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CHENG LOONG BINH DUONG PAPER COMPANY LIMITED

Active

Business ID 3702420498

84-274 / 6509 888

CHENG LOONG BINH DUONG PAPER COMPANY LIMITED

Active

Business ID 3702420498

84-274 / 6509 888

CHENG LOONG BINH DUONG PAPER COMPANY LIMITED

Active

Summary

Name:

CHENG LOONG BINH DUONG PAPER COMPANY LIMITED

Business ID (TIN):

3702420498

Date of Registration:

04 Dec 2015

Registered Office:

Ho Chi Minh City Department of Finance

Address:

Zone 4, Protrade International Industrial Park, Ho Chi Minh City, Vietnam

Phone:

84-274 / 6509 888

Financial Statement:

2020, 2021, 2022, 2023, 2024

CHENG LOONG BINH DUONG PAPER COMPANY LIMITED (CÔNG TY TNHH CHENG LOONG BÌNH DƯƠNG PAPER) is a foreign direct investment (FDI) enterprise with Taiwanese ownership, operating one of Vietnam’s largest paper manufacturing facilities. Registered under Business ID and Tax Code 3702420498, the company was established on December 4, 2015, and is headquartered in Zone 4, Protrade International Industrial Park, An Tay Ward, Ben Cat City, Binh Duong Province, Vietnam. It is a wholly owned subsidiary of CHENG LOONG VIETNAM PAPER INVESTMENT CO., LTD, registered in Samoa.

Under the leadership of Chairman cum General Director Mr. Wu Jung-Pin, a Taiwanese national, the company employs approximately 550 staff and focuses primarily on the manufacture of corrugated paper, paperboard, and packaging containers, with additional activities in real estate operations, steam and hot water supply, and machinery repair.

Financially, the company presents a mixed picture. In 2023, total assets rose modestly to USD 509.42 million, and revenue surged 79.12% year-over-year to USD 223.67 million, indicating a significant recovery in sales performance. However, this growth did not translate into profitability. The company recorded a net loss of USD 36.04 million, marking the third consecutive year of negative earnings. Moreover, equity declined by nearly 6% to USD 177.3 million, and the firm continued to operate with a deeply negative working capital of USD -58.93 million, which could pose serious liquidity concerns.

Despite its robust infrastructure and revenue base, CHENG LOONG BINH DUONG PAPER faces significant operational inefficiencies or cost challenges that have hindered profitability. A continued pattern of losses despite revenue growth suggests unresolved structural or strategic issues, possibly related to raw material costs, overcapacity, or energy usage.

Given its large footprint in Vietnam’s industrial heartland and its role as a major exporter and employer, the company remains a critical player in the packaging supply chain. However, its deteriorating bottom line raises red flags for potential creditors, investors, and partners.

For those seeking to evaluate the risks and opportunities of doing business with CHENG LOONG BINH DUONG PAPER COMPANY LIMITED, or any manufacturing enterprise in Vietnam, VANGUARD BUSINESS INFORMATION LLC (VBI) provides in-depth business verification, litigation checks, credit risk evaluation, and financial intelligence reports. VBI’s services allow clients to assess not just reported figures, but the real financial health and legal standing of target companies. Access a full profile or order a custom report at www.vnbis.com.

Legal Profile

English Name:

CHENG LOONG BINH DUONG PAPER COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH CHENG LOONG BÌNH DƯƠNG PAPER

Short Name:

CHENG LOONG BINH DUONG PAPER CO.,LTD

Business ID (TIN):

3702420498

Date of Registration:

04 Dec 2015

Registered Office:

Ho Chi Minh City Department of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

WU, J.-.P

Address:

Zone 4, Protrade International Industrial Park, Ho Chi Minh City, Vietnam

Phone:

84-274 / 6509 888

Business Sector

Key business lines:

VSIC:

1702 Manufacture of corrugated paper and paperboard and of containers of paper and paperboard

NACE:

17.21 Manufacture of corrugated paper and paperboard and of containers of paper and paperboard

Industry Sales Growth

CAGR (2019 - 2023)

3.05%

YoY (2023)

-4.92%

Companies by industry

Company distribution and propportions

3,209

0.1104%

Key Industry Players

Top 10 companies in manufacture of corrugated paper and paperboard and of containers of paper and paperboard industry

box-pak (vietnam) co., ltd. vina kraft ojitex (vietnam) company limited ojitex haiphong co., ltd bien hoa packaging joint stock company cheng loong binh duong container co., ltd liwen company limited cheng loong binh duong paper company limited thuan an paper service trading joint stock company tetra pak binh duong joint stock company

Payment History

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Financial Performance

Assets	29.79%
Owner’s Equity	-56.38%
Working Capital	-86.79%
Net Worth	2.01%
Sales	18.57%
Operating income	-75.27%
EBIT	71.19%
Gross Profit Margin	38.38%
Debt to EBITDA	24.53%

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Opinion from Analysts

Specific Questions About CHENG LOONG BINH DUONG PAPER COMPANY LIMITED

When did CHENG LOONG BINH DUONG PAPER COMPANY LIMITED start operating?

CHENG LOONG BINH DUONG PAPER COMPANY LIMITED was started in 04 Dec 2015

What industry does CHENG LOONG BINH DUONG PAPER COMPANY LIMITED operate in?

CHENG LOONG BINH DUONG PAPER COMPANY LIMITED is operating in "Manufacture of corrugated paper and paperboard and of containers of paper and paperboard" industry

How can I contact CHENG LOONG BINH DUONG PAPER COMPANY LIMITED?

CHENG LOONG BINH DUONG PAPER COMPANY LIMITED phone numbers is 84-274 / 6509 888

What adverse news is there about CHENG LOONG BINH DUONG PAPER COMPANY LIMITED?

CHENG LOONG BINH DUONG PAPER COMPANY LIMITED’s has 1 bad news

What is stock symbol of CHENG LOONG BINH DUONG PAPER COMPANY LIMITED?

CHENG LOONG BINH DUONG PAPER COMPANY LIMITED is not listed company

Where is the location of CHENG LOONG BINH DUONG PAPER COMPANY LIMITED?

CHENG LOONG BINH DUONG PAPER COMPANY LIMITED is located at Zone 4, Protrade International Industrial Park, Ho Chi Minh City, Vietnam

What is CHENG LOONG BINH DUONG PAPER COMPANY LIMITED’s business registration?

CHENG LOONG BINH DUONG PAPER COMPANY LIMITED business registration is 3702420498

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