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KHANH HOA SALANGANES NEST COMPANY

Active

Business ID 4200338918

KHANH HOA SALANGANES NEST COMPANY

Active

Business ID 4200338918

KHANH HOA SALANGANES NEST COMPANY

Active

Summary

Name:

KHANH HOA SALANGANES NEST COMPANY

Business ID (TIN):

4200338918

Date of Registration:

26 Nov 2009

Registered Office:

Khanh Hoa Department of Planning and Investment

Address:

No. 248, Thong Nhat Street, Phuong Sai Ward, Nha Trang City, Khanh Hoa Province, Vietnam

Financial Statement:

2020, 2021, 2022, 2023, 2024

KHANH HOA SALANGANES NEST COMPANY, locally known as Công ty Yến Sào Khánh Hòa, is one of Vietnam’s most iconic state-owned enterprises. It is renowned for producing and exporting high-value edible bird’s nests. Headquartered in Nha Trang, this enterprise plays a central role in preserving and commercializing the centuries-old tradition of harvesting salangane nests from the rugged coastal islands of Khanh Hoa Province.

The company, owned by the Khanh Hoa Provincial People’s Committee, has operated since 2009. Over the years, it has expanded beyond nest extraction and processing into a diversified business ecosystem that includes tourism, transportation, real estate, entertainment, and water utilities. With over 3,000 employees, it is a vital regional employer and a major contributor to the province’s economic and cultural identity.

Despite its heritage and brand power, KHANH HOA SALANGANES NEST COMPANY has faced a significant financial downturn. In 2024, its revenue declined sharply to approximately USD 89.9 million, marking a 28.6% drop compared to the previous year. Profitability also hit, falling to USD 7.5 million—a more than 20% decrease. Total assets decreased to around USD 65 million, and equity declined modestly to about USD 47.9 million.

This contraction could reflect broader shifts in consumer behavior, price sensitivity in traditional export markets, or increasing competition in the health supplement and luxury food sectors. While demand for bird’s nest products remains strong in East Asia, especially in China, the industry is becoming more competitive, with more suppliers and a push for traceability and quality assurance.

Yet, the company remains financially sound, with a healthy equity base and nearly USD 18 million in working capital. It continues to capitalize on the premium reputation of Khanh Hoa’s natural nesting sites, which are known for producing some of Asia's highest-quality bird nests.

In the future, KHANH HOA SALANGANES NEST COMPANY will need to strengthen its marketing strategies, modernize product lines, and invest in brand renewal to attract a younger generation of consumers and expand beyond traditional markets. With its established infrastructure and government backing, the company still holds a dominant position in Vietnam’s bird’s nest sector—but long-term success will depend on innovation, efficiency, and global market responsiveness.

Legal Profile

English Name:

KHANH HOA SALANGANES NEST COMPANY

Vietnamese Name:

CÔNG TY TNHH NHÀ NƯỚC MỘT THÀNH VIÊN YẾN SÀO KHÁNH HÒA

Short Name:

CÔNG TY YẾN SÀO KHÁNH HÒA

Business ID (TIN):

4200338918

Date of Registration:

26 Nov 2009

Registered Office:

Khanh Hoa Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

LE H.H

Address:

No. 248, Thong Nhat Street, Phuong Sai Ward, Nha Trang City, Khanh Hoa Province, Vietnam

Business Sector

Key business lines:

VSIC:

0231 Extraction of non-wood forest products

Industry Sales Growth

CAGR (2019 - 2023)

-4.47%

YoY (2023)

1.55%

Companies by industry

Company distribution and propportions

0.0032%

Key Industry Players

Top 10 companies in extraction of non-wood forest products industry

forest products export joint stock company of quang nam khanh hoa salanganes nest company (translated name) tuan nhan one member company limited (translated name) xuan tien thanh construction - trading company limited dong do export forestry agriculture joint stock company (translated name) na sa technology joint stock company (translated name) nam nhung company limited tuyen quang production, trade processing and investment joint stock company (translated name) anh cong equipment company limited công ty tnhh sxtm lâm sản hưng thịnh phát

Payment History

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Financial Performance

Assets	96.73%
Owner’s Equity	-38.98%
Working Capital	-46.47%
Net Worth	-20.94%
Sales	-77.44%
Operating income	-8.96%
EBIT	-13.51%
Gross Profit Margin	7.10%
Debt to EBITDA	-93.09%

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Specific Questions About KHANH HOA SALANGANES NEST COMPANY

When did KHANH HOA SALANGANES NEST COMPANY start operating?

KHANH HOA SALANGANES NEST COMPANY was started in 26 Nov 2009

What industry does KHANH HOA SALANGANES NEST COMPANY operate in?

KHANH HOA SALANGANES NEST COMPANY is operating in "Extraction of non-wood forest products" industry

How can I contact KHANH HOA SALANGANES NEST COMPANY?

KHANH HOA SALANGANES NEST COMPANY don't share phone numbers information

What adverse news is there about KHANH HOA SALANGANES NEST COMPANY?

KHANH HOA SALANGANES NEST COMPANY’s has no negative news

What is stock symbol of KHANH HOA SALANGANES NEST COMPANY?

KHANH HOA SALANGANES NEST COMPANY is not listed company

Where is the location of KHANH HOA SALANGANES NEST COMPANY?

KHANH HOA SALANGANES NEST COMPANY is located at No. 248, Thong Nhat Street, Phuong Sai Ward, Nha Trang City, Khanh Hoa Province, Vietnam

What is KHANH HOA SALANGANES NEST COMPANY’s business registration?

KHANH HOA SALANGANES NEST COMPANY business registration is 4200338918

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