SONHA INTERNATIONAL CORPORATION: Manufacturing Growth Fueled by Diversification and Recovery

SONHA INTERNATIONAL CORPORATION (CÔNG TY CỔ PHẦN QUỐC TẾ SƠN HÀ) has demonstrated a strong rebound in 2024, continuing its upward trajectory as one of Vietnam’s leading metal container manufacturers. Headquartered in Hanoi and publicly listed on the Ho Chi Minh Stock Exchange under the ticker SHI, the company has become a familiar name in both the domestic and international manufacturing sectors.

A Year of Growth Across the Board

In 2024, SONHA INTERNATIONAL CORPORATION posted significant gains in key financial areas. Total assets climbed nearly 25% to exceed USD 388 million, while sales surpassed USD 462 million—marking a healthy 17% year-over-year increase. The company’s profit nearly doubled compared to the previous year, reaching USD 4.55 million. These figures reflect not only operational efficiency but also the success of its diversification efforts into areas such as solar energy and electric vehicles.

The company's equity also continued to grow, reaching over USD 86 million. Its positive working capital of more than USD 33 million suggests stable liquidity and prudent financial management. These indicators reinforce SONHA INTERNATIONAL CORPORATION's position as a resilient industrial manufacturer with sustainable momentum.

Expanding Product Lines and Business Activities

Although traditionally known for producing stainless steel water tanks and household metal containers, SONHA INTERNATIONAL CORPORATION has expanded into a wide range of product categories. These include solar water heaters, industrial stainless-steel pipes, solar panels, heat pumps, and even electric motorcycles. The company is also actively investing in water treatment technologies and industrial infrastructure—sectors with high growth potential in Vietnam’s green economy.

With over 1,600 employees and a broad distribution network through branches in Hanoi, Hai Duong, and Thai Nguyen, the company is well-positioned to scale further. Its focus on innovation and adaptation aligns with global trends pushing toward renewable energy and sustainability.

Corporate Structure and Governance

The company is chaired by Mr. Le Vinh Son, who is also the second-largest shareholder, holding just over 10% of shares. The remaining shares are widely distributed among other investors, reflecting a public ownership model that supports transparency and growth. While the position of general director remains vacant as of the latest reporting period, the company continues to be led operationally by a team of deputy general directors.

Publicly traded and regulated by Vietnam’s stock exchange system, SONHA INTERNATIONAL CORPORATIONmaintains a level of transparency and corporate governance that builds investor confidence. This is particularly crucial in an industrial sector where capital intensity and long-term planning are essential.

Risk Awareness in a Complex Manufacturing Landscape

Despite its recent success, SONHA INTERNATIONAL CORPORATION operates in a competitive and highly dynamic environment. Factors such as raw material prices, global demand for metal goods, and logistics volatility can all affect bottom-line performance. For businesses, investors, and partners interested in engaging with companies like SONHA, thorough due diligence is a must.

Reliable corporate intelligence and financial risk assessment are available through trusted services like Vanguard Business Information LLC (VBI), which offers in-depth company reports, credit analysis, and compliance checks across Vietnam and globally. This ensures that stakeholders can evaluate opportunities with confidence and clarity.

Conclusion

SONHA INTERNATIONAL CORPORATION represents a textbook example of industrial adaptation and financial recovery in post-pandemic Vietnam. With a strong foundation in manufacturing, growing interest in sustainable technologies, and a track record of transparent governance, the company is well placed for future expansion. As with all growth stories, careful monitoring and risk management will be key to ensuring that this momentum translates into long-term success.