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VARD VUNG TAU LTD

Active

Business ID 3500781205

84-254 / 3615 600 / +84 / 908 089 840

VARD VUNG TAU LTD

Active

Business ID 3500781205

84-254 / 3615 600 / +84 / 908 089 840

VARD VUNG TAU LTD

Active

Summary

Name:

VARD VUNG TAU LTD

Business ID (TIN):

3500781205

Date of Registration:

30 Jun 2006

Registered Office:

Ba Ria - Vung Tau Province Department of Planning and Investment

Address:

Road No. 6, Dong Xuyen Industrial Park, Rach Dua Ward, Vung Tau City, Ba Ria - Vung Tau Province, Vietnam

Phone:

84-254 / 3615 600 / +84 / 908 089 840

Financial Statement:

2020, 2021, 2022, 2023, 2024

VARD VUNG TAU LTD (CÔNG TY TNHH VARD VŨNG TÀU) is one of Vietnam’s leading shipbuilding companies and a strategic subsidiary of VARD Group, a global leader in the design and construction of specialized vessels headquartered in Norway. The company’s shipyard is located at Road No. 6, Dong Xuyen Industrial Park, Rach Dua Ward, Vung Tau City, Ba Ria – Vung Tau Province, and it operates under Business ID: 3500781205, issued by the Ba Ria – Vung Tau Department of Planning and Investment on June 30, 2006

As part of the Fincantieri Group, one of the world’s largest shipbuilding conglomerates, VARD Vung Tau plays a vital role in producing advanced offshore and specialized vessels, including fishing, expedition, and service ships, that meet the rigorous standards of international clients. The company is managed by Mr. Sivert Ronning Skarn (General Director, Norwegian), supported by Mr. Tran T. B. (Deputy General Director) and Ms. Nguyen T. D. H. (Chief Accountant), reflecting a balanced integration of foreign expertise and local talent.

The shipyard employs approximately 1,500 workers, equipped with modern dry docks, assembly halls, and outfitting facilities capable of handling large-scale projects. Besides shipbuilding, VARD Vung Tau engages in metal fabrication, ship repair, and machinery installation, strengthening its position as a full-service marine engineering hub in Southeast Asia.

Financially, VARD VUNG TAU LTD demonstrated outstanding growth in 2023, with total assets rising to USD 163.45 million, up 11.96% year-on-year, and equity reaching USD 81.12 million, an increase of 29.77%. Revenue climbed to USD 101.69 million, reflecting a 17.76% growth, while net profit more than doubled (▲105.56%) to USD 16.53 million. The company’s working capital of USD 31.37 million underscores strong liquidity and effective project cash-flow management

This impressive performance marks the company’s best year to date, fueled by rising global demand for offshore support vessels and renewable energy infrastructure. As the global maritime sector pivots toward cleaner and more efficient ship designs, VARD VUNG TAU LTD is strategically positioned to capitalize on this trend with its high-value engineering capacity and strong corporate backing from VARD Singapore Pte. Ltd. (100% ownership).

With nearly two decades of operation in Vietnam, VARD Vung Tau has solidified its reputation as a reliable and technologically advanced shipbuilder serving international clients. Its financial resilience and continuous innovation highlight its contribution not only to Vietnam’s industrial development but also to the regional maritime economy.

For companies or investors seeking deeper insight into VARD VUNG TAU LTD’s 2024 performance, risk rating, and credit outlook, an updated report is available through VNBIS (Vanguard Business Information LLC). The report provides detailed analysis for strategic partnerships, trade credit evaluation, and risk management in Vietnam’s shipbuilding and engineering industries.

Information verified and summarized by VANGUARD BUSINESS INFORMATION LLC (VNBIS), Vietnam’s trusted provider of company intelligence, financial analysis, and credit risk assessment.

Legal Profile

English Name:

VARD VUNG TAU LTD

Vietnamese Name:

CÔNG TY TNHH VARD VŨNG TÀU

Business ID (TIN):

3500781205

Date of Registration:

30 Jun 2006

Registered Office:

Ba Ria - Vung Tau Province Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ SIVERT R.S

+ TRAN T.B

+ NGUYEN T.D.H

Address:

Road No. 6, Dong Xuyen Industrial Park, Rach Dua Ward, Vung Tau City, Ba Ria - Vung Tau Province, Vietnam

Phone:

84-254 / 3615 600 / +84 / 908 089 840

Business Sector

Key business lines:

VSIC:

3011 Building of ships and floating structures

NACE:

30.11 Building of ships and floating structures

Industry Sales Growth

CAGR (2019 - 2023)

10.91%

YoY (2023)

15.01%

Companies by industry

Company distribution and propportions

1,176

0.0405%

Key Industry Players

Top 10 companies in building of ships and floating structures industry

petrovietnam marine shipyard joint stock company vard vung tau ltd dong bac shipbuldinh industry joint stock company hong ha shipbuilding one member limited liability company 189 one member limited liability company song cam shipbuilding joint stock company hd hyundai vietnam shipbuilding co.,ltd pacific shipbuilding joint stock company damen-songcam shipyard co., ltd vinacomin - mineral mechanic and shipbulding join stock company

Payment History

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Financial Performance

Assets	-85.09%
Owner’s Equity	-55.17%
Working Capital	-72.57%
Net Worth	-55.70%
Sales	43.05%
Operating income	79.19%
EBIT	-97.28%
Gross Profit Margin	88.94%
Debt to EBITDA	-87.13%

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Specific Questions About VARD VUNG TAU LTD

When did VARD VUNG TAU LTD start operating?

VARD VUNG TAU LTD was started in 30 Jun 2006

What industry does VARD VUNG TAU LTD operate in?

VARD VUNG TAU LTD is operating in "Building of ships and floating structures" industry

How can I contact VARD VUNG TAU LTD?

VARD VUNG TAU LTD phone numbers is 84-254 / 3615 600 / +84 / 908 089 840

What adverse news is there about VARD VUNG TAU LTD?

VARD VUNG TAU LTD’s has no negative news

What is stock symbol of VARD VUNG TAU LTD?

VARD VUNG TAU LTD is not listed company

Where is the location of VARD VUNG TAU LTD?

VARD VUNG TAU LTD is located at Road No. 6, Dong Xuyen Industrial Park, Rach Dua Ward, Vung Tau City, Ba Ria - Vung Tau Province, Vietnam

What is VARD VUNG TAU LTD’s business registration?

VARD VUNG TAU LTD business registration is 3500781205

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