HP TECHNOLOGY VIETNAM COMPANY LTD

HP TECHNOLOGY VIETNAM COMPANY LTD (CÔNG TY TNHH CÔNG NGHỆ HP VIỆT NAM) — a subsidiary of HP Inc. through its Dutch holding company ALPHA HOLDING ONE B.V. (Netherlands, 100%) — stands as one of the most recognizable technology distributors in Vietnam. The company was established on December 16, 2008, and is headquartered at No. 29, Lê Duẩn Street, Bến Nghé Ward, District 1, Ho Chi Minh City, with an additional branch in Leadvisors Tower, Phạm Văn Đồng Street, Hà Nội. It operates under Business ID 0300539709, issued by the Ho Chi Minh City Department of Planning and Investment, and has been in continuous operation for over 16 years.

The company’s leadership features a blend of international and local expertise, with Mr. Choon Teck Lim (Singaporean)serving as Chairman, Mr. Nguyen M. D. as General Director, and Mr. Ong Jack (Singaporean) as Board Member. Together, they lead a team of around 110 employees, overseeing HP’s product distribution, customer support, and service warranty network across Vietnam.

HP TECHNOLOGY VIETNAM is engaged primarily in the distribution and after-sales service of HP-branded laptops, printers, and IT equipment. The company also operates in computer consultancy, system management, and IT repair services, positioning itself as a trusted partner for both individual consumers and corporate clients.

Financially, the company’s 2024 performance reflected a period of adjustment amid market shifts. Total sales reached USD 116.19 million, up 15.48% year-on-year, demonstrating strong demand recovery after a slow 2023. Total assets stood at USD 33.96 million, a 26.35% decline, primarily due to inventory and receivables optimization, while equity decreased slightly to USD 3.05 million. The company reported a loss of USD 263,150, narrowing from the prior year’s deficit, signaling a cautious but improving bottom line. Despite fluctuations, working capital remained at USD 2.02 million, ensuring stable operations.

While profitability dipped, HP TECHNOLOGY VIETNAM’s robust sales growth and market presence reaffirm its strong distribution capacity and customer trust. The company’s ongoing investments in service infrastructure and e-commerce integration indicate a strategic shift toward digital efficiency and customer-centered growth.

With its established nationwide service network, transparent financial record, and long-term brand affiliation with HP, the company continues to be a cornerstone of Vietnam’s IT hardware and support market. However, due to margin pressure and market competition, its credit risk level is assessed as moderate, requiring monitoring of profitability trends and cash flow stability.

An updated report with complete 2024 financial statements, credit evaluation, and market outlook for HP TECHNOLOGY VIETNAM is available through VNBIS (Vanguard Business Information LLC) for those seeking detailed insights for risk management, credit control, or partnership assessment.

Prepared by VANGUARD BUSINESS INFORMATION LLC (VNBIS), a trusted provider of company intelligence and financial analysis in Vietnam.