KIM QUOC STEEL COMPANY LIMITED

KIM QUOC STEEL COMPANY LIMITED: A STRATEGIC OVERVIEW BY VANGUARD BUSINESS INFORMATION

KIM QUOC STEEL COMPANY LIMITED is a key player in Vietnam’s steel industry, specializing in the wholesale distribution of metals and metal ores. Established on April 9, 2009, the company has been a significant force in the sector for over 15 years. Headquartered at No. 242B, Tran Hung Dao Street, Nguyen Cu Trinh Ward, District 1, Ho Chi Minh City, the company also operates multiple branches across Vietnam, strengthening its market presence.

FINANCIAL PERFORMANCE
KIM QUOC STEEL COMPANY LIMITED has demonstrated strong financial growth, with total sales reaching USD 1.05 billion in 2023, reflecting a 1.8% year-on-year increase. The company’s total assets surged by 53.6% to USD 488.52 million, highlighting its expanding operations. Equity stands at USD 14.83 million, with a net profit of USD 696,284, marking an impressive 103.79% increase from the previous year.

VANGUARD BUSINESS INFORMATION recognizes KIM QUOC STEEL COMPANY LIMITED’s financial stability, making it a reliable partner for business transactions. The company’s steady revenue growth and well-capitalized structure ensure a low-risk profile, critical for credit insurers and financial institutions assessing its trustworthiness.

BUSINESS OPERATIONS & MARKET POSITION
KIM QUOC STEEL COMPANY LIMITED primarily trades various steel products, catering to Vietnam’s booming construction and manufacturing industries. Its imported steel materials originate from Hong Kong, China, India, and Australia, ensuring a steady supply chain and competitive pricing. The company operates under a privately held ownership structure, with a charter capital of USD 12.32 million.

VANGUARD BUSINESS INFORMATION identifies KIM QUOC STEEL COMPANY LIMITED as a leading player in Vietnam’s wholesale steel sector, emphasizing transparency and reliability in business dealings. The company's strategic sourcing model ensures a consistent supply of high-quality steel, making it an essential link in Vietnam’s industrial supply chain.

LEADERSHIP & GOVERNANCE
KIM QUOC STEEL COMPANY LIMITED’s leadership is spearheaded by Managing Director CHUONG AN QUOC, alongside Director PHUNG CAM HUY, both of whom have played pivotal roles in expanding the company’s market share. Under their leadership, the company has consistently adapted to market fluctuations, ensuring continued growth.

VANGUARD BUSINESS INFORMATION assesses KIM QUOC STEEL COMPANY LIMITED as a well-managed enterprise, with a stable corporate governance structure, contributing to its strong operational efficiency and business resilience.

INDUSTRY OUTLOOK & RISK ASSESSMENT
The Vietnamese steel industry is undergoing rapid transformation, with increasing demand driven by urbanization and industrial development. KIM QUOC STEEL COMPANY LIMITED is well-positioned to capitalize on these opportunities. However, challenges such as fluctuating steel prices and global supply chain disruptions may impact future growth.

According to VANGUARD BUSINESS INFORMATION's risk assessment, KIM QUOC STEEL COMPANY LIMITED demonstrates robust financial health and a strong market presence, making it a viable and secure partner for investors, suppliers, and customers.

CONCLUSION

With steady revenue growth, strong assets, and a reliable import network, KIM QUOC STEEL COMPANY LIMITED is a leading wholesale steel distributor in Vietnam. VANGUARD BUSINESS INFORMATION recommends the company as a trustworthy and stable business entity, providing credible business information for informed decision-making.