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BINH MINH PLASTICS JOINT STOCK COMPANY

Active

Business ID 0301464823

84-28 / 3969 0973

BINH MINH PLASTICS JOINT STOCK COMPANY

Active

Business ID 0301464823

84-28 / 3969 0973

BINH MINH PLASTICS JOINT STOCK COMPANY

Active

Summary

Name:

BINH MINH PLASTICS JOINT STOCK COMPANY

Business ID (TIN):

0301464823

Date of Registration:

02 Jan 2004

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ticker:

BMP

Address:

No. 240, Hau Giang Street, Ward 9, District 6, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3969 0973

Fax:

(84-28) 3960 6814

Financial Statement:

2020, 2021, 2022, 2023, 2024

BINH MINH PLASTICS JOINT STOCK COMPANY: Profit-Rich but Revenue-Shrinking Market Leader in Vietnam’s Plastic Industry

BINH MINH PLASTICS JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN NHỰA BÌNH MINH), also known by its stock code BMP on the HOSE exchange, stands as one of the leading and most recognizable players in Vietnam’s plastic manufacturing industry. Registered since January 2, 2004, and based at No. 240 Hau Giang Street, District 6, Ho Chi Minh City, this firm has now operated for over two decades and maintains branches in Binh Duong and Long An provinces. It currently employs more than 1,300 people and operates under foreign direct investment (FDI) ownership, with The Nawaplastic Industries Co., Ltd. of Thailand holding a 54.99% stake.

The company specializes in manufacturing and trading civil and industrial plastic products, such as pipes and fittings, primarily used in infrastructure and urban development. Over the years, BINH MINH PLASTICS JOINT STOCK COMPANY has maintained a reputation for product quality and manufacturing efficiency, contributing significantly to Vietnam’s plastic supply chain in both residential and industrial markets.

From a financial risk management perspective, one figure that immediately commands attention is the profit after tax in 2024, which stood at USD 40.7 million. Despite a revenue decline of over 10% year-on-year and a contraction in total assets, BINH MINH PLASTICS still managed to preserve exceptionally high profitability. To put this in context, the company’s net profit margin in 2024 exceeded 21%, a figure that is rare in Vietnam’s competitive manufacturing sector and indicates exceptional internal cost controls and operational efficiency.

However, that strength is counterbalanced by notable concerns. Revenue has been declining steadily for two consecutive years, from USD 238.6 million in 2022 to just USD 189.6 million in 2024—a drop of nearly 21% overall. While profits have remained robust, such a fall in top-line performance suggests possible softening demand, pricing pressures, or increasing market saturation. If this trend continues unchecked, even a highly efficient cost structure may not be able to absorb the longer-term revenue erosion.

The company’s equity position remains strong, reaching nearly USD 111 million in 2024, up slightly from the previous year. Total assets dipped by 1.67%, reflecting caution in expanding capital investments, likely due to market headwinds. Working capital, however, remained solid at around USD 86.9 million, indicating sufficient liquidity to cover operational obligations and withstand short-term financial shocks.

Leadership remains stable, with Mr. Sakchai Patiparnpreechavud serving as Chairman and Mr. Chaowalit Treejak as General Director, both bringing Thai expertise and regional management experience. This aligns with its majority shareholder, Nawaplastic of Thailand, a subsidiary of the regional conglomerate SCG, which helps provide a robust backbone of technical know-how and strategic oversight.

Overall, BINH MINH PLASTICS JOINT STOCK COMPANY remains a low-risk and cash-rich enterprise in the Vietnamese plastic industry. Its impressive profitability and liquidity offer reassurance to shareholders, suppliers, and potential partners. Yet, the multi-year decline in sales should be interpreted as a cautionary signal that the market environment may be shifting, and further strategic adjustments could be necessary to sustain long-term growth.

For stakeholders seeking deeper insight into the company’s market position, creditworthiness, and operational dependencies, VANGUARD BUSINESS INFORMATION LLC (VBI) provides advanced financial verification, litigation screening, and strategic risk evaluations tailored to companies like BINH MINH PLASTICS JOINT STOCK COMPANY.

Legal Profile

English Name:

BINH MINH PLASTICS JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN NHỰA BÌNH MINH

Short Name:

BM PLASCO.

Business ID (TIN):

0301464823

Date of Registration:

02 Jan 2004

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ticker:

BMP

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ SAKCHAI P

+ NIWAT A

+ NGUYEN T.Q

+ ASADA B

+ CHAOWALIT T

+ PHUNG H.L

Address:

No. 240, Hau Giang Street, Ward 9, District 6, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3969 0973

Fax:

(84-28) 3960 6814

Branch:

No. 7, Road 2, Song Than 1 Industrial Park, Di An Ward, Di An City, Binh Duong Province, Vietnam

Branch:

From Lot C1-6 to Lot C1-30, Vinh Loc 2 Industrial Park, Vinh Loc 2 Street, Voi La Hamlet, Long Hiep Commune, Ben Luc District, Long An Province, Vietnam

Business Sector

Key business lines:

VSIC:

2220 Manufacture of plastics products

NACE:

22.22 Manufacture of plastics products

NAICS:

3261 Plastics Product Manufacturing

Industry Sales Growth

CAGR (2019 - 2023)

4.40%

YoY (2023)

-5.15%

Companies by industry

Company distribution and propportions

13,105

0.4508%

Key Industry Players

Top 10 companies in manufacture of plastics products industry

plastic chemicals group joint stock company binh minh plastics joint stock company tien phong plastic joint stock company an phat bioplastics joint stock company duy tan plastics manufacturing corporation phan minh investment production trading services company limited an tien industries joint stock company continent packaging corporation stavian chemical joint stock company segyung vina company limited

Payment History

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Financial Performance

Assets	-14.17%
Owner’s Equity	-50.11%
Working Capital	32.03%
Net Worth	93.86%
Sales	-39.25%
Operating income	6.71%
EBIT	32.40%
Gross Profit Margin	5.60%
Debt to EBITDA	-8.57%

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Company Reports

Company Profile Report

Legal Profile

Contact and Location

Legal Representative

Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

Report Summary

Legal Profile

Historical Information

Business Locations

Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About BINH MINH PLASTICS JOINT STOCK COMPANY

When did BINH MINH PLASTICS JSC start operating?

BINH MINH PLASTICS JSC was started in 02 Jan 2004

What industry does BINH MINH PLASTICS JSC operate in?

BINH MINH PLASTICS JSC is operating in "Manufacture of plastics products" industry

How can I contact BINH MINH PLASTICS JSC?

BINH MINH PLASTICS JSC phone numbers is 84-28 / 3969 0973

What adverse news is there about BINH MINH PLASTICS JSC?

BINH MINH PLASTICS JSC’s has 8 bad news

What is stock symbol of BINH MINH PLASTICS JSC?

BINH MINH PLASTICS JSC’s stock symbol is BMP

Where is the location of BINH MINH PLASTICS JSC?

BINH MINH PLASTICS JSC is located at No. 240, Hau Giang Street, Ward 9, District 6, Ho Chi Minh City, Vietnam

What is BINH MINH PLASTICS JSC’s business registration?

BINH MINH PLASTICS JSC business registration is 0301464823

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BINH MINH PLASTICS JOINT STOCK COMPANY

BINH MINH PLASTICS JOINT STOCK COMPANY

BINH MINH PLASTICS JOINT STOCK COMPANY

BINH MINH PLASTICS JOINT STOCK COMPANY: Profit-Rich but Revenue-Shrinking Market Leader in Vietnam’s Plastic Industry

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BINH MINH PLASTICS JOINT STOCK COMPANY

BINH MINH PLASTICS JOINT STOCK COMPANY

BINH MINH PLASTICS JOINT STOCK COMPANY

BINH MINH PLASTICS JOINT STOCK COMPANY: Profit-Rich but Revenue-Shrinking Market Leader in Vietnam’s Plastic Industry

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