CONTINENT PACKAGING CORPORATION

CONTINENT PACKAGING CORPORATION (Công Ty Cổ Phần Bao Bì Đại Lục), registered under business ID 0304381815, is a long-established and sizable manufacturer in Vietnam’s plastics and packaging industry. Operating since 2006 with headquarters in Tan Phu District, Ho Chi Minh City, the company now oversees a broad industrial footprint that includes facilities in Long An and Dong Nai provinces. With a workforce of approximately 6,300 employees, it ranks among the larger private enterprises in its sector.

The company reported USD 219.37 million in sales for 2023, up more than 20% from the previous year—a notable expansion in top-line revenue. Its asset base rose modestly to USD 126.94 million, while equity inched up to USD 21.18 million, reflecting stability. However, a closer look at profitability reveals a more concerning trend. Net profit has steadily declined over the past three years, falling to USD 286,226 in 2023—a drop of nearly 9% compared to 2022, despite rising sales. This suggests a squeeze on margins, potentially driven by cost pressures or inefficiencies in scaling production.

Working capital has also diminished sharply, now sitting at just over USD 443,000, down more than 70% year-over-year. This signals tight liquidity conditions and reduced short-term financial flexibility. While the company's asset growth and revenue performance remain respectable, declining profit and weakened liquidity could pose risks if not addressed through operational optimization or financial restructuring.

Leadership is centralized under Mr. Le Van Luc, who serves as both Chairman and General Director. He is also one of the company’s principal shareholders, owning 30% of the firm. The largest individual shareholder is Mr. Lam Viet Trung, with 39.6%, while Plastic_04 Corporation, another major industry player, holds nearly 16%. The rest of the shares are split among a handful of Vietnamese investors.

CONTINENT PACKAGING CORPORATION's operations span a range of related fields, from manufacturing plastic packaging and garments to real estate consulting, printing, and freight logistics. This diversification, while potentially offering multiple revenue streams, may also contribute to diluted management focus if not strategically aligned.

In conclusion, CONTINENT PACKAGING CORPORATION is a high-capacity manufacturer with solid revenue growth and asset strength, yet it faces increasing pressure on profit margins and liquidity. Stakeholders should pay attention to how the company responds to these operational and financial challenges. For detailed business verification, litigation history, or financial risk reports on this or any Vietnamese enterprise, visit VANGUARD BUSINESS INFORMATION LLC (VBI).