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TUNG HO STEEL VIETNAM CORPORATION LIMITED

Active

Business ID 3500791394

84-254 / 3924 461 / 3924 462 / 3924 463 / 3924 464

TUNG HO STEEL VIETNAM CORPORATION LIMITED

Active

Business ID 3500791394

84-254 / 3924 461 / 3924 462 / 3924 463 / 3924 464

TUNG HO STEEL VIETNAM CORPORATION LIMITED

Active

Summary

Name:

TUNG HO STEEL VIETNAM CORPORATION LIMITED

Business ID (TIN):

3500791394

Date of Registration:

02 Apr 2007

Registered Office:

Ho Chi Minh City Department of Finance

Address:

Phu My II Industrial Park, Ho Chi Minh City, Vietnam

Phone:

84-254 / 3924 461 / 3924 462 / 3924 463 / 3924 464

Fax:

(84-254) 3924 465

Financial Statement:

2020, 2021, 2022, 2023, 2024

TUNG HO STEEL VIETNAM CORPORATION LIMITED (Vietnamese name: CÔNG TY TNHH THÉP TUNG HO VIỆT NAM, business registration number 3500791394) is a 100% Taiwanese-owned steel manufacturer operating out of Phu My II Industrial Park, Ba Ria – Vung Tau. With total assets exceeding USD 245 million and annual sales of USD 256.75 million in 2023, the company remains one of the major FDI-backed players in Vietnam’s heavy industry sector.

But while revenue jumped 35.43% last year, the story isn't entirely glowing—TUNG HO STEEL VIETNAM also posted a net loss of USD 12.5 million, an improvement from the previous year’s deeper loss, but still a red flag for stakeholders. Working capital stands at a concerning negative USD 12 million, and equity declined by nearly 7%, hinting at deeper operational inefficiencies or market volatility in raw material costs.

The company employs around 410 staff and specializes in the manufacturing of iron, steel, and cast iron products—key components for Vietnam's infrastructure and construction boom. With registered real estate activities as well, the firm may be eyeing vertical integration or diversification, but financial sustainability remains a core issue.

For businesses seeking to partner, supply, or invest in heavy industry, understanding the financial health, ownership structure, and risk profile of firms like TUNG HO STEEL VIETNAM is essential. That’s where VANGUARD BUSINESS INFORMATION LLC (VBI) comes in.

VBI provides independent, in-depth business verification, credit reporting, and risk management services for companies operating in Vietnam and internationally. Through verified data like that in this report, VBI enables clients to identify red flags early, make confident decisions, and protect against partnership or investment risk.

To access full company reports, litigation checks, or risk ratings, visit vnbis.com — your trusted gateway to business intelligence in Vietnam.

Legal Profile

English Name:

TUNG HO STEEL VIETNAM CORPORATION LIMITED

Vietnamese Name:

CÔNG TY TNHH THÉP TUNG HO VIỆT NAM

Short Name:

THSVC

Business ID (TIN):

3500791394

Date of Registration:

02 Apr 2007

Registered Office:

Ho Chi Minh City Department of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ HOU, W

+ PHAN T.K.H

Address:

Phu My II Industrial Park, Ho Chi Minh City, Vietnam

Phone:

84-254 / 3924 461 / 3924 462 / 3924 463 / 3924 464

Fax:

(84-254) 3924 465

Representative office:

Room 1801, 18th Floor, Cobi Tower I Building, No. 5, Hoang Van Thai Street, Tan My Ward, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

2410 Manufacture of iron, steel and cast iron

NACE:

24.10 Manufacture of basic iron and steel and of ferro-alloys

NAICS:

3311 Iron and Steel Mills and Ferroalloy Manufacturing

Industry Sales Growth

CAGR (2019 - 2023)

4.05%

YoY (2023)

-9.69%

Companies by industry

Company distribution and propportions

1,726

0.0594%

Key Industry Players

Top 10 companies in manufacture of iron, steel and cast iron industry

viet nam steel corporation hoa sen group vas group nghi son joint stock company formosa ha tinh steel corporation smc trading investment joint stock company hoa phat group joint stock company hoa phat hai duong steel joint stock company nam kim steel joint stock company hoa phat hung yen steel limited liability company hoa phat dung quat steel joint stock company

Payment History

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Financial Performance

Assets	-57.56%
Owner’s Equity	-88.86%
Working Capital	-83.05%
Net Worth	16.08%
Sales	34.58%
Operating income	38.24%
EBIT	-11.09%
Gross Profit Margin	-91.65%
Debt to EBITDA	72.68%

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Company Reports

Company Profile Report

Legal Profile

Contact and Location

Legal Representative

Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

Report Summary

Legal Profile

Historical Information

Business Locations

Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About TUNG HO STEEL VIETNAM CORPORATION LIMITED

When did TUNG HO STEEL VIETNAM CORPORATION LIMITED start operating?

TUNG HO STEEL VIETNAM CORPORATION LIMITED was started in 02 Apr 2007

What industry does TUNG HO STEEL VIETNAM CORPORATION LIMITED operate in?

TUNG HO STEEL VIETNAM CORPORATION LIMITED is operating in "Manufacture of iron, steel and cast iron" industry

How can I contact TUNG HO STEEL VIETNAM CORPORATION LIMITED?

TUNG HO STEEL VIETNAM CORPORATION LIMITED phone numbers is 84-254 / 3924 461 / 3924 462 / 3924 463 / 3924 464

What adverse news is there about TUNG HO STEEL VIETNAM CORPORATION LIMITED?

TUNG HO STEEL VIETNAM CORPORATION LIMITED’s has 24 bad news

What is stock symbol of TUNG HO STEEL VIETNAM CORPORATION LIMITED?

TUNG HO STEEL VIETNAM CORPORATION LIMITED is not listed company

Where is the location of TUNG HO STEEL VIETNAM CORPORATION LIMITED?

TUNG HO STEEL VIETNAM CORPORATION LIMITED is located at Phu My II Industrial Park, Ho Chi Minh City, Vietnam

What is TUNG HO STEEL VIETNAM CORPORATION LIMITED’s business registration?

TUNG HO STEEL VIETNAM CORPORATION LIMITED business registration is 3500791394

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TUNG HO STEEL VIETNAM CORPORATION LIMITED

TUNG HO STEEL VIETNAM CORPORATION LIMITED

TUNG HO STEEL VIETNAM CORPORATION LIMITED

Summary

Legal Profile

Contacts