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KHANH VIET CORPORATION LIMITED

Active

Business ID 4200486169

84-258 / 352 5572 / 352 2418 / 352 6790 / 352 5334

KHANH VIET CORPORATION LIMITED

Active

Business ID 4200486169

84-258 / 352 5572 / 352 2418 / 352 6790 / 352 5334

KHANH VIET CORPORATION LIMITED

Active

Summary

Name:

KHANH VIET CORPORATION LIMITED

Business ID (TIN):

4200486169

Date of Registration:

05 Jan 2011

Registered Office:

Khanh Hoa Province Department of Finance

Address:

No. 118, Hung Vuong Street, Nha Trang Ward, Khanh Hoa Province, Vietnam

Phone:

84-258 / 352 5572 / 352 2418 / 352 6790 / 352 5334

Fax:

(84-258) 3524 221

Financial Statement:

2020, 2021, 2022, 2023, 2024

Founded on January 5, 2011, and operating as a one-member limited liability company under the sole ownership of the People's Committee of Khanh Hoa Province, KHANH VIET CORPORATION LIMITED (TỔNG CÔNG TY KHÁNH VIỆT - CÔNG TY TNHH MỘT THÀNH VIÊN), commonly known as KHATOCO, represents one of the most recognizable state-owned enterprises in central Vietnam. With its headquarters located at No. 118 Hung Vuong Street, Loc Tho Ward, Nha Trang City, the company is a major economic driver not only in Khanh Hoa Province but across the southern and central coastal regions.

Registered under Business ID and Tax Code 4200486169, KHATOCO has long been associated with the manufacture of tobacco products, but its operations extend far beyond cigarettes. The enterprise is active in garment and textile production, crocodile and ostrich farming, food processing, and even tourism services. The group has developed a vertically integrated model that reflects state-owned enterprises’ traditional role in fostering local economic diversification.

As of the end of 2023, KHATOCO reported a charter capital of USD 97.2 million, with USD 96 million fully paid, and a workforce of nearly 3,000 employees. The corporation maintains branches in Ho Chi Minh City, Quang Nam, and multiple operational sites within Khanh Hoa Province, evidencing its expansive national reach.

The 2023 financial results, however, illustrate a year of contraction. Total sales declined sharply by 35.54%, dropping to USD 210.42 million, after reaching a peak of above USD 326 million the previous year. Profit also declined significantly, by 31.76%, to USD 7.98 million, despite historically stable margins. These losses were coupled with a 4.66% decrease in total assets, now at USD 234.19 million, and a 4.06% reduction in owner’s equity, which remains at a solid USD 96 million.

The downturn suggests broader structural challenges or market headwinds impacting the company’s core industries, especially tobacco, a sector increasingly regulated both domestically and internationally. That said, the corporation continues to maintain a healthy working capital of USD 31.99 million, supporting its liquidity and operational resilience.

Despite the difficult year, KHATOCO (TỔNG CÔNG TY KHÁNH VIỆT - CÔNG TY TNHH MỘT THÀNH VIÊN) remains a powerful regional entity. Its multi-sector engagement—from agriculture and manufacturing to hospitality and food processing—positions it uniquely among Vietnamese SOEs. As it adapts to shifting regulatory, economic, and consumer landscapes, KHATOCO’s ability to modernize its operations and diversify away from legacy tobacco revenues will be critical in determining its trajectory in the coming years.

Legal Profile

English Name:

KHANH VIET CORPORATION LIMITED

Vietnamese Name:

TỔNG CÔNG TY KHÁNH VIỆT - CÔNG TY TNHH MỘT THÀNH VIÊN

Short Name:

KHATOCO

Business ID (TIN):

4200486169

Date of Registration:

05 Jan 2011

Registered Office:

Khanh Hoa Province Department of Finance

Ownership Status:

State-owned

Operation Status:

Active

Contacts

Key Decision Makers:

+ LE Q.T

+ TRAN M.Q

+ CAP H.N

+ DAO D.P

Address:

No. 118, Hung Vuong Street, Nha Trang Ward, Khanh Hoa Province, Vietnam

Phone:

84-258 / 352 5572 / 352 2418 / 352 6790 / 352 5334

Fax:

(84-258) 3524 221

Branch:

No. 259A, Hai Ba Trung Street, Vo Thi Sau Ward, District 3, Ho Chi Minh City, Vietnam

Branch:

Phu Binh Hamlet, Tam Phu Commune, Tam Ky City, Quang Nam Province, Vietnam

Branch:

Nga Hai Village, Khanh Phu Commune, Khanh Vinh District, Khanh Hoa Province, Vietnam

Factory Address:

Lot CN1-1, Trang E Industrial Cluster, Suoi Cat Commune, Cam Lam District, Khanh Hoa Province, Vietnam

Factory Address:

Lot NM1, Road No. 1, Khatoco - Ninh Ich Industrial Cluster, Ninh Ich Commune, Ninh Hoa Town, Khanh Hoa Province, Vietnam

Factory Address:

A part of Lot B5, An Phu Industrial Park, Binh Kien Commune, Tuy Hoa City, Phu Yen Province, Vietnam

Factory Address:

Road D2, Bac Vinh Industrial Park, Hung Dong Commune, Vinh City, Nghe An Province, Vietnam

Branch:

Cau Da Wharf, Vinh Nguyen Ward, Nha Trang City, Khanh Hoa Province, Vietnam

Business Sector

Key business lines:

VSIC:

1200 Manufacture of tobacco products

NACE:

12.00 Manufacture of tobacco products

NAICS:

31223 Tobacco Manufacturing

Industry Sales Growth

CAGR (2019 - 2023)

-1.57%

YoY (2023)

7.01%

Companies by industry

Company distribution and propportions

0.0027%

Key Industry Players

Top 10 companies in manufacture of tobacco products industry

ngan son joint stock company thang long tobacco company limited vietnam national tobacco corporation thanh hoa tobacco company limited khanh viet corporation limited saigon industry corporation british american tobacco - vinataba (jv) bentre tobacco company limited cuu long tobacco company limited vina-bat joint venture company limited

Payment History

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Financial Performance

Assets	-83.81%
Owner’s Equity	-66.30%
Working Capital	33.71%
Net Worth	-5.65%
Sales	78.18%
Operating income	-42.93%
EBIT	-79.31%
Gross Profit Margin	-77.28%
Debt to EBITDA	-51.02%

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Specific Questions About KHANH VIET CORPORATION LIMITED

When did KHANH VIET CORPORATION LIMITED start operating?

KHANH VIET CORPORATION LIMITED was started in 05 Jan 2011

What industry does KHANH VIET CORPORATION LIMITED operate in?

KHANH VIET CORPORATION LIMITED is operating in "Manufacture of tobacco products" industry

How can I contact KHANH VIET CORPORATION LIMITED?

KHANH VIET CORPORATION LIMITED phone numbers is 84-258 / 352 5572 / 352 2418 / 352 6790 / 352 5334

What adverse news is there about KHANH VIET CORPORATION LIMITED?

KHANH VIET CORPORATION LIMITED’s has no negative news

What is stock symbol of KHANH VIET CORPORATION LIMITED?

KHANH VIET CORPORATION LIMITED is not listed company

Where is the location of KHANH VIET CORPORATION LIMITED?

KHANH VIET CORPORATION LIMITED is located at No. 118, Hung Vuong Street, Nha Trang Ward, Khanh Hoa Province, Vietnam

What is KHANH VIET CORPORATION LIMITED’s business registration?

KHANH VIET CORPORATION LIMITED business registration is 4200486169

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