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VIETNAM STAR AUTOMOBILE LIMITED

Active

Business ID 0303313001

+84 903001365

VIETNAM STAR AUTOMOBILE LIMITED

Active

Business ID 0303313001

+84 903001365

VIETNAM STAR AUTOMOBILE LIMITED

Active

Summary

Name:

VIETNAM STAR AUTOMOBILE LIMITED

Business ID (TIN):

0303313001

Date of Registration:

11 Apr 2007

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Address:

Lot DVTM-2 and DVTM-3, Road No. 7, Tan Thuan Export Processing Zone, Tan Thuan Dong Ward, District 7, Ho Chi Minh City, Vietnam

Phone:

+84 903001365

Financial Statement:

2020, 2021, 2022, 2023, 2024

VIETNAM STAR AUTOMOBILE LIMITED (Công Ty TNHH Ô Tô Ngôi Sao Việt Nam) is a foreign-invested limited liability company operating under Business ID 0303313001. The company was founded in April 2007 and is fully owned by Hap Seng Star (Vietnam) Sdn. Bhd., a Malaysian entity. Its head office is located in the Tan Thuan Export Processing Zone, District 7, Ho Chi Minh City, with multiple branches in Hanoi and across southern Vietnam. The General Director is John L. W., of South African nationality.

The company specializes in the wholesale of motor vehicles, particularly luxury cars, and has long been associated with premium automotive brands such as Mercedes-Benz. However, recent financial figures suggest Vietnam Star is facing significant headwinds.

In 2024, the company’s total sales fell to USD 139.88 million, down 17.62% compared to 2023 and nearly 50% below its 2022 revenue. Even more concerning, the firm continued to operate at a loss, recording a negative net profit of USD 5.57 million for the year. This follows a loss of over USD 5.6 million in 2023, and reverses the profitable position it held in 2022 with over USD 8.85 million in earnings.

Total assets also declined sharply, from USD 96.17 million in 2022 to just over USD 50.36 million in 2024—a 48% drop in two years. Owner’s equity contracted from USD 28 million in 2022 to under USD 17 million in 2024. This pattern reflects not only declining performance but possibly also asset disposals or capital erosion.

Working capital in 2024 remained positive at USD 2.45 million, but the declining equity base and persistent losses suggest the company may be under financial pressure. With a workforce of 335 and ongoing operations, Vietnam Star continues to hold market presence, but the current figures raise critical concerns about long-term profitability, liquidity, and sustainability.

For partners, suppliers, or stakeholders, it is essential to understand that while Vietnam Star still operates in Vietnam’s automotive sector, its recent financial trend indicates structural challenges that may not be resolved quickly. Any engagement should be carefully evaluated in light of these declining indicators.

Legal Profile

English Name:

VIETNAM STAR AUTOMOBILE LIMITED

Vietnamese Name:

CÔNG TY TNHH Ô TÔ NGÔI SAO VIỆT NAM

Business ID (TIN):

0303313001

Date of Registration:

11 Apr 2007

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

JOHN L.W

Address:

Lot DVTM-2 and DVTM-3, Road No. 7, Tan Thuan Export Processing Zone, Tan Thuan Dong Ward, District 7, Ho Chi Minh City, Vietnam

Phone:

+84 903001365

Branch:

No. 2, Truong Chinh Street, Tay Thanh Ward, Tan Phu District, Ho Chi Minh City, Vietnam

Transaction office:

No. 811-813 (Lot H8-2), Nguyen Van Linh Street, Tan Phong Ward, District 7, Ho Chi Minh City, Vietnam

Branch:

Lot D5-1, Ha Noi Dai Tu Industrial Park, Sai Dong Ward, Long Bien District, Ha Noi City, Vietnam

Branch:

No. 2, Ngo Quyen Street, Ly Thai To Ward, Hoan Kiem District, Ha Noi City, Vietnam

Branch:

Vinh Diem Thuong Hamlet, Vinh Hiep Commune, Nha Trang City, Khanh Hoa Province, Vietnam

Branch:

No. 38, Che Lan Vien Street, Tay Thanh Ward, Tan Phu District, Ho Chi Minh City, Vietnam

Branch:

No. 4, The Canary, Binh Duong Revenue, Binh Hoa Ward, Thuan An City, Binh Duong Province, Vietnam

Business Sector

Key business lines:

VSIC:

4511 Wholesale of motor vehicles and other motor vehicles

NAICS:

42311 Automobile and Other Motor Vehicle Merchant Wholesalers

Industry Sales Growth

CAGR (2019 - 2023)

7.03%

YoY (2023)

-16.08%

Companies by industry

Company distribution and propportions

9,884

0.3400%

Key Industry Players

Top 10 companies in wholesale of motor vehicles and other motor vehicles industry

hang xanh motors service joint stock company mercedes-benz vietnam company limited toyota bien hoa company limited vietnam star automobile limited thaco auto distribution company limited hoan cau auto joint stock company lexus thang long joint stock company tan phu automobile joint stock company hyundai thanh cong commercial vehicle joint stock company hyundai thanh cong viet nam auto joint venture joint stock company

Payment History

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Financial Performance

Assets	1.34%
Owner’s Equity	-12.78%
Working Capital	98.35%
Net Worth	-58.59%
Sales	-69.65%
Operating income	51.58%
EBIT	-25.87%
Gross Profit Margin	-44.50%
Debt to EBITDA	-41.39%

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Specific Questions About VIETNAM STAR AUTOMOBILE LIMITED

When did VIETNAM STAR AUTOMOBILE LIMITED start operating?

VIETNAM STAR AUTOMOBILE LIMITED was started in 11 Apr 2007

What industry does VIETNAM STAR AUTOMOBILE LIMITED operate in?

VIETNAM STAR AUTOMOBILE LIMITED is operating in "Wholesale of motor vehicles and other motor vehicles" industry

How can I contact VIETNAM STAR AUTOMOBILE LIMITED?

VIETNAM STAR AUTOMOBILE LIMITED phone numbers is +84 903001365

What adverse news is there about VIETNAM STAR AUTOMOBILE LIMITED?

VIETNAM STAR AUTOMOBILE LIMITED’s has no negative news

What is stock symbol of VIETNAM STAR AUTOMOBILE LIMITED?

VIETNAM STAR AUTOMOBILE LIMITED is not listed company

Where is the location of VIETNAM STAR AUTOMOBILE LIMITED?

VIETNAM STAR AUTOMOBILE LIMITED is located at Lot DVTM-2 and DVTM-3, Road No. 7, Tan Thuan Export Processing Zone, Tan Thuan Dong Ward, District 7, Ho Chi Minh City, Vietnam

What is VIETNAM STAR AUTOMOBILE LIMITED’s business registration?

VIETNAM STAR AUTOMOBILE LIMITED business registration is 0303313001

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