PRODUCTION FOR PACKING AND EXPORTING GOODS JOINT STOCK COMPANY

PRODUCTION FOR PACKING AND EXPORTING GOODS JOINT STOCK COMPANY (Vietnamese name: CÔNG TY CỔ PHẦN SẢN XUẤT BAO BÌ VÀ HÀNG XUẤT KHẨU), abbreviated as PROMEXCO, Business ID: 0100106793, is a joint stock company established on 01 August 2006 and registered with the Ha Noi Department of Planning and Investment 

The company is headquartered at Km 9, Ngoc Hoi Street, Hoang Liet Ward, Hoang Mai District, Ha Noi City, Vietnam, and maintains additional branches in Ha Noi, Ho Chi Minh City, and Quang Ninh. With approximately 55 employees, PROMEXCO operates primarily in the manufacture of wooden containers, serving packaging and export-related industries.

The company is led by NGUYEN V. T. as General Director, with NGUYEN T. T. H. serving as Chief Accountant. The shareholder structure shows NGUYEN V. T. holding 37.25%, State Capital representing 12.57%, and TRINH H. B. holding 1.02%, reflecting a mixed ownership structure that includes both private and state-linked participation.

From a financial perspective, total assets stand at approximately USD 92.69 million. Revenue reached around USD 61.3 million in the most recent fiscal year, marking continued growth of over 35% year on year. However, profit declined sharply to approximately USD 822,460, representing a decrease of more than 78% compared to the previous year.

Owner’s equity is reported at about USD 16.22 million, down 16.2% year on year. Working capital is negative at approximately USD -3.71 million, indicating short-term liquidity pressure. Over the three-year period illustrated in the financial tables, the company experienced a dramatic turnaround in equity from negative territory to positive levels in 2022, followed by a contraction in 2023. Sales expanded significantly, but profitability has been volatile.

The financial trend suggests strong revenue expansion but tightening margins and liquidity stress. The combination of high asset size, negative working capital, and declining profit raises questions about cost structure and cash flow management.

Overall, PRODUCTION FOR PACKING AND EXPORTING GOODS JOINT STOCK COMPANY demonstrates a sizable operational scale in the packaging and export supply chain but faces pressure in profitability and short-term liquidity. Counterparties should carefully evaluate payment capacity and credit exposure.

For businesses seeking to minimize financial and counterparty risks, obtaining an updated credit report from VNBIS.COM is strongly recommended. An updated report provides the latest financial statements, ownership verification, legal status confirmation, and comprehensive risk assessment indicators to support prudent decision-making.