VIET HAI TRADING AND TRANSPORTATION COMPANY LIMITED

VIET HAI TRADING AND TRANSPORTATION COMPANY LIMITED (Công Ty TNHH Thương Mại và Dịch Vụ Vận Tải Viết Hải) is a privately held limited liability company operating under Business ID 3000541847, registered with the Ha Tinh Province Department of Planning and Investment. Founded on December 16, 2008, and now with over 16 years of operation, the company is headquartered at Km 11+00 THT National Highway 1A, My Trieu Hamlet, Tan Lam Huong Commune, Thach Ha District, Ha Tinh Province. It also maintains a factory in Phu Viet Commune and a branch in Nghe An Province.

The General Director, Tran V. V., who holds an 81.34% stake, leads a workforce of approximately 800 employees. Deputy General Directors include Dang T. H. (18.66% ownership) and Tran T. D.

VIET HAI TRADING AND TRANSPORTATION COMPANY LIMITED is active in the trading of construction materials, concrete and precast production, road freight services, and civil engineering. Its extended registered operations include quarrying, vehicle and equipment trading, site preparation, and real estate activities.

In 2023, the company reported total sales of USD 167.95 million, representing a 1.93% year-over-year increase. Profit stood at USD 376,227, up 26.43%, though this figure remains low relative to revenue, suggesting thin margins. Total assets decreased by 3% to USD 51.09 million, while equity modestly rose to USD 20.79 million, indicating a conservative capital structure and modest reinvestment. Working capital remained positive at USD 2.11 million, providing a liquidity buffer, although it has decreased significantly from previous years.

Despite consistent activity and modest growth, key risk signals must not be ignored. The company’s profitability remains weak relative to its revenue size, and the slight contraction in assets signals a possible decline in investment or operational capacity. Moreover, the heavily concentrated ownership structure could pose risks in governance and financial transparency.

Given the complexity of this company’s operations and its thin profit margins, Vanguard Business Information LLC (VBI) recommends a comprehensive Business Verification Service, including a Vietnam Litigation Report and a Financial Reliability Evaluation, prior to any business engagement. This is essential for identifying hidden liabilities, understanding site-specific operational risks, and confirming compliance with environmental and construction-related regulations. Reliable data from VBI can help mitigate performance and credit risks when considering cooperation with VIET HAI TRADING AND TRANSPORTATION COMPANY LIMITED.