SONG LAM CEMENT JOINT STOCK COMPANY

SONG LAM CEMENT JOINT STOCK COMPANY (Công Ty Cổ Phần Xi Măng Sông Lam) is a prominent Vietnamese enterprise operating in the cement manufacturing industry, with over two decades of presence in the country’s industrial landscape. Established on July 15, 2004, the company is headquartered in Quyet Tam Hamlet, Nghi Thiet Commune, Nghi Loc District, Nghe An Province, Vietnam. Its strategic location in the central region of the country has positioned it as a key supplier to both northern and central construction markets.

The company operates under Business ID 2900601487 and is legally structured as a privately held joint stock company. With a paid-up charter capital of approximately USD 78.78 million, SONG LAM CEMENT has grown into one of the most well-capitalized cement producers in Vietnam. Its primary line of business is the manufacture of cement, lime, and plaster, though its registered activities span a wide range of sectors including real estate, mining, construction material distribution, warehousing, water and road transport, and even waste disposal. This diversification reflects a strategic vision to integrate vertically across the construction and logistics value chain.

As of the end of 2023, SONG LAM CEMENT employed around 1,300 workers and reported total assets of USD 523.13 million, marking a 7.86% increase compared to 2022. Sales revenue reached USD 272.66 million, up by 8.1% year-over-year. However, despite the asset and revenue growth, the company’s profitability declined significantly. Net profit dropped by 31.73% to USD 5.59 million, following a sharp decline of nearly 70% the previous year. This trend may indicate rising operational costs or pricing pressures in the cement industry. The company’s equity stood at USD 143.7 million, reflecting stability in shareholder value despite the falling profit margin.

SONG LAM CEMENT is chaired by Mr. Nguyen Ngoc Oanh, who also holds a symbolic ownership share. The operational leadership is managed by Director Mr. Hoang Minh Tuan. The company is predominantly owned by two major Vietnamese shareholders: VISSAI NINH BINH JOINT STOCK COMPANY with 83.61% and VISSAI HA NAM JOINT STOCK COMPANY with 16.38%. These ownership links to other regional cement producers suggest that SONG LAM CEMENT is part of a broader industrial group, potentially benefiting from shared resources, market access, and operational synergies.

The company operates a large cement plant in Bai Son Commune, Do Luong District, also in Nghe An Province, which is vital for regional infrastructure projects. Its extended business activities—ranging from freight transportation to land use rights and quarrying—indicate its ambition to become a comprehensive construction solution provider, not merely a materials manufacturer.

In summary, SONG LAM CEMENT JOINT STOCK COMPANY is a major player in Vietnam’s cement industry with strong financial backing, diversified operations, and a well-established manufacturing base. However, the significant decline in profitability over the past two years may pose challenges that require strategic adaptation. As Vietnam’s infrastructure development continues to accelerate, SONG LAM’s position within the national construction supply chain remains both relevant and influential.

For those seeking deeper insights into SONG LAM CEMENT or other major industrial players in Vietnam, VANGUARD BUSINESS INFORMATION LLC (VBI) offers in-depth credit reports, risk assessments, and corporate intelligence tools via https://www.vnbis.com.