TOYOTSU SAMCO MOTOR COMPANY LIMITED

TOYOTSU SAMCO MOTOR COMPANY LIMITED, locally registered as Công Ty Trách Nhiệm Hữu Hạn Ô Tô Toyotsu Samco, is a foreign direct investment (FDI) enterprise that plays a central role in Vietnam’s high-end automobile market. Established on June 24, 2013, the company is a limited liability company registered under Business ID 0312348339 with the Ho Chi Minh City Department of Planning and Investment. Its head office is  No. 264, Tran Hung Dao Street, Nguyen Cu Trinh Ward, District 1, Ho Chi Minh City.

TOYOTSU SAMCO MOTOR (TSMC) is a joint venture between Toyota Tsusho Corporation of Japan (60% ownership) and Saigon Transportation Mechanical Corporation (SAMCO) of Vietnam (40% ownership). This partnership combines global automotive excellence with local market reach to distribute one of the world’s most prestigious vehicle brands: Lexus.

The company is led by Director Mr. Yudai H., with Mr. Pham T. H. T. serving as Chief Accountant. With a compact but efficient team of 90 employees, TOYOTSU SAMCO focuses primarily on the sale, distribution, and after-sales services of Lexus vehicles in Vietnam. Its activities include wholesale motor vehicles, insurance brokerage, vehicle maintenance, and retail high-end automotive parts and equipment.

Financially, TOYOTSU SAMCO reported USD 117.77 million in revenue in 2023, a 14.31% increase over the previous year. However, net profit declined by 15.75% to USD 4.27 million, reflecting a narrower margin amid rising operational costs or inventory pressures. The company’s total assets grew significantly to USD 37.75 million, up 62.35%, but owner’s equity declined slightly to USD 13.18 million. Working capital stood at a solid USD 7.2 million, indicating good liquidity despite the tightening profitability.

These results reflect a mixed but stable performance: expanding sales and asset base, yet some margin pressures that may relate to market dynamics or exchange rate fluctuations affecting the luxury import segment. Nonetheless, the company remains a key player in Vietnam’s luxury automotive market—backed by the strength of the Lexus brand and Toyota Tsusho’s global footprint.

With Vietnam's affluent middle class expanding and demand for premium cars growing in major cities like Ho Chi Minh City and Hanoi, TOYOTSU SAMCO is well-positioned for long-term success—especially if it continues to enhance customer experience, service offerings, and dealership modernization.

For financial institutions, dealers, and service partners looking to assess creditworthiness and partnership viability with premium automotive businesses in Vietnam, VANGUARD BUSINESS INFORMATION LLC (VNBIS) offers detailed risk evaluations, financial analysis, and operational assessments that help reduce uncertainty and support more intelligent business decisions.