MICHELIN VIETNAM COMPANY LIMITED

Michelin Vietnam Company Limited is the official subsidiary of the Michelin Group, responsible for the distribution of tyres across the Vietnamese market. Since its establishment in 2009, the company has built a nationwide presence supplying tyres for passenger vehicles, trucks, buses, motorcycles, and aircraft. Headquartered in District 7 with an additional representative office in Ha Noi, the company operates with a workforce of approximately 50 employees, supported by the global expertise and brand legacy of Michelin.

Michelin Vietnam engages primarily in non specialized wholesale trade and retail distribution while also providing consulting support for fleet customers. Its product portfolio serves a wide spectrum of commercial and consumer transportation needs, positioning the company as an important supplier in Vietnam’s growing mobility and logistics sectors. One notable aspect of the Vietnamese subsidiary is its consistent alignment with Michelin Group’s global quality and sustainability standards, which strengthens its competitive positioning in a market where premium tyre demand continues to expand.

Leadership and Shareholders

The company is led by Alexis Richard, General Director and Legal Representative, who oversees corporate strategy, regulatory compliance, and the expansion of Michelin’s distribution network in Vietnam. His leadership aligns local market operations with Michelin’s global standards in customer service, product safety, and sustainable mobility.

Ownership is held entirely by Compagnie Financière Michelin SCMA of Switzerland, which maintains 100 percent equity. This structure provides the Vietnamese subsidiary with strong financial backing, operational stability, and direct integration into the global Michelin ecosystem.

Financial Growth and Market Risks

In 2023, the company generated USD 71.21 million in sales. Revenue decreased year over year, and profitability contracted after an exceptionally strong performance in 2022. Equity and total assets also declined, reflecting adjustments across the distribution network and broader pressure in the automotive sector. Working capital remains positive, supported by a relatively lean operational structure.

Operating within a competitive tyre market, Michelin Vietnam faces risks related to consumer spending shifts, import cost fluctuations, and competition from mid range and budget tyre brands. Global supply chain movements and regulatory requirements concerning safety, environmental standards, and transport infrastructure also influence performance. Investors seeking a deeper understanding of solvency, liquidity, and long term financial patterns can refer to the VNBIS Company Comprehensive Report for full details.

Business Intelligence and Risk Outlook

Vietnam’s automobile ownership is expanding and logistics demand continues to grow, creating long term opportunities for tyre distributors with strong brand recognition. Michelin Vietnam benefits from its premium product positioning, established distribution channels, and alignment with international safety and performance standards. Short term performance will depend on the recovery of consumer demand and the stability of global tyre supply chains.

Looking forward, the company is expected to maintain a stable commercial footprint supported by fleet customers, premium vehicle growth, and increasing demand for durable and fuel efficient tyres. Continued integration with Michelin’s global strategy and sustainability initiatives provides additional competitive advantages as Vietnam’s transportation sector evolves.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides a comprehensive suite of business intelligence services to support investors, partners, and financial institutions evaluating Michelin Vietnam Company Limited.

VNBIS services include:

• Company Credit Reports assessing solvency, liquidity, and financial health
• Risk Management Solutions analyzing exposure to import costs, market competition, and distribution performance
• Business Verification and Due Diligence Reports confirming ownership structure, regulatory compliance, and governance standards

For clients requiring up to date financial statements, verified company information, and fresh investigative insights, the VNBIS Company Comprehensive Report provides the most detailed and authoritative assessment available. VNBIS supports secure, transparent, and data driven business decisions.