HANOI SOUTH ELECTRICITY MATERIALS TRADING JOINT STOCK COMPANY

HANOI SOUTH ELECTRICITY MATERIALS TRADING JOINT STOCK COMPANY (Vietnamese name: CÔNG TY CỔ PHẦN THƯƠNG MẠI VẬT LIỆU ĐIỆN NAM HÀ NỘI) is a long-established trading enterprise operating in Vietnam’s electrical and industrial materials sector. With more than fifteen years of continuous operation, the company has built a stable presence in the wholesale distribution of electric cables, wires, and a broad range of electrical equipment serving construction, infrastructure, and industrial projects.

Legally, the company was incorporated on 27 April 2010 and is registered with the Hanoi Department of Planning and Investment under Business ID and Tax Identification Number 0104587840. It operates as a privately held joint-stock company with fully paid-up charter capital of approximately USD 1.6 million. Despite its moderate capital base, the company maintains a solid operational scale supported by around 70 employees and an established logistics and warehouse network across Hanoi and Ho Chi Minh City.

HANOI SOUTH’s core business is wholesale trading in electrical materials, particularly electric cables and wires, as well as motors, generators, transformers, and related equipment. Over time, the company has expanded its registered business scope to include manufacturing-related activities, warehousing, and retail distribution of electrical appliances and construction materials. In practice, however, trading and distribution remain the backbone of its operations, allowing the company to respond flexibly to market demand without carrying excessive manufacturing risk.

From a governance perspective, the company is managed by a closely held leadership structure. Le N. T. serves as Chairman cum Vice General Director, while Vu T. B. N. holds the position of General Director. Ownership is concentrated among three Vietnamese individual shareholders, with the two senior executives together holding a controlling majority. This structure enables swift decision-making and continuity in management, though it also concentrates strategic and financial responsibility within a small group.

Financially, HANOI SOUTH operates at a relatively high revenue-to-equity ratio, reflecting the typical profile of a trading-oriented enterprise. Total assets have declined in recent periods, suggesting balance-sheet contraction and tighter asset management. Sales volumes, while still substantial, have softened, indicating more challenging market conditions or intensified competition in the electrical materials sector. The company remains profitable, although net earnings have declined, pointing to margin pressure rather than a breakdown in core operations. Notably, working capital remains positive, supporting short-term liquidity and ongoing trading activity.

The company maintains multiple operating locations, including a registered address and transaction office in Hanoi, a warehouse facility in Long Bien District, and a representative office in Ho Chi Minh City. This geographic footprint supports nationwide distribution and enhances its ability to serve contractors and industrial clients in both northern and southern Vietnam.

Overall, HANOI SOUTH ELECTRICITY MATERIALS TRADING JOINT STOCK COMPANY represents a mature and operationally stable participant in Vietnam’s electrical materials distribution market. While recent financial trends indicate contraction in scale and profitability, the company’s long operating history, established customer relationships, and favorable working-capital position suggest continued viability. For banks, suppliers, and business partners, attention should focus on margin sustainability, inventory management, and the company’s ability to adapt to cyclical demand in construction and infrastructure.

In this context, Vanguard Business Information LLC (VNBIS), as a leading provider of business intelligence, financial analysis, and risk assessment services, offers comprehensive company reports and counterparty evaluations to support informed decision-making when engaging with Vietnamese trading and distribution enterprises such as HANOI SOUTH.