VICEM HAI PHONG CEMENT COMPANY LIMITED

VICEM HAI PHONG CEMENT COMPANY LIMITED, legally registered as Công Ty TNHH Một Thành Viên Xi Măng Vicem Hải Phòng, is a long-established enterprise in Vietnam’s construction materials sector. Founded on September 15, 1993, the company operates as a one-member limited liability company with complete ownership held by the Vietnam National Cement Corporation (VICEM). It is registered under business ID and tax code 0200155219 with the Hai Phong Department of Planning and Investment. The company’s head office is in Trang Kenh, Minh Duc Town, Thuy Nguyen City, Hai Phong, supported by an operational branch at No. 195 Bach Dang Street, Hong Bang District, Hai Phong City.

Under the leadership of General Director Mr. Tran V. T., the company manages a workforce of over 1,100 employees. VICEM Hai Phong’s core business revolves around the production and trade of cement. Still, its registered activities extend into manufacturing plastic products, refractory materials, clay building components, specialized machinery, civil engineering, hydraulic construction, and industrial equipment installation. It also has retail, wholesale, waterway, and passenger transport licenses and consultancy services, showcasing an integrated industrial capability.

Financially, the company remains asset-rich and structurally stable. As of the end of 2023, total assets stood at USD 62.52 million, and equity remained unchanged at USD 37.8 million, reflecting long-term capital reliability. However, sales declined sharply in 2023 to USD 112.41 million, down from USD 134.45 million in 2022. The drop in revenue affected profitability, with net profit plummeting to just USD 64,291, a significant fall from the previous year’s USD 2.85 million. However, working capital rebounded positively to USD 2.47 million, indicating improved short-term liquidity.

This performance suggests that while VICEM Hai Phong Cement retains a strong production base and capital structure, it faces increased pressure from market fluctuations, competition, or pricing constraints. The cement industry in Vietnam has seen overcapacity and rising energy costs, which may have contributed to the margin squeeze experienced in 2023.

For stakeholders—including suppliers, contractors, and financiers—accessing updated and reliable data on legacy industrial players like VICEM Hai Phong is essential. Through VNBIS (Vanguard Business Information LLC), businesses can obtain in-depth financial reports, risk profiles, and due diligence assessments to make confident decisions in Vietnam’s infrastructure and building materials sector.

With over three decades of operation, VICEM Hai Phong Cement remains a pillar of the northern region’s cement supply chain. Its historical importance, strategic location, and affiliation with VICEM continue to make it a key player in Vietnam’s infrastructure development—despite current challenges in profitability.