ONE MOUNT DISTRIBUTION JOINT STOCK COMPANY

ONE MOUNT DISTRIBUTION JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN ONE MOUNT DISTRIBUTION) is a privately held joint stock company registered under Business ID: 0109153068, headquartered at 3rd Floor, Office Building T26, Times City Urban Area, No. 458 Minh Khai Street, Vinh Tuy Ward, Hai Ba Trung District, Ha Noi City, Vietnam. The company was officially incorporated on April 8, 2020, under the jurisdiction of the Hanoi Department of Planning and Investment.

Its charter capital stands at USD 119.55 million, with a paid-up capital of USD 119.54 million as of December 31, 2023. The firm operates actively in the non-specialized wholesale trade segment, focusing primarily on the Fast-Moving Consumer Goods (FMCG) sector through digital platforms such as https://vinshop.vn/.

Key Personnel

The leadership of ONE MOUNT DISTRIBUTION JSC reflects strong local expertise and corporate governance:

• Chairwoman: Nguyen T. D. (Ms. Nguyen Thi Diu) – a Vietnamese national, overseeing the company’s strategic direction and shareholder representation.

• Chief Executive Officer: Nguyen T. H. (Ms. Nguyen Thi Hong) – responsible for day-to-day operations and the digital transformation initiatives of the distribution platform.

The company employs approximately 400 staff and supports a network that connects manufacturers, suppliers, and small retailers nationwide.

Business Activities and Digital Ecosystem

ONE MOUNT DISTRIBUTION JSC plays a pivotal role in Vietnam’s modern retail supply chain by supplying business development solutions for FMCG suppliers and retailers. Its ecosystem integrates logistics, technology, and data analytics, enabling seamless B2B transactions via the VinShop platform.

Registered business lines include:

• Wholesale trade in food, beverages, tobacco, agricultural raw materials, textiles, and machinery.

• IT-related activities such as computer programming, data processing, and system management.

• Brokerage and commission services in wholesale trading.

The company’s core business model positions it as a digital bridge between producers and thousands of small retailers, driving efficiency and transparency in the distribution chain.

Shareholding Structure

The company’s ownership is almost entirely held by ONE MOUNT GROUP JOINT STOCK COMPANY (99.9%), which is a major tech and retail conglomerate in Vietnam. The two minor shareholders are Ho A. N. (0.05%) and Nguyen T. D. (0.05%). This structure demonstrates its integration within the One Mount Group ecosystem, which also encompasses technology, finance, and consumer services.

Financial Performance (USD, converted at 1 USD = 24,341 VND)

Despite a significant reduction in sales during 2023, the company’s total assets and equity increased, reflecting improved asset management and sustained investor confidence. However, the loss of USD 26.77 million indicates ongoing challenges in achieving profitability within the highly competitive FMCG distribution space.

Financial Interpretation and Credit Risk

The financials of ONE MOUNT DISTRIBUTION JOINT STOCK COMPANY reveal strong capitalization but continued operating losses since inception. The sharp decline in revenue (down 58% YoY) may result from market adjustments, supply chain volatility, or internal restructuring as the company scales its digital operations.

The company’s equity growth of 22.7% and positive working capital of USD 8.48 million suggest that liquidity remains manageable. However, persistent negative earnings place it in a moderate-to-high credit risk category, especially for short-term trade credit exposure.

Nonetheless, the backing from ONE MOUNT GROUP—a reputable corporate parent with diversified assets and strategic partnerships in technology and retail—enhances its overall stability and long-term viability.

Outlook

ONE MOUNT DISTRIBUTION JSC continues to be an integral part of Vietnam’s retail transformation, promoting digitalization and transparency in the FMCG sector. Despite short-term financial pressures, its strong capital base, expanding digital network, and strategic shareholder support indicate solid long-term growth potential.