POSCO VST CO., LTD

POSCO VST CO., LTD (CÔNG TY TRÁCH NHIỆM HỮU HẠN POSCO VST) is a major foreign-invested steel producer in Vietnam, operating under the global POSCO Holdings Inc. based in South Korea. With more than two decades of experience, POSCO VST CO., LTD has established itself as a leader in the manufacture and trading of cold-rolled stainless steel products, serving both domestic and international markets. Founded on September 3, 2004, and legally registered under Business ID and Tax Code 3600691629, the company operates as a limited liability company with its headquarters located in Nhon Trach I Industrial Park, Dong Nai Province, Vietnam.

As of December 31, 2023, POSCO VST CO., LTD reported a charter capital of USD 87.61 million and a paid-up capital of USD 86.81 million. The company employs a workforce of 570 people and is majority owned by POSCO Holdings Inc. (95.65%), with the remaining shares held by Tae Yang SA Company of South Korea (4.35%). The business is governed by Chairman cum General Director Mr. Choi Gju Seo, a South Korean national, and supported by Vietnamese Chief Accountant Mr. Truong Quang Hung. Together, they oversee a modern production system and complex international supply chain operations.

In terms of financial performance, data verified by VANGUARD BUSINESS INFORMATION LLC (VBI) — a leading provider of Private Financial Data and Business Verification Services — shows that POSCO VST CO., LTD faced significant challenges in 2023. Total assets declined by 20.57% to USD 192.22 million, while sales dropped by 35.19% to USD 407.42 million. The company reported a net loss of USD 28.25 million, reversing the previous year’s profit of over USD 13 million. Despite these downturns, equity remained positive at USD 42.56 million, and the company continues to operate actively within its sector.

The company’s registered business activities focus on the manufacture of iron, steel, and cast iron, with a specialization in stainless steel cold-rolled products. These materials are essential to construction, infrastructure, manufacturing, and heavy industry both within Vietnam and abroad. POSCO VST CO., LTD maintains its strategic office in Ho Chi Minh City at the Opal Tower Building, further supporting its sales, logistics, and administrative operations.

Verified by VANGUARD BUSINESS INFORMATION LLC (VBI), POSCO VST CO., LTD has met rigorous standards for legal and financial transparency. VBI's Business Verification Service and access to Private Financial Dataensure that key information about ownership, assets, liabilities, and profitability is accurate and up to date. This provides valuable insight and confidence for banks, investors, and trade partners seeking to assess POSCO VST's market position and operational viability.

In conclusion, POSCO VST CO., LTD remains a cornerstone of Vietnam’s steel industry despite temporary financial headwinds. With strong foreign backing, verified operational data, and a legacy of industrial expertise, the company continues to supply high-quality steel products to support Vietnam’s infrastructure and manufacturing growth. Thanks to the in-depth analysis provided by VANGUARD BUSINESS INFORMATION LLC (VBI), stakeholders have reliable and verified access to the company’s profile, ensuring clarity and trust in business engagements.