MINH NGOC COMPANY LIMITED

Located in Pho Noi A Industrial Park, Hung Yen Province, MINH NGOC COMPANY LIMITED (short name: MN CO., LTD) is a dynamic and expanding enterprise in Vietnam’s industrial manufacturing sector. With over 20 years of experience since its registration on April 4, 2005, the company has developed a solid reputation in the steel processing, metal treatment, and industrial infrastructure domains, contributing significantly to the country’s growing demand for steel products and related services.

MINH NGOC COMPANY LIMITED is a privately held limited liability company operating under Business ID 0900237146, and its charter capital and paid-up capital as of December 31, 2023, were recorded at USD 69.84 million. The company is led by Mr. Dong Tuan Vu, who holds a dual role as Chairman cum General Director and majority shareholder (51.59%). He is supported by Ms. Nguyen Thi Hien and Mr. Dong Anh Tuan, both serving as Deputy General Directors. The company's workforce comprises approximately 350 employees.

This growth trajectory showcases a strong post-recovery rebound following a challenging year in 2022, where the company recorded a loss. The 2024 revenue surge of over 56% marks an impressive recovery and expansion, despite a minor dip in net profit. The sharp owner’s equity and asset base growth suggest solid reinvestment and capital accumulation.

Business Activities and Market Position

MINH NGOC’s core business includes the processing and trading of steel products, particularly:

• Steel pipes

• Galvanized steel bars

• Galvanized steel sheets

Additionally, the company offers workshop leasing services and invests in hydropower projects, revealing a forward-thinking approach to industrial diversification.

The registered business lines also span:

• Metal machining, casting, and coating

• Freight and cargo handling

• Manufacturing of iron, steel, plastic, and carpentry products

• Real estate leasing and property transactions

• Road freight transport and support logistics

With factories and operational presences in Hung Yen and Hanoi, MINH NGOC maintains robust production and commercial capacity across Northern Vietnam.

Shareholder Composition

The company is jointly owned by Mr. Dong T.V. and Ms. Pham T. N

This tightly held structure ensures strategic alignment between leadership and ownership, reinforcing long-term vision and investment confidence.

From a financial and operational standpoint, MINH NGOC COMPANY LIMITED is well-positioned for continued growth. Its ability to recover from losses, rapidly scale revenue, and maintain healthy equity reflects prudent financial management and operational efficiency. However, despite soaring sales, the slight dip in profit in 2024 warrants attention to cost controls, profit margins, and investment efficiency in the future.

In conclusion, MINH NGOC is a reliable steel and industrial manufacturer and a growing force in Vietnam’s infrastructure supply chain. With a modernized capital base, diverse operations, and solid leadership, it stands out as a company to watch in the regional manufacturing landscape