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SAIGON INDUSTRY CORPORATION

Active

Business ID 0300713668

84-28 / 3825 5999

SAIGON INDUSTRY CORPORATION

Active

Business ID 0300713668

84-28 / 3825 5999

SAIGON INDUSTRY CORPORATION

Active

Summary

Name:

SAIGON INDUSTRY CORPORATION

Business ID (TIN):

0300713668

Date of Registration:

27 Aug 2010

Registered Office:

Ho Chi Minh Department of Planning and Investment

Address:

No. 58-60, Nguyen Tat Thanh Street, Ward 13, District 4, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3825 5999

Fax:

(84-28) 3825 5858

Financial Statement:

2020, 2021, 2022, 2023, 2024

To: Board of Directors
From: Risk Management Department
Subject: Performance Risk Assessment – SAIGON INDUSTRY CORPORATION
Date: June 17, 2025

Executive Summary:

SAIGON INDUSTRY CORPORATION (Tổng Công Ty Công Nghiệp Sài Gòn – TNHH MTV, short name: CNS), is a state-owned enterprise operating under a one-member limited liability company model, with 100% ownership held by the People’s Committee of Ho Chi Minh City. It is legally registered under Business ID 0300713668, with its head office located at 58-60 Nguyen Tat Thanh Street, District 4, Ho Chi Minh City. The company has been active for over 14 years and operates in multiple sectors, including mechanical engineering, electronics, IT, food, tobacco, and chemicals.

Financial Performance Overview:

Metric	2021	2022	2023	YoY 2023
Total Assets	$161.75M	$174.08M	$191.69M	▲10.11%
Owner’s Equity	$119.09M	$123.67M	$128.61M	▲4.00%
Total Sales	$143.49M	$156.68M	$168.64M	▲7.63%
Net Profit	$10.14M	$15.27M	$16.47M	▲7.89%
Working Capital	-	-	$86.57M	-

The company has demonstrated stable, consistent growth across all key financial indicators over the last three years. Notably, profit grew at an average annual rate of over 30% across 2021–2023, although the growth rate tapered off in 2023 to a modest but still respectable 7.89%.

Equity and assets have also shown steady and sustainable expansion, reflecting prudent reinvestment and retained earnings. The working capital position of USD 86.57 million in 2023 indicates strong liquidity and operational flexibility.

Operational Scope and Diversification:

CNS operates a wide and diversified business portfolio including:

Manufacturing of tobacco and food products
Engineering, electronics, and automation
Chemicals, rubber, and plastic
Real estate, warehousing, logistics
Short-term accommodation, restaurants, and tourism
Consulting and architectural services

This diversified scope limits dependency risk on a single market segment. However, such spread may also dilute strategic focus unless effectively governed.

Ownership and Governance:

The sole shareholder is the People’s Committee of Ho Chi Minh City (100%), which implies direct oversight by municipal authorities. This ownership structure is favorable for administrative stability and project support within public or PPP sectors but may involve bureaucratic inertia or political influences in commercial negotiations.

The current Chairman is Mr. Nguyen Hoang Anh, who oversees a team of 929 employees. Governance appears stable with no abrupt leadership transitions reported.

Risk Assessment:

Strengths:

Strong financial growth and liquidity.
Public ownership ensures political backing and potential access to major urban development projects.
Diversified operations mitigate single-industry dependency.
Clean legal status, clear registration, and transparent data.

Concerns:

Slower growth in 2023 could indicate market saturation or rising input costs.
State-owned enterprises in Vietnam can face constraints in agility and decision-making.
Lack of detailed segment-wise revenue breakdown limits precise risk targeting.

Recommendation:

Cooperation with SAIGON INDUSTRY CORPORATION is advisable, particularly for partnerships related to infrastructure, manufacturing, or technology transfer in Ho Chi Minh City. However, it is recommended that:

We obtain a project-specific financial model before commitment.
A due diligence review be conducted on its subsidiaries and profit centers.
Engagements be structured with clear commercial guarantees, especially in joint ventures.

Legal Profile

English Name:

SAIGON INDUSTRY CORPORATION

Vietnamese Name:

TỔNG CÔNG TY CÔNG NGHIỆP SÀI GÒN - TRÁCH NHIỆM HỮU HẠN MỘT THÀNH VIÊN

Short Name:

CNS

Business ID (TIN):

0300713668

Date of Registration:

27 Aug 2010

Registered Office:

Ho Chi Minh Department of Planning and Investment

Ownership Status:

State-owned

Operation Status:

Active

Contacts

Key Decision Makers:

NGUYEN H.A

Address:

No. 58-60, Nguyen Tat Thanh Street, Ward 13, District 4, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3825 5999

Fax:

(84-28) 3825 5858

Factory Address:

D11/II - D18/II, Road 5, Vinh Loc Industrial Park, Binh Hung Hoa B Ward, Binh Tan District, Ho Chi Minh City, Vietnam

Factory Address:

No. 347, Le Duc Tho Street, Go Vap District, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

1200 Manufacture of tobacco products

NACE:

12.00 Manufacture of tobacco products

NAICS:

31223 Tobacco Manufacturing

Industry Sales Growth

CAGR (2019 - 2023)

-1.57%

YoY (2023)

7.01%

Companies by industry

Company distribution and propportions

0.0027%

Key Industry Players

Top 10 companies in manufacture of tobacco products industry

ngan son joint stock company thang long tobacco company limited vietnam national tobacco corporation thanh hoa tobacco company limited khanh viet corporation limited saigon industry corporation british american tobacco - vinataba (jv) bentre tobacco company limited cuu long tobacco company limited vina-bat joint venture company limited

Payment History

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Financial Performance

Assets	-62.14%
Owner’s Equity	-63.56%
Working Capital	58.37%
Net Worth	18.76%
Sales	-72.88%
Operating income	-21.61%
EBIT	46.56%
Gross Profit Margin	32.04%
Debt to EBITDA	-91.33%

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Negative Payment Records

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Opinion from Analysts

Specific Questions About SAIGON INDUSTRY CORPORATION

When did SAIGON INDUSTRY CORPORATION start operating?

SAIGON INDUSTRY CORPORATION was started in 27 Aug 2010

What industry does SAIGON INDUSTRY CORPORATION operate in?

SAIGON INDUSTRY CORPORATION is operating in "Manufacture of tobacco products" industry

How can I contact SAIGON INDUSTRY CORPORATION?

SAIGON INDUSTRY CORPORATION phone numbers is 84-28 / 3825 5999

What adverse news is there about SAIGON INDUSTRY CORPORATION?

SAIGON INDUSTRY CORPORATION’s has 1 bad news

What is stock symbol of SAIGON INDUSTRY CORPORATION?

SAIGON INDUSTRY CORPORATION is not listed company

Where is the location of SAIGON INDUSTRY CORPORATION?

SAIGON INDUSTRY CORPORATION is located at No. 58-60, Nguyen Tat Thanh Street, Ward 13, District 4, Ho Chi Minh City, Vietnam

What is SAIGON INDUSTRY CORPORATION’s business registration?

SAIGON INDUSTRY CORPORATION business registration is 0300713668

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SAIGON INDUSTRY CORPORATION