VIET LIFE TRADING AND SERVICES JOINT STOCK COMPANY

As Vietnam’s consumer market continues to expand, few companies have demonstrated the adaptability and reach of VIET LIFE TRADING AND SERVICES JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN THƯƠNG MẠI VÀ DỊCH VỤ CUỘC SỐNG VIỆT), also known as VILITAS., JSC. Founded in 2004 and headquartered in Vinh Tuy Industrial Park, Linh Nam Street, Vinh Hung Ward, Hoang Mai District, Ha Noi City, this privately held joint stock company has developed a wide-ranging portfolio spanning retail, wholesale, and logistics within Vietnam’s dynamic consumer goods and industrial markets.

Registered under Tax Code: 0101505984, VILITAS has operated for over 21 years with an initial and current charter capital of USD 6.16 million. The company’s primary business focus lies in the retail and wholesale trade of sugar and other food products, but it also engages in diverse activities including garments, sporting goods, household appliances, beverages, real estate trading, and even clay building materials. This diversification underlines the company’s strategic agility and desire to seize opportunities across various sectors of the Vietnamese economy.

Led by Ms. Do T. T. H., who serves as General Director, VILITAS is supported by a workforce of approximately 60 employees. Its largest shareholder, Mr. Do T. A., controls a dominant 85.3% stake, reflecting strong centralized ownership and strategic control. Other shareholders include Bao Day Dai Thang Processing Manufacturing Enterpriseand Mr. Nguyen N. T., though their ownership percentages are not disclosed in the report.

From a financial standpoint, VILITAS experienced mixed performance in 2023. While revenue climbed to USD 156.73 million, marking an 11.18% year-over-year increase, the company posted a significant net loss of USD 2.82 million, a dramatic reversal from profits recorded in 2021 and 2022. This was accompanied by a 33.64% decline in owner’s equity and a 16.07% drop in total assets. Despite these challenges, the company maintained a positive working capital of USD 468,972, indicating sufficient liquidity to meet its short-term obligations.

As VILITAS navigates this period of financial strain, its core strengths remain in its established market presence, diversified business structure, and wide-ranging distribution channels across the northern regions of Vietnam. The company’s ongoing operations and ambitious scope show its resilience and potential for recovery, especially if paired with internal restructuring or renewed capital investment.

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