SACO IMPORT EXPORT SERVICE TRADING COMPANY LIMITED

SACO IMPORT EXPORT SERVICE TRADING COMPANY LIMITED (Vietnamese: CÔNG TY TNHH THƯƠNG MẠI DỊCH VỤ XUẤT NHẬP KHẨU SACO, Tax Code: 0315486288) is a dynamic private enterprise operating out of No. 22, Road No. 75, Tan Phong Ward, District 7, Ho Chi Minh City, Vietnam. Founded on January 17, 2019, the company has established itself in the trading of rolled steel and other metal products, with a business license that covers a wide array of activities including fuel trading, vehicle sales and maintenance, electrical installation, and inland waterway freight transport.

The company is structured as a one-member limited liability company and is 100% owned by Mr. Pham Van Truong, who also serves as the Director. Mr. Truong's leadership has guided the company through a period of rapid growth, particularly in the past three years.

Financially, SACO IMPORT EXPORT SERVICE TRADING COMPANY LIMITED presents an intriguing case. In 2023, it reported sales revenue of USD 137.89 million, nearly doubling from the previous year with a 95.79% year-on-year growth. Over just three years, revenue has increased more than fourfold, underscoring the company’s aggressive expansion in the Vietnamese steel trade market. Its total assets also grew significantly, from USD 4.58 million in 2021 to USD 18.74 million in 2023, reflecting a compound growth rate of nearly 49% in the last fiscal year alone.

However, despite its impressive top-line growth, profitability is a concern. The company recorded zero profit in 2023, following small profits of USD 11,854 in 2021 and USD 15,392 in 2022. While the company's owner’s equity edged up modestly to USD 2.14 million, matching its net worth and working capital, the lack of profit suggests potential issues with margin management, cost control, or reinvestment strategy.

Operationally, the company is lean, with only three employees, signaling that it may function largely as a trading intermediary or leverage third-party services for logistics and warehousing. This model can be efficient but also places higher dependency on external partners and exposes the business to volatility in commodity pricing and credit cycles.

For stakeholders and potential partners, SACO IMPORT EXPORT SERVICE TRADING COMPANY LIMITED appears to be a high-revenue, low-profit entity with fast-expanding operations and relatively low capitalization. While it demonstrates excellent market traction in terms of sales, the absence of net profit—despite significant growth—should prompt caution.

This is where the services of VANGUARD BUSINESS INFORMATION LLC (VBI) become critical. Through robust financial risk analysis, company verification, and ongoing monitoring, VBI enables partners, lenders, and suppliers to assess the true risk profile of firms like SACO. Even companies with impressive sales can present hidden risks due to tight margins, operational bottlenecks, or liquidity stress.

In summary, SACO IMPORT EXPORT SERVICE TRADING COMPANY LIMITED is a strong performer in Vietnam’s steel trading market by volume, but its financial fundamentals warrant further scrutiny. With VBI’s business intelligence tools, companies engaging with SACO can access verified data, reduce exposure to risk, and make informed, confident business decisions.