NAM PHAT SG STEEL JOINT STOCK COMPANY

NAM PHAT SG STEEL JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN THÉP NAM PHÁT SG) is a young but fast-growing steel trading enterprise headquartered in Nam Thuận Industrial Park, Long An Province. Established in 2022, the company specializes in importing, cutting, and distributing steel and stainless-steel products—serving construction, manufacturing, and industrial clients across southern Vietnam.

Despite being in operation for just over three years, the company has scaled aggressively. Sales surged to USD 161.74 million in 2024, marking a remarkable 72% year-on-year increase, while total assets expanded to USD 48.77 million, reflecting ongoing investment into inventory and operations. Ownership is concentrated, with Pham H. L. holding 65%, supported by two minority shareholders.

However, NAM PHAT SG STEEL continues to face profitability challenges. Even with rising revenue, the company reported a loss of USD 385,180 in 2024, following a much larger deficit in 2023. Working capital remains thin at USD 341,453, indicating tight liquidity conditions common among fast-scaling trading companies. Still, equity improved significantly in 2024, rising by 78%, suggesting stronger capital reinforcement from shareholders.

Beyond its core steel trading business, the company holds a comprehensive set of registered activities—from freight transport and vehicle trading to specialized design and food wholesale—reflecting a flexible business model but also signaling operational dispersion.

Overall, NAM PHAT SG STEEL is an ambitious steel trader expanding quickly in the southern industrial corridor. The company’s next stage will depend on stabilizing margins, improving working-capital management, and converting its strong sales growth into sustainable profitability.