VIETTEL LOGISTICS COMPANY LIMITED

Continuing the overview, AN KHANH CONSTRUCTION MATERIAL JOINT STOCK COMPANY stands at a critical juncture in its corporate development. While its total revenue growth in 2023—surging nearly 85% to USD 168.02 million—reflects strong market demand and effective contract acquisition, the corresponding steep net loss signals systemic inefficiencies that demand urgent attention from management. The company’s equity base has also weakened to USD 6.54 million, a year-over-year decline of nearly 15%, placing additional pressure on financial stability.

The leadership under Nguyen V. Th., as Chairman, and Nguyen L. M., as General Director, is crucial in navigating the firm through its current financial headwinds. With 51% and 8% ownership respectively, both executives not only manage but also have a substantial equity stake, aligning their interests closely with the company’s long-term viability. Despite the presence of a modest workforce of 50 employees, the company's operations span a wide range of sectors—from construction installation and engineering consultancy to resource extraction—suggesting a broad but possibly overstretched strategic footprint.

One key observation from the financial report is the significant drop in profitability. While 2021 marked a profit of over USD 800,000, this turned into a loss exceeding USD 1.14 million by 2023. A possible explanation is the cost overrun or delays in high-volume construction contracts, challenges common in the industry. Additionally, the working capital position—currently at USD 6.25 million—is under strain, indicating liquidity tightening even as top-line revenue accelerates.

Given these dynamics, prospective partners or clients are advised to exercise caution and conduct comprehensive business verification and performance risk assessments. The mismatch between soaring revenue and escalating losses underscores the need for improved cost control, internal efficiency, and possibly a strategic refocus on core competencies.

In conclusion, while AN KHANH CONSTRUCTION MATERIAL JOINT STOCK COMPANY has demonstrated strong sales growth and maintains a commanding presence in the Thai Nguyen construction and materials market, it faces mounting financial and operational risks. Future collaboration with this company should be contingent upon a careful review of its balance sheet health, project delivery performance, and overall management strategy. Vanguard Business Information LLC offers comprehensive company credit reports, financial health analysis, and Vietnam litigation risk data to support such decisions.