NAM PHAT HAI PHONG SHIPBUILDING AND SHIPPING COMPANY CORPORATION

NAM PHAT HAI PHONG SHIPBUILDING AND SHIPPING COMPANY CORPORATION is a privately held joint stock company registered under Business ID: 0201954045, located at No. 52, Ha Noi Street, So Dau Ward, Hong Bang District, Hai Phong City, Vietnam. The company was established on March 20, 2019, under the supervision of the Hai Phong Department of Planning and Investment. Its charter capital amounts to USD 8.22 million, with USD 4.11 million paid up as of December 31, 2024.

The company’s legal representative and director is Tran V. H., a Vietnamese national with extensive experience in shipbuilding and maritime services. NAM PHAT HAI PHONG currently employs about 80 staff and operates across several regions, including a transaction office in Hanoi and a representative office in Thanh Hoa Province.

The company operates primarily in sea and coastal passenger water transport, shipbuilding, and steel trading, while also providing inland freight transportation and short-term accommodation services. Its diversified business model aims to integrate logistics, tourism, and manufacturing under a single corporate structure.

Financially, NAM PHAT HAI PHONG recorded USD 102.95 million in sales in 2023, marking a 62% increase year-on-year, but it still posted a loss of USD 989,195. Total assets grew to USD 28.16 million, while equity declined sharply to USD 284,785, indicating a thin capitalization ratio and weak financial resilience despite strong top-line growth. The company’s working capital deficit of USD -2.61 million reflects strained liquidity and high operational leverage.

The shareholder structure is dominated by Le T. H. (45.46%), Nguyen M. H. (40%), and Tran V. H. (14.55%). This concentration of ownership among key managers allows for agility but also heightens credit concentration risk.

Overall, NAM PHAT HAI PHONG SHIPBUILDING AND SHIPPING COMPANY CORPORATION demonstrates rapid business expansion and asset accumulation but remains financially vulnerable due to persistent losses and weak equity levels. It is therefore assessed as a moderate-to-high credit risk entity, requiring cautious engagement in large-scale transactions or extended payment terms.

Data and credit interpretation provided by VANGUARD BUSINESS INFORMATION LLC (VNBIS), a leading provider of company intelligence and risk assessment services.