HANOI STEEL CENTER CO., LTD

HANOI STEEL CENTER CO., LTD, legally registered under the Business ID 0101304653 and Tax Identification Number (TIN) 0101304653, is a foreign direct investment (FDI) enterprise operating under a limited liability structure. The company was established on March 13, 2008, and has contributed actively to Vietnam’s industrial manufacturing sector for over 17 years.

The company’s headquarters is at Plot M5B, Thang Long Industrial Park, Vong La Commune, Dong Anh District, Ha Noi City, Vietnam. It also operates a branch in Da Nang, situated at Plot A, Road No. 4, Hoa Khanh Industrial Park, Hoa Khanh Bac Ward, Lien Chieu District, Da Nang City, Vietnam.

With a paid-up capital of over USD 11 million, HANOI STEEL CENTER is recognized as a specialized processor and supplier in the steel industry. The company is backed by powerful international shareholders, including Sumitomo Corporation (Japan) holding 72.9%, CSGT International Corporation (Samoa) holding 19%, and Sumitomo Corporation Vietnam LLC (Vietnam) with 8.1% ownership.

Key Personnel and Foreign Leadership

 Mr. Sumida S., a Japanese national who serves as General Director, oversees HANOI STEEL CENTER. His leadership has helped align the company’s strategy with global precision machining and metal treatment standards. The workforce includes around 110 employees, reflecting a moderately scaled but specialized operation.

Core Business Activities

HANOI STEEL CENTER operates in multiple areas within the steel and metalworking sector:

• Machining, treatment and coating of metals

• Manufacture of cutlery, hand tools, and general hardware

• Fabrication of iron, steel, cast iron, and non-ferrous metals

• Wholesale and non-store retail trade

• Business support services

Its core operational strength lies in precision steel processing, catering to industries requiring high-performance and custom-finished metal components.

Financial Overview: Growth Amid Volatility

Despite operating in a volatile global metals market, HANOI STEEL CENTER has demonstrated consistent sales growth while navigating profit fluctuations:

Although sales surged by nearly 24% in FY2023, net profit declined by 24.44%, indicating pressure on margins, possibly due to rising input costs or intensified competition. Asset growth also stagnated after a significant jump in FY2022, signaling a phase of consolidation or capital rebalancing.

Shareholding Structure: Japanese Investment Dominance

The majority control by Sumitomo Corporation underscores the company’s strategic integration into Japanese industrial supply chains. The additional involvement of Sumitomo Vietnam LLC enables closer alignment with domestic regulatory practices and client relationships in Vietnam.

Conclusion: Strategic Manufacturing Backbone with Global Roots

HANOI STEEL CENTER CO., LTD is a specialized manufacturer in Vietnam's industrial landscape. Its combination of foreign investment, advanced processing capabilities, and resilient sales performance positions it as a strategic supplier for domestic and international markets. However, recent declines in equity and profit margins suggest that operational efficiency and cost management will be crucial in the coming years.

As one of Vietnam's key FDI-backed manufacturers in the steel processing segment, HANOI STEEL CENTER continues to contribute to the country’s industrial transformation and export competitiveness.