KY NAM STEEL CORPORATION

KY NAM STEEL CORPORATION (CÔNG TY CỔ PHẦN THÉP KỲ NAM) is a privately held joint stock company that plays an active role in Vietnam’s industrial steel trading sector. Officially established on April 29, 2011, and operating under Tax Code 0310818638, the company is registered with the Ho Chi Minh City Department of Planning and Investment. Its head office is located at No. 32, Tan Tao Street, Tan Tao Industrial Park, Tan Tao A Ward, Binh Tan District, Ho Chi Minh City, with a branch office in Hanoi situated at the Song Da Building on Pham Hung Street.

KY NAM STEEL specializes in the wholesale trade of metals and metal ores, while also engaging in auxiliary sectors such as warehousing, industrial transportation, lifting equipment manufacturing, and even the construction and repair of ships and floating structures. Over more than 14 years of operation, the company has established a solid reputation for supplying a wide range of industrial steel products across the country.

The company is led by Chairwoman Pham N. L., who also holds a 12% ownership stake. Operational management is carried out by Director Nguyen B. L., and financial control is handled by Chief Accountant Pham H. L., an experienced professional in the steel and industrial sector.

In terms of financial performance, KY NAM experienced strong top-line growth in 2023, with sales reaching USD 172.09 million, representing a 32.67% year-over-year increase. However, the company's net profit dropped sharply to just USD 188,114, a decline of almost 90% compared to the previous year. Total assets stood at USD 73.34 million, up 16.53%, but equity fell drastically to USD 3.18 million, reflecting margin pressures and potential capital structure challenges. Working capital was modest at USD 2.68 million, underscoring tight liquidity conditions despite increased sales activity.

Ownership is currently divided among key Vietnamese shareholders, with Nguyen T. H. holding 60%, Nguyen B. L. with 28%, and Pham N. L. with the remaining 12%. However, it should be noted that these figures are based on the original charter capital registration, and updated shareholder records were not confirmed in the most recent license.

For business partners, lenders, or potential investors, KY NAM STEEL’s rapid revenue growth combined with contracting profit margins merits careful analysis. VANGUARD BUSINESS INFORMATION LLC (VBI) recommends conducting a full Vietnam Company Report, including Business Verification, Private Financial Data review, and Litigation Check, to assess current financial stability and shareholder compliance.

KY NAM STEEL CORPORATION remains an influential name in Vietnam’s industrial materials market. Yet in the steel trade, as in steel itself, strength must be matched by balance—and that balance starts with transparency.