NSG VIETNAM GLASS INDUSTRIES LTD

NSG VIETNAM GLASS INDUSTRIES LTD (short name: VGI) is a leading foreign-invested manufacturer of float glass for industrial and solar applications, operating in Vietnam since 1997. Legally registered as a limited liability company under Business ID 3500696503, NSG Vietnam is part of the global Nippon Sheet Glass Group, with shareholding split between NIPPON SHEET GLASS CO., LTD (Japan) at 54.59% and NSG ASIA PTE LTD (Singapore) at 45.41%.

The company is managed by HA T. B., who serves as General Director. Its main manufacturing facility is in My Xuan A Industrial Park, Phu My City, Ba Ria—Vung Tau Province. With over 600 employees, NSG Vietnam plays a critical role in supplying high-grade float glass to support domestic infrastructure projects and regional solar energy development.

In the fiscal year ending March 2023, NSG Vietnam recorded USD 120.6 million in revenue, growing nearly 4% year-over-year. Total assets rose to USD 246.47 million, and equity remained stable at USD 146.52 million, indicating a well-capitalized balance sheet. However, net profit declined by over 11% to USD 4.66 million, highlighting cost pressure or margin compression in a competitive global glass market

Despite solid sales and asset growth, profitability pressure is worth monitoring, especially given the company’s exposure to global commodity cycles, energy costs, and export-linked volatility. The glass industry—particularly in solar and architectural segments—is highly sensitive to demand shifts and pricing competition.

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