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TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED

Active

Business ID 0500329843

+84 945 / 997 / 019 / +84 945 / 997 / 018 / +84 945 / 997 / 017

TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED

Active

Business ID 0500329843

+84 945 / 997 / 019 / +84 945 / 997 / 018 / +84 945 / 997 / 017

TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED

Active

Summary

Name:

TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED

Business ID (TIN):

0500329843

Date of Registration:

02 Mar 1999

Registered Office:

Ha Noi Department of Planning and Investment

Address:

Hung Dao Village, Tay Dang Town, Ba Vi District, Ha Noi City, Vietnam

Phone:

+84 945 / 997 / 019 / +84 945 / 997 / 018 / +84 945 / 997 / 017

Financial Statement:

2020, 2021, 2022, 2023, 2024

TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED (Vietnamese: CÔNG TY TNHH VÀNG BẠC VÀ THƯƠNG MẠI DỊCH VỤ TIẾN LỰC) is a Hanoi-based retail and trading enterprise operating across a wide spectrum—from gold and silver trading to household appliances, fashion, and construction materials. With over 26 years of business history and a long-standing legal identity under tax code 0500329843, this privately held company has grown to become a sizable regional player in both precious metals and general trade.

The company is led by Mr. Phung V. L., who serves as General Director and holds an 80% ownership stake, suggesting strong family control. Other stakeholders include Ms. Nguyen T. H. and Mr. Phung V. T., each holding 10%. The head office is located in Hung Dao Village, Tay Dang Town, Ba Vi District, Hanoi, supported by multiple other branches throughout the same district.

From a financial standpoint, the company reported USD 158.08 million in sales in 2023, which, while substantial, marks a continuing decline for the second consecutive year (–8.13% YoY in 2023, following –16.07% in 2022). Meanwhile, total assets have dropped by 11%, down to USD 20.92 million, reinforcing the view of shrinking scale. However, what's most concerning for a risk manager is the extremely thin profit margin—the company earned just USD 33,633 in net profit, which is a return of barely 0.02% on sales.

Even though working capital is reported at USD 14.82 million, giving a sense of liquidity stability, the real concern lies in profitability versus turnover. The business seems to chase revenue volume at the expense of efficiency, pricing power, or cost control. In an industry where gold and silver trading often requires tight margins and high operational compliance, such figures raise the question: Is the company truly sustainable, or is it running on sales momentum alone?

The company also operates in a multitude of sectors—including gold wholesale, coal mining, electronics trading, furniture manufacturing, and accommodation services. While diversification can be seen as a strength, in this case, it appears diffuse and difficult to govern, especially under family ownership with limited transparency.

Given these concerns—declining revenues, extremely low profit margins, multi-sector sprawl, and potential risk of overextension—it is essential for banks, insurers, and trade partners to perform thorough due diligence before offering credit or entering long-term agreements.

For a full assessment, we strongly recommend ordering the comprehensive business risk report from VANGUARD BUSINESS INFORMATION LLC (VBI). VBI offers:

Transaction pattern verification
Profitability risk evaluation
Shareholder background screening
Compliance and tax status review
Hidden liabilities and operational red flag identification

TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED is large in footprint but fragile in margin. Without in-depth insights from a VBI report, any engagement with this entity carries the risk of unseen exposure. Don't rely on revenue figures alone—get the full picture before you act.

Legal Profile

English Name:

TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED

Vietnamese Name:

CONG TY TNHH VANG BAC VA THUONG MAI DICH VU TIEN LUC

Short Name:

TIENLUC GOLD., JSC

Business ID (TIN):

0500329843

Date of Registration:

02 Mar 1999

Registered Office:

Ha Noi Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ PHUNG V.L

+ PHUNG V.H

Address:

Hung Dao Village, Tay Dang Town, Ba Vi District, Ha Noi City, Vietnam

Phone:

+84 945 / 997 / 019 / +84 945 / 997 / 018 / +84 945 / 997 / 017

Other:

Tan Phu My, Vat Lai Commune, Ba Vi District, Ha Noi City, Vietnam

Other:

Moi Street, Chu Minh Commune, Ba Vi District, Ha Noi City, Vietnam

Other:

Nhong Street, Phu Son Commune, Ba Vi District, Ha Noi City, Vietnam

Business Sector

Key business lines:

VSIC:

4719 Other retail sale in non-specialized stores

NACE:

47.19 Other retail sale in non-specialised stores

Industry Sales Growth

CAGR (2019 - 2023)

1.71%

YoY (2023)

9.13%

Companies by industry

Company distribution and propportions

4,363

0.1501%

Key Industry Players

Top 10 companies in other retail sale in non-specialized stores industry

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Payment History

Purchase the report to access company details.

Financial Performance

Assets	44.90%
Owner’s Equity	86.53%
Working Capital	77.67%
Net Worth	15.04%
Sales	25.23%
Operating income	-22.01%
EBIT	74.27%
Gross Profit Margin	-63.33%
Debt to EBITDA	86.73%

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Contact and Location

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Shareholders

Business Operation

Assets

Owner's Equity

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Company Standard Report

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EBT

EBITDA

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Tangible Net Worth

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Profit and Loss Statement

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Historical Information

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Subsidiary and Affiliated Company

Management and Directors

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Industry Information

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Negative Payment Records

Banking Information

Litigation Records; Negative News

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Balance Sheet

Profit and Loss Statement

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Opinion from Analysts

Specific Questions About TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED

When did TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED start operating?

TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED was started in 02 Mar 1999

What industry does TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED operate in?

TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED is operating in "Other retail sale in non-specialized stores" industry

How can I contact TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED?

TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED phone numbers is +84 945 / 997 / 019 / +84 945 / 997 / 018 / +84 945 / 997 / 017

What adverse news is there about TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED?

TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED’s has no negative news

What is stock symbol of TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED?

TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED is not listed company

Where is the location of TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED?

TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED is located at Hung Dao Village, Tay Dang Town, Ba Vi District, Ha Noi City, Vietnam

What is TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED’s business registration?

TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED business registration is 0500329843

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TIEN LUC SERVICE TRADING AND GOLD SILVER COMPANY LIMITED

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