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VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION

Active

Business ID 0100103866

84-24 / 6280 0802

VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION

Active

Business ID 0100103866

84-24 / 6280 0802

VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION

Active

Summary

Name:

VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION

Business ID (TIN):

0100103866

Date of Registration:

06 Oct 2010

Registered Office:

Ha Noi City Department of Planning and Investment

Ticker:

VEA

Address:

Lot D, Zone D1, Phu Thuong Ward, Tay Ho District, Ha Noi City, Vietnam

Phone:

84-24 / 6280 0802

Financial Statement:

2020, 2021, 2022, 2023, 2024

With more than 21 years of continuous operation, VIET LIFE TRADING AND SERVICES JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN THƯƠNG MẠI VÀ DỊCH VỤ CUỘC SỐNG VIỆT), or VILITAS., JSC, has carved out a distinct position in Vietnam’s retail and wholesale landscape. Based in Vinh Tuy Industrial Park, Hoang Mai District, Hanoi, the company is recognized for its core business in trading sugar and food products, while actively expanding into garments, sporting goods, and household consumer items.

Despite recent financial headwinds, VILITAS remains operationally robust. In 2023, the company recorded revenue of USD 156.73 million, marking a solid 11.18% growth compared to the previous year. However, this positive topline performance was offset by a steep net loss of USD 2.82 million, a result that may stem from internal restructuring, inflationary cost pressures, or changes in market dynamics. The company’s owner’s equity dropped by over 33%, and total assets declined to USD 22.93 million. Nevertheless, a positive working capital balance indicates that the company retains short-term financial resilience.

At the helm is Ms. Do T. T. H., the company’s General Director, who oversees a lean but effective team of 60 employees. The largest shareholder, Mr. Do T. A., controls a commanding 85.3% of the company, ensuring centralized control and decision-making capacity. Other named shareholders include Bao Day Dai Thang Processing Manufacturing Enterprise and Mr. Nguyen N. T., though their precise stakes remain undisclosed.

The company’s registered business lines reflect an aggressive diversification strategy. Beyond food retail, VILITAS is authorized to engage in the manufacture of building materials, real estate brokerage, freight transport, sporting goods retail, and even beverage wholesale and tobacco distribution. This multi-sectoral approach highlights its ambition to evolve from a traditional trader into a full-fledged consumer-focused conglomerate.

For stakeholders, this complex business model offers both risks and opportunities. Investors, suppliers, and partners seeking to understand the financial health, shareholder structure, and regulatory compliance of companies like VILITAS can benefit significantly from services such as company verification, credit risk analysis, and financial reporting services offered by Vanguard Business Information (VBI). These tools are crucial for making informed business decisions in Vietnam’s rapidly evolving marketplace.

As VILITAS looks toward recovery and repositioning, its long-standing market presence, diversified activities, and strong leadership make it a company worth monitoring. Whether it seeks to streamline operations, attract strategic investors, or focus on high-margin product lines, it stands as an example of a Vietnamese enterprise striving to navigate challenges while maintaining its role in the national distribution network.

Legal Profile

English Name:

VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION

Vietnamese Name:

TỔNG CÔNG TY MÁY ĐỘNG LỰC VÀ MÁY NÔNG NGHIỆP VIỆT NAM - CTCP

Short Name:

VEAM

Business ID (TIN):

0100103866

Date of Registration:

06 Oct 2010

Registered Office:

Ha Noi City Department of Planning and Investment

Ticker:

VEA

Ownership Status:

State-owned

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGO K.H

+ NGUYEN H.G

+ PHAM A.T

+ LE M.Q

+ LE C.H

Address:

Lot D, Zone D1, Phu Thuong Ward, Tay Ho District, Ha Noi City, Vietnam

Phone:

84-24 / 6280 0802

Branch:

No. 284, Binh Minh Road, Nghi Huong Ward, Cua Lo Town, Nghe An Province, Vietnam

Branch:

Lot B15, Road 12, Hiep Phuoc Industrial Park, Hiep Phuoc Commune, Nha Be District, Ho Chi Minh City, Vietnam

Branch:

No. 90-92, Tran Binh Trong Street, Ward 1, District 5, Ho Chi Minh City, Vietnam

Branch:

Area 6, Bac Son Ward, Bim Son Town, Thanh Hoa Province, Vietnam

Branch:

No. 747 (Floor 2), Tran Hung Dao Street, Ward 1, District 5, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

2920 Manufacture of bodies (coachwork) for motor vehicles and other motor vehicles; manufacture of trailers and semi-trailers

NACE:

29.20 Manufacture of bodies (coachwork) for motor vehicles; manufacture of trailers and semi-trailers

NAICS:

3362 Motor Vehicle Body and Trailer Manufacturing

Industry Sales Growth

CAGR (2019 - 2023)

7.88%

YoY (2023)

-33.10%

Companies by industry

Company distribution and propportions

146

0.0050%

Key Industry Players

Top 10 companies in manufacture of bodies (coachwork) for motor vehicles and other motor vehicles; manufacture of trailers and semi-trailers industry

soosan vina motor co.,ltd quyen automobile service-trading- production company limited thaco chu lai mechanical complex limited liability company vinh phat motors company limited tin nghia autocar company limited daehan motors company limited chien you viet nam joint stock company thaco special vehicles manufacturing limited company patec mien bac company limited thaco industries trailers and heavy steel structures manufacturing limited liability company

Payment History

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Financial Performance

Assets	-31.26%
Owner’s Equity	-36.27%
Working Capital	1.09%
Net Worth	-5.75%
Sales	26.23%
Operating income	-95.76%
EBIT	60.61%
Gross Profit Margin	7.16%
Debt to EBITDA	18.37%

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Business Operation

Assets

Owner's Equity

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Profit

Company Standard Report

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EBT

EBITDA

Working Capital

Tangible Net Worth

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Profit and Loss Statement

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Historical Information

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Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION

When did VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION start operating?

VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION was started in 06 Oct 2010

What industry does VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION operate in?

VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION is operating in "Manufacture of bodies (coachwork) for motor vehicles and other motor vehicles; manufacture of trailers and semi-trailers" industry

How can I contact VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION?

VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION phone numbers is 84-24 / 6280 0802

What adverse news is there about VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION?

VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION’s has 135 bad news

What is stock symbol of VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION?

VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION’s stock symbol is VEA

Where is the location of VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION?

VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION is located at Lot D, Zone D1, Phu Thuong Ward, Tay Ho District, Ha Noi City, Vietnam

What is VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION’s business registration?

VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION business registration is 0100103866

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VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION

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