HOA KHANH GENERAL TRADING AND SERVICES COMPANY LIMITED

HOA KHANH GENERAL TRADING AND SERVICES COMPANY LIMITED (Vietnamese: CÔNG TY TNHH THƯƠNG MẠI VÀ DỊCH VỤ TỔNG HỢP HÒA KHÁNH, Tax Code: 0400124881) is a long-established private company operating primarily in the wholesale fuel trade. Based in 14 Nguyen Tri Phuong, Chinh Gian Ward, Thanh Khe District, Da Nang City, the firm has over 31 years of operational history since its founding in 1994, making it a notable name in Vietnam’s energy distribution landscape.

By 2023, the company achieved revenue of USD 187.85 million, marking a modest 1.84% increase compared to 2022. However, profitability dropped by over 31%, with net income falling to USD 941,900, despite a continued asset growth trend that pushed total assets to USD 47.1 million. Working capital also declined drastically, down 49.22% year-on-year, signaling rising liquidity pressures.

The ownership is heavily concentrated, with Mr. NGUYEN VAN PHUC, the Director, holding 71.22% of shares and Ms. NGUYEN THI PHUONG LAN holding the remaining 28.78%. Mr. Phuc also serves as the key executive, supported by Deputy Director Mr. NGUYEN VAN THANH and Chief Accountant Ms. CAO THI NHU TUYET. This tight leadership structure may offer strategic stability, but also increases governance risk if not balanced with external checks.

The company’s main business involves trading petroleum and lubricants. Still, its registered activities span a broad scope—from civil construction and real estate to wholesale rice, electronics, and short-term accommodation. While this may reflect diversification efforts, it also raises questions about focus and operational control across very different verticals.

Despite maintaining a large-scale presence with multiple offices (in Da Nang, Ho Chi Minh City, Quang Nam, and Gia Lai), HOA KHANH is now facing a combination of margin pressure, declining liquidity, and flattening revenue growth. From a risk management perspective, these signals warrant closer scrutiny.

VANGUARD BUSINESS INFORMATION LLC (VBI) recommends all financial institutions, suppliers, or strategic partners seeking to do business with HOA KHANH GENERAL TRADING conduct a comprehensive credit risk evaluation. Our proprietary Company Report, Financial Trend Analysis, and Due Diligence Service provide detailed insights into vulnerabilities such as declining profits, capital concentration, and overextension in unrelated sectors.

In a volatile fuel market where global price shifts can quickly disrupt cash flow, understanding the real financial footing of a legacy distributor like HOA KHANH is not just prudent—it’s essential.