SCHENKER VIETNAM CO., LTD

SCHENKER VIETNAM CO., LTD is a wholly foreign-owned logistics and transportation support services company operating in Vietnam since September 25, 2007. The company is a subsidiary of SCHENKER (ASIA PACIFIC) PTE LTD, based in Singapore, and is part of the global DB Schenker Group—a major player in international logistics. Registered under Business ID 0305269823, the company is headquartered at the Viettel Complex Building in Ho Chi Minh City, with branches in Hanoi, Hai Phong, and Binh Duong.

The company provides a full range of logistics solutions including freight forwarding, customs clearance, warehousing, and supply chain management. With a workforce of 1,200 employees and nationwide operations, SCHENKER VIETNAM CO., LTD is considered a tier-one logistics partner in Vietnam for multinational and domestic clients alike.

Financial Highlights

As of fiscal year-end 2024, the company reported:

• Total assets of approximately USD 92.03 million

• Owner’s equity of USD 67.25 million

• Revenue of USD 182.67 million, up significantly from 2023

• Net profit of USD 21.73 million

• Working capital of over USD 60 million

Despite a year-over-year drop in asset size, the company demonstrated a strong recovery in profitability and revenue in 2024, after a moderate decline in 2023. Net worth remains high, and the liquidity position is very solid.

The company is financially healthy, backed by a strong global parent, and has a proven history of stable operations in Vietnam. Its financial structure, profitability, and equity base suggest low credit risk.

Credit Recommendation

Based on the company’s:

• Strong net worth and equity base

• Consistent profitability and positive cash flow

• Solid working capital position

• Strategic importance in the logistics sector

• Reputable multinational parent company backing

I recommend a credit limit of USD 500,000 – 800,000 on standard net terms (e.g., 30–60 days), depending on the type of transaction and business relationship maturity.

For high-volume, long-term clients or partners who require extended payment terms, the limit may be re-evaluated after 6 months of consistent performance.