KYOEI STEEL VIET NAM COMPANY LIMITED

KYOEI STEEL VIET NAM COMPANY LIMITED (CÔNG TY TNHH THÉP KYOEI VIỆT NAM), tax code 2700631318, is a Japanese-invested enterprise operating in the steel manufacturing sector in Vietnam. Established in 2012 and located at Group 4, Nam Son Ward, Tam Diep City, Ninh Binh Province, the company produces deformed steel bars and wire rods for both domestic construction needs and broader industrial demand.

The company is led by General Director Fukunishi H., a Japanese national, with 235 employees. It is majority-owned by Japan’s KYOEI STEEL, LTD. (65.5%), alongside MARUBENI-ITOCHU STEEL PTE LTD (Singapore, 19.5%) and METAL ONE CORPORATION (Japan, 15%). Despite this strong international backing and a paid-in capital of over USD 44 million, the firm reported a net loss of USD 3.24 million in 2023, a stark decline compared to the USD 1 million profit in 2021.

This steep loss occurred even as total assets rebounded by 17.5% to USD 61.89 million, suggesting aggressive reinvestment or asset revaluation. However, owner’s equity dropped by 20.3%, and working capital plunged by nearly 30%, leaving only USD 5.19 million in liquidity. Coupled with a three-year profitability trend showing a continued downturn, this paints a worrying picture from a credit and risk management standpoint.

Sales have also declined for the second consecutive year, falling to USD 151.24 million in 2023, down 4.05% from the previous year. This contraction, alongside shrinking margins and capital erosion, raises concerns for any stakeholders seeking Vietnam's private financial data on the steel industry. The company may be facing intensified competition, raw material price volatility, or demand softening in the local construction sector.

For credit evaluators or those conducting business verification, the consistent deterioration in profit—despite solid foreign ownership and capital infusion—points to operational inefficiencies or structural market headwinds. The company's ability to reverse this trend will determine its future viability in an increasingly cost-sensitive and environmentally conscious steel market.

In summary, KYOEI STEEL VIET NAM COMPANY LIMITED remains active but vulnerable. It has notable foreign investment strength but troubling financial results. Suppliers, investors, and financial institutions evaluating exposure to Vietnam's steel sector should closely monitor its performance and short-term solvency.