HANOI STEEL AND TRADE JOINT STOCK COMPANY: A Steel Wholesaler Under Financial Pressure

HANOI STEEL AND TRADE JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN THÉP VÀ THƯƠNG MẠI HÀ NỘI), registered under business ID and tax code 5400363141, is a privately held Vietnamese enterprise specializing in the wholesale of steel and constructional materials. Established on April 28, 2011, this joint stock company is legally registered with the Hoa Binh Province Department of Planning and Investment but operates primarily from its transaction office in Ha Dong District, Hanoi.

Over the past decade, HANOI STEEL AND TRADE JOINT STOCK COMPANY has built its presence across multiple industrial regions, with a key branch in Hai Duong Province. The company’s charter capital stands at approximately USD 204,593, with a paid-up capital of USD 949,016 as of December 31, 2023. It employs about 30 staff members, primarily serving Vietnam’s construction and industrial sectors.

Financial Challenges and Declining Equity

According to the latest financial report, HANOI STEEL AND TRADE JOINT STOCK COMPANY recorded:

• Total Assets: USD 72.05 million (↓ 0.85% YoY)

• Revenue: USD 340.29 million (↓ 11.34% YoY)

• Net Profit: USD -112,144 (improved by 91.7% YoY but still in the red)

• Owner's Equity: USD -2.38 million, reflecting negative net worth

The negative equity and working capital suggest a fragile financial structure. Despite moderate sales, the company continues to operate at a loss, raising concerns about long-term sustainability and creditor exposure. These financial indicators underscore the importance of risk assessment and credit verification before entering any business partnerships with companies in similar situations.

Leadership and Shareholding

The company is led by Mr. DAO QUANG TIEN, who serves as Director and is also one of the major shareholders. Another notable shareholder is Ms. DANG THI HAT, each holding 16.66% of the company’s shares along with four other Vietnamese individuals and one anonymous shareholder, all with equal ownership.

As seen in many Vietnamese joint stock companies, familial or internal networks dominate the ownership structure, which adds another layer of risk in terms of governance and transparency — a vital consideration for foreign investors and local partners alike.

Why Risk Management Services Matter

For institutions and businesses seeking to engage with firms like HANOI STEEL AND TRADE JOINT STOCK COMPANY, it is critical to access independent and data-driven company reports. At VANGUARD BUSINESS INFORMATION LLC (VBI), we provide specialized services in:

• ✅ Risk management and credit evaluation

• ✅ Company litigation search

• ✅ Shareholder verification

• ✅ Director history and background checks

These services are essential to mitigate risks and ensure informed decision-making in Vietnam’s increasingly competitive and complex business landscape.