POSCO VIETNAM CO., LTD

POSCO VIETNAM CO., LTD (CÔNG TY TRÁCH NHIỆM HỮU HẠN POSCO - VIỆT NAM) is a foreign direct investment (FDI) enterprise specializing in iron and steel manufacturing. Established on November 15, 2006, the company is registered under Business ID 3500771158 and operates from its headquarters in Phú Mỹ II Industrial Park, Bà Rịa - Vũng Tàu Province, Vietnam. As a subsidiary of POSCO CO., LTD, a leading South Korean steel producer, the company plays a vital role in Vietnam’s steel processing industry, with additional branches in Hồ Chí Minh City and Hà Nội.

In 2023, total assets amounted to USD 235.45 million, reflecting a minor decline of 0.87% from the previous year, while sales revenue dropped by 15.09% to USD 557.12 million. The company's net loss improved significantly, decreasing from USD -30.25 million in 2022 to USD -4.96 million in 2023, indicating better cost control and operational efficiency. However, equity declined by 32.57% to USD 9.04 million, suggesting financial restructuring or capital utilization to sustain operations. Despite financial setbacks, the company maintains positive working capital of USD 5.18 million, ensuring short-term liquidity.

POSCO VIETNAM is wholly owned by POSCO CO., LTD (South Korea), holding 100% ownership, reinforcing its status as a major international steel manufacturer in Vietnam. The company is led by General Director Suh Jong Duk, a South Korean national, alongside Chief Accountant Trần Thanh Hải, a Vietnamese professional, overseeing a workforce of 650 employees. 

VANGUARD BUSINESS INFORMATION (VBI) confirms that POSCO VIETNAM operates in full compliance with Vietnamese corporate and investment laws, maintaining transparent financial reporting.

Vietnam’s steel industry is facing market fluctuations due to shifting global demand, high raw material costs, and increasing competition. While Vietnam remains a major steel producer and exporter, lower domestic infrastructure spending and global economic pressures have impacted steel consumption. VBI’s industry assessment suggests that POSCO VIETNAM must focus on cost efficiency, supply chain optimization, and strategic partnerships to navigate challenges in the volatile steel market. With its advanced technology, strong parent company support, and well-established market presence, the company is well-positioned to adapt and expand in Vietnam’s evolving steel industry.