CHINA STEEL AND NIPPON STEEL VIETNAM JOINT STOCK COMPANY

CHINA STEEL AND NIPPON STEEL VIETNAM JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN CHINA STEEL & NIPPON STEEL VIỆT NAM) stands as a prominent name in Vietnam’s heavy industry sector, particularly in the field of steel manufacturing and metal processing. Established on May 12, 2009, and located in My Xuan A2 Industrial Park in Ba Ria - Vung Tau Province, the company has built a strong operational foundation and is backed by significant foreign direct investment. It operates under the legal form of a joint stock company with the official tax code and business registration number 3501382588.

The company’s capital structure is noteworthy, with a paid-up capital of USD 479 million as of December 2023. Its shareholders include industry giants like China Steel Corporation (Taiwan) holding 56%, Nippon Steel Corporation(Japan) with 30%, and Formosa Ha Tinh Steel Corporation from Vietnam contributing 5%, alongside other notable steel industry players. This diversified shareholder base provides both financial strength and strategic global expertise, which have been crucial for the company’s growth and technological advancement.

Over the past 15 years, CHINA STEEL AND NIPPON STEEL VIETNAM JOINT STOCK COMPANY has developed into a key steel processing hub in Southeast Asia. Its main business activities revolve around manufacturing, machining, stamping, rolling, and trading various types of high-quality steel. The company also engages in the treatment and coating of metals, forging, and managing industrial properties. Its products cater to a wide range of sectors including construction, automotive, and infrastructure, contributing significantly to Vietnam’s industrial supply chain.

As of the end of 2023, the company had total assets of USD 535.81 million and working capital of USD 82.55 million, demonstrating a robust operational capacity. While the year witnessed a decline in sales by 30.74% to USD 433.77 million, the company still maintains one of the largest equity bases in the sector at USD 407.38 million. The net loss of USD 27.82 million, although a concern, was an improvement over the previous year’s deficit, showing a 20.75% positive turnaround in profitability. These figures reflect the company’s resilience and strategic adaptation amidst global economic fluctuations and steel price volatility.

The executive leadership is headed by Chairman Mr. Lee Chia-Cheng and General Director Mr. Peng Wei-Yeh, both of Taiwanese nationality, with Japanese executive Mr. Murayama Hiroki serving as Deputy General Director. Together, they lead a workforce of approximately 800 employees across its main plant in Ba Ria - Vung Tau and its representative office in Ho Chi Minh City.

For businesses, investors, or stakeholders seeking to verify the legitimacy, creditworthiness, and risk exposure of CHINA STEEL AND NIPPON STEEL VIETNAM JOINT STOCK COMPANY, it is highly recommended to utilize the Business Verification and Risk Management Service by Vanguard Business Information (VBI). This trusted service provides comprehensive due diligence reports, financial assessments, and business background checks, ensuring you can make informed decisions when engaging with one of Vietnam’s largest steel manufacturers.

In the current era of globalized trade and strategic sourcing, accurate business verification is essential. As such, working with CHINA STEEL AND NIPPON STEEL VIETNAM JOINT STOCK COMPANY through reliable channels and verifying its credentials via VBI helps secure commercial partnerships while minimizing exposure to financial and operational risks. The company remains a pillar of Vietnam’s steel industry and is expected to play a central role in shaping the country’s industrial future.