GOLDSUN PACKAGING AND PRINTING JOINT STOCK COMPANY

GOLDSUN PACKAGING AND PRINTING JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN IN VÀ BAO BÌ GOLDSUN) is a large-scale private manufacturer operating in Vietnam’s paper packaging and printing industry. Established on 01 December 2008, GOLDSUN PACKAGING AND PRINTING JOINT STOCK COMPANY has built more than 17 years of operational history and is widely recognized as one of the major domestic producers of corrugated paper packaging and printed packaging products.

Legal Status and Corporate Profile

GOLDSUN PACKAGING AND PRINTING JOINT STOCK COMPANY is registered under Business ID and Tax Identification Number 0103047352 with the Ha Noi City Department of Planning and Investment. The company’s head office is located at Phu Minh Industrial Park, Co Nhue 2 Ward, North Tu Liem District, Ha Noi City, Vietnam. It operates as an active joint stock company with private ownership.

The company has a fully paid-up charter capital of approximately USD 10.13 million and employs approximately 1,600 staff, reflecting a labor-intensive, industrial-scale production model. In addition to its Ha Noi headquarters, Goldsun operates extensive manufacturing facilities in Bac Ninh Province, strengthening its production capacity and regional logistics reach.

Core Operations and Business Scope

The principal activity of GOLDSUN PACKAGING AND PRINTING JOINT STOCK COMPANY is the manufacture of corrugated paper, paperboard, and paper-based containers, alongside the provision of professional printing services. Its products serve a wide range of industries, including consumer goods, food and beverage, electronics, and industrial manufacturing.

Beyond its core packaging operations, the company is registered for various supporting activities, including printing services, leasing machinery, wholesale of equipment and materials, and related commercial services. This integrated operational scope allows Goldsun to control multiple stages of the packaging value chain, from design and printing to large-volume manufacturing.

Management and Ownership

The company is led by its Chairman cum General Director, Mr. PHAM C. V., who also holds the most significant individual shareholding. Ownership is distributed among founding shareholders, senior individuals, and an institutional investor, reflecting a combination of managerial control and external capital participation. This structure supports both operational continuity and access to financial resources for expansion.

Financial Performance and Trends

Financially, GOLDSUN PACKAGING AND PRINTING JOINT STOCK COMPANY shows strong recovery and growth momentum. Total assets increased, reflecting continued investment in production capacity and working assets. Sales revenue grew solidly, indicating robust demand for packaging products amid expansion in Vietnam’s manufacturing and export sectors.

Profitability improved sharply, with net profit rebounding significantly after a weaker prior period. Equity also increased, supported by retained earnings, reinforcing the company’s capital base. Despite these positive trends, working capital remained negative, highlighting ongoing pressure from inventory cycles, receivables management, and high operating scale typical of large packaging manufacturers.

Overall, the financial profile reflects a high-volume industrial producer with improving margins but continued reliance on efficient cash flow and working capital management.

Business Outlook and Risk Considerations

Operating in the paper packaging industry exposes GOLDSUN PACKAGING AND PRINTING JOINT STOCK COMPANY to raw material price volatility, energy costs, and competitive pricing pressures. However, its scale, diversified customer base, and integrated manufacturing capabilities provide structural resilience and competitive advantage.

For banks, insurers, suppliers, and corporate customers, close attention should be paid to working capital dynamics, input cost management, and sustained profitability. A comprehensive, up-to-date company report remains essential for assessing credit exposure, operational stability, and long-term growth prospects.