ASIA - STEEL JOINT STOCK COMPANY

ASIA - STEEL JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN THÉP ASIA) was established on 16 March 2021 and operates in Thuan Dao Industrial Park (Expanded), Tay Ninh Province. Despite being a relatively young enterprise, the company has expanded rapidly within Vietnam’s steel manufacturing sector, focusing on the production and trading of steel products and steel pipes.

The company operates as a privately held joint-stock company with a fully paid-up charter capital of USD 20.54 million. It employs approximately 210 workers and is led by Director NGUYEN T. T. Its manufacturing activities include the production of iron, steel, cast iron, structural metal products, and metal processing, supported by warehousing and freight transport capabilities within the industrial park.

Financially, the company shows accelerated growth. Total assets increased significantly to USD 84.99 million, while sales nearly doubled to USD 125.94 million in the latest fiscal year. After recording losses in the previous year, the company returned to profitability, posting a net profit of USD 839,832, marking a strong recovery. Owner’s equity rose to USD 20.11 million, reinforcing its capital base. However, working capital remained slightly negative at USD -928,722, indicating continued pressure on short-term liquidity amid rapid expansion.

Over just a few years, ASIA - STEEL JOINT STOCK COMPANY has demonstrated aggressive scaling in both assets and revenue. Its sharp turnaround to profit and expanding operational footprint suggest a company transitioning from early-stage investment and restructuring toward more stable industrial production within Vietnam’s competitive steel manufacturing landscape.