CHENG LOONG BINH DUONG CONTAINER CO., LTD

CHENG LOONG BINH DUONG CONTAINER CO., LTD (CÔNG TY TNHH BÌNH DƯƠNG CHINH LONG) is a foreign-invested manufacturer specializing in corrugated paper, paperboard, and paper packaging products. Operating in Binh Duong’s industrial corridor for more than 17 years, the company is part of the broader Cheng Loong group ecosystem. It serves export-oriented manufacturers and domestic supply chains that rely heavily on cartons and packaging solutions. 

Legal Status And Corporate Registration

The company operates as a one-member limited liability company with Business ID/TIN: 3701200901 and maintains an active legal status. It was registered on 19 November 2008 with the Ho Chi Minh City Department of Finance.
The head office is located at Lot CN8, Road N6, Song Than 3 Industrial Park, Binh Duong Ward, Ho Chi Minh City, Vietnam.
Charter capital stands at approximately USD 17.39 million, while paid-up capital slightly exceeds this level. The company employs around 500 staff and is 100% foreign-owned by Cheng Loong Vietnam Investment Co., Ltd, reflecting a fully controlled FDI structure.

Key Management And Leadership Structure

Executive management is led by Chien, W.-L., General Director, a Taiwanese national, indicating direct oversight from the parent group. Le T. T., Chief Accountant, handles financial management. The leadership structure follows a centralized multinational model, emphasizing production discipline, quality control, and group-level coordination.

Financial Scale And Operating Performance

CHENG LOONG BINH DUONG operates at a sizable scale within Vietnam’s packaging sector, with annual sales approaching USD 80 million and total assets exceeding USD 43 million. Revenue rebounded strongly, driven by higher demand for packaging linked to manufacturing and exports.
However, profitability deteriorated sharply, with the company recording a net loss, despite relatively stable equity of over USD 31 million. Working capital remains strongly positive, providing liquidity to sustain operations and absorb short-term volatility, even as earnings weakened.

Core Manufacturing And Business Activities

The company’s core activity is the manufacture and processing of corrugated paper, paperboard, and carton boxes. Its registered business scope is broad, covering printing, plastics products, metal treatment, and other supporting manufacturing activities, enabling vertical integration and operational flexibility within packaging production.

Critical Risk And Forward Outlook Assessment

The key risk for CHENG LOONG BINH DUONG lies in earnings volatility within a capital-intensive packaging business, where margins are sensitive to paper input costs, energy prices, and demand cycles from export manufacturers. While liquidity and equity remain strong, sustained losses could pressure returns if cost conditions do not normalize.

Looking ahead, the outlook is cautiously stable. Strong sales momentum, an industrial park location, and backing from a large foreign parent provide resilience, but restoring profitability will be critical as competition and cost pressures in Vietnam’s packaging industry intensify.