STAVIAN PULP & PAPER JOINT STOCK COMPANY

STAVIAN PULP & PAPER JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN STAVIAN GIẤY & BỘT GIẤY), abbreviated as STAVIAN PP, is a privately held joint stock company established on 13 March 2013 and registered under Business ID and TIN 0900857608 in Hung Yen Province. The company primarily trades pulp, paper, and chemicals for the paper industry, positioning itself within Vietnam’s growing packaging and industrial materials supply chain. With a charter capital of approximately USD 12.32 million and a paid-up capital of about USD 10.27 million as of the latest reporting period, STAVIAN maintains a relatively lean workforce of 70 employees while managing a sizable trading operation.

The Chairman is Nguyen T. T., and the General Director is Vu H. H., reflecting a locally controlled governance structure. In terms of financial performance, the company has demonstrated rapid asset expansion over the past three years, with total assets increasing from USD 19.77 million in 2021 to USD 48.62 million in 2023, representing strong cumulative growth. Revenue also expanded consistently from USD 38.14 million in 2021 to USD 65.85 million in 2023, indicating solid market penetration and trading volume growth. However, profitability has weakened, with profit declining from USD 150,337 in 2021 to approximately USD 56,540 in 2023, while owner’s equity declined to USD 4.49 million, reflecting margin pressure and reduced retained earnings.

Working capital remains positive at approximately USD 1.78 million but has decreased significantly year-on-year, suggesting tighter liquidity conditions amid rapid scale expansion. The shareholder structure shows that Maruni International Joint Stock Company holds 55%, Nguyen T. T. owns 25%, and Dam D. V. holds 20%, indicating concentrated ownership with strategic internal control.

Overall, STAVIAN PULP & PAPER JOINT STOCK COMPANY presents a profile of fast-growing revenue and asset expansion within the pulp and paper trading sector, but with declining profitability that warrants careful monitoring of cost structure, financing strategy, and margin management going forward.