POSCO INTERNATIONAL VIETNAM COMPANY LIMITED

POSCO INTERNATIONAL VIETNAM COMPANY LIMITED (CÔNG TY TNHH POSCO INTERNATIONAL VIỆT NAM) is a wholly foreign-owned subsidiary of POSCO International Corporation, one of South Korea’s leading trading and investment companies. Established in 2011, the Vietnam branch has steadily grown its footprint in the import-export and trading of steel, chemicals, and agricultural products. The company operates under tax code 0311276836 and is based at Unit 3403, 34th Floor, Opal Office Building, No. 92 Nguyen Huu Canh Street, Ward 22, Binh Thanh District, Ho Chi Minh City, Vietnam, with a representative office in Hanoi.

From a financial perspective, POSCO INTERNATIONAL VIETNAM demonstrated significant growth in 2024, with total sales increasing by 68.99% to USD 303.56 million, after two consecutive years of revenue contraction. This rebound is a clear strength and reflects regained momentum in core trading operations. Profit nearly doubled, rising by 96.31% to USD 715,147, indicating improved operational efficiency or better trade margins. Equity also rose to USD 6.91 million, up 11.55% from the previous year, reinforcing a growing financial base.

However, despite this strong recent recovery, it's important to note that the company had experienced substantial volatility in previous years. Sales dropped sharply by more than 50% in 2022 and continued to decline in 2023 before the 2024 recovery. Profitability followed a similar pattern, with a 76.89% fall in 2022 and another decline in 2023. These swings suggest that while the company is capable of bouncing back, its operations may be vulnerable to market conditions or internal disruptions—something partners and lenders should keep in mind.

Asset growth has been positive, with total assets reaching USD 28.03 million in 2024, more than doubling over two years. The working capital level of USD 6.52 million supports liquidity, but given the scale of the company’s trading activities, it could still benefit from enhanced capitalization. With a relatively lean workforce of 35 employees, the firm likely runs a cost-efficient operation, though it may be operationally dependent on its parent company for logistics and financial backing.

In summary, POSCO INTERNATIONAL VIETNAM COMPANY LIMITED remains a well-known and trusted brand in Vietnam’s trading and industrial supply chain, particularly in steel and commodity trade. Its recovery in 2024 is impressive and indicates good short-term prospects. However, the company’s financial history includes significant volatility, and its modest equity base relative to sales volume implies that any future shocks could again strain performance. Clients and partners should view POSCO Vietnam as a good company with international backing, while still maintaining prudent credit terms and monitoring consistency in revenue and profit trends. For deeper analysis, third-party verification, or risk management insights, turn to VANGUARD BUSINESS INFORMATION LLC (VBI).