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SAIGON UNION OF TRADING CO-OPERATIVES

Active

Business ID 0301175691

84-28 / 3836 0143 / +84 1900 555 568

SAIGON UNION OF TRADING CO-OPERATIVES

Active

Business ID 0301175691

84-28 / 3836 0143 / +84 1900 555 568

SAIGON UNION OF TRADING CO-OPERATIVES

Active

Summary

Name:

SAIGON UNION OF TRADING CO-OPERATIVES

Business ID (TIN):

0301175691

Date of Registration:

22 Mar 1999

Registered Office:

Ho Chi Minh City Department of Finance

Address:

Saigon Coop Tower, No. 131, Dien Bien Phu Street, Ward 15, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3836 0143 / +84 1900 555 568

Financial Statement:

2020, 2021, 2022, 2023, 2024

SAIGON UNION OF TRADING CO-OPERATIVES (LIÊN HIỆP HỢP TÁC XÃ THƯƠNG MẠI TP. HỒ CHÍ MINH), widely known as Saigon Co.op, is a unique business model in Vietnam’s retail sector. Established on March 22, 1999, and registered with the Ho Chi Minh City Department of Planning and Investment, it operates as a cooperative organization and has grown into Vietnam’s largest retailer, managing a vast network of supermarkets, hypermarkets, convenience stores, and wholesale distribution centers. The company runs under Tax Identification Number (TIN) 0301175691 and has a workforce of 18,000 employees, making it a major employer in the country’s retail industry.

Led by Chairman Vu Anh Khoa, General Director Nguyen Anh Duc, and Deputy General Director Le Truong Son, SAIGON UNION OF TRADING CO-OPERATIVES maintains its headquarters in Binh Thanh District, Ho Chi Minh City, with branches in Hau Giang, Dong Thap, Bac Ninh, and other key provinces. The cooperative structure is 99.19% owned by accumulated capital from Saigon Co.op, with 0.8% contributed by 26 member cooperatives and 0.01% state-owned capital.

In 2023, total assets reached USD 823.46 million, marking a 2.2% increase from the previous year, while owner’s equity rose by 9.43% to USD 472.91 million, reflecting the cooperative’s strong financial foundation. Despite these gains, total sales declined by 6.59% to USD 685.64 million, signaling challenges in consumer spending and market competition. However, net profit grew by 8.83% to USD 40.76 million, indicating effective cost management and operational efficiency despite revenue contraction.

SAIGON UNION OF TRADING CO-OPERATIVES operates a multi-format retail model, including Co.opmart supermarkets, Co.opXtra hypermarkets, Co.op Food convenience stores, and Co.op Smile mini-marts, catering to diverse consumer segments. The company is also engaged in wholesale trade and supply chain management, ensuring efficient distribution and logistics for its extensive retail network.

The cooperative faces both significant opportunities and challenges. On one hand, Vietnam’s growing middle class, increasing urbanization, and shifting consumer preferences toward modern retail create a promising environment for expansion. On the other hand, rising competition from foreign retailers, changing market dynamics, and digital transformation pressures require strategic adaptation and innovation. Saigon Co.op’s ability to modernize its operations, expand e-commerce capabilities, and enhance customer experiences will be crucial in maintaining its market leadership.

VANGUARD BUSINESS INFORMATION LLC (VBI) is a leading business intelligence, financial analysis, and risk assessment services provider. With a comprehensive database covering companies in Vietnam and worldwide, VBI delivers detailed insights for investors, financial institutions, and businesses seeking accurate corporate information. Whether conducting credit evaluations, market research, or competitive analysis, VBIprovides customized intelligence solutions to support strategic decision-making and investment planning.

Legal Profile

English Name:

SAIGON UNION OF TRADING CO-OPERATIVES

Vietnamese Name:

LIÊN HIỆP HỢP TÁC XÃ THƯƠNG MẠI TP. HỒ CHÍ MINH

Short Name:

SAIGON CO.OP

Business ID (TIN):

0301175691

Date of Registration:

22 Mar 1999

Registered Office:

Ho Chi Minh City Department of Finance

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ VU A.K

+ NGUYEN A.D

+ LE T.S

+ PHAM T.K

+ TRAN L.H

+ NGUYEN N.T

+ NGUYEN H.D.H

Address:

Saigon Coop Tower, No. 131, Dien Bien Phu Street, Ward 15, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3836 0143 / +84 1900 555 568

Registration Address:

No. 199 - 205, Nguyen Thai Hoc Street, Ho Chi Minh City, Vietnam

Branch:

Lot D1-D6, Tan Phu Thanh Concentration Industrial Cluster, Can Tho City, Vietnam

Branch:

No. 01, Ngo Thoi Nham Street, Dong Thap Province, Vietnam

Branch:

No. 1, Road No. 12, VSIP Bac Ninh Service - Urban - Industrial Park, Bac Ninh Province, Vietnam

Branch:

No. 26A, Tran Quoc Tuan Street, Vinh Long Province, Vietnam

Branch:

No. 51, Nguyen Van Cu Street, Bac Ninh Province, Vietnam

Branch:

Huynh Thuc Khang Street, Group 1, Lam Dong Province, Vietnam

Business Sector

Key business lines:

VSIC:

4690 Non-specialized wholesale trade

NACE:

46.90 Non-specialised wholesale trade

Industry Sales Growth

CAGR (2019 - 2023)

2.67%

YoY (2023)

3.87%

Companies by industry

Company distribution and propportions

18,661

0.6419%

Key Industry Players

Top 10 companies in non-specialized wholesale trade industry

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Payment History

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Financial Performance

Assets	43.60%
Owner’s Equity	45.33%
Working Capital	38.62%
Net Worth	-17.56%
Sales	-41.25%
Operating income	-18.53%
EBIT	44.73%
Gross Profit Margin	-98.56%
Debt to EBITDA	33.24%

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Specific Questions About SAIGON UNION OF TRADING CO-OPERATIVES

When did SAIGON UNION OF TRADING CO-OPERATIVES start operating?

SAIGON UNION OF TRADING CO-OPERATIVES was started in 22 Mar 1999

What industry does SAIGON UNION OF TRADING CO-OPERATIVES operate in?

SAIGON UNION OF TRADING CO-OPERATIVES is operating in "Non-specialized wholesale trade" industry

How can I contact SAIGON UNION OF TRADING CO-OPERATIVES?

SAIGON UNION OF TRADING CO-OPERATIVES phone numbers is 84-28 / 3836 0143 / +84 1900 555 568

What adverse news is there about SAIGON UNION OF TRADING CO-OPERATIVES?

SAIGON UNION OF TRADING CO-OPERATIVES’s has 2 bad news

What is stock symbol of SAIGON UNION OF TRADING CO-OPERATIVES?

SAIGON UNION OF TRADING CO-OPERATIVES is not listed company

Where is the location of SAIGON UNION OF TRADING CO-OPERATIVES?

SAIGON UNION OF TRADING CO-OPERATIVES is located at Saigon Coop Tower, No. 131, Dien Bien Phu Street, Ward 15, Ho Chi Minh City, Vietnam

What is SAIGON UNION OF TRADING CO-OPERATIVES’s business registration?

SAIGON UNION OF TRADING CO-OPERATIVES business registration is 0301175691

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