DI DONG VIET TECHNOLOGY JOINT STOCK COMPANY

DI DONG VIET TECHNOLOGY JOINT STOCK COMPANY ( (CÔNG TY CỔ PHẦN CÔNG NGHỆ DI ĐỘNG VIỆT) is a privately held enterprise registered under Business ID: 0312193244, headquartered at No. 79, Dong Khoi Street, Sai Gon Ward, Ho Chi Minh City, Vietnam. Established on March 20, 2013, the company operates under the supervision of the Ho Chi Minh City Department of Planning and Investment, with a charter capital of USD 12.32 million and paid-up capital of USD 12.32 million. Over the past decade, DI DONG VIET has emerged as a trusted retailer and distributor of consumer electronics, operating primarily through its online platform www.didongviet.vn.

The company’s General Director is Mr. Nguyen N. D., a Vietnamese entrepreneur widely recognized for building DI DONG VIET into one of Vietnam’s leading technology retail chains. Supporting him is Ms. Ha T. T. H., the Chief Accountant, who oversees financial management and compliance. DI DONG VIET employs approximately 500 people and has multiple branches across Ho Chi Minh City, including Tran Quang Khai, Ba Hom, Vo Van Ngan, and Tung Thien Vuong Streets.

DI DONG VIET specializes in the retail sale of computers, smartphones, tablets, accessories, and home electronics. The company has become a well-known destination for consumers seeking high-quality, genuine products and reliable after-sales service. In addition to retail operations, it engages in wholesale trade of telecommunications equipment and software, as well as select service activities such as packaging and food services under contractual arrangements.

Financially, DI DONG VIET recorded sales revenue of USD 102.16 million in 2024, a slight 0.73% decline from 2023. Its total assets reached USD 41.84 million, while equity stood at USD 13.52 million. Despite stable revenue, net profit decreased by 31.4% year-on-year to USD 171,784, suggesting margin compression amid intense market competition and possibly higher financing or expansion costs.

The company’s financial position remains solid with positive working capital of USD 12.02 million, reflecting adequate short-term liquidity. However, the decline in profitability and modest net worth growth may indicate tightening margins and operational pressures. Given its established brand, multi-channel retail presence, and strong equity base, DI DONG VIET is assessed as a moderate credit risk—financially stable but sensitive to consumer demand fluctuations in Vietnam’s electronics retail sector.

Credit insights and analysis are provided by VANGUARD BUSINESS INFORMATION LLC (VNBIS), a leading provider of business intelligence, financial data, and credit risk assessment on Vietnamese enterprises