BINH THUAN PLASTIC GROUP JOINT STOCK COMPANY

Founded in 2008, Binh Thuan Plastic Group Joint Stock Company is one of Vietnam’s established manufacturers of plastic products, serving both domestic and export markets. Headquartered in Ha Noi, the company operates manufacturing and warehousing facilities in both the northern and southern regions of Vietnam, ensuring nationwide coverage. With more than 700 employees, Binh Thuan Plastic Group has built a diversified business model encompassing plastic manufacturing, warehousing, transportation, and equipment trading.

Over sixteen years of operation, the company has positioned itself as a reliable supplier of high quality plastic products for industrial and consumer use. Its product portfolio includes household plastics, packaging materials, and specialized plastic components. Supported by continuous investment in technology and infrastructure, the company has expanded its production capacity to meet Vietnam’s growing demand for modern and sustainable plastic solutions.

Leadership and Shareholders

The company is chaired and managed by Le V. Q., who serves as both Chairman and General Director. He oversees corporate strategy, production management, and long-term investment planning. Under his leadership, Binh Thuan Plastic Group has expanded its operational footprint, strengthened its financial base, and improved its competitiveness within the domestic manufacturing sector.

The company’s shareholder structure is composed of both domestic and international investors. As of late 2024, Le V. Q. and Nguyen T. T. held approximately 64.92 percent and 3.30 percent of total charter capital, respectively. Foreign shareholders include Probus Opportunities (Luxembourg) with 2.08 percent, VN Alpha Limited (Cayman Islands) with 1.65 percent, and Nanjia Capital Master Fund Limited (Bermuda) with 0.42 percent.

Financial Growth and Market Risks

In 2023, Binh Thuan Plastic Group achieved total sales of approximately USD 81.37 million, supported by a surge in domestic demand for industrial and consumer plastic products. The company’s assets and equity both increased sharply during the year, underscoring strong reinvestment in production facilities and working capital.

While the company’s growth trajectory remains positive, it operates in a market characterized by volatility in raw material prices, particularly resin and oil-based inputs. Additional risks include environmental compliance costs and intensifying competition from imported plastics. Nevertheless, the company’s solid equity base, diversified product range, and strategic capital expansion support long term financial stability. Detailed financial performance indicators, including liquidity ratios and profitability analysis, are available in the full report prepared by Vanguard Business Information LLC (VNBIS).

Business Intelligence and Risk Outlook

Binh Thuan Plastic Group Joint Stock Company stands as one of Vietnam’s leading privately held manufacturers in the plastic industry. Its operational presence in both Ha Noi and Ho Chi Minh City ensures flexibility in supply and responsiveness to customer needs. The company continues to focus on efficiency, innovation, and sustainable growth by modernizing equipment and optimizing production processes.

Looking ahead, Binh Thuan Plastic Group’s expansion in capital and production scale positions it to capture new opportunities in both domestic and regional markets. As Vietnam tightens regulations around plastic waste and encourages recyclable materials, the company’s experience and financial capacity provide a strong foundation for adapting to future industry shifts.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides a comprehensive range of professional business intelligence solutions to support investors and partners in evaluating Binh Thuan Plastic Group Joint Stock Company’s financial and operational standing.

VNBIS services include:

• Company Credit Reports evaluating solvency, liquidity, and financial health.
• Risk Management Solutions analyzing market exposure, debt structure, and profitability trends.
• Business Verification and Due Diligence Reports confirming ownership, compliance, and governance records.

Through these services, VNBIS enables clients to make secure, transparent, and data driven business decisions.