CFG - CHU LAI FLOAT GLASS JOINT STOCK COMPANY

CFG - CHU LAI FLOAT GLASS JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN KÍNH NỔI CHU LAI – CFG) is one of Vietnam’s largest and most advanced glass manufacturers, operating under Business ID 4000438263. Established on April 5, 2006, the company is headquartered in Bac Chu Lai Industrial Park, Tam Hiep Commune, Nui Thanh District, Quang Nam Province, Vietnam, with a strong presence in both domestic and international construction glass markets

Corporate Profile and Management

CFG - CHU LAI FLOAT GLASS is a privately held joint stock company with a charter and paid-up capital of USD 143.09 million. The company employs approximately 2,000 workers across its production and distribution network. It is managed by a highly experienced team led by Mr. Do T. T. (Chairman), Mr. Pham V. Q. (General Director), and Mr. Nguyen T. V. (Chief Accountant) — all Vietnamese nationals who have guided the company through nearly two decades of expansion and modernization.

With Mr. Do T. T. holding 99.8 percent of the total shares, CFG operates under a highly centralized ownership structure that enables strategic decision-making agility.

Business Operations and Core Activities

The company specializes in manufacturing and trading white construction glass, which is widely used in architecture, real estate, and industrial projects across Vietnam and neighboring markets. Its registered business scope also includes cement and lime production, non-hazardous waste treatment, materials recovery, and construction-related services, reflecting a vertically integrated approach to industrial manufacturing.

Beyond production, CFG participates in domestic logistics, cargo handling, real estate leasing, and hospitality services, utilizing its diversified asset base to generate multiple revenue streams. This diversification strengthens its resilience against cyclical downturns in the construction sector.

Financial Overview

As of December 31, 2023, CFG reported total assets of USD 178.32 million, a 0.59 percent increase year-on-year, and owner’s equity of USD 156.14 million, up 0.97 percent. Sales rose significantly to USD 100.42 million, marking a 17.9 percent increase from 2022, while net profit reached USD 1.52 million, up 48.59 percent. However, working capital decreased by 12.31 percent to USD 19.76 million, signaling tighter liquidity despite strong sales growth.

These figures highlight a company that continues to expand steadily while prudently managing capital. The rebound in profitability after a challenging 2022 underscores effective cost management and improved product demand within the domestic construction materials market.

Risk and Credit Evaluation

From a financial risk management perspective, CFG - CHU LAI FLOAT GLASS exhibits strong capital stability and solid asset backing, with nearly 88 percent of its balance sheet represented by equity. The firm’s consistent revenue growth and recovery in profit margins position it as a low-to-moderate credit risk enterprise. However, liquidity pressure and a highly concentrated ownership structure require continued oversight to ensure balanced cash flow and governance transparency.

According to Vanguard Business Information LLC (VNBIS), CFG represents a financially strong industrial manufacturer that remains a reliable counterpart for suppliers and business partners in Vietnam’s glass and construction industries. Its combination of large-scale production, stable profitability, and diversified operations makes it an attractive and creditworthy partner for those seeking to Minimize Financial Risks and Maximize Business Opportunities in Vietnam’s fast-growing building materials sector.