Tien Thanh Service Trading Production Company Limited (Vietnam)

Being founded in 1993, the subject is engaged in distributing kinds of consumer goods including cosmetics, detergents, beverages, soft drinks, cooking oil, confectionery, dairy products, tobacco... It is one of regional distributors of P&G Vietnam and some of other brands like VINAMILK, VINATABA, Hai Chau Confectionery, Neptune cooking oil, Coca-Cola, Heineken, La Vie... Its market shares are in Bac Giang Province and some nearby provinces. The subject purchases goods from local suppliers only. The subject does not have import-export activities.Formerly, the company produced ice cream products and pure water. However, it stopped those production activities several years ago.The subject's annual net revenue was expanded gradually in the years before 2021. However, due to the negative effects of the strong outbreak of the Covid Pandemic in Vietnam, its net revenue in 2021 decreased by 4.06% against the peak in 2020. Anyway, according to Ms. Ngoc - the subject's chief accountant, thanks to the good disease control in Vietnam, the subject's business activities became busier and it generated over VND 1,400 billion of revenue in the first eleven months of 2022, higher than the total sales of 2021. Its revenue growth is expected to be 20% at least this year, she added.