CAO PHONG COMPANY LIMITED (CÔNG TY TNHH CAO PHONG) is a privately held limited liability company established on May 21, 2001, and registered with the Ho Chi Minh City Department of Planning and Investment. The company is a leading retailer and distributor of electronics, refrigeration appliances, household electric products, interior furnishings, and kitchenware. With more than two decades in the market, CAO PHONG COMPANY LIMITED has built a strong reputation, operating under the well-known retail brand Điện Máy Chợ Lớn, one of Vietnam’s most recognized electronics retail chains.

Under the leadership of Chairwoman Nguyen Tuyet Hong and Director Trang So Luong, the company has expanded its operations across Vietnam. The company is officially registered under Business ID 0302309845, with a Tax Identification Number (TIN) of 0302309845, ensuring full compliance with Vietnamese corporate regulations. With a network of branches in Ho Chi Minh City, Tien Giang, Vinh Long, and An Giang, CAO PHONG COMPANY LIMITED has strengthened its presence in both urban and provincial markets, catering to a wide customer base.

Financially, CAO PHONG COMPANY LIMITED has experienced significant volatility. In 2023, total assets declined to USD 198.94 million, reflecting a 43.23% decrease from the previous year, while total sales dropped to USD 713.32 million, marking a 17.77% decline. Profitability also contracted by 22.08%, with net profit standing at USD 24.71 million. Additionally, owner’s equity fell to USD 91.44 million, a 18.36% decline, suggesting potential challenges in managing operational costs and sustaining growth. Despite these declines, the company remains a key player in Vietnam’s electronics retail industry with a strong brand presence.

The company’s core business operations revolve around the retail and wholesale distribution of electronics and household appliances. It also engages in the sale of computers, software, telecommunications equipment, and construction materials. Beyond retail, CAO PHONG COMPANY LIMITED has diversified into business support services, waste management, freight transport, and even food and beverage wholesale and retail activities. This diversified model enables the company to mitigate risks while tapping into multiple revenue streams.

Despite its recent financial downturn, CAO PHONG COMPANY LIMITED remains a dominant force in the consumer electronics and appliance retail sector in Vietnam. The company’s ability to adapt to shifting market trends, enhance its online and offline sales strategies, and optimize cost efficiencies will determine its long-term sustainability. Businesses looking to engage with CAO PHONG COMPANY LIMITED should conduct comprehensive credit risk assessments to ensure financial security in their transactions.

This company report is provided by Vanguard Business Information LLC (VBI), a trusted provider of financial intelligence, risk assessment, and business insights. VBI’s comprehensive reports equip businesses with the necessary financial data and risk evaluations to make informed decisions when engaging with companies like CAO PHONG COMPANY LIMITED. For in-depth financial analysis, credit assessments, and market insights, VBI delivers customized business intelligence solutions to support strategic investments and growth opportunities.