TAN PHU AUTOMOBILE JOINT STOCK COMPANY

TAN PHU AUTOMOBILE JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN Ô TÔ TÂN PHÚ) is a privately held joint stock company that has carved out a strong presence in Vietnam’s automotive wholesale sector. Founded on May 15, 2013, and headquartered at No. 81, Cao Thang Street, Ward 03, District 3, Ho Chi Minh City, the company has been active for more than a decade and is known primarily under its Hyundai Tan Phu brand. With a tax code of 0312279692 and registration under the Ho Chi Minh City Department of Planning and Investment, the company has developed a reputation for reliability in distributing a broad array of commercial vehicles and providing complementary maintenance services.

Despite operating with a relatively lean team of 26 employees, TAN PHU AUTOMOBILE JOINT STOCK COMPANY has managed to deliver remarkable financial growth, particularly in recent years. Its 2023 revenue surged to USD 144.34 million, marking a 54.33% increase compared to the previous year. This strong performance is especially notable considering that total assets slightly declined by 5.08% to USD 34.91 million, indicating improved asset efficiency. Net profit, while still modest at USD 51,632, has shown steady growth, rising 4.52% year-over-year. The company maintains equity of USD 2.24 million and working capital of approximately USD 1.87 million, reflecting stable internal financing.

The company is led by General Director Nguyen H. D., who oversees operations and strategic expansion. Supporting roles include key staff like Pham T. H. N. from the sales department, demonstrating a clear internal structure focused on customer engagement and revenue growth. While profitability remains relatively thin, the sales volume and operational expansion speak to the company’s ability to capture market share in Vietnam’s increasingly competitive automotive landscape.

TAN PHU AUTOMOBILE JOINT STOCK COMPANY specializes in trading a diverse lineup of trucks, buses, coaches, and specialized vehicles, including garbage trucks, tank trucks, and mixing tank trucks. Its product catalog includes well-known brands such as Hyundai, Daewoo, Do Thanh, and Limousine lines like the County Limousine and Solati Flagship. In addition to sales, the company provides repair, maintenance, and warranty services, enhancing customer loyalty and generating recurring revenue. Registered business activities extend beyond vehicle wholesale to include manufacturing, leasing, construction, and retail of household goods and construction materials—indicating a long-term diversification strategy.

The shareholder structure of TAN PHU AUTOMOBILE JOINT STOCK COMPANY reveals a tightly held ownership, with the largest shareholder, Nguyen V. V., holding a 55% stake. Other notable stakeholders include Doan T. Q. T. and Nguyen V. S., both based in Vietnam, suggesting a strong domestic backing and focused strategic vision.

In the context of Vietnam’s rapid urban development and infrastructure expansion, TAN PHU AUTOMOBILE JOINT STOCK COMPANY stands as a nimble and ambitious player in the auto distribution industry. While its equity base remains modest, its ability to scale revenue quickly and maintain profitability positions it as a valuable case study in high-turnover, low-margin business models. Its strategic location in Ho Chi Minh City and its alliance with global brands like Hyundai make it well-poised for continued growth in the years ahead.