THUAN THANH ENVIRONMENT JOINT STOCK COMPANY

THUAN THANH ENVIRONMENT JOINT STOCK COMPANY
CÔNG TY CỔ PHẦN MÔI TRƯỜNG THUẬN THÀNH

Situated in Bac Ninh Province, Thuan Thanh Environment Joint Stock Company has steadily grown into one of northern Vietnam’s major players in the environmental services and waste management sector. Officially established on 29 April 2009, the company has operated for over 16 years and is privately held under a joint-stock model. It is led by Mr. Vu V. D., who serves as Chairman, supported by Mr. Vu M. T. as Director and Mr. Doan V. H. as Deputy General Director.

The company’s core business focuses on collection, transportation, disposal, and recycling of garbage, sewage, and industrial waste, but its registered activities go far beyond. It holds licenses in materials recovery, wood processing, paper and plastic manufacturing, and even the production of iron, steel, and non-ferrous metals. This breadth reflects a strategy of vertical integration—maximizing value from waste materials through multiple stages of reuse and recycling.

In 2023, the company posted over USD 127 million total assets, marking a 13.86% increase year-on-year. Its sales revenue reached USD 112.3 million, continuing a strong upward trajectory with a 22.28% annual growth, following similar double-digit expansions in prior years. However, while revenue and asset growth remained solid, net profit declined by 17.19% compared to 2022, totaling just USD 6.39 million, down from USD 8.06 million in 2021. This may suggest increasing operational costs, capital expenditures, or regulatory compliance burdens in the environmental sector.

Despite this profit dip, the company maintained a healthy owner’s equity of USD 81.63 million, and its net worth held firm at USD 81.59 million. It also employs approximately 500 staff and operates a major waste treatment factory in Cuu Yen Hamlet, further reinforcing its operational capabilities and capacity to scale.

Ownership is concentrated, with Mr. Vu V. D. holding 55% of shares, followed by Mr. Nguyen T. K. with 40%, and Ms. Nguyen T. T. holding the remaining 5%. This structure allows for aligned decision-making and efficient strategic execution.

Through its official website https://thuanthanhenco.com, the company continues to promote its commitment to sustainable development, industrial waste processing, and environmental responsibility—an increasingly critical area as Vietnam tightens its environmental standards and expands green growth initiatives.

Clients and partners may request the full due diligence report available from VANGUARD BUSINESS INFORMATION LLC (VNBIS) for a deeper look into the company's financial structure, credit risks, and operational performance.