VAS STEEL VIET MY LIMITED LIABILITY COMPANY

VAS STEEL VIET MY: Resilient Progress in Vietnam’s Steel Manufacturing Industry

VAS STEEL VIET MY LIMITED LIABILITY COMPANY, known in Vietnamese as CÔNG TY TNHH MỘT THÀNH VIÊN THÉP VAS VIỆT MỸ, is a core member of the VAS Group, contributing significantly to Vietnam’s steel production landscape. Established on December 3, 2008, and headquartered at Road No. 2, Hoa Khanh Industrial Park, Da Nang City, the company operates as a privately held, one-member limited liability entity with 100% ownership held by VAS STEEL AN HUNG TUONG CO., LTD, based in Binh Duong Province.

Under the leadership of General Director Mr. LE CONG XINH, the company has grown to employ approximately 280 staff and remains active in the manufacturing of steel wire coils, deformed bars, and other fabricated metal products. In addition to production, VAS STEEL VMS engages in activities such as metal treatment, specialized wholesale of metal and construction materials, and logistics services.

As of the end of 2023, the company reported total assets of approximately USD 38.64 million, marking a decline of over 10% from the previous year. However, this contraction follows a steep drop in 2022, indicating a stabilization phase rather than continued deterioration. Despite the downsizing of assets, owner’s equity improved modestly, rising to USD 6.37 million, or a 7.12% increase from 2022, signaling better capital efficiency and internal strengthening.

VAS STEEL VIET MY recorded total sales of USD 192.38 million in 2023, slightly down from its 2022 revenue of over USD 206 million. This 7.02% decrease reflects broader pressures in the global and domestic steel markets. Yet, notably, the company turned a corner in profitability—after a loss of more than USD 2.36 million in 2022, it achieved a net profit of USD 423,592 in 2023, representing a remarkable 117.92% swing into the positive.

The company’s working capital stood at approximately USD 2.82 million, providing a modest buffer for ongoing operations and obligations. With a paid-up capital base of over USD 5.75 million, VAS STEEL VMS remains in a strong position to reinvest in manufacturing upgrades and market expansion.

While still navigating industry volatility, the company’s renewed profitability and maintained production scale reflect resilience and operational discipline. For stakeholders, this makes VAS STEEL VIET MY an important case study in risk-adjusted recovery, especially in a sector prone to raw material fluctuations, infrastructure policy shifts, and regional competition.

VANGUARD BUSINESS INFORMATION LLC (VBI) recognizes VAS STEEL VIET MY as a key player in Vietnam’s heavy industry ecosystem. For investors and suppliers seeking company financial data, risk assessments, or due diligence reports, VBI provides authoritative insight into this and other top-tier Vietnamese industrial firms.