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VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY

Active

Business ID 0108926276

84-24 / 3974 9999 / +84 1900 232 389

VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY

Active

Business ID 0108926276

84-24 / 3974 9999 / +84 1900 232 389

VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY

Active

Summary

Name:

VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY

Business ID (TIN):

0108926276

Date of Registration:

01 Oct 2019

Registered Office:

Ha Noi City Department of Finance

Address:

No. 7, Bang Lang 1 Street, Vinhomes Riverside Urban Area, Phuc Loi Ward, Ha Noi City, Vietnam

Phone:

84-24 / 3974 9999 / +84 1900 232 389

Financial Statement:

2020, 2021, 2022, 2023, 2024

VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY (CÔNG TY TNHH KINH DOANH THƯƠNG MẠI VÀ DỊCH VỤ VINFAST) is a prominent player in Vietnam's electric vehicle (EV) industry. As a subsidiary of Vingroup, one of Vietnam's largest conglomerates, VINFAST has rapidly expanded its presence in the domestic and international markets. Established on October 1, 2019, the company is registered under the Hanoi City Department of Planning and Investment with Business ID 0108926276. It operates as a privately held limited liability company with a charter capital of USD 8.2 million.

VINFAST specializes in the retail sale of electric cars and motorbikes, focusing on sustainable and innovative transportation solutions. Its headquarters is located at No. 7, Bang Lang 1 Street, Vinhomes Riverside Urban Area, Viet Hung Ward, Long Bien District, Hanoi, with branches in Quang Ninh, Ha Tinh, and Hanoi. The company has gained significant market traction by promoting clean energy vehicles, aligning with Vietnam’s push for environmental sustainability.

The management of VINFAST is spearheaded by General Director Duong Thi Thu Trang and Chairman of the Members' Council Nguyen Mai Hoa, both of whom play crucial roles in the company’s strategic direction. The majority shareholder, Vingroup Investment Vietnam Joint Stock Company, owns 99.5% of the company, reinforcing VINFAST’s strong backing and integration within the Vingroup ecosystem.

Financially, VINFAST has seen remarkable growth in total assets and sales, although profitability remains a challenge. As of the fiscal year ending December 31, 2023, the company reported total assets of USD 588.2 million, marking a 26.77% increase from the previous year. Sales reached USD 1.22 billion, reflecting an impressive 76.11% year-on-year growth. However, equity declined to USD -72.49 million, while net worth stood at USD -73.85 million. Despite a loss of USD -24.54 million, VINFAST showed a 49.07% improvement in profitability compared to the previous year.

VINFAST's business operations extend beyond vehicle retail. The company is involved in repair and maintenance services for fabricated metal products, machinery, transport equipment, and other industrial devices. It also engages in freight and passenger transportation, warehousing, and various food service activities.

Vanguard Business Information LLC (VBI), a leader in business intelligence and financial analysis, recognizes VINFAST as a transformative force in Vietnam’s automotive industry. Despite financial challenges, VINFAST’s aggressive expansion and technological innovation position it as a key player in the country’s shift toward sustainable mobility. Investors and industry analysts tracking Vietnam’s EV market should closely monitor VINFAST’s strategies to achieve profitability and long-term sustainability.

Legal Profile

English Name:

VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY

Vietnamese Name:

CÔNG TY TNHH KINH DOANH THƯƠNG MẠI VÀ DỊCH VỤ VINFAST

Business ID (TIN):

0108926276

Date of Registration:

01 Oct 2019

Registered Office:

Ha Noi City Department of Finance

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN M.H

+ DUONG T.T.T

Address:

No. 7, Bang Lang 1 Street, Vinhomes Riverside Urban Area, Phuc Loi Ward, Ha Noi City, Vietnam

Phone:

84-24 / 3974 9999 / +84 1900 232 389

Branch:

Vincom Plaza Ha Long, Cot Dong Ho Area, Quang Ninh Province, Vietnam

Branch:

Vincom Plaza Ha Tinh, The Intersection between Ha Huy Tap Street and Ham Nghi Street, Ha Tinh Province, Vietnam

Branch:

Symphony Building, Chu Huy Man Street, Ha Noi City, Vietnam

Branch:

Vinhomes Imperia Hai Phong, No. 1, Bach Dang Street, Hai Phong City, Vietnam

Branch:

Floor 20A, Vincom Dong Khoi, No. 72, Le Thanh Ton Street, Ho Chi Minh City, Vietnam

Branch:

Vincom Plaza Ngo Quyen, No. 910A, Ngo Quyen Street, Da Nang City, Vietnam

Branch:

Vincom Plaza Ly Thai To, The Intersection between Ly Thai To Street and Tran Hung Dao Street, Bac Ninh Province, Vietnam

Branch:

Vincom Plaza Tran Phu, No. 78-80, Tran Phu Street, Khanh Hoa Province, Vietnam

Branch:

Management Board Office, 3rd Floor, Vincom Plaza Hung Vuong, No. 2, Hung Vuong Street, Can Tho City, Vietnam

Branch:

Vincom Long Xuyen - An Giang, An Giang Province, Vietnam

Branch:

No. 79, DT 743B Road, Thong Nhat 1 Quarter, Ho Chi Minh City, Vietnam

Branch:

No. 55, Pham Thai Buong Street, Vinh Long Province, Vietnam

Business Sector

Key business lines:

VSIC:

4512 Retail sale of small cars (with 9 or fewer seats)

Industry Sales Growth

CAGR (2019 - 2023)

22.11%

YoY (2023)

14.96%

Companies by industry

Company distribution and propportions

962

0.0331%

Key Industry Players

Top 10 companies in retail sale of small cars (with 9 or fewer seats) industry

transport service no 8 joint stock company d & c general business investment joint stock company prestige sports cars company limited an du communication and payment data joint stock company toyota giai phong company limited toyota cantho company, ltd an do investment trading corporation hoa binh minh auto joint stock company vinfast commercial and services trading limited liability company an dan ha noi trade investment corporation

Payment History

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Financial Performance

Assets	60.63%
Owner’s Equity	-21.53%
Working Capital	-50.02%
Net Worth	97.32%
Sales	-37.93%
Operating income	2.78%
EBIT	7.43%
Gross Profit Margin	-23.04%
Debt to EBITDA	-7.64%

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Specific Questions About VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY

When did VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY start operating?

VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY was started in 01 Oct 2019

What industry does VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY operate in?

VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY is operating in "Retail sale of small cars (with 9 or fewer seats)" industry

How can I contact VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY?

VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY phone numbers is 84-24 / 3974 9999 / +84 1900 232 389

What adverse news is there about VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY?

VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY’s has 2 bad news

What is stock symbol of VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY?

VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY is not listed company

Where is the location of VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY?

VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY is located at No. 7, Bang Lang 1 Street, Vinhomes Riverside Urban Area, Phuc Loi Ward, Ha Noi City, Vietnam

What is VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY’s business registration?

VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY business registration is 0108926276

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VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY

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VINFAST COMMERCIAL AND SERVICES TRADING LIMITED LIABILITY COMPANY

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