HALONG CEMENT JOINT STOCK COMPANY

HALONG CEMENT JOINT STOCK COMPANY (Vietnamese name: CÔNG TY CỔ PHẦN XI MĂNG HẠ LONG), Business ID: 5700466028, is a joint stock company established on 20 April 2003 and registered in Quang Ninh Province. The company’s head office is located at Cho Hamlet, Thong Nhat Commune, Quang Ninh Province, Vietnam.

With more than 22 years of operation, HALONG CEMENT JOINT STOCK COMPANY is active in the manufacture of cement and clinker. Its registered business activities include quarrying of stone, sand, gravel and clay, production of concrete and cement-based products, installation of industrial machinery and wholesale of construction materials. The company employs around 500 staff and is chaired by PHAM DUC CUONG, with HOANG ANH DUC serving as General Director.

Financially, HALONG CEMENT JOINT STOCK COMPANY is currently facing substantial pressure. Total assets are approximately USD 159.8 million, while total sales have declined significantly to about USD 20.6 million. The company recorded a net loss of nearly USD 23.8 million in the most recent fiscal year.

More concerning is its balance sheet structure. Owner’s equity is negative at roughly USD -109.7 million, and working capital stands at approximately USD -193.1 million. Over recent years, revenue has continued to decline while losses have widened, leading to a deep erosion of equity. The persistent negative equity indicates accumulated losses that exceed the company’s charter capital, raising serious concerns regarding solvency and long-term financial sustainability.

Although HALONG CEMENT JOINT STOCK COMPANY benefits from a strong institutional shareholder structure, including a dominant stake held by Vietnam National Cement Corporation, the financial data reflects elevated credit risk. The combination of shrinking revenue, ongoing losses and deeply negative net worth suggests that counterparties should exercise strict credit control measures.

For businesses seeking to minimize financial exposure when dealing with HALONG CEMENT JOINT STOCK COMPANY, obtaining an updated credit report from VNBIS.COM is strongly recommended. An updated report provides the latest financial data, ownership verification, legal status review and risk assessment indicators to support informed decision-making.