HUNG YEN PLASTIC JOINT STOCK COMPANY

A Trusted Brand with Over Two Decades of Experience

Established on August 19, 2005, HUNG YEN PLASTIC JOINT STOCK COMPANY (HPC., JSC) has become one of northern Vietnam’s leading producers of plastic packaging and industrial materials. The company operates under Business ID: 0900108380, issued by the Hung Yen Department of Planning and Investment, with its head office located at No. 115, Nguyen Thien Thuat Street, Minh Khai Ward, Hung Yen City, Hung Yen Province. Over nearly 20 years of operation, HUNG YEN PLASTIC has built a strong reputation for quality, innovation, and reliability in Vietnam’s plastic manufacturing sector.

Leadership and Business Focus

The company is led by Chairman cum General Director Nguyen M. T., supported by Deputy General Director Nguyen M. T. and Chief Accountant Nguyen T. T. M. HUNG YEN PLASTIC specializes in producing a wide range of plastic packaging products with a workforce of about 290 employees and a charter capital of USD 1.22 million. It also operates across related industries, including synthetic rubber, plastic chemicals, paints, coatings, machinery repair, and industrial installation, which enhance its competitiveness and supply chain control.

Strong Financial Performance in 2023

Despite a general slowdown in global manufacturing, HUNG YEN PLASTIC JOINT STOCK COMPANY maintained positive growth in key financial metrics during 2023. The company reported total assets of USD 39.46 million, up 17.5%year-on-year, and owner’s equity increased by 8.6% to USD 8.27 million. While sales revenue decreased slightly to USD 107.01 million (down 19.51% compared with 2022), net profit grew significantly by 53.02%, reaching USD 1.16 million. The company also maintained a working capital of USD 3.1 million, ensuring stable liquidity for operations and expansion.

Resilience and Market Outlook

The most remarkable aspect of HUNG YEN PLASTIC’s performance lies in its ability to improve profitability amid declining revenue. This result reflects effective cost control, operational efficiency, and strong management oversight. The company’s diversified business structure and continued reinvestment in technology have positioned it to adapt to fluctuating market conditions and environmental regulations affecting the plastics industry.

Conclusion: A Reliable Partner for Industrial Clients

With a solid financial foundation, experienced leadership, and a long-standing presence in Vietnam’s manufacturing landscape, HUNG YEN PLASTIC JOINT STOCK COMPANY continues strengthening its position as a key supplier of high-quality plastic packaging and industrial materials. Its focus on sustainable production, modernization, and financial stability reinforces confidence among domestic and international partners.

For businesses seeking verified insights into the company’s financial strength and credit standing, detailed Company Reports and Risk Analyses are available from VNBIS, a trusted provider of business intelligence that helps clients minimize risks and maximize opportunities in Vietnam’s growing industrial sector.