BAOSTEEL CAN MAKING (HUE VIET NAM) CO., LTD

BAOSTEEL CAN MAKING (HUE VIET NAM) CO., LTD (Local name: Công Ty TNHH Baosteel Can Making (Huế Việt Nam)) is a foreign-invested enterprise (FDI) specializing in the manufacturing of aluminum cans and metal packaging products. The company was officially established on June 18, 2015, and is legally registered with the Hue City Department of Finance under Business ID 3301567158.

Its head office is strategically located at Lot B-13, Phu Bai Industrial Park, Phu Bai Ward, Hue City, Vietnam — a prime location in central Vietnam that provides convenient access to transportation and logistics networks. The company also operates a branch in Tay Ninh Province, further strengthening its production capacity and distribution coverage. With a charter capital exceeding 70 million U.S. dollars, BAOSTEEL is one of the most significant players in Vietnam’s metal packaging industry.

Leadership and Ownership

The company is led by Liu G., who serves as Chairman and plays a decisive role in strategic operations and business development. BAOSTEEL CAN MAKING (HUE VIET NAM) CO., LTD is wholly owned by Perfect Packaging Industries Limited, headquartered in Hong Kong (China), reflecting its strong foreign investment background and international production standards.

Financial Performance and Growth

BAOSTEEL has maintained a solid growth trajectory since its establishment. By the end of 2023, the company reported total assets of approximately 85.5 million U.S. dollars, marking steady year-on-year expansion. Equity increased to around 67.7 million U.S. dollars, highlighting a strong capital base.

Annual revenue reached nearly 109 million U.S. dollars, reflecting its robust position in the packaging industry despite global market fluctuations. Profit for the year was more than 10 million U.S. dollars, supported by stable operations and efficient production. These figures demonstrate BAOSTEEL’s financial resilience and its ability to maintain growth in a competitive manufacturing environment.

Core Business Activities

BAOSTEEL CAN MAKING (HUE VIET NAM) CO., LTD specializes in the manufacturing of aluminum cans and can caps, serving domestic beverage producers and international clients. Its products are widely used in food and drink packaging, providing lightweight, recyclable, and high-quality solutions for major brands.

The company’s registered business line is the manufacture of other fabricated metal products, but its core strength lies in precision aluminum can manufacturing — an industry that requires advanced technology and strict quality control. BAOSTEEL’s operations are supported by a team of over 100 employees and modern production facilities designed to meet global industry standards.

Strategic Market Position

Located in Phu Bai Industrial Park, BAOSTEEL enjoys key geographic advantages: close proximity to central Vietnam’s major logistics routes, quick access to ports, and a growing network of suppliers and customers. The branch in Tay Ninh provides additional production capacity and facilitates nationwide distribution.

As part of the Perfect Packaging Industries Limited group, the company benefits from strong international backing, advanced technology, and global market access. This gives BAOSTEEL a competitive edge in cost efficiency, production scale, and export capability.

Outlook and Strategic Direction

Vietnam’s packaging industry has experienced rapid growth in line with the expansion of the food and beverage sector, creating favorable market conditions for manufacturers like BAOSTEEL. The company’s stable financial performance, modern infrastructure, and foreign investment support provide a solid platform for further expansion.

In the coming years, BAOSTEEL CAN MAKING (HUE VIET NAM) CO., LTD aims to enhance its production capacity, expand its client base, and continue contributing to the development of sustainable, high-quality packaging solutions. Its focus on aluminum can manufacturing aligns with global trends toward lightweight, recyclable packaging and environmentally responsible production.