VAS GROUP NGHI SON JOINT STOCK COMPANY

VAS GROUP NGHI SON JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN TẬP ĐOÀN VAS NGHI SƠN) is a major player in Vietnam's iron and steel manufacturing industry, with operations centered in the Nghi Son Economic Zone, Thanh Hoa Province. Established on December 24, 2007, the company has over 17 years of experience in the production and distribution of steel products. As a privately held joint stock company, VAS GROUP NGHI SON is known for its commitment to providing high-quality iron and steel products to both domestic and international markets.

Financial Performance & Market Presence

VAS GROUP NGHI SON reported total assets of $695.68 million in 2023, reflecting a 1.5% growth from the previous year. However, revenue declined to $1.13 billion, a 11.06% drop, while the company recorded a net loss of $29.33 million, marking a 67.1% improvement from its previous year’s loss. The fluctuating financial performance suggests that the company is undergoing restructuring or market adjustments, making financial due diligence essential for potential partners.

Leadership & Operations

The company is led by Chairman and General Director Mr. Nguyen Bao Giang, alongside a dedicated management team:

• Deputy General Director: Mr. Dinh Xuan Duc
• Deputy General Director: Ms. Huynh Thi Quynh Thu

With approximately 700 employees, VAS GROUP NGHI SON operates in various sectors related to steel production, construction, and metal trading. The company’s core business includes:

• Manufacturing iron, steel, and cast iron
• Wholesale of metals and machinery
• Iron ore mining
• Civil engineering and construction projects
• Recycling and processing scrap metal

VAS GROUP NGHI SON also maintains a strategic presence in Ho Chi Minh City, with a representative office supporting its nationwide operations.

Growth & Industry Position

As part of Vietnam’s growing steel manufacturing industry, VAS GROUP NGHI SON is strategically positioned to capitalize on infrastructure development and industrial expansion. However, its recent financial downturnunderscores the importance of assessing credit risk, financial stability, and market positioning.

For businesses looking to collaborate with VAS GROUP NGHI SON JOINT STOCK COMPANY, obtaining a detailed financial report and risk assessment from VANGUARD BUSINESS INFORMATION LLC (VBI) can provide crucial insights into its financial health and business prospects.