TOA PAINT (VIETNAM) CO., LTD

TOA Paint (Vietnam) Co., Ltd (Vietnamese: Công ty TNHH Sơn Toa Việt Nam), Business ID 3700226914, is a foreign-invested manufacturing company registered on 30 September 1995 under the Binh Duong Province Department of Planning and Investment. Headquartered at Lot L2.3, Road No. 2, Tan Dong Hiep A Industrial Park, Di An City, Binh Duong Province, the company specializes in the manufacture and distribution of paints, varnishes, and similar coatings, employing approximately 500 staff across Vietnam.

The company is 100% owned by TOA Paint (Thailand) Public Company Limited and operates as a one-member limited liability company with a charter capital of USD 18,847,747. Senior management is led by Chairman Mr. Tangkaravakoon, with Mr. Thitaram serving as General Director — both Thai nationals, reflecting close alignment with the parent group's regional strategy.

From a risk management perspective, TOA Paint Vietnam warrants careful monitoring. While the company maintains a positive equity base of USD 19.66 million and has remained operationally active for over 30 years, its financial trajectory shows three consecutive years of decline: total sales dropped from USD 54.1 million in 2022 to USD 37.4 million in 2024 — a cumulative revenue loss of over 30% — and FY2024 marked the company's first recorded net loss of USD 1.04 million. Working capital tightened to USD 7.72 million, and total assets contracted by 17.25% year-on-year. For counterparties considering credit terms, supply agreements, or investment exposure, enhanced due diligence and closer financial monitoring are strongly advised.

Source: VNBIS Company Profile Report, ref. VN3772495786, dated 02 March 2026. Visit vnbis.com for full business intelligence reports on Vietnamese companies.