NHAT NAM JOINT STOCK COMPANY

NHAT NAM JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN NHẬT NAM) is a privately held trading enterprise operating in Vietnam’s metals and construction materials supply sector. Established on 02 April 2007, NHAT NAM JOINT STOCK COMPANY has built more than 18 years of operational history, with its core business centered on wholesale trading of steel and metal products serving construction and infrastructure markets.

Legal Status and Corporate Profile

NHAT NAM JOINT STOCK COMPANY is registered under Business ID and Tax Identification Number 0500557134 with the Ha Noi City Department of Finance. The company’s transaction office is located at Suite 408, CT5, Tan Trieu Urban Area, Thanh Liet Ward, Ha Noi City, Vietnam, while its registered address is at Xa La New Urban Area, Ha Dong District, Ha Noi City. It operates as an active joint stock company with private ownership.

The company has a charter capital of approximately USD 2.05 million, with paid-up capital slightly higher at around USD 2.07 million as of the most recent reporting period. Despite a lean workforce of only 16 employees, the company manages a large trading scale, reflecting a capital- and turnover-intensive business model rather than labor-intensive operations.

Core Operations and Business Scope

The principal activity of NHAT NAM JOINT STOCK COMPANY is trading steel and metal products. The company supplies materials primarily to construction contractors, project developers, and related industrial clients. Its registered business scope is notably broad, covering wholesale of metals and metal ores, construction materials, non-specialized wholesale trade, freight transport, demolition, site preparation, building completion, mechanical and electrical installation, and selected real estate-related activities.

While steel trading remains the core revenue driver, this wide registration profile allows the company to participate flexibly in construction-linked supply chains and project-based opportunities.

Management and Ownership Structure

The company is led by its Director, Ms. NGUYEN T. T. L., who also serves as the controlling shareholder. Ownership is concentrated, with Ms. NGUYEN T. T. L. holding 80% of the company’s equity. The remaining shares are held by two individual shareholders, each with a minority stake. The Chief Accountant, Ms. PHAM T. T. T, manages financial oversight.

This ownership structure indicates centralized decision-making and strong alignment between management control and shareholder interests, a common feature among privately held trading companies.

Financial Performance and Trends

Financially, NHAT NAM JOINT STOCK COMPANY recorded substantial expansion in scale. Total assets increased sharply, reflecting higher trading volumes and expanded working assets. Sales revenue nearly doubled year-on-year, indicating a significant rebound in steel trading activity after a weaker prior period.

Profitability improved dramatically, with net profit rising sharply from a low base, suggesting improved margins, better cost control, or favorable market conditions in the steel sector. Owner’s equity increased steadily, strengthening the capital base. However, working capital declined materially, indicating greater short-term funding pressure as trading volumes expanded.

Overall, the financial profile reflects a fast-growing steel trading company that is balancing strong revenue growth with tighter liquidity dynamics.

Business Outlook and Risk Considerations

Operating in the steel and construction materials market exposes NHAT NAM JOINT STOCK COMPANY to commodity price volatility, demand cycles tied to construction activity, and working-capital intensity. The combination of rapid sales growth and declining working capital underscores the importance of liquidity management and credit discipline.

For banks, insurers, suppliers, and business partners, close attention should be paid to cash-flow cycles, inventory turnover, and counterparty exposure. A comprehensive and up-to-date company report remains essential for evaluating creditworthiness, ownership concentration, and operational sustainability.