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SONG TIEN SAIGON BEER TRADING JOINT STOCK COMPANY

Active

Business ID 1500459121

84-270 / 388 8048

SONG TIEN SAIGON BEER TRADING JOINT STOCK COMPANY

Active

Business ID 1500459121

84-270 / 388 8048

SONG TIEN SAIGON BEER TRADING JOINT STOCK COMPANY

Active

Summary

Name:

SONG TIEN SAIGON BEER TRADING JOINT STOCK COMPANY

Business ID (TIN):

1500459121

Date of Registration:

17 Mar 2006

Registered Office:

Vinh Long Department of Planning and Investment

Ticker:

SST

Address:

No. 11, Tan Vinh Thuan Hamlet, Tan Ngai Ward, Vinh Long City, Vinh Long Province, Vietnam

Phone:

84-270 / 388 8048

Fax:

(84-270) 388 8047

Financial Statement:

2020, 2021, 2022, 2023, 2024

SONG TIEN SAIGON BEER TRADING JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN THƯƠNG MẠI BIA SÀI GÒN SÔNG TIỀN) is a well-established Vietnamese beverage wholesaler, operating for over 19 years since its incorporation in 2006. While it is not a direct beer producer, the company plays an important strategic role in the distribution network of SABECO—the largest beer manufacturer in Vietnam. With a registered tax code of 1500459121, the company is headquartered at No. 11 Tan Vinh Thuan Hamlet, Tan Ngai Ward, Vinh Long City, Vinh Long Province, Vietnam.

SONG TIEN SAIGON BEER TRADING JOINT STOCK COMPANY is majority owned (90%) by Saigon Beer - Alcohol - Beverage Corporation (SABECO), highlighting its integral place in the group’s Southern Vietnam distribution channel. The company is publicly held and listed on the UpCOM exchange under the ticker SST, though its market activity remains relatively limited.

The company’s financial results for 2024 signal a downturn in performance. Although total assets increased by 8.22% to USD 19.03 million, this came alongside a concerning decline in owner’s equity, which fell by 34.04% to USD 3.69 million—continuing a two-year trend of equity erosion. Most significantly, net profit plunged by 56.63% to just USD 1.48 million, after already declining 28.32% the year before. Meanwhile, revenue remained largely flat, slipping slightly by 0.55% to USD 177.52 million. This combination of stable top-line performance and sharply declining bottom-line earnings suggests that rising operational costs, tax changes, or distributor margin pressures are significantly impacting profitability.

Despite the profit contraction, the company maintains positive working capital of USD 2.65 million, indicating sufficient short-term liquidity to support operations. However, the fast-depleting equity base—down from over USD 6.9 million in 2022—signals the need for urgent restructuring, cost reduction, or capital injection if this trend continues. The company has 90 employees and is led by Mr. Tran Kim Chien, a Vietnamese national serving as Director.

The company’s main and registered activity remains the wholesale of beverages, directly connected to SABECO's production lines. Its business model is built around distributing high-volume, fast-moving consumer goods, which requires tight inventory control and lean operations to remain profitable.

In conclusion, SONG TIEN SAIGON BEER TRADING JOINT STOCK COMPANY is a strategic but financially pressured member of the SABECO distribution network. While still profitable and operationally stable, the ongoing decline in equity and profit margins should raise caution among stakeholders. Partners, investors, and credit suppliers are advised to closely monitor its financial trajectory and request updated financials before extending long-term credit. For detailed due diligence, risk scoring, and real-time verification, consult VANGUARD BUSINESS INFORMATION LLC (VBI).

Legal Profile

English Name:

SONG TIEN SAIGON BEER TRADING JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN THƯƠNG MẠI BIA SÀI GÒN SÔNG TIỀN

Short Name:

CTY CPTM BIA SAI GON SONG TIEN

Business ID (TIN):

1500459121

Date of Registration:

17 Mar 2006

Registered Office:

Vinh Long Department of Planning and Investment

Ticker:

SST

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

TRAN K.C

Address:

No. 11, Tan Vinh Thuan Hamlet, Tan Ngai Ward, Vinh Long City, Vinh Long Province, Vietnam

Phone:

84-270 / 388 8048

Fax:

(84-270) 388 8047

Business Sector

Key business lines:

VSIC:

4633 Wholesale of beverages

NACE:

46.34 Wholesale of beverages

Industry Sales Growth

CAGR (2019 - 2023)

4.58%

YoY (2023)

0.06%

Companies by industry

Company distribution and propportions

8,521

0.2931%

Key Industry Players

Top 10 companies in wholesale of beverages industry

song tien saigon beer trading joint stock company saigon song hau beer trading joint stock company sai gon beer tay nguyen trading joint stock company northern sai gon beer trading joint stock company saigon beer center trading joint stock company saigon beer nam trung bo trading joint stock company sai gon beer eastern trading joint stock company carlsberg vietnam trading limited number one manufacturing trading services co., ltd richiva company limited

Payment History

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Financial Performance

Assets	-45.62%
Owner’s Equity	93.91%
Working Capital	-42.70%
Net Worth	58.98%
Sales	25.37%
Operating income	-69.50%
EBIT	-4.55%
Gross Profit Margin	-71.57%
Debt to EBITDA	-39.04%

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Profit and Loss Statement

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Specific Questions About SONG TIEN SAIGON BEER TRADING JOINT STOCK COMPANY

When did SONG TIEN SAIGON BEER TRADING JSC start operating?

SONG TIEN SAIGON BEER TRADING JSC was started in 17 Mar 2006

What industry does SONG TIEN SAIGON BEER TRADING JSC operate in?

SONG TIEN SAIGON BEER TRADING JSC is operating in "Wholesale of beverages" industry

How can I contact SONG TIEN SAIGON BEER TRADING JSC?

SONG TIEN SAIGON BEER TRADING JSC phone numbers is 84-270 / 388 8048

What adverse news is there about SONG TIEN SAIGON BEER TRADING JSC?

SONG TIEN SAIGON BEER TRADING JSC’s has no negative news

What is stock symbol of SONG TIEN SAIGON BEER TRADING JSC?

SONG TIEN SAIGON BEER TRADING JSC’s stock symbol is SST

Where is the location of SONG TIEN SAIGON BEER TRADING JSC?

SONG TIEN SAIGON BEER TRADING JSC is located at No. 11, Tan Vinh Thuan Hamlet, Tan Ngai Ward, Vinh Long City, Vinh Long Province, Vietnam

What is SONG TIEN SAIGON BEER TRADING JSC’s business registration?

SONG TIEN SAIGON BEER TRADING JSC business registration is 1500459121

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SONG TIEN SAIGON BEER TRADING JOINT STOCK COMPANY

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