POSCO YAMATO VINA STEEL JOINT STOCK COMPANY

POSCO YAMATO VINA STEEL JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN THÉP POSCO YAMATO VINA) ended 2023 with a financial loss of USD 5.75 million, marking its second consecutive year in the red. Despite having strong equity of nearly USD 360 million and assets of over USD 457 million, the company struggled with falling sales and profitability. Sales declined by more than 14% year-over-year to USD 295.95 million, continuing a downward trend that started in 2022.

The company operates out of Phu My 2 Industrial Park in Ba Ria – Vung Tau Province and maintains additional offices in Ho Chi Minh City and Hai Phong. With a workforce of 730, POSCO YAMATO VINA STEEL focuses on producing and trading steel products, including H-beams and structural steel. The firm is structured as a foreign direct investment (FDI) joint stock company, with POSCO (South Korea) holding a 51% controlling stake, followed by Yamato Kogyo (Japan) at 30% and Siam Yamato Steel (Thailand) at 19%.

In 2023, the company’s equity increased slightly, but that didn’t translate into profits. While working capital improved to USD 83.6 million—a 39.89% increase—losses remained a concern. The company saw a 56.47% reduction in losses compared to 2022, but it still failed to break even.

This financial pattern raises questions about cost control, demand, or production efficiency. A steel manufacturer losing money two years in a row, despite backing from major international shareholders, deserves scrutiny. Stakeholders should look beyond the capital base and study operational dynamics. In such cases, VANGUARD BUSINESS INFORMATION LLC (VBI) can help verify not only the legal standing but also the commercial credibility of firms like POSCO YAMATO VINA. With steel markets tightening, understanding the risks beneath the balance sheet is no longer optional.