THAI HUNG TRADING JOINT-STOCK COMPANY

THAI HUNG TRADING JOINT STOCK COMPANY  (THAI HUNG JSC) is a prominent Vietnamese enterprise specializing in the wholesale of metals and metal ores. Established on March 28, 2003, and headquartered in Thai Nguyen City, Thai Nguyen Province, the company has become a significant player in the industry. Thai Hung JSC demonstrates a strong financial foundation with a charter capital of USD 61.62 million and total assets valued at USD 383.22 million as of December 31, 2023. The company is privately held and employs approximately 800 people, reflecting its substantial operational scale.

The company’s primary business activities include trading construction steel, steel billets, and metal scraps, alongside investments in real estate and logistics services. Additionally, Thai Hung JSC is registered for a diverse range of business activities, such as the wholesale of construction materials, motor vehicles, beverages, and food, as well as mining iron ores. This diversification allows the company to leverage multiple revenue streams and adapt to market fluctuations.

Financially, Thai Hung JSC has shown resilience despite challenges. In 2023, the company reported total sales of USD 581.83 million, a slight decline of 4.11% year-over-year (YoY). However, its total assets increased by 12.58% YoY, reaching USD 383.22 million. The company’s equity also saw a marginal increase of 0.21% YoY, standing at USD 68.39 million. Despite these positive indicators, the company faced a significant drop in profit, which fell by 87.86% YoY to USD 299,740, highlighting potential operational or market challenges.

Chairwoman Nguyen Thi Vinh and General Director Nguyen Van Tuan steer the company's strategic direction. Thai Hung JSC operates multiple offices, including its head office in Thai Nguyen, a branch in Quang Ninh, and representative offices in Ho Chi Minh City and Song Cong City, ensuring a broad operational reach across Vietnam.

In summary, Thai Hung Trading Joint-Stock Company is a well-established entity in Vietnam’s metals and trading sector. It has a robust asset base and diversified business activities. While it faces profitability challenges, its strong market presence and strategic leadership position it for potential growth and stability in the future.