NAN PAO RESINS (VIET NAM) ENTERPRISE LTD

NAN PAO RESINS (VIET NAM) ENTERPRISE LTD (CÔNG TY TNHH NAN PAO RESINS VIỆT NAM) was established on September 24, 1999, and operates as a wholly foreign-invested enterprise (FDI) under Business ID: 3700316621, registered with the Binh Duong Department of Planning and Investment. The company’s head office is located at No. 10, Thong Nhat Boulevard, Song Than 2 Industrial Park, Di An City, Binh Duong Province, with a representative office in Tan Tao District, Ho Chi Minh City.

The company is a member of NAN PAO RESINS GROUP (Taiwan), one of Asia’s leading producers of industrial adhesives, coatings, and chemical resins. In Vietnam, NAN PAO specializes in producing shoes, PU, PVAC, EVA, and resins used in various industries, including leather, footwear, furniture, and paint manufacturing. Its modern facilities and over 300 skilled employees have become a key supplier for major manufacturers in Vietnam’s export-oriented sectors.

As of December 31, 2023, NAN PAO VIETNAM reported total assets of USD 59.57 million, equity of USD 32.09 million, and net profit of USD 12.5 million on sales revenue of USD 103.07 million. While sales decreased 12.56%compared to 2022, profits still rose 24.36%, demonstrating efficient cost control and margin management amid a challenging global chemical market. Working capital stood at USD 28.55 million, indicating robust liquidity.

 Rising Sun Associates Limited, a British Virgin Islands–registered entity, fully holds the company's ownership, reflecting its multinational structure. The General Director, Mr. Chen C. P., oversees strategic operations, supported by Ms. Tran T. N. Q. as Chief Accountant.

Over the past three years, NAN PAO RESINS VIET NAM has shown strong asset and profit growth. Equity has expanded more than 49% since 2021, while profit has tripled, reflecting sound governance and effective integration with the group’s regional supply chain. However, the revenue decline in 2023 signals rising competition and volatility in raw material prices.

The company remains highly stable and solvent from a financial risk perspective, with ample cash reserves and a low-debt structure. Still, dependence on export-driven industries and external parent company ownership may expose it to cross-border risks and currency fluctuations.

According to VNBIS, NAN PAO RESINS (VIET NAM) ENTERPRISE LTD is a well-managed, financially sound enterprise with sustainable profitability and solid liquidity. Through its Company Report and Financial Risk Management Services, VNBIS assists investors, suppliers, and financial institutions in monitoring the company’s performance, assessing creditworthiness, and identifying potential risks within Vietnam’s fast-growing chemical manufacturing industry.