WINCOMMERCE GENERAL COMMERCIAL SERVICES JOINT STOCK COMPANY

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.