MARUBENI-ITOCHU STEEL VIETNAM COMPANY LIMITED

MARUBENI-ITOCHU STEEL VIETNAM COMPANY LIMITED (Vietnamese: CÔNG TY TNHH MARUBENI-ITOCHU STEEL VIỆT NAM), operating under Business ID and Tax Code 0105324298, is a 100% foreign direct investment enterprise based in Hanoi, Vietnam, with a branch in Ho Chi Minh City. The company was officially registered on May 18, 2011 and is wholly owned by MARUBENI-ITOCHU STEEL PTE LTD, headquartered in Singapore. Its main line of business is the wholesale of metals and metal ores, with additional activities in non-specialized trading, management consultancy, and brokerage services.

Headquartered on the 24th Floor of the Keangnam Landmark Tower, Me Tri Ward, Hanoi, and overseen by General Director Mr. Kurita Takafumi, the company employs a modest workforce of 45 staff members. Despite its modest size, the company manages a substantial volume of trading activities, with reported total assets of USD 255.37 million as of its latest fiscal year ending March 31, 2023.

Financial performance data for MARUBENI-ITOCHU STEEL VIETNAM COMPANY LIMITED presents a cautionary picture. While the company maintains a stable equity base—USD 61.27 million, up 3.01% year-over-year—its revenue and profit have taken significant hits. Sales collapsed from USD 1.21 billion in 2022 to just USD 229.84 million in 2023, marking an alarming 81.02% decline in total revenue. This dramatic fall is accompanied by a sharp 86.66% drop in net profit, which fell to just USD 1.79 million.

Such volatility raises concern about the firm’s revenue model and market exposure. The steep decline in both revenue and profit, despite a growing equity position, may suggest either a loss of major contracts, adverse commodity price movements, or a shift in corporate strategy that has yet to yield tangible financial results. Furthermore, asset shrinkage—down 4.88% from 2022—adds another layer of concern regarding operational scale and long-term investment in Vietnam.

Although the company’s working capital stands at USD 61.17 million, a healthy liquidity buffer, the sharp contraction in earnings indicates underlying structural issues or external risks that may be impacting the firm’s ability to maintain previous performance levels. In high-volume trading environments, such as those in the metals and steel sectors, these swings can have a severe impact on partner companies that rely on consistent supply, predictable prices, and stable payment cycles.

Given these developments, businesses considering entering into partnerships or credit arrangements with MARUBENI-ITOCHU STEEL VIETNAM COMPANY LIMITED should proceed with appropriate caution. While the firm remains active and maintains adequate liquidity on paper, its financial performance trajectory suggests a potential for delayed payments, renegotiated contracts, or instability in revenue. Entities supplying goods, services, or extending trade credit would be well advised to conduct updated due diligence and set well-structured contractual safeguards.

To navigate these uncertainties with precision, clients are encouraged to engage VANGUARD BUSINESS INFORMATION LLC (VBI). VBI offers full-spectrum risk management and business verification services, including detailed financial ratio analysis, litigation search, credit risk ratings, and background reviews of both local subsidiaries and their foreign parent entities. For businesses looking to mitigate exposure and gain a clear, evidence-based understanding of counterparties like MARUBENI-ITOCHU STEEL VIETNAM CO., LTD, VBI is a trusted and professional partner.