SMART CONVERGENCE JOINT STOCK COMPANY

SMART CONVERGENCE JOINT STOCK COMPANY operates from the political and commercial center of Ho Chi Minh City, with its head office located inside the PetroVietnam Building on Le Duan Street in District 1. For more than 14 years, SMART CONVERGENCE JOINT STOCK COMPANY has maintained a stable operational role in the wholesale distribution of electronic and telecommunications equipment, serving corporate clients, system integrators and institutional buyers across southern Vietnam. This is a business built on relationships, supply discipline and delivery reliability rather than public branding.

Board Leadership and Ownership Control

The company is chaired by Tran Q. H. and operates as a privately held joint stock enterprise. A state linked shareholder through PetroVietnam General Services Corporation holds the controlling stake, while the remaining ownership is distributed among several individual shareholders. This ownership structure places the company within an institutional ecosystem where governance, transparency and commercial accountability carry heightened importance. With a workforce of about 45 employees, management operates with a compact executive model focused on operational control rather than administrative scale.

Core Business and Strategic Scope

SMART CONVERGENCE JOINT STOCK COMPANY focuses on the distribution of electronic and telecommunications equipment. In parallel, the company maintains a broad portfolio of registered activities covering software publishing, system integration, data hosting, retail of IT equipment, household electronics and even advertising and trade exhibition services. This diversified registration reflects a long term strategy of positioning the company across multiple layers of the technology supply and service chain rather than locking it into a single revenue stream.

One Financial Signal That Directors Cannot Ignore

In 2023, SMART CONVERGENCE JOINT STOCK COMPANY recorded revenue of about $73.22 million. Compared with the prior year, revenue declined slightly. From a board level perspective, this movement is an operational warning rather than a crisis signal. It reflects tightening demand in technology equipment distribution and heightened competition in the systems integration space, where pricing pressure and delayed procurement cycles directly affect top line performance.

Operational Discipline Under Capital Pressure

While revenue remains substantial, the company continues to operate under balance sheet pressure as reflected in its long standing negative equity position. For directors and senior executives, this reality places strict emphasis on cash flow control, inventory discipline and receivables management. In technology distribution, profit margins are structurally thin, and survival depends less on headline sales and more on how efficiently working capital is rotated through procurement and customer payment cycles.

Why Strategic Partners Watch This Company Closely

SMART CONVERGENCE JOINT STOCK COMPANY commands attention not because it is a growth story but because it occupies a sensitive position in enterprise technology supply. Partners, banks and institutional clients tend to focus on delivery reliability, compliance behavior and payment practices rather than branding or market visibility. Its connection to a major state linked shareholder further heightens expectations around transparency and operational steadiness.

VNBIS Perspective and Why the Full Report Matters

This public overview introduces SMART CONVERGENCE JOINT STOCK COMPANY from a director and governance perspective without disclosing sensitive internal financial or contractual details. The full VNBIS Company Comprehensive Report provides verified insight into ownership composition, multi year financial performance, liquidity behavior, solvency stress and counterparty payment risk. For banks, institutional suppliers and strategic partners who require full board level visibility before engagement, THE FULL VNBIS REPORT IS AVAILABLE AT www.vnbis.com