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VITTO GROUP JOINT STOCK COMPANY

Active

Business ID 2500578360

84-211 / 6558 861

VITTO GROUP JOINT STOCK COMPANY

Active

Business ID 2500578360

84-211 / 6558 861

VITTO GROUP JOINT STOCK COMPANY

Active

Summary

Name:

VITTO GROUP JOINT STOCK COMPANY

Business ID (TIN):

2500578360

Date of Registration:

21 Feb 2017

Registered Office:

Phu Tho Province Department of Planning and Investment

Address:

Lot 1, Section A, Tam Duong II Industrial Park, Phu Tho Province, Vietnam

Phone:

84-211 / 6558 861

Financial Statement:

2020, 2021, 2022, 2023, 2024

VITTO GROUP JOINT STOCK COMPANY, headquartered in Tam Duong II Industrial Park in Phu Tho Province, is a Vietnamese manufacturer and distributor of construction materials with a growing national presence. Operating under Business ID 2500578360 since 2017, the company has rapidly scaled its operations, supported by a workforce of approximately 1,500 employees and multiple branches across Dong Thap, Can Tho, and Ho Chi Minh City. With a focus on ceramic tiles, building materials, and machinery trading, VITTO has built a recognizable brand in Vietnam’s mid- to high-end construction market.

Backed by a paid-up charter capital of over USD 40.67 million, VITTO GROUP JOINT STOCK COMPANY is led by Nguyen A. T. (Chairman), Nguyen X. Q. (Deputy Chairman), and Cao T. K. C. (General Director). Despite strong leadership and infrastructure, recent financial statements reveal that the company is currently experiencing a downturn amid broader headwinds in Vietnam’s real estate and construction sectors.

As of the fiscal year ending 2023, VITTO GROUP JOINT STOCK COMPANY reported total assets of approximately USD 117.4 million, a 10.6% increase from 2022. However, this asset growth failed to translate into profitability. Sales dropped sharply from USD 172.1 million in 2022 to USD 119.8 million in 2023—a decline of more than 30%. The company also swung from a modest profit of USD 649,287 in 2022 to a net loss of USD -886,708 in 2023, reflecting a contraction in demand, rising input costs, or potential inventory overstocking. The erosion of owner’s equity by over 2% further confirms the strain on shareholder value and capital retention.

With negative profit margins for two consecutive years, declining revenue, and asset contraction forecasted into 2024, VITTO is facing growing pressure to realign its business strategy. The construction materials sector in Vietnam remains highly competitive and sensitive to macroeconomic cycles, particularly the health of real estate investment and infrastructure spending. For VITTO, improving operational efficiency, enhancing product innovation, and diversifying market channels will be essential to weathering this financial turbulence.

Nonetheless, the company’s size, nationwide distribution network, and control over its supply chain offer a foundation for recovery if strategic changes are implemented promptly. VITTO’s leadership team must act decisively to reduce cost burdens, boost exports, or consider joint ventures to stay competitive in the coming years.

To access the most up-to-date financial performance, risk assessment, and detailed shareholder breakdown of VITTO GROUP JOINT STOCK COMPANY, stakeholders are encouraged to purchase the full report through VANGUARD BUSINESS INFORMATION LLC (VNBIS.COM). The full report includes exclusive data on subsidiaries, debts, contracts, and credit standing—critical for investors, lenders, and partners seeking deeper insights into one of Vietnam’s key players in the building materials sector.

Legal Profile

English Name:

VITTO GROUP JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN TẬP ĐOÀN VITTO

Short Name:

VITTO GROUP.,JSC

Business ID (TIN):

2500578360

Date of Registration:

21 Feb 2017

Registered Office:

Phu Tho Province Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN A.T

+ NGUYEN X.Q

+ CAO T.K.C

+ NGUYEN H.C

Address:

Lot 1, Section A, Tam Duong II Industrial Park, Phu Tho Province, Vietnam

Phone:

84-211 / 6558 861

Branch:

Cuu Hoa Hamlet, Dong Thap Province, Vietnam

Branch:

No. 79A, Area II, Can Tho City, Vietnam

Branch:

No. 193, To Hien Thanh Street, Ho Chi Minh City, Vietnam

Branch:

Lot CN 11-13, La Son Industrial Park, Thua Thien Hue Province, Vietnam

Business Sector

Key business lines:

VSIC:

2392 Manufacture of clay building materials

NACE:

23.31 Manufacture of clay building materials

Industry Sales Growth

CAGR (2019 - 2023)

0.71%

YoY (2023)

-9.26%

Companies by industry

Company distribution and propportions

2,698

0.0928%

Key Industry Players

Top 10 companies in manufacture of clay building materials industry

prime - vinh phuc joint stock company cmc joint stock company mikado technology and trading joint stock company ca ta lan joint stock company to thanh phat joint stock company v.t.c international ceramics joint stock company royal manufacture and investment joint stock company tasa group joint stock company asia-us industrial joint stock company vitto group joint stock company

Payment History

Purchase the report to access company details.

Financial Performance

Assets	84.92%
Owner’s Equity	-10.66%
Working Capital	59.80%
Net Worth	39.33%
Sales	3.26%
Operating income	-24.43%
EBIT	-13.60%
Gross Profit Margin	-67.94%
Debt to EBITDA	55.94%

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Negative Payment Records

Banking Information

Litigation Records; Negative News

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Profit and Loss Statement

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Opinion from Analysts

Specific Questions About VITTO GROUP JOINT STOCK COMPANY

When did VITTO GROUP JSC start operating?

VITTO GROUP JSC was started in 21 Feb 2017

What industry does VITTO GROUP JSC operate in?

VITTO GROUP JSC is operating in "Manufacture of clay building materials" industry

How can I contact VITTO GROUP JSC?

VITTO GROUP JSC phone numbers is 84-211 / 6558 861

What adverse news is there about VITTO GROUP JSC?

VITTO GROUP JSC’s has no negative news

What is stock symbol of VITTO GROUP JSC?

VITTO GROUP JSC is not listed company

Where is the location of VITTO GROUP JSC?

VITTO GROUP JSC is located at Lot 1, Section A, Tam Duong II Industrial Park, Phu Tho Province, Vietnam

What is VITTO GROUP JSC’s business registration?

VITTO GROUP JSC business registration is 2500578360

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