HIEP HUONG TRADE JOINT STOCK COMPANY

HIEP HUONG TRADE JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN THƯƠNG MẠI HIỆP HƯƠNG) stands as a dynamic and growing enterprise in Vietnam’s construction materials and steel trading sector. Founded on March 10, 2006, and registered with the Hanoi City Department of Planning and Investment under Business ID and TIN 0100953567, the company has spent nearly two decades evolving from a local trader into a significant player in the wholesale distribution of construction steel, steel billets, and shaped steel. Its headquarters and main transaction office are located at No. 11, Tran Vy Street, Mai Dich Ward, Cau Giay District, Hanoi.

The company is led by General Director Mr. Truong Cong Hiep, supported by Managing Director Mr. Ta Dang Ninhand Business Director Ms. Ta Mai Huong, who is also the largest shareholder with a 40% stake. Together, this leadership team drives the company’s strategic decisions, expanding its core business while exploring opportunities in real estate, quarrying, travel services, and wholesale distribution across various product categories.

Financially, Hiep Huong Trade JSC recorded a notable performance in 2024, with sales reaching USD 271.52 million, marking a significant 47.84% increase year-over-year. However, profitability remained constrained, with net profit declining to USD 62,290, a 26.18% drop compared to 2023. This suggests that while the company has successfully expanded its revenue base, rising costs or pricing pressures may be compressing margins. Total assets grew to USD 31.38 million, up 8.97%, while owner’s equity declined by 9.81% to USD 5.3 million, potentially indicating limited retained earnings relative to revenue growth.

With approximately 50 employees, Hiep Huong operates lean, relying on a focused workforce to manage operations across its multiple registered locations, including a representative office in Thai Nguyen Province. The company’s business registration is notably broad, encompassing not only metal and construction material trading but also real estate operations, short-term accommodation, vehicle sales, quarrying, manufacturing of office equipment, and forestry activities. This extensive licensing reflects a willingness to diversify but may also require sharper focus to manage operational complexity and capital allocation.

In an era where Vietnam’s construction and infrastructure sectors are expanding rapidly, companies like Hiep Huong hold strategic importance. Yet, the company’s modest profit margin and dip in equity raise questions about its efficiency, pricing strategy, or capital reinvestment pace. For investors, partners, and clients, understanding these dynamics is essential to gauging long-term sustainability and partnership value.

To support such analysis, VANGUARD BUSINESS INFORMATION LLC (VBI) offers full Company Reports, including financial profiles, ownership structure, risk insights, and due diligence evaluations, tailored to stakeholders interested in minimizing commercial risk.