SAIGON AUTOMOBILE SERVICE JOINT STOCK COMPANY

Saigon Automobile Service Joint Stock Company is one of Ho Chi Minh City’s longest operating automotive enterprises, specializing in the trading and distribution of Ford vehicles together with related service and support activities. Established in 2000, the company manages an extensive retail and service network that includes multiple branches across central urban districts, allowing it to serve both individual consumers and commercial customers. Its operations encompass automotive sales, repair services, and ancillary trading activities that support vehicle ownership and after sales demand.

The company maintains a diversified business registration profile that extends into retail fuel distribution, hardware and household goods retail, wholesale construction materials, and transportation support services. A particularly notable characteristic is the presence of large state affiliated shareholders, which provides strategic stability and institutional support uncommon among local automotive distributors.

Leadership and Shareholders

The company is led by Huynh X. P., General Director, who oversees strategic direction, dealership operations, partnerships with Ford, and coordination among the company’s multiple branches. His leadership supports the company’s long standing role within Ho Chi Minh City’s automotive retail sector.

The shareholder structure includes several major institutional owners.
Saigon General Service Corporation holds 52.05 percent, making it the controlling shareholder.

Financial Growth and Market Risks

The company generated USD 77.83 million in revenue in 2023. Total assets increased nearly eight percent while equity declined slightly. Profit fell significantly due to margin compression and a softer sales environment. Working capital more than doubled but remained modest relative to operational needs.

Saigon Automobile Service operates in a sector sensitive to consumer demand cycles, interest rate movements, and competitive pricing from both domestic and foreign dealerships. Operating multiple branches also increases cost pressure, while its broad retail and wholesale registration portfolio adds regulatory complexity. Stakeholders seeking a deeper assessment of credit strength, liquidity, cash flow reliability, and long term performance trends can access full insights through the VNBIS Company Comprehensive Report.

Business Intelligence and Risk Outlook

Vietnam’s automotive market continues to expand as rising income levels support vehicle ownership. Saigon Automobile Service is positioned to benefit from this trend through its long established retail presence, experienced management, and connections to major state affiliated shareholders.

Short term performance will depend on consumer sentiment, interest rates, and promotional conditions within the Ford dealership network. Long term competitiveness will rely on the company’s ability to strengthen after sales services, improve operational efficiency, and capture growth in commercial and fleet segments. Investors evaluating the company’s stability and future potential can gain deeper clarity through VNBIS’s advanced analysis.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides a comprehensive suite of business intelligence solutions to support investors, suppliers, and financial institutions evaluating Saigon Automobile Service Joint Stock Company.

VNBIS services include:

• Company Credit Reports assessing solvency, liquidity, and financial performance
• Risk Management Solutions analyzing exposure to automotive market cycles, operational cost pressure, and competitive risk
• Business Verification and Due Diligence Reports confirming ownership structure, governance, and regulatory compliance

For clients who require up to date financial statements, verified company information, and fresh investigative insights, the VNBIS Company Comprehensive Report provides the most complete and authoritative assessment available. VNBIS supports secure, informed, and data driven business decisions.