NAM PHAT TRADING AND PRODUCING COMPANY LIMITED

NAM PHAT TRADING AND PRODUCING COMPANY LIMITED: Explosive Growth With Equity Still in the Red—Caution Advised

NAM PHAT TRADING AND PRODUCING COMPANY LIMITED (CÔNG TY TNHH THƯƠNG MẠI VÀ SẢN XUẤT NAM PHÁT), founded in 2005 and based in Hanoi, has made bold moves in Vietnam’s steel and metal trading sector. Registered under business ID and tax code 0101806244, the company has expanded rapidly with operations in both Hanoi and Hai Phong, supported by a relatively small workforce of 48 employees. Mr. Nguyen Luong Ngoc, who owns 96% of the company, serves as its Director.

In 2023, NAM PHAT TRADING AND PRODUCING COMPANY LIMITED more than doubled its revenue, hitting USD 204.58 million—a massive 100.49% year-over-year increase. Total assets rose 44.38% to USD 60.94 million, showing aggressive expansion. The company also turned a profit of USD 457,001, reversing deep losses from prior years.

However, from a risk management perspective, the financials paint a more complex picture. The company’s equity remains negative at USD -388,382, although this is a partial recovery from USD -843,580 in 2022. This negative net worth signals ongoing concerns about capital adequacy and retained losses from earlier operations. Even with growing working capital of USD 5.16 million, the long-standing equity deficit raises red flags for creditors and investors.

Such an imbalance between top-line growth and capital health demands scrutiny. VANGUARD BUSINESS INFORMATION LLC strongly recommends a comprehensive review of the company’s Private Financial Data, including cash flow health and debt obligations. A Litigation Search is also critical to uncover any hidden liabilities that might further weaken its fragile capital structure.

While NAM PHAT TRADING AND PRODUCING COMPANY LIMITED shows strong commercial momentum, stakeholders should approach with measured confidence—ensuring all financial and legal risks are fully vetted. For independent credit assessment, business verification, and partner vetting in Vietnam’s volatile steel market, VANGUARD BUSINESS INFORMATION LLC offers the insight and protection you need.