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WELSTORY VIETNAM COMPANY LIMITED.

Active

Business ID 2300873626

+84 949 533 359

WELSTORY VIETNAM COMPANY LIMITED.

Active

Business ID 2300873626

+84 949 533 359

WELSTORY VIETNAM COMPANY LIMITED.

Active

Summary

Name:

WELSTORY VIETNAM COMPANY LIMITED.

Business ID (TIN):

2300873626

Date of Registration:

26 Dec 2014

Registered Office:

Bac Ninh Province Department of Finance

Address:

No. 21, Street 8, VSIP Bac Ninh II Trade and Service Industrial Park, Tam Giang Commune, Bac Ninh Province, Vietnam

Phone:

+84 949 533 359

Financial Statement:

2020, 2021, 2022, 2023, 2024

WELSTORY VIETNAM COMPANY LIMITED operates under Business ID 2300873626, registered on December 26, 2014, with its head office at No. 21, Street 8, VSIP Bac Ninh II Industrial Park, Tam Giang Commune, Bac Ninh Province, and a branch in Ho Chi Minh City. The company is a 100% foreign-owned enterprise, with full ownership held by Samsung Welstory Inc. (South Korea). It is a one-member limited liability company with charter capital of USD 16.6 million and an active workforce of approximately 3,500 employees

Business Activities and Market Role
WELSTORY Vietnam provides industrial meal services under long-term contractual arrangements with corporate clients, particularly those in the electronics and manufacturing sectors. Its operations are closely linked with Samsung’s supply chain, catering to factory employees and large industrial clients across northern and southern Vietnam. In addition to food services, the company’s registered activities include vehicle leasing, construction works, and real estate trading, though its core business remains in catering and facility management

Financial Performance
For the fiscal year ending December 31, 2023, WELSTORY Vietnam recorded:

Total Assets: USD 39.27 million (▲49.41%)
Owner’s Equity: USD 29.98 million (▲61.28%)
Sales: USD 104.18 million (▲15.33%)
Net Profit: USD 2.48 million (▲137.26%)
Working Capital: USD 13.39 million (▼23.92%)

While revenue and profitability improved significantly, the decline in working capital indicates tighter liquidity management. The company’s profit margin remains modest, suggesting a business model driven by high turnover and narrow pricing margins — typical of large-scale catering operations.

Management and Ownership
The company is led by Mr. Park H. S., a South Korean national serving as General Director. The governance structure is tightly integrated with the parent firm, Samsung Welstory Inc., ensuring operational discipline, financial oversight, and access to corporate clients. However, this dependency also limits local autonomy, as strategic and financial decisions are often determined by headquarters.

Credit and Risk Analysis
WELSTORY Vietnam shows strong growth momentum, sustained revenue expansion, and a solid equity base. Yet, a few factors merit close attention from potential business partners and credit providers:

Profitability remains low compared with total revenue, reflecting limited margins in contract-based catering.
The company’s working capital decline could restrict flexibility in meeting short-term obligations if not properly managed.
Its entire ownership under Samsung Welstory Inc. mitigates default risk but introduces group dependency risk, where external financing or support may depend on the parent’s strategic priorities.

From a financial risk management standpoint, the company’s credit profile is stable but should be monitored quarterly, especially regarding cash flow and receivables. Given its dependence on corporate clients and global food cost fluctuations, maintaining financial discipline is critical to preserving profitability.

Conclusion
WELSTORY Vietnam remains a financially sound and operationally efficient FDI enterprise with consistent growth and strong corporate backing. For business partners, it represents a low-to-moderate credit risk, suitable for standard trading terms with prudent payment monitoring.

As evaluated by VNBIS, a clear understanding of the company’s liquidity position and contractual exposure is essential to Minimize Financial Risks while leveraging long-term collaboration to Maximize Business Opportunities within Vietnam’s growing industrial catering and facility service market.

Legal Profile

English Name:

WELSTORY VIETNAM COMPANY LIMITED.

Vietnamese Name:

CÔNG TY TNHH WELSTORY VIỆT NAM.

Short Name:

WELV CO.,LTD.

Business ID (TIN):

2300873626

Date of Registration:

26 Dec 2014

Registered Office:

Bac Ninh Province Department of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

PARK H.S

Address:

No. 21, Street 8, VSIP Bac Ninh II Trade and Service Industrial Park, Tam Giang Commune, Bac Ninh Province, Vietnam

Phone:

+84 949 533 359

Branch:

No. 139D-139E, Duong Dinh Hoi Street, Phuoc Long Ward, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

5621 Provision of food services based on contractual arrangements with the customer

NACE:

56.29 Other food service activities

Industry Sales Growth

CAGR (2019 - 2023)

9.72%

YoY (2023)

8.41%

Companies by industry

Company distribution and propportions

1,645

0.0566%

Key Industry Players

Top 10 companies in provision of food services based on contractual arrangements with the customer industry

welstory vietnam company limited. promise on vina company limited tristar catering company limited (translated name) vietnamese land dragon company limited ban mai services and trading company limited long men company limited phuc loc tho foods joint stock company (translated name) vt foods company limited osac service trading company limited vina green era company limited

Payment History

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Financial Performance

Assets	-38.15%
Owner’s Equity	75.37%
Working Capital	-99.27%
Net Worth	3.72%
Sales	51.95%
Operating income	83.42%
EBIT	-78.65%
Gross Profit Margin	-6.55%
Debt to EBITDA	46.97%

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Specific Questions About WELSTORY VIETNAM COMPANY LIMITED.

When did WELSTORY VIETNAM COMPANY LIMITED. start operating?

WELSTORY VIETNAM COMPANY LIMITED. was started in 26 Dec 2014

What industry does WELSTORY VIETNAM COMPANY LIMITED. operate in?

WELSTORY VIETNAM COMPANY LIMITED. is operating in "Provision of food services based on contractual arrangements with the customer" industry

How can I contact WELSTORY VIETNAM COMPANY LIMITED.?

WELSTORY VIETNAM COMPANY LIMITED. phone numbers is +84 949 533 359

What adverse news is there about WELSTORY VIETNAM COMPANY LIMITED.?

WELSTORY VIETNAM COMPANY LIMITED.’s has 1 bad news

What is stock symbol of WELSTORY VIETNAM COMPANY LIMITED.?

WELSTORY VIETNAM COMPANY LIMITED. is not listed company

Where is the location of WELSTORY VIETNAM COMPANY LIMITED.?

WELSTORY VIETNAM COMPANY LIMITED. is located at No. 21, Street 8, VSIP Bac Ninh II Trade and Service Industrial Park, Tam Giang Commune, Bac Ninh Province, Vietnam

What is WELSTORY VIETNAM COMPANY LIMITED.’s business registration?

WELSTORY VIETNAM COMPANY LIMITED. business registration is 2300873626

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