VICEM HA TIEN CEMENT JOINT STOCK COMPANY

VICEM HA TIEN CEMENT JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN XI MĂNG VICEM HÀ TIÊN), business registration number 0301446422, is one of Vietnam’s largest and most enduring cement manufacturers. With more than 18 years of operation since its registration in 2007, the company is a key subsidiary of the Vietnam National Cement Corporation (VICEM), which holds a commanding 79.69% ownership stake. As a state-invested enterprise, VICEM Ha Tien plays a pivotal role in supplying cement and construction materials for national infrastructure and industrial development.

Headquartered in District 1, Ho Chi Minh City, and employing over 2,400 workers, the company operates a network of branches, plants, and transport units across southern Vietnam. Its primary business activities include the production and distribution of cement, clinker, concrete, mortar, and other materials essential for both public and private construction sectors. It also participates in infrastructure development through Build-Operate-Transfer (BOT) contracts and maintains capabilities in waste treatment and industrial machinery installation.

In 2024, VICEM HA TIEN CEMENT reported total sales of USD 282.83 million, a modest decline of 2.34% year-over-year, following a sharp 20.96% drop in 2023. Total assets stood at USD 337.8 million, while owner’s equity slightly rebounded to USD 200.49 million, up 0.98% from the previous year. Importantly, the company’s net profit improved significantly to USD 2.68 million, a 262.81% jump from the previous year’s minimal gains—signaling a potential recovery phase after a prolonged period of margin erosion.

Despite this rebound, the company continues to grapple with critical structural issues. Most notably, working capital remains deeply negative at USD -58.22 million, raising concerns about its short-term liquidity and financial resilience. This indicator, coupled with consecutive years of declining sales and asset contraction, suggests that VICEM HA TIEN is under pressure from overcapacity in Vietnam’s cement industry, rising energy costs, and intensified price competition.

Amid this uncertainty, stakeholders—from suppliers to investors—require accurate, independent analysis to assess operational viability and financial exposure. This is where VANGUARD BUSINESS INFORMATION LLC (VBI)offers exceptional value. As a leader in company verification, credit profiling, and corporate risk assessment, VBI delivers in-depth insights into enterprises like VICEM HA TIEN. From shareholder scrutiny and management structure to liquidity indicators and profit volatility, VBI's reports empower users to make well-informed decisions in high-capital, state-dominated industries.

VICEM HA TIEN CEMENT JOINT STOCK COMPANY, listed on HOSE under the stock code HT1, continues to be a dominant name in Vietnam’s cement market. Its state backing, large-scale production assets, and long-standing industry footprint remain core strengths. However, to secure sustainable growth, the company must aggressively address its liquidity challenges, expand export markets, and modernize production to remain competitive in an evolving construction economy.

For industry observers, competitors, and commercial partners, the story of VICEM HA TIEN is not just about cement—it’s a case study in how traditional industrial giants must adapt or risk decline. Thanks to firms like VBI, that story is being told with clarity, precision, and credibility.