NIPPON EXPRESS (VIETNAM) CO., LTD

NIPPON EXPRESS (VIETNAM) CO., LTD (CÔNG TY LIÊN DOANH TNHH NIPPON EXPRESS VIỆT NAM)is a leading joint venture in Vietnam’s logistics and transportation industry, known for its strong operational base, international expertise, and financial stability. The company was officially registered on May 22, 2008, under Business ID 0302065148, with its head office located at Room 5.2–5.3, 5th Floor, E-town Building, 364 Cong Hoa Street, Ward 13, Tan Binh District, Ho Chi Minh City, Vietnam, and additional offices in Ha Noi and Bac Ninh

Legal Structure and Management

The company operates as a limited liability joint venture between Nippon Express Co., Ltd. (Japan) and Transimex Corporation (Vietnam), each holding a 50 percent stake. This ownership structure combines Japanese global logistics experience with Vietnam’s local market strength, creating a well-balanced operational synergy.

Nippon Express Vietnam maintains a charter capital of USD 1.03 million and employs approximately 1,300 workers. The company is headed by Mr. Takushi M., a Japanese national serving as General Director, who oversees logistics operations, client management, and corporate governance.

Operations and Business Activities

The company provides comprehensive logistics and supply chain management services, including warehousing, freight forwarding, road transport, customs clearance, and industrial equipment installation. It also engages in non-specialized wholesale trade and computer programming activities, reflecting its integration of logistics with digital technology.

Nippon Express Vietnam serves multinational clients across the manufacturing, automotive, electronics, and retail industries. The company’s service hubs near Tan Son Nhat International Airport (Ho Chi Minh City) and Noi Bai International Airport (Ha Noi) strengthen its air and sea freight capabilities, making it a strategic partner in Vietnam’s fast-growing logistics sector.

Financial Performance

For the fiscal year ending December 31, 2024, Nippon Express Vietnam recorded total assets of USD 79.63 million, up 4.62 percent year-on-year, and owner’s equity of USD 64.61 million, a 2.31 percent increase. Sales reached USD 124.15 million, growing 19.65 percent from 2023, while net profit declined by 23.73 percent to USD 3.97 million. Despite the profit decrease, the company’s working capital improved to USD 53.66 million, a sign of strong liquidity and prudent financial management.

These figures demonstrate a stable financial structure and continued operational expansion following a period of revenue adjustment in 2023. The temporary decline in profitability is attributed to volatility in global freight rates and higher operational costs.

Risk Outlook and Credit Evaluation

From a credit management perspective, Nippon Express Vietnam maintains a low credit risk profile, supported by its balanced ownership structure, strong liquidity, and international brand reputation. Its consistent equity growth, large asset base, and extensive client network contribute to long-term stability. However, moderate earnings pressure and sector-wide cost fluctuations should continue to be monitored.

According to Vanguard Business Information LLC (VNBIS), the company remains a trusted and financially sound logistics partner, with excellent payment reliability and transparent governance. For clients and investors, cooperation with Nippon Express (Vietnam) Co., Ltd. aligns well with VNBIS’s principle of Minimizing Financial Risks and Maximizing Business Opportunities in Vietnam’s expanding logistics landscape.