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NAM SON STEEL CORPORATION

Active

Business ID 0311981965

84-28 / 5413 3322

NAM SON STEEL CORPORATION

Active

Business ID 0311981965

84-28 / 5413 3322

NAM SON STEEL CORPORATION

Active

Summary

Name:

NAM SON STEEL CORPORATION

Business ID (TIN):

0311981965

Date of Registration:

25 Sep 2012

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Address:

No. 127, Pham Thai Buong Street, Tan Phong Ward, District 7, Ho Chi Minh City, Vietnam

Phone:

84-28 / 5413 3322

Financial Statement:

2020, 2021, 2022, 2023, 2024

NAM SON STEEL CORPORATION (CÔNG TY CỔ PHẦN THÉP NAM SƠN): High Revenue, Heavy Losses—An Unusual Financial Paradox

NAM SON STEEL CORPORATION, legally registered under Business ID and Tax Code 0311981965, is a privately owned steel trading and manufacturing company based in District 7, Ho Chi Minh City, with a branch in Long An Province. Established in 2012, the company has grown to become a notable name in Vietnam’s steel supply market, with a wide range of products including rolled steel, bars, plates, and corrugated coils.

In 2023, the company reported total sales of USD 459.63 million, marking a 25.7% increase from the previous year—an impressive achievement by industry standards. However, this topline success stands in stark contrast to its net loss of USD 15.49 million, and more critically, its negative owner’s equity of USD -5.19 million. Despite being in operation for over 12 years and holding over USD 180 million in total assets, NAM SON STEEL is now in a negative net worthposition—an unusual and concerning financial indicator for a business of this scale.

The discrepancy between high revenue and deepening losses may stem from narrow profit margins, rising input costs, or financial mismanagement. Moreover, the company’s working capital also fell to negative USD 5.31 million, suggesting liquidity stress and potential short-term payment risks.

The company is led by General Director Ms. Nguyen Thi Thanh Phuong, who also holds over 96% of shares, reinforcing tight private control. The executive team includes CEO Mr. Tran Van Vinh, and the company operates with a staff of around 150 employees.

NAM SON STEEL is officially registered for a wide scope of activities, ranging from steel product trading and fabrication to construction services, demolition, site preparation, and motor vehicle sales and repair. This broad registration indicates either a strategy of diversification—or a signal that the company is stretching resources thin across too many sectors.

For potential business partners, creditors, or contractors, such financial and structural inconsistencies warrant caution. A company generating nearly half a billion dollars in revenue but holding negative equity and consecutive years of lossesraises key questions about its long-term sustainability and financial controls.

To navigate such risks, it is strongly recommended to consult independent risk intelligence platforms like Vanguard Business Information (VBI). Through business verification services and financial risk analysis, VBI can help uncover vital details such as solvency, creditor standing, and payment reliability before entering any formal engagement with companies showing red flags like NAM SON STEEL CORPORATION.

In summary, NAM SON STEEL CORPORATION is a rare case where scale does not guarantee stability. Its revenue figures may impress, but its worsening financial foundation demands close scrutiny. For now, its future hinges not just on generating more sales—but on rebuilding financial integrity and restoring trust across the business ecosystem.

Legal Profile

English Name:

NAM SON STEEL CORPORATION

Vietnamese Name:

CÔNG TY CỔ PHẦN THÉP NAM SƠN

Short Name:

NAM SON STEEL CORP

Business ID (TIN):

0311981965

Date of Registration:

25 Sep 2012

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN T.T.P

+ TRAN V.V

+ PHAM T.B.H

Address:

No. 127, Pham Thai Buong Street, Tan Phong Ward, District 7, Ho Chi Minh City, Vietnam

Phone:

84-28 / 5413 3322

Factory Address:

Nguyen Trung Truc Street, Long Dinh Commune, Can Duoc District, Long An Province, Vietnam

Branch:

Tinh Lo 826 Street, My Le Commune, Can Duoc District, Long An Province, Vietnam

Branch:

Tinh Lo 830 Street, Hamlet 4A, Tan Trach Commune, Can Duoc District, Long An Province, Vietnam

Business Sector

Key business lines:

VSIC:

4662 Wholesale of metals and metal ores

NACE:

46.72 Wholesale of metals and metal ores

Industry Sales Growth

CAGR (2019 - 2023)

7.06%

YoY (2023)

-6.40%

Companies by industry

Company distribution and propportions

20,385

0.7012%

Key Industry Players

Top 10 companies in wholesale of metals and metal ores industry

thai hung trading joint-stock company nam phat shipbuilding and shipping company corporation vuong steel co.,ltd kim quoc steel company limited (translated name) hanoi steel and trade joint stock company nam son steel corporation thang long sbtc joint stock company nam phat steel trading and servicing joint stock company dong hai steel trading company limited toan phat steel production and investment company limited

Payment History

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Financial Performance

Assets	87.55%
Owner’s Equity	-11.85%
Working Capital	-1.60%
Net Worth	-88.77%
Sales	-27.72%
Operating income	94.30%
EBIT	78.28%
Gross Profit Margin	75.64%
Debt to EBITDA	67.16%

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Negative Payment Records

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Litigation Records; Negative News

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Balance Sheet

Profit and Loss Statement

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Opinion from Analysts

Specific Questions About NAM SON STEEL CORPORATION

When did NAM SON STEEL CORPORATION start operating?

NAM SON STEEL CORPORATION was started in 25 Sep 2012

What industry does NAM SON STEEL CORPORATION operate in?

NAM SON STEEL CORPORATION is operating in "Wholesale of metals and metal ores" industry

How can I contact NAM SON STEEL CORPORATION?

NAM SON STEEL CORPORATION phone numbers is 84-28 / 5413 3322

What adverse news is there about NAM SON STEEL CORPORATION?

NAM SON STEEL CORPORATION’s has no negative news

What is stock symbol of NAM SON STEEL CORPORATION?

NAM SON STEEL CORPORATION is not listed company

Where is the location of NAM SON STEEL CORPORATION?

NAM SON STEEL CORPORATION is located at No. 127, Pham Thai Buong Street, Tan Phong Ward, District 7, Ho Chi Minh City, Vietnam

What is NAM SON STEEL CORPORATION’s business registration?

NAM SON STEEL CORPORATION business registration is 0311981965

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NAM SON STEEL CORPORATION

NAM SON STEEL CORPORATION

NAM SON STEEL CORPORATION

NAM SON STEEL CORPORATION (CÔNG TY CỔ PHẦN THÉP NAM SƠN): High Revenue, Heavy Losses—An Unusual Financial Paradox

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NAM SON STEEL CORPORATION

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NAM SON STEEL CORPORATION

NAM SON STEEL CORPORATION (CÔNG TY CỔ PHẦN THÉP NAM SƠN): High Revenue, Heavy Losses—An Unusual Financial Paradox

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