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WINCOMMERCE GENERAL COMMERCIAL SERVICES JOINT STOCK COMPANY

Active

Business ID 0104918404

84-28 / 7108 1368

WINCOMMERCE GENERAL COMMERCIAL SERVICES JOINT STOCK COMPANY

Active

Business ID 0104918404

84-28 / 7108 1368

WINCOMMERCE GENERAL COMMERCIAL SERVICES JOINT STOCK COMPANY

Active

Summary

Name:

WINCOMMERCE GENERAL COMMERCIAL SERVICES JOINT STOCK COMPANY

Business ID (TIN):

0104918404

Date of Registration:

20 Sep 2010

Registered Office:

Ho Chi Minh City Department of Finance

Address:

No. 23, Le Duan Street, Ho Chi Minh City, Vietnam

Phone:

84-28 / 7108 1368

Financial Statement:

2020, 2021, 2022, 2023, 2024

WINCOMMERCE GENERAL COMMERCIAL SERVICES JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN DỊCH VỤ THƯƠNG MẠI TỔNG HỢP WINCOMMERCE), commonly known as WINCOMMERCE JSC, is a major player in Vietnam’s retail industry, operating an extensive network of supermarkets and convenience stores under the WinMartand WinMart+ brands. As a privately held joint stock company, WINCOMMERCE JSC has been actively shaping the country’s retail landscape for over 14 years.

LEGAL STATUS AND CORPORATE STRUCTURE

WINCOMMERCE JSC is a privately held joint stock company with Business ID: 0104918404, registered under the Ho Chi Minh City Department of Planning and Investment since September 20, 2010. The company’s charter capital and paid-up capital stand at USD 341.85 million.

Its ownership structure is dominated by VCM Services and Trading Development JSC, which holds 100% of the shares. The company’s headquarters is located at No. 23, Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam, with additional branches in Hanoi, Ninh Binh, and Phu Tho.

KEY PERSONNEL

WINCOMMERCE JSC’s leadership team consists of highly experienced professionals in Vietnam’s business landscape:

Chairman: NGUYEN DANG QUANG (Vietnamese)
General Director: NGUYEN THI PHUONG (Vietnamese)
Chief Accountant: DINH THI MY HANH (Vietnamese)

FINANCIAL PERFORMANCE

Despite being a market leader, WINCOMMERCE JSC has faced financial challenges in recent years. As of FYE December 31, 2023, key financial figures include:

Total Assets: USD 759.8 million (YoY Growth: +1.07%)
Total Sales: USD 1.23 billion (YoY Growth: +2.14%)
Working Capital: USD 83.23 million (YoY Decline: -62.63%)
Equity: USD 144.68 million (YoY Decline: -11.49%)
Net Worth: USD 139.26 million (YoY Decline: -10.95%)
Profit: USD -18.79 million (YoY Decline: -2.67%)

These figures indicate that while WINCOMMERCE JSC has maintained stable sales growth, profitability remains a concern, with the company reporting three consecutive years of losses.

CORE BUSINESS OPERATIONS

WINCOMMERCE JSC specializes in retail and consumer goods distribution through its WinMart supermarkets, WinMart+ convenience stores, and WIN store chain. In addition to retail, the company has registered business activities in:

Food processing (meat, seafood, dairy, bakery, vegetable oils)
Beverage production (non-alcoholic drinks, mineral waters)
Wholesale trading (iron, steel)
Transport & logistics (sea, inland, and pipeline transport)

VANGUARD BUSINESS INFORMATION LLC (VBI) AND MARKET INSIGHTS

VANGUARD BUSINESS INFORMATION LLC (VBI), a trusted provider of business intelligence and financial data, has identified WINCOMMERCE JSC as a significant entity in Vietnam’s retail and FMCG sector. While the company boasts a vast market presence and asset base, profitability remains a challenge.

VBI's analysis highlights that WINCOMMERCE JSC’s sustained revenue growth, despite declining equity and negative profitability, signals potential restructuring needs to enhance financial stability. Investors and business analysts tracking Vietnam’s retail market should closely monitor WINCOMMERCE JSC’s strategic adjustments in the coming years.

CONCLUSION

As Vietnam’s leading retail chain, WINCOMMERCE JSC continues to expand its supermarket and convenience store network, serving millions of consumers. However, its financial struggles underscore the need for operational efficiency and profitability-focused strategies. With industry insights provided by VANGUARD BUSINESS INFORMATION LLC (VBI), stakeholders can make informed decisions regarding WINCOMMERCE JSC’s market position and investment potential in Vietnam’s dynamic retail landscape.

Legal Profile

English Name:

WINCOMMERCE GENERAL COMMERCIAL SERVICES JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN DỊCH VỤ THƯƠNG MẠI TỔNG HỢP WINCOMMERCE

Short Name:

WINCOMMERCE JSC

Business ID (TIN):

0104918404

Date of Registration:

20 Sep 2010

Registered Office:

Ho Chi Minh City Department of Finance

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN D.Q

+ NGUYEN T.P

+ DINH T.M.H

Address:

No. 23, Le Duan Street, Ho Chi Minh City, Vietnam

Phone:

84-28 / 7108 1368

Transaction office:

6th Floor, International Center Building, No. 17, Ngo Quyen Street, Ha Noi City, Vietnam

Branch:

No. 848, Tran Hung Dao Street, Ninh Binh Province, Vietnam

Branch:

2nd Floor, Vincom Viet Tri Plaza Trade Center, No. 2, Hung Vuong Street, Thanh Mieu Ward, Phu Tho Province, Vietnam

Branch:

Vincom Ha Tinh Trade Center, Crossroads Corner, Ha Huy Tap Street, Ha Tinh Province, Vietnam

Branch:

Nguyen Trai 1 Residential Area, Hai Phong City, Vietnam

Branch:

2nd Floor, Vincom Plaza Ha Long Trade Center, Cot Dong Ho Area, Quang Ninh Province, Vietnam

Branch:

L2-01, 2nd Floor, Vincom Plaza Trade Center, No. 910A, Ngo Quyen Street, Da Nang City, Vietnam

Branch:

Vincom An Giang Trade Center, Tran Hung Dao Street, An Giang Province, Vietnam

Branch:

12th Floor, Mplaza SaiGon Building Building, No. 39, Le Duan Street, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

4719 Other retail sale in non-specialized stores

NACE:

47.19 Other retail sale in non-specialised stores

Industry Sales Growth

CAGR (2019 - 2023)

1.71%

YoY (2023)

9.13%

Companies by industry

Company distribution and propportions

4,363

0.1501%

Key Industry Players

Top 10 companies in other retail sale in non-specialized stores industry

espace big c thăng long eb hai phong joint stock company espace big c an lac company limited espace business hue joint stock company lotte vietnam shopping joint stock company southern airports services joint stock company aeon vietnam company limited wincommerce general commercial services joint stock company tien luc service trading and gold silver company limited thiso retail company limited

Payment History

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Financial Performance

Assets	-6.49%
Owner’s Equity	8.63%
Working Capital	-54.10%
Net Worth	-97.31%
Sales	16.58%
Operating income	-62.04%
EBIT	9.07%
Gross Profit Margin	53.83%
Debt to EBITDA	58.72%

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Opinion from Analysts

Specific Questions About WINCOMMERCE GENERAL COMMERCIAL SERVICES JOINT STOCK COMPANY

When did WINCOMMERCE GENERAL COMMERCIAL SERVICES JSC start operating?

WINCOMMERCE GENERAL COMMERCIAL SERVICES JSC was started in 20 Sep 2010

What industry does WINCOMMERCE GENERAL COMMERCIAL SERVICES JSC operate in?

WINCOMMERCE GENERAL COMMERCIAL SERVICES JSC is operating in "Other retail sale in non-specialized stores" industry

How can I contact WINCOMMERCE GENERAL COMMERCIAL SERVICES JSC?

WINCOMMERCE GENERAL COMMERCIAL SERVICES JSC phone numbers is 84-28 / 7108 1368

What adverse news is there about WINCOMMERCE GENERAL COMMERCIAL SERVICES JSC?

WINCOMMERCE GENERAL COMMERCIAL SERVICES JSC’s has 3 bad news

What is stock symbol of WINCOMMERCE GENERAL COMMERCIAL SERVICES JSC?

WINCOMMERCE GENERAL COMMERCIAL SERVICES JSC is not listed company

Where is the location of WINCOMMERCE GENERAL COMMERCIAL SERVICES JSC?

WINCOMMERCE GENERAL COMMERCIAL SERVICES JSC is located at No. 23, Le Duan Street, Ho Chi Minh City, Vietnam

What is WINCOMMERCE GENERAL COMMERCIAL SERVICES JSC’s business registration?

WINCOMMERCE GENERAL COMMERCIAL SERVICES JSC business registration is 0104918404

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WINCOMMERCE GENERAL COMMERCIAL SERVICES JOINT STOCK COMPANY