SHINYANG METAL VIETNAM CO., LTD

SHINYANG METAL VIETNAM CO., LTD (CÔNG TY TNHH SHINYANG METAL VIỆT NAM) is a foreign-invested manufacturer specializing in aluminum and structural metal products for industrial and construction applications. Established on 14 May 2015 and headquartered at Dai An Expanded Industrial Park in Hai Phong City, the company has operated in Vietnam for over 10 years as a key production base for its South Korean parent group.

Structured as a one-member limited liability company with FDI ownership, SHINYANG METAL VIETNAM has a charter capital of approximately USD 6.6 million and employs around 450 workers. The company manufactures aluminum bars, extrusions, frames, mid-rails, and other fabricated metal products, serving both industrial and automotive supply chains.

Financial performance in 2024 shows remarkable expansion. Total assets surged to USD 50.84 million, more than doubling year-on-year. Revenue increased strongly to USD 85.86 million, while net profit rose to USD 5.05 million, reflecting nearly 50% growth compared to the previous year. Owner’s equity expanded significantly to USD 21.46 million, indicating strengthened capital and retained earnings.

Over the past three years, the company has demonstrated consistent profitability and accelerating growth momentum. While sales declined slightly in 2023, 2024 marked a sharp rebound in both revenue and asset base. However, working capital turned negative at USD -2.85 million, suggesting increased short-term liabilities accompanying rapid expansion.

Director Mr. CHUN MINSOO leads the company and is wholly owned by SHINYANG METAL IND CO., LTD (South Korea). With expanding asset scale, rising profitability, and strong backing from its parent corporation, SHINYANG METAL VIETNAM CO., LTD continues to strengthen its position within Vietnam’s metal fabrication and aluminum manufacturing sector.