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THANH THANG GROUP CEMENT JOINT STOCK COMPANY

Active

Business ID 0700651198

842***688

THANH THANG GROUP CEMENT JOINT STOCK COMPANY

Active

Business ID 0700651198

842***688

THANH THANG GROUP CEMENT JOINT STOCK COMPANY

Active

Summary

Name:

THANH THANG GROUP CEMENT JOINT STOCK COMPANY

Business ID (TIN):

0700651198

Date of Registration:

20 Nov 2013

Registered Office:

Ha Nam Province Department of Planning and Investment

Address:

Bong Lang Hamlet, Thanh Nghi Commune, Thanh Liem District, Ha Nam Province, Vietnam

Phone:

842***688

Financial Statement:

2020, 2021, 2022, 2023, 2024

THANH THANG GROUP CEMENT JOINT STOCK COMPANY (Vietnamese: CÔNG TY CỔ PHẦN XI MĂNG THÀNH THẮNG GROUP) is a privately held joint stock company headquartered in Ha Nam Province, Vietnam. Established in 2013 and operating for over a decade, the company has positioned itself as a sizable domestic player in cement manufacturing, with expansion into related areas such as quarrying, site preparation, construction materials, and transport.

With a workforce of approximately 1,500 employees, THANH THANG GROUP CEMENT JOINT STOCK COMPANY reported total assets of over USD 692 million as of year-end 2023. While this figure suggests considerable capital investment and operational scale, the company’s financial performance in 2023 reveals increasing pressure beneath the surface. After two years of revenue growth—most recently reaching USD 262.91 million in 2023—the company posted a net loss of USD 44.26 million. This follows a USD 10.5 million loss the prior year, marking a sharp decline from the modest profit of USD 2.99 million recorded in 2021.

Owner’s equity fell nearly 27% year-on-year, from USD 155.27 million to USD 113.89 million, reflecting accumulated losses and shrinking financial reserves. Working capital was reported at a negative USD 43.11 million, which could raise short-term liquidity concerns for suppliers, contractors, and lenders. While revenue continues to grow slowly—up 2.36% year-on-year—profitability has collapsed, with a dramatic 320% drop in net income in 2023. The company’s balance sheet, while still large, shows signs of operational stress and unsustainable cost structures.

The company is led by Mr. Do Van Tien, who also holds the dual role of Chairman cum General Director and owns 34.55% of the shares. The largest shareholder, THANH THANG GROUP INVESTMENT JOINT STOCK COMPANY, holds a 63.2% stake, indicating tight group-level control. There are no known foreign shareholders, and the company remains wholly domestically owned.

For businesses considering trade partnerships, financing, or supply agreements with THANH THANG GROUP CEMENT JOINT STOCK COMPANY, the current financial indicators merit attention. While the company remains operational and continues to report strong top-line sales, the consistent and deepening losses—combined with negative working capital—highlight the importance of independent business verification before entering into commercial commitments.

At VANGUARD BUSINESS INFORMATION LLC (VBI), we provide objective and up-to-date business intelligence on companies like THANH THANG GROUP CEMENT JOINT STOCK COMPANY. Our services include credit risk assessment, financial performance monitoring, litigation checks, and business verification reports, helping partners and investors make data-driven decisions in Vietnam’s fast-evolving industrial sectors. If your company is evaluating opportunities involving Thanh Thang or any other cement manufacturer in Vietnam, VBI’s tailored reporting and due diligence services can offer essential insights to reduce exposure and improve decision confidence.

Legal Profile

English Name:

THANH THANG GROUP CEMENT JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN XI MĂNG THÀNH THẮNG GROUP

Short Name:

THANH THANG GROUP CEMENT J.S.C

Business ID (TIN):

0700651198

Date of Registration:

20 Nov 2013

Registered Office:

Ha Nam Province Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ DO V.T

+ NGUYEN M.N

+ DO V.T

+ NGUYEN T.B.L

+ DO V.T

Address:

Bong Lang Hamlet, Thanh Nghi Commune, Thanh Liem District, Ha Nam Province, Vietnam

Phone:

842***688

Business Sector

Key business lines:

VSIC:

2394 Manufacture of cement, lime and plaster

NACE:

23.5 Manufacture of cement, lime and plaster

Industry Sales Growth

CAGR (2019 - 2023)

-5.33%

YoY (2023)

-7.46%

Companies by industry

Company distribution and propportions

679

0.0234%

Key Industry Players

Top 10 companies in manufacture of cement, lime and plaster industry

chinfon cement corporation nghi son cement corporation siam city cement (vietnam) limited vicem ha tien cement joint stock company vicem hoang thach cement company limited vissai ninh bình joint stock company long son company limited song lam cement joint stock company xuan thanh cement joint stock company thanh thang group cement joint stock company

Payment History

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Financial Performance

Assets	-20.27%
Owner’s Equity	-92.29%
Working Capital	50.70%
Net Worth	12.62%
Sales	-39.02%
Operating income	53.96%
EBIT	5.28%
Gross Profit Margin	-95.25%
Debt to EBITDA	94.40%

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Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

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Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

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Historical Information

Business Locations

Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About THANH THANG GROUP CEMENT JOINT STOCK COMPANY

When did THANH THANG GROUP CEMENT JSC start operating?

THANH THANG GROUP CEMENT JSC was started in 20 Nov 2013

What industry does THANH THANG GROUP CEMENT JSC operate in?

THANH THANG GROUP CEMENT JSC is operating in "Manufacture of cement, lime and plaster" industry

How can I contact THANH THANG GROUP CEMENT JSC?

THANH THANG GROUP CEMENT JSC phone numbers is 842***688

What adverse news is there about THANH THANG GROUP CEMENT JSC?

THANH THANG GROUP CEMENT JSC’s has no negative news

What is stock symbol of THANH THANG GROUP CEMENT JSC?

THANH THANG GROUP CEMENT JSC is not listed company

Where is the location of THANH THANG GROUP CEMENT JSC?

THANH THANG GROUP CEMENT JSC is located at Bong Lang Hamlet, Thanh Nghi Commune, Thanh Liem District, Ha Nam Province, Vietnam

What is THANH THANG GROUP CEMENT JSC’s business registration?

THANH THANG GROUP CEMENT JSC business registration is 0700651198

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