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THUAN PHONG EXPRESS COMPANY LIMITED

Active

Business ID 0313617136

84-28 / 3622 7888 / +84 1900 1088

THUAN PHONG EXPRESS COMPANY LIMITED

Active

Business ID 0313617136

84-28 / 3622 7888 / +84 1900 1088

THUAN PHONG EXPRESS COMPANY LIMITED

Active

Summary

Name:

THUAN PHONG EXPRESS COMPANY LIMITED

Business ID (TIN):

0313617136

Date of Registration:

13 Jan 2016

Registered Office:

Ho Chi Minh City Department of Finance

Address:

9th Floor, Sofic Tower, No. 10, Mai Chi Tho Street, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3622 7888 / +84 1900 1088

Financial Statement:

2020, 2021, 2022, 2023, 2024

THUAN PHONG EXPRESS COMPANY LIMITED (Vietnamese name: CÔNG TY TNHH MỘT THÀNH VIÊN CHUYỂN PHÁT NHANH THUẬN PHONG), registered under business ID 0313617136, is one of Vietnam’s fastest-scaling logistics and courier service providers. Operating under the brand name J&T Express, the company has become a recognizable name across e-commerce and last-mile delivery networks. Its headquarters is located in Ho Chi Minh City, and it boasts a massive workforce of over 25,000 shippers, signaling strong operational capacity in Vietnam's increasingly competitive logistics market.

Founded in January 2016, THUAN PHONG EXPRESS COMPANY LIMITED has seen a dramatic rise in sales, reporting USD 257.29 million in revenue in 2023—a significant 51.58% increase compared to the previous year. This rapid growth highlights the company’s increasing market share in the express delivery sector, making it highly visible on digital platforms and among top e-commerce logistics partners. From an SEO perspective, keywords such as “J&T Express Vietnam,” “express delivery service,” “e-commerce logistics Vietnam,” and “J&T freight shipping” are central to its growing digital footprint.

Yet, the financial structure of THUAN PHONG EXPRESS COMPANY LIMITED reveals deeper issues. Despite achieving profitability for the first time in 2023 with a net profit of USD 2.83 million, the company is burdened by a negative equity position of USD -94.33 million. Its working capital is deeply in the red at USD -154.76 million, raising sustainability concerns, especially for potential investors or partners assessing long-term risk. While profitability turned positive, the financial leverage remains unusually high, suggesting that past expansions may have relied heavily on debt or internal subsidies.

Another notable point is that the company is entirely owned by TIEP DAT VIET NAM COMPANY LIMITED, further centralizing ownership and decision-making. This concentrated ownership structure might allow agility but also limits transparency, which could be a red flag for business analysts or strategic partners seeking open corporate governance.

Despite its financial imbalance, THUAN PHONG EXPRESS COMPANY LIMITED continues to invest heavily in technology, infrastructure, and regional expansion. Branches across Vietnam—from Ho Chi Minh City to Can Tho, Thai Nguyen, and Dak Lak—show an aggressive national reach strategy. Its core business in courier and freight services is bolstered by registered activities in warehousing, postal operations, and IT services, providing it with some diversification potential.

In conclusion, THUAN PHONG EXPRESS COMPANY LIMITED is a logistics giant in the making—scalable, fast-moving, and tech-integrated—but also financially vulnerable. It is a company that performs well in keyword-dense, SEO-driven sectors like e-commerce logistics, yet raises questions about fiscal sustainability, equity erosion, and corporate transparency. For partners and investors alike, its trajectory warrants both enthusiasm and caution.

Legal Profile

English Name:

THUAN PHONG EXPRESS COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH MỘT THÀNH VIÊN CHUYỂN PHÁT NHANH THUẬN PHONG

Short Name:

THUAN PHONG EXPRESS

Business ID (TIN):

0313617136

Date of Registration:

13 Jan 2016

Registered Office:

Ho Chi Minh City Department of Finance

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ LUU H.V

+ NGUYEN T.T.H

Address:

9th Floor, Sofic Tower, No. 10, Mai Chi Tho Street, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3622 7888 / +84 1900 1088

Registration Address:

No. 199, Dien Bien Phu Street, Ho Chi Minh City, Vietnam

Branch:

Km 10, Highway 14, Dak Lak Province, Vietnam

Branch:

No. 999, Bac Kan Street, Thai Nguyen Province, Vietnam

Branch:

11th Floor, No. 29, Cach Mang Thang Tam Street, Can Tho City, Vietnam

Branch:

No. 22, To Hien Thanh Street Street, Nghe An Province, Vietnam

Branch:

Ly Anh Tong Street, Bac Ninh Province, Vietnam

Branch:

No. 84 - 86, Road D1, Him Lam New Urban Area, Ho Chi Minh City, Vietnam

Branch:

No. 173/388, Dieu Xien Street, Dong Nai Province, Vietnam

Branch:

26th Floor, Tower C, Central Field Building, No. 219, Trung Street, Ha Noi City, Vietnam

Business Sector

Key business lines:

VSIC:

5320 Courier activities

Industry Sales Growth

CAGR (2019 - 2023)

4.55%

YoY (2023)

29.26%

Companies by industry

Company distribution and propportions

2,679

0.0921%

Key Industry Players

Top 10 companies in courier activities industry

ups vietnam joint stock company new post express joint stock company vn post express joint stock corporation express delivery services corporation noibai express and trading joint stock company nin sing logistics company limited thuan phong express company limited bambooship corporation kex express (vietnam) company limited dth import and export limited company

Payment History

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Financial Performance

Assets	-90.16%
Owner’s Equity	71.89%
Working Capital	62.48%
Net Worth	-32.42%
Sales	29.92%
Operating income	23.06%
EBIT	-89.54%
Gross Profit Margin	-73.24%
Debt to EBITDA	75.15%

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Negative Payment Records

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Litigation Records; Negative News

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Opinion from Analysts

Specific Questions About THUAN PHONG EXPRESS COMPANY LIMITED

When did THUAN PHONG EXPRESS COMPANY LIMITED start operating?

THUAN PHONG EXPRESS COMPANY LIMITED was started in 13 Jan 2016

What industry does THUAN PHONG EXPRESS COMPANY LIMITED operate in?

THUAN PHONG EXPRESS COMPANY LIMITED is operating in "Courier activities" industry

How can I contact THUAN PHONG EXPRESS COMPANY LIMITED?

THUAN PHONG EXPRESS COMPANY LIMITED phone numbers is 84-28 / 3622 7888 / +84 1900 1088

What adverse news is there about THUAN PHONG EXPRESS COMPANY LIMITED?

THUAN PHONG EXPRESS COMPANY LIMITED’s has 1 bad news

What is stock symbol of THUAN PHONG EXPRESS COMPANY LIMITED?

THUAN PHONG EXPRESS COMPANY LIMITED is not listed company

Where is the location of THUAN PHONG EXPRESS COMPANY LIMITED?

THUAN PHONG EXPRESS COMPANY LIMITED is located at 9th Floor, Sofic Tower, No. 10, Mai Chi Tho Street, Ho Chi Minh City, Vietnam

What is THUAN PHONG EXPRESS COMPANY LIMITED’s business registration?

THUAN PHONG EXPRESS COMPANY LIMITED business registration is 0313617136

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