PROLooking for more than just a company report? Upgrade to Pro now

NOVARTIS VIETNAM COMPANY LIMITED

Active

Business ID 0315531029

NOVARTIS VIETNAM COMPANY LIMITED

Active

Business ID 0315531029

NOVARTIS VIETNAM COMPANY LIMITED

Active

Summary

Name:

NOVARTIS VIETNAM COMPANY LIMITED

Business ID (TIN):

0315531029

Date of Registration:

27 Feb 2019

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Address:

Room 1001, Floor No. 10, Centec Tower, 72-74 Nguyen Thi Minh Khai, District 3, Ho Chi Minh City, Vietnam

Financial Statement:

2020, 2021, 2022, 2023, 2024

As a credit risk manager reviewing the financial performance of NOVARTIS VIETNAM COMPANY LIMITED, tax code 0315531029, several key points emerge that warrant closer attention. The company, a wholly foreign-owned subsidiary of Swiss pharmaceutical giant NOVARTIS OVERSEAS INVESTMENTS AG, has maintained impressive growth in both assets and sales over the past three years. However, the sharp decline in net profit in 2023 raises concerns about operational efficiency and bottom-line sustainability.

Headquartered at Room 1001, 10th Floor, Centec Tower, 72-74 Nguyen Thi Minh Khai Street, District 3, Ho Chi Minh City, with a registered branch in Hanoi, NOVARTIS VIETNAM is involved primarily in the import and distribution of pharmaceuticals, generic drugs, vaccines, and over-the-counter medicines. It also engages in related consulting, market research, and healthcare services. The business is legally registered as a one-member limited liability company, active since February 27, 2019.

Financially, the company showed solid top-line growth in 2023, with sales reaching USD 149.09 million, up 23.52% year-over-year. Total assets increased to USD 84.42 million, a 2.29% rise, while owner’s equity rose to USD 9.8 million, an increase of 10.54%. Working capital remained healthy at USD 7.47 million, suggesting the company retains sufficient liquidity to meet short-term obligations.

However, the most notable red flag lies in profitability. In 2023, net profit dropped sharply to USD 934,916, a 60.34% decline compared to 2022. This comes despite strong revenue and equity growth, indicating that cost of sales, operational expenses, or other external factors may have significantly eroded margins. This trend breaks with previous years, where profit had shown consistent growth—up 9.18% in 2022 and 68.49% in 2021.

The company is well-capitalized with a paid-up capital of over USD 3 million, and is fully backed by its Swiss parent. Still, the 2023 profit compression poses questions for risk management, especially for credit terms involving local partners, distributors, or service providers. For stakeholders evaluating Vietnam private financial data, this case illustrates the importance of not only tracking revenue and asset expansion but also ensuring that such growth translates into sustainable earnings.

In summary, NOVARTIS VIETNAM COMPANY LIMITED remains a financially solid entity backed by a reputable global pharmaceutical group. But its recent profit decline amid sales expansion signals internal cost pressures or structural inefficiencies that must be monitored closely. While the company is not currently a credit risk, the erosion of profit in a high-margin industry suggests a need for cautious engagement and ongoing financial review.

Legal Profile

English Name:

NOVARTIS VIETNAM COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH NOVARTIS VIỆT NAM

Short Name:

NOVARTIS VIETNAM CO.,LTD

Business ID (TIN):

0315531029

Date of Registration:

27 Feb 2019

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

DUBE A

Address:

Room 1001, Floor No. 10, Centec Tower, 72-74 Nguyen Thi Minh Khai, District 3, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

8699 Other human health activities n.e.c

Industry Sales Growth

CAGR (2019 - 2023)

40.27%

YoY (2023)

88.28%

Companies by industry

Company distribution and propportions

1,835

0.0631%

Key Industry Players

Top 10 companies in other human health activities n.e.c industry

iqvia rds vietnam limited liability company wellbe vietnam company limited aca medical service company limited smart scientific research support service corporation isolabo joint stock company astera viet nam company limited medical genetics joint stock company gene solutions lab limited liability company mailisa one member co., ltd mailisa trading one member co., ltd

Payment History

Purchase the report to access company details.

Financial Performance

Assets	59.85%
Owner’s Equity	12.55%
Working Capital	84.76%
Net Worth	-17.46%
Sales	-23.30%
Operating income	80.72%
EBIT	-6.17%
Gross Profit Margin	18.66%
Debt to EBITDA	21.05%

📈 📊

Company Reports

Company Profile Report

Legal Profile

Contact and Location

Legal Representative

Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations (on request only)

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

Report Summary

Legal Profile

Historical Information

Business Locations

Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About NOVARTIS VIETNAM COMPANY LIMITED

When did NOVARTIS VIETNAM COMPANY LIMITED start operating?

NOVARTIS VIETNAM COMPANY LIMITED was started in 27 Feb 2019

What industry does NOVARTIS VIETNAM COMPANY LIMITED operate in?

NOVARTIS VIETNAM COMPANY LIMITED is operating in "Other human health activities n.e.c" industry

How can I contact NOVARTIS VIETNAM COMPANY LIMITED?

NOVARTIS VIETNAM COMPANY LIMITED don't share phone numbers information

What adverse news is there about NOVARTIS VIETNAM COMPANY LIMITED?

NOVARTIS VIETNAM COMPANY LIMITED’s has no negative news

What is stock symbol of NOVARTIS VIETNAM COMPANY LIMITED?

NOVARTIS VIETNAM COMPANY LIMITED is not listed company

Where is the location of NOVARTIS VIETNAM COMPANY LIMITED?

NOVARTIS VIETNAM COMPANY LIMITED is located at Room 1001, Floor No. 10, Centec Tower, 72-74 Nguyen Thi Minh Khai, District 3, Ho Chi Minh City, Vietnam

What is NOVARTIS VIETNAM COMPANY LIMITED’s business registration?

NOVARTIS VIETNAM COMPANY LIMITED business registration is 0315531029

My Order (0)

NOVARTIS VIETNAM COMPANY LIMITED

NOVARTIS VIETNAM COMPANY LIMITED

NOVARTIS VIETNAM COMPANY LIMITED

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

We've just released an update!

Don’t miss any of our insights

NOVARTIS VIETNAM COMPANY LIMITED

NOVARTIS VIETNAM COMPANY LIMITED

NOVARTIS VIETNAM COMPANY LIMITED

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

Access Required

Notification