefficiencies.

For stakeholders considering a commercial relationship with the company, whether for distribution, procurement, or partnership, these complexities warrant a deeper investigation.