VIET KIM COMMERCIAL AND SERVICE JOINT STOCK COMPANY

Viet Kim Commercial and Service Joint Stock Company operates in the specialized wholesale of metals, metal ores, petroleum products, machinery, and industrial equipment across multiple sectors in Vietnam. Established in 2020, the company has grown into a diversified distributor with activities spanning iron and steel, crude oil, gas products, mining machinery, electrical equipment, and office and medical devices. Despite its relatively recent founding, Viet Kim has expanded its commercial footprint rapidly within the northern market, supported by the purchasing power of industrial clients and a broad product portfolio.

One notable feature of Viet Kim is the unusual volatility in its financial structure, driven by rapid scale up in the early years and equally sharp contractions as market conditions shifted. This pattern indicates a company operating in highly dynamic trading cycles where demand, pricing, and inventory management have a significant impact on performance.

Leadership and Shareholders

The company is led by Nhu M. D., Director and Legal Representative, who oversees operations, supplier relationships, trading activities, and financial compliance. His role includes navigating the company through fast moving commodity cycles and maintaining relationships with high volume customers.

Viet Kim maintains a domestic shareholder structure concentrated primarily among individual Vietnamese investors. The largest shareholder, Vu V. P., holds 45 percent of total equity, giving him substantial influence over strategic decision making. Additional shareholders include Vu T. L., Dang D. H., Nguyen H. M., and Nguyen C. T., each holding 10 percent, while other minority shareholders collectively account for 15 percent of ownership.

Financial Growth and Market Risks

The company reported revenue of USD 79.04 million in 2023, an increase compared to the prior year, yet accompanied by a net loss due to declining margins and a sharp contraction in total assets and equity. Working capital also decreased, reflecting challenges in liquidity and the pressure of operating within volatile commodity markets.

Exposure to raw material price swings, credit risks within the metals supply chain, and the sensitivity of industrial buyers represent key risks for Viet Kim. The company’s performance has shown significant fluctuations, suggesting a trading model heavily influenced by market timing and cost cycles. A more detailed assessment of credit quality, liquidity stress points, and operational reliability is available in the VNBIS Company Comprehensive Report.

Business Intelligence and Risk Outlook

In the near term, Viet Kim’s performance will depend on its ability to manage inventory turnover, secure reliable supplier contracts, and maintain stable relationships across its industrial customer base. Vietnam’s metals and petroleum distribution sectors remain competitive, with pricing pressure and financing constraints affecting trading companies of similar scale.

Over the longer horizon, the company’s outlook will hinge on its ability to stabilize its capital structure, strengthen working capital management, and diversify revenue sources to reduce exposure to single commodity cycles. Viet Kim’s extensive business line registrations suggest ambition to broaden its trading portfolio, but execution will require disciplined financial strategy and operational control. Investors and partners evaluating the company can gain a full understanding of these risk dynamics through VNBIS advanced reporting.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides a complete suite of professional business intelligence solutions to assist investors, suppliers, and financial institutions assessing Viet Kim Commercial and Service Joint Stock Company.

VNBIS services include:

• Company Credit Reports evaluating solvency, liquidity, and financial health
• Risk Management Solutions analyzing exposure to commodity price cycles, working capital pressures, and competitive trading dynamics
• Business Verification and Due Diligence Reports confirming ownership structure, governance practices, and regulatory compliance

Through these services, VNBIS helps clients make informed, transparent, and data driven business decisions.