HOAPHAT - BINHDINH ONE - MEMBER LIMITED LIABILITY COMPANY

HOAPHAT - BINHDINH ONE-MEMBER LIMITED LIABILITY COMPANY, known locally as CÔNG TY TNHH MỘT THÀNH VIÊN HÒA PHÁT - BÌNH ĐỊNH, is a key regional subsidiary of the Hoa Phat steel ecosystem. Established on December 21, 2009, the company is legally registered as a one-member limited liability company under Business ID 4101014951 and operates as a 100% privately held entity. It is fully owned by HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY, a major player in Vietnam’s construction steel manufacturing and distribution. The company’s legal registration is maintained at the Binh Dinh Province Department of Planning and Investment, and it holds the same number for its Tax Identification Number (TIN).

Strategically located in Lot A4-01, Nhon Hoi Industrial Park (Area A), within the Nhon Hoi Economic Zone in Quy Nhon City, the company benefits from proximity to key logistics and industrial infrastructure. This geographic advantage enables efficient distribution of its core product lines, particularly construction steel, across central Vietnam and the surrounding regions.

At the operational level, the company is headed by Mr. Cao Son, a Vietnamese national, who serves as the Director. Under his leadership, the company has maintained a steady presence in the highly competitive steel trading and specialized wholesale market. With a workforce of 30 employees, the company manages a streamlined and efficient organizational structure that supports its commercial and manufacturing activities.

Financially, the company showed modest growth and recovery through 2023. Total assets stood at USD 3.94 million at the end of 2023, down from USD 4.75 million in 2022. However, this decline began to reverse in 2024. Owner’s equity slightly improved from USD 1.73 million in 2022 to USD 1.77 million in 2023, representing a 2.25% increase. Revenue in 2023 reached USD 126.75 million, a 2.71% dip compared to the previous year. Despite this decline in sales, profitability was on the rise, with net profit growing by 4.27% to USD 950,974, compared to USD 912,027 in 2022. These results suggest that the company was able to improve operational efficiency and cost management even during periods of flat or declining sales.

With its legal stability, strategic shareholder backing, and improving financial performance, HOAPHAT - BINHDINH CO., LTD stands as a reliable industrial partner in Vietnam’s central region, contributing to the broader ambitions of the Hoa Phat Group in nationwide steel distribution and infrastructure development.