CASLA JOINT STOCK COMPANY

CASLA JOINT STOCK COMPANY, known in Vietnamese as CÔNG TY CP CASLA, is a privately held joint stock company established in July 2018 and headquartered in Chau Son Industrial Park, Ninh Binh Province. The company specializes in manufacturing plastic products, with a strong focus on PP shopping bags for export, positioning CASLA within Vietnam’s expanding packaging and consumer-goods supply chain.

From a legal perspective, CASLA operates under Business Registration Number and Tax Code 0700807021, issued by the Ninh Binh Province Department of Finance. The company has a registered charter capital of USD 21.45 million, with paid-up capital reaching USD 18.08 million as of the end of 2024. Its workforce of approximately 3,000 employees reflects a large-scale manufacturing footprint relative to its short operating history.

Management is led by Mr. Tran V. V., serving as Chairman cum Director, supported by Mr. Chu V. T., Deputy Director. Ownership is highly concentrated, with the Chairman holding the overwhelming majority stake, indicating centralized control and strategic decision-making.

Financially, CASLA stands out for its strong rebound in 2024. Total assets rose sharply to USD 74.66 million, while net sales recovered to USD 113.95 million, up nearly 27% year over year. Most notably, net profit surged to USD 3.46 million, more than doubling the previous year's figure, signaling improved operational efficiency and stronger export demand. However, working capital remained negative at USD –4.61 million, a point that warrants close monitoring as rapid expansion can place pressure on short-term liquidity.

Overall, CASLA represents a high-growth manufacturing company with improving profitability but rising balance-sheet complexity—an essential profile for partners, lenders, and buyers assessing supply-chain resilience in Vietnam’s plastic packaging sector.