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TAM SON INTERNATIONAL JOINT STOCK COMPANY

Active

Business ID 0101794983

84-24 / 3936 9757 / 3974 3847

TAM SON INTERNATIONAL JOINT STOCK COMPANY

Active

Business ID 0101794983

84-24 / 3936 9757 / 3974 3847

TAM SON INTERNATIONAL JOINT STOCK COMPANY

Active

Summary

Name:

TAM SON INTERNATIONAL JOINT STOCK COMPANY

Business ID (TIN):

0101794983

Date of Registration:

07 Oct 2005

Registered Office:

Ha Noi City Department of Finance

Address:

3rd Floor, No. 21, Lane 2, Le Van Huu Street, Hai Ba Trung Ward, Ha Noi City, Vietnam

Phone:

84-24 / 3936 9757 / 3974 3847

Fax:

(84-24) 3936 9759

Financial Statement:

2020, 2021, 2022, 2023, 2024

TAM SON INTERNATIONAL JOINT STOCK COMPANY: Vietnam’s Fashion Powerhouse with Soaring Sales but Pressured Profits

TAM SON INTERNATIONAL JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN QUỐC TẾ TAM SƠN) is not just another retailer—it is Vietnam’s luxury fashion and lifestyle gateway. With nearly two decades of experience and a presence in both Hanoi and Ho Chi Minh City, TAM SON is a well-known name among Vietnam’s elite shoppers. Operating under business ID 0101794983 and headquartered on Le Van Huu Street in the capital city, the company is widely recognized for trading in high-end fashion, leather goods, watches, and luxury accessories. It currently employs over 1,050 staff and has grown into a dominant player in Vietnam’s burgeoning luxury retail market.

TAM SON’s recent financial growth is nothing short of impressive. In 2023, the company reported USD 207.7 million in revenue, a 6.54% year-on-year increase, on top of a massive 67.5% growth in 2022. Total assets now stand at USD 192.18 million, marking a 29.53% increase, while owner’s equity has also risen to USD 112.87 million. The company’s net worth remains solid at over USD 112.5 million. These figures indicate that TAM SON is expanding aggressively, solidifying its position as a premier luxury retailer in the Vietnamese market.

However, despite these headline achievements, the profit line reveals a more nuanced picture. Net profit for 2023 dropped sharply by 24.68%, falling to USD 26.25 million, after peaking at over USD 34.8 million in 2022. As a financial risk manager, this sudden decline in profitability—even as sales and assets continued to rise—raises questions about operational efficiency, cost control, and possibly inventory management within the luxury segment. It is a signal that while demand remains strong, margins may be under pressure, likely due to elevated operating expenses or promotional costs to maintain market share in an increasingly competitive luxury landscape.

The company is led by Ms. Dinh Mai Linh, who serves as General Director and is widely regarded as one of the key figures behind TAM SON’s brand-building and expansion efforts. Supporting her are Director Ms. Chu Le Anh Ngoc and Chief Accountant Ms. Pham Thi Kim Ngan, forming a leadership team with deep knowledge of both fashion and financial management.

Ownership is largely domestic, with OPENASIA VILLAGE JOINT STOCK COMPANY holding 80% of shares. The remaining stakes are owned by individual Vietnamese shareholders, which keeps TAM SON firmly rooted in local strategic control while benefiting from international branding partnerships.

The company’s extensive portfolio of registered business activities extends well beyond luxury fashion, including retail and wholesale distribution of food, beverages, electronics, cosmetics, and even pharmaceuticals. This diversification allows TAM SON to explore new growth verticals, especially in lifestyle retail and e-commerce, which are rapidly expanding across Southeast Asia.

For potential investors, suppliers, and international partners, TAM SON INTERNATIONAL JOINT STOCK COMPANY presents a compelling case: a high-revenue, asset-rich enterprise with a commanding presence in Vietnam’s luxury market. However, the recent profit contraction warrants a closer look into cost structures and operational scalability. This is where VANGUARD BUSINESS INFORMATION LLC (VBI) offers indispensable services—providing comprehensive risk assessments, financial verifications, and litigation background checks to ensure any engagement with TAM SON is both informed and secure.

TAM SON is a flagship of Vietnamese luxury retail—poised for growth but now challenged to protect its bottom line as it scales.

Legal Profile

English Name:

TAM SON INTERNATIONAL JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN QUỐC TẾ TAM SƠN

Short Name:

TAM SON INTERNATIONAL JSC

Business ID (TIN):

0101794983

Date of Registration:

07 Oct 2005

Registered Office:

Ha Noi City Department of Finance

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ DINH M.L

+ CHU L.A.N

+ PHAM T.K.N

Address:

3rd Floor, No. 21, Lane 2, Le Van Huu Street, Hai Ba Trung Ward, Ha Noi City, Vietnam

Phone:

84-24 / 3936 9757 / 3974 3847

Fax:

(84-24) 3936 9759

Store:

No. 61, Ly Thai To Street, Hoan Kiem Ward, Ha Noi City, Vietnam

Branch:

Suite 1601, 16th Floor, Harbour View building, No. 35, Nguyen Hue Street, Sai Gon Ward, Ho Chi Minh City, Vietnam

Store:

L1-12 & L2-05, Union Square, No. 171, Dong Khoi Street, Sai Gon Ward, Ho Chi Minh City, Vietnam

Store:

1st Floor, No. 116, Nguyen Hue Street, Sai Gon Ward, Ho Chi Minh City, Vietnam

Store:

Sheraton Saigon Hotel, No. 88, Dong Khoi Street, Sai Gon Ward, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

4771 Retail sale of clothing, footwear, leather articles and imitation leather in specialized stores

Industry Sales Growth

CAGR (2019 - 2023)

14.60%

YoY (2023)

11.91%

Companies by industry

Company distribution and propportions

4,694

0.1615%

Key Industry Players

Top 10 companies in retail sale of clothing, footwear, leather articles and imitation leather in specialized stores industry

phoenix trading investment joint stock company louis vuitton vietnam company limited decathlon vietnam co., ltd maison retail management international corporation mitra adiperkasa vietnam company limited con cung joint stock company yody fashion joint stock company an thanh trading and services company limited general trading fashions one member company limited elise fashion limited company

Payment History

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Financial Performance

Assets	-59.81%
Owner’s Equity	-44.79%
Working Capital	-49.60%
Net Worth	-10.63%
Sales	-92.33%
Operating income	-43.52%
EBIT	-77.92%
Gross Profit Margin	-29.47%
Debt to EBITDA	87.62%

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Negative Payment Records

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Litigation Records; Negative News

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Profit and Loss Statement

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Opinion from Analysts

Specific Questions About TAM SON INTERNATIONAL JOINT STOCK COMPANY

When did TAM SON INTERNATIONAL JSC start operating?

TAM SON INTERNATIONAL JSC was started in 07 Oct 2005

What industry does TAM SON INTERNATIONAL JSC operate in?

TAM SON INTERNATIONAL JSC is operating in "Retail sale of clothing, footwear, leather articles and imitation leather in specialized stores" industry

How can I contact TAM SON INTERNATIONAL JSC?

TAM SON INTERNATIONAL JSC phone numbers is 84-24 / 3936 9757 / 3974 3847

What adverse news is there about TAM SON INTERNATIONAL JSC?

TAM SON INTERNATIONAL JSC’s has no negative news

What is stock symbol of TAM SON INTERNATIONAL JSC?

TAM SON INTERNATIONAL JSC is not listed company

Where is the location of TAM SON INTERNATIONAL JSC?

TAM SON INTERNATIONAL JSC is located at 3rd Floor, No. 21, Lane 2, Le Van Huu Street, Hai Ba Trung Ward, Ha Noi City, Vietnam

What is TAM SON INTERNATIONAL JSC’s business registration?

TAM SON INTERNATIONAL JSC business registration is 0101794983

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TAM SON INTERNATIONAL JOINT STOCK COMPANY

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TAM SON INTERNATIONAL JOINT STOCK COMPANY

TAM SON INTERNATIONAL JOINT STOCK COMPANY: Vietnam’s Fashion Powerhouse with Soaring Sales but Pressured Profits

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TAM SON INTERNATIONAL JOINT STOCK COMPANY

TAM SON INTERNATIONAL JOINT STOCK COMPANY

TAM SON INTERNATIONAL JOINT STOCK COMPANY

TAM SON INTERNATIONAL JOINT STOCK COMPANY: Vietnam’s Fashion Powerhouse with Soaring Sales but Pressured Profits

Company Profile Report

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Comprehensive Report

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