PHU MY AUTO CORPORATION

Founded on July 26, 2011, PHU MY AUTO CORPORATION (PMA CORP) has become one of the leading automotive trading enterprises in Vietnam, serving as an authorized dealer of Ford Vietnam. Operating under Business ID: 0311016926, the company is headquartered at Lot B1, Road C2, Cat Lai 2 Industrial Park, Thanh My Loi Ward, Thu Duc City, Ho Chi Minh City, with a network that covers both retail and service operations. With more than 14 years of experience in the automotive industry, PHU MY AUTO is known for its professionalism, customer service quality, and extensive product portfolio in vehicles, parts, and accessories.

Professional Leadership and Operations

The company is managed by General Director Tran Q. T., an experienced executive in Vietnam’s car distribution sector. With a workforce of 154 employees and a paid-up capital of USD 2.79 million, PHU MY AUTO CORPORATIONhas established a solid presence as a key player in the sale, leasing, and maintenance of Ford vehicles. In addition to its core business of automobile trading, the company is involved in motor vehicle repair, parts manufacturing, leasing services, and logistics, giving it a diversified and resilient business model.

Financial Performance – Impressive Revenue Growth in 2023

In 2023, PHU MY AUTO CORPORATION recorded a remarkable expansion in its operational scale. Total assets rose to USD 35.45 million, an increase of 43.67% year-on-year, while sales revenue surged to USD 103.6 million, up 46.11% compared to 2022. This growth was driven by rising vehicle demand, expanded dealership operations, and the company’s ability to adapt to post-pandemic consumer trends. However, owner’s equity decreased slightly by 9.04%, settling at USD 3.7 million, and net profit fell to USD 804,759, a 31.36% decline, mainly due to higher operating costs and tighter margins in Vietnam’s competitive automotive market. The company’s working capital of USD 2.63 millionremains sufficient for its scale of operations, reflecting good liquidity control.

Market Position and Strategic Outlook

As part of the City Auto Corporation group, which holds a 96% ownership stake, PHU MY AUTO benefits from strong corporate backing and extensive industry connections. Its position as a major Ford dealer gives it access to advanced technology, brand prestige, and a steady customer base across southern Vietnam. Despite recent margin pressure, the company’s strong revenue growth and asset expansion indicate a healthy business trajectory and a solid foundation for long-term success.

Conclusion

With over a decade of experience, professional management, and robust growth, PHU MY AUTO CORPORATIONcontinues to strengthen its reputation as a trusted name in Vietnam’s automotive distribution landscape. Its steady financial performance, brand partnerships, and strategic adaptability reflect a company that remains well-positioned for future opportunities in the rapidly evolving auto industry.

For partners and investors seeking detailed insight into this enterprise, VNBIS provides comprehensive Financial Reports and Company Analyses on PHU MY AUTO CORPORATION and other key players in Vietnam’s automotive and manufacturing sectors—helping clients minimize risks and maximize opportunities in business collaboration.