SAIGONTOURIST TRAVEL SERVICE COMPANY LIMITED

SAIGONTOURIST TRAVEL SERVICE COMPANY LIMITED (Tax Code: 0310891532) has emerged as a flagship in Vietnam’s tourism and travel sector. With its headquarters located at No. 45, Le Thanh Ton Street, Ben Nghe Ward, District 1, Ho Chi Minh City, the company is a wholly owned subsidiary of SAIGONTOURIST GROUP and operates as a one-member limited liability company. Since its registration in June 2011, it has grown to become a key player in inbound, outbound, and domestic tour operations under the well-recognized brand SAIGONTOURIST.

The company is chaired by Nguyen H. Y., with Nguyen T. L. serving as General Director and Tran Q. B. acting as Deputy General Director. Together, the leadership team has steered the firm through challenging economic cycles, most recently navigating a strong recovery from the global travel disruptions of previous years.

Financial results for 2023 paint a vibrant picture. Total revenue surged to USD 137.63 million, reflecting a 28.78 percent increase from the previous year. Net profit followed the same positive trend, leaping more than fourteenfold to USD 1.48 million, a remarkable turnaround considering the modest profit of the prior year. Equity also expanded significantly, reaching USD 6.14 million, while working capital rose to USD 4.93 million, demonstrating improved financial strength and liquidity.

Although total assets declined slightly from the previous year, dropping from USD 27.86 million to USD 25.53 million, the company’s profitability and capital position suggest this decrease may stem from strategic realignments rather than distress. What’s clear is that SAIGONTOURIST has successfully rebuilt its balance sheet following the pandemic years, reflected in an astounding 1,182 percent jump in owner’s equity in 2023 alone.

With branch offices in Hue, Hanoi, and Binh Duong, the company maintains a national footprint. It also operates across diverse service lines including passenger transport, event organization, educational support, real estate activities, and even freight logistics. This broad portfolio complements its core tourism services and reinforces its ability to manage complex travel and hospitality ecosystems.

For those evaluating the company as a business partner or client, SAIGONTOURIST TRAVEL SERVICE COMPANY LIMITED offers the reassurance of state-backed ownership, stable leadership, and a proven ability to generate strong revenues. Through its verified financial data and operational history, VANGUARD BUSINESS INFORMATION LLC (VBI) supports decision-makers in assessing the company’s creditworthiness, business reputation, and long-term potential.

In an era where reliable partnerships in tourism are critical, SAIGONTOURIST stands as a well-positioned and financially improving enterprise that continues to evolve with Vietnam’s growing demand for quality travel experiences.