SAIGON SONG HAU BEER TRADING JOINT STOCK COMPANY

SAIGON SONG HAU BEER TRADING JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN THƯƠNG MẠI BIA SÀI GÒN SÔNG HẬU) is a long-standing Vietnamese beverage wholesaler operating predominantly in the southern region of Vietnam. Established in 2006 and headquartered at No. 29-30, Vo Nguyen Giap Street, Phu Thu Ward, Cai Rang District, Can Tho City, the company has been in operation for nearly two decades and serves as a major distributor in the beer supply chain, particularly associated with the popular Saigon Beer brand.

The company is registered under tax code 1800620445 and maintains active business operations in beverage wholesale, inland water transport, road freight, real estate trading, restaurant services, and advertising. While its brand is widely familiar in the Mekong Delta area, few outside the beverage industry are aware of its financial standing.

Financially, SAIGON SONG HAU BEER TRADING JOINT STOCK COMPANY experienced a challenging year in 2023. Revenue declined by 14.4% to USD 178.69 million, reversing the previous year’s strong growth of nearly 27%. Even more concerning was the decline in net profit, which dropped by 29.25% to USD 4.76 million. The erosion of profitability could reflect narrowing margins, changes in supplier or tax costs, or higher operational overhead. It is also noteworthy that the company’s owner’s equity dropped 22.63%, falling to USD 6.78 million, which is a significant decrease for a firm of this scale.

Nonetheless, the company remains relatively well-capitalized with total assets of USD 16.45 million and positive working capital of USD 4.85 million. These figures indicate that the firm is still able to meet its short-term obligations comfortably and is not in immediate financial distress. However, the steady erosion of equity and profit—following a short-lived peak in 2022—raises caution flags for long-term stakeholders and suppliers.

Ownership of SAIGON SONG HAU BEER TRADING JOINT STOCK COMPANY is concentrated, with SAIGON BEER TRADING COMPANY LIMITED holding a 90% stake. This parent entity is associated with the SABECO ecosystem, which explains the company's strategic role in distributing Saigon-branded beverages across southern Vietnam. The company has 154 employees and is managed by Mr. Truong Vinh Tung, who holds the position of Director.

In summary, SAIGON SONG HAU BEER TRADING JOINT STOCK COMPANY is a strategically placed and locally prominent beverage wholesaler. While the brand enjoys strong regional presence and affiliation with SABECO enhances its market position, the recent financial downturns in revenue, profit, and equity signal potential operational or market difficulties. For customers and suppliers, the company remains a viable and actively operating partner, but it would be wise to monitor financial updates closely and structure engagements accordingly. For independent verification, risk assessments, or partner due diligence, reach out to VANGUARD BUSINESS INFORMATION LLC (VBI) for comprehensive business intelligence on Vietnam’s leading beverage and distribution firms.