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SAIGON TOBACCO COMPANY LIMITED

Active

Business ID 0300602679

84-28 / 3765 7788 - 3765 7878

SAIGON TOBACCO COMPANY LIMITED

Active

Business ID 0300602679

84-28 / 3765 7788 - 3765 7878

SAIGON TOBACCO COMPANY LIMITED

Active

Summary

Name:

SAIGON TOBACCO COMPANY LIMITED

Business ID (TIN):

0300602679

Date of Registration:

06 Jan 2006

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Address:

Lot C45/I-C50/I, C58/I-C63/I and C65/I-C70/I, Road No. 7, Vinh Loc Industrial Park, Vinh Loc A Commune, Binh Chanh District, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3765 7788 - 3765 7878

Financial Statement:

2020, 2021, 2022, 2023, 2024

SAIGON TOBACCO COMPANY LIMITED (Vietnamese name: CÔNG TY TNHH MỘT THÀNH VIÊN THUỐC LÁ SÀI GÒN), business registration number 0300602679, is a state-owned enterprise operating under the Vietnam National Tobacco Corporation (Vinataba). Founded in 2006, the company is based in Vinh Loc Industrial Park, Ho Chi Minh City, and employs around 3,000 workers. Its primary business is the manufacture of tobacco products, a fact that positions it at the center of growing public health debates and economic scrutiny.

Despite increasing global and domestic pressures on the tobacco industry, SAIGON TOBACCO COMPANY LIMITED reported strong revenue in 2023—totaling USD 265.58 million, a year-on-year increase of 10.81%. Profits also rose slightly to USD 17.97 million, marking a 4.81% gain. However, these financial gains came alongside declining total assets (down 5.25%) and a 5.11% drop in equity, suggesting the company may be facing internal adjustments or rising operational costs.

The presence of SAIGON TOBACCO COMPANY LIMITED in Vietnam’s industrial and commercial landscape is undeniable. Yet its state-owned status, combined with its involvement in producing a product known for its adverse health impacts, has sparked controversy. While tobacco manufacturing remains legal and profitable, it raises ethical questions about public health versus state revenue. Critics have long questioned the appropriateness of government ownership in a business that is medically proven to contribute to serious diseases such as cancer and heart conditions.

Moreover, SAIGON TOBACCO COMPANY LIMITED operates branches not only in Ho Chi Minh City but also in Hanoi and Ninh Thuan, underscoring the company’s wide geographical footprint. This expansion, while economically advantageous, intensifies concerns about the social reach and influence of a government-backed tobacco enterprise, especially when Vietnam is a signatory to the WHO Framework Convention on Tobacco Control.

There are also internal transparency questions. While the company posts stable profits, the lack of diversification in its revenue sources, dependence on state protection, and limited disclosures on environmental and social impact reporting stand out. As public awareness grows and regulatory pressures mount, these areas may require more robust governance and transparency practices.

In summary, SAIGON TOBACCO COMPANY LIMITED is financially stable and operationally effective within its sector, but it also exemplifies a tension many countries face: balancing economic gains from legacy industries with evolving public health commitments. How the company and its state shareholder navigate this landscape may serve as a key case study in Vietnam's approach to managing controversial state assets in the future.

Legal Profile

English Name:

SAIGON TOBACCO COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH MỘT THÀNH VIÊN THUỐC LÁ SÀI GÒN

Short Name:

CÔNG TY THUỐC LÁ SÀI GÒN

Business ID (TIN):

0300602679

Date of Registration:

06 Jan 2006

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ownership Status:

Invested by State-Owned Company

Operation Status:

Active

Contacts

Key Decision Makers:

+ NHAM M.T

+ TRAN D.T

+ THAI V.T

+ NGUYEN D.L.P

+ VU D.H

+ NGO T.H

Address:

Lot C45/I-C50/I, C58/I-C63/I and C65/I-C70/I, Road No. 7, Vinh Loc Industrial Park, Vinh Loc A Commune, Binh Chanh District, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3765 7788 - 3765 7878

Branch:

Lot No. 4, Thanh Hai Industrial Park, Bao An Ward, Khanh Hoa Province, Vietnam

Branch:

Apartment A10, X1 Lang Ha Housing Area, Lang Ward, Ha Noi 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	-76.81%
Owner’s Equity	66.86%
Working Capital	87.94%
Net Worth	66.34%
Sales	-64.49%
Operating income	82.80%
EBIT	81.78%
Gross Profit Margin	70.73%
Debt to EBITDA	82.95%

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Specific Questions About SAIGON TOBACCO COMPANY LIMITED

When did SAIGON TOBACCO COMPANY LIMITED start operating?

SAIGON TOBACCO COMPANY LIMITED was started in 06 Jan 2006

What industry does SAIGON TOBACCO COMPANY LIMITED operate in?

SAIGON TOBACCO COMPANY LIMITED is operating in "Manufacture of tobacco products" industry

How can I contact SAIGON TOBACCO COMPANY LIMITED?

SAIGON TOBACCO COMPANY LIMITED phone numbers is 84-28 / 3765 7788 - 3765 7878

What adverse news is there about SAIGON TOBACCO COMPANY LIMITED?

SAIGON TOBACCO COMPANY LIMITED’s has 2 bad news

What is stock symbol of SAIGON TOBACCO COMPANY LIMITED?

SAIGON TOBACCO COMPANY LIMITED is not listed company

Where is the location of SAIGON TOBACCO COMPANY LIMITED?

SAIGON TOBACCO COMPANY LIMITED is located at Lot C45/I-C50/I, C58/I-C63/I and C65/I-C70/I, Road No. 7, Vinh Loc Industrial Park, Vinh Loc A Commune, Binh Chanh District, Ho Chi Minh City, Vietnam

What is SAIGON TOBACCO COMPANY LIMITED’s business registration?

SAIGON TOBACCO COMPANY LIMITED business registration is 0300602679

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