S-RETAIL VN COMPANY LIMITED (CÔNG TY TNHH S-RETAIL VN): Strong Sales, Fragile Finances in Vietnam’s Retail Tech Space

S-RETAIL VN COMPANY LIMITED (CÔNG TY TNHH S-RETAIL VN), known as S-RETAIL VN CO., LTD., is a foreign-invested retail technology company headquartered at 24th Floor, Saigon Centre 2 Building, No. 67 Le Loi Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam. Registered under tax code 0316606823, the company was established on November 24, 2020, and has grown rapidly within just four years of operation.

As a one-member limited liability company fully owned by S-RETAIL VN PRIVATE LIMITED from Singapore, the firm has made impressive strides in Vietnam’s digital commerce and fashion retail segment. The company is led by DANG H.M, who serves as Director and spearheads operations across retail sectors including clothing, accessories, phones, and more—primarily through non-store channels aligned with online platforms.

According to its latest Company Financial Data, S-RETAIL VN COMPANY LIMITED posted USD 196.97 million in sales revenue in 2023, nearly doubling its performance from the prior year with a 95.1% increase. This explosive growth helped the company achieve its first profit of USD 1.8 million, marking a dramatic turnaround from losses in previous years.

However, this growth story is not without its risks. The company continues to show negative equity of USD -6.84 million, though this figure has slightly improved from the previous year. Its working capital is also in deficit at USD -8.34 million, a red flag from a risk management standpoint. This financial imbalance underscores the importance of conducting thorough due diligence and reviewing company reports before engaging in any long-term business or credit arrangements.

Assets have surged to USD 40.86 million, representing a 97.98% increase year-over-year, while the firm’s charter capital remains at approximately USD 410,829. Despite this modest capital base, the company’s scale of operation is disproportionately large—another factor worth evaluating in terms of financial risk exposure.

Backed by a strong international shareholder and buoyed by fast-growing sales, S-RETAIL VN COMPANY LIMITEDstands out in Vietnam’s dynamic retail tech environment. Nevertheless, persistent equity deficits and thin margins require close monitoring. Investors, partners, and stakeholders are advised to utilize VBI's Company Report services to assess both the growth potential and the financial vulnerabilities of this fast-rising enterprise.