PHONG VU TRADING - SERVICE CORPORATION

PHONG VU TRADING - SERVICE CORPORATION is one of Vietnam’s long-standing retailers in the consumer electronics and ICT distribution space, operating under the Vietnamese name CÔNG TY CỔ PHẦN THƯƠNG MẠI – DỊCH VỤ PHONG VŨ. The company was established on 30 May 2007, giving it over 18 years of operating history, and it remains active. Its Business ID / TIN is 0304998358, and its transaction headquarters are located at No. 677/2A Dien Bien Phu Street, Ward 25, Binh Thanh District, Ho Chi Minh City, Vietnam.

PHONG VU’s core business is the retail sale of computers, peripheral devices, software, telecommunications equipment, and consumer electronics through specialized stores and online channels. Over time, the company has expanded its scope to include mobile devices, audio-visual equipment, gaming products, installation services, repair and maintenance, logistics, and selected wholesale and leasing activities. This broad registration reflects a strategy to build an integrated electronics retail and service ecosystem rather than operate as a pure-play reseller.

From a financial perspective, 2024 was a year of contrasting signals. Net sales rose sharply to approximately USD 105.7 million, up 22.2% year on year, indicating strong demand recovery and market share expansion. At the same time, total assets declined to USD 43.1 million, and the company recorded a net loss of USD 4.36 million, more profound than the loss in 2023. This divergence suggests margin pressure driven by pricing competition, inventory adjustments, and rising operating costs standard in Vietnam’s highly competitive electronics retail sector. A positive development, however, was the sharp improvement in working capital to USD 6.46 million, up more than 78%, alongside a recovery in owner’s equity to USD 10.84 million, signaling a stabilization of the balance sheet.

In terms of governance and ownership, the company is managed by General Director Tran T. P. C., a Singaporean national. Shareholding is concentrated, with TEKO Vietnam Technology Joint Stock Company holding 67.49%, followed by individual and institutional domestic investors. This ownership structure places PHONG VU firmly within a broader technology-enabled retail ecosystem rather than as a standalone retailer.

Overall, PHONG VU TRADING – SERVICE CORPORATION represents a high-revenue, margin-sensitive electronics retailer navigating structural shifts in consumer behavior, online competition, and cost dynamics. For suppliers, lenders, and partners, its profile underscores the importance of closely monitoring cash flow, inventory efficiency, and shareholder support when assessing counterparty risk in Vietnam’s fast-moving consumer electronics market.