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VICEM HOANG THACH CEMENT COMPANY LIMITED

Active

Business ID 0800004797

84-220 / 3821 092

VICEM HOANG THACH CEMENT COMPANY LIMITED

Active

Business ID 0800004797

84-220 / 3821 092

VICEM HOANG THACH CEMENT COMPANY LIMITED

Active

Summary

Name:

VICEM HOANG THACH CEMENT COMPANY LIMITED

Business ID (TIN):

0800004797

Date of Registration:

01 Jul 2011

Registered Office:

Hai Duong Province Department of Planning and Investment

Address:

Bich Nhoi 2 Area, Minh Tan Ward, Kinh Mon Town, Hai Duong Province, Vietnam

Phone:

84-220 / 3821 092

Financial Statement:

2020, 2021, 2022, 2023, 2024

Operating from Hai Duong with a designed capacity of 3.5 million tons per year, VICEM HOANG THẠCH CEMENT COMPANY LIMITED is a key subsidiary in Vietnam's state-owned cement network. Despite its scale, recent data highlights a company confronting structural challenges that are far from

Weak Financial Performance & Margin Erosion

Recent industry analysis exposes alarming trends:

Revenue dropped 23.2% year-on-year, indicating subdued demand or falling prices.
Operating profit plunged 78.8%, while net loss widened by 85.7%, pointing to near-total margin collapse
Net profit margin sits in negative territory—approximately –2.8%—dramatically below breakeven.

These weaknesses suggest VICEM Hoang Thach is not merely down in performance—it is losing per ton sold, a dangerous sign in a commodity industry.

Market Conditions & Structural Overcapacity

Vietnam’s cement sector is suffering from massive overproduction:

Domestic capacity stands at ~120 Mt/year, while actual demand lags at 65 Mt.
Companies are stockpiling clinker outdoors, raising inventory holding costs and pollution risks.

Added to this are energy cost surges—from coal to electricity—straining already fragile unit economics.

Rising Leverage & Liquidity Risk

Against a backdrop of falling equity, debt-to-equity ratios have climbed to 11.8×, signaling increased risk-taking, easily-strained cash flows and tiny liquidity buffers amplify solvency concerns if markets remain sluggish.

Systemic Risk & Regulatory Scrutiny

As part of the broader VICEM state-owned group, Hoang Thach is subject to government oversight:

VICEM Corporation posted consecutive losses—VND 2.24 trillion cumulatively in 2023–24.
Financial regulators have begun inspections and forced provisions for underperforming assets, underlining systemic concerns.

In this environment, financial interlinkages and contingent liabilities are not hypothetical—they are imminent.

Why This Matters for Risk Management

For credit managers, lenders, suppliers, or strategic partners, VICEM Hoang Thach represents a high‐volume but high-risk profile:

Bleeding margins and losses threaten cash flow and debt capacity.
Heavy leverage erodes financial flexibility.
Downside demand and government interventions may trigger forced asset impairments or operational changes.

Surface-level analysis won't cut it. Stakeholders require detailed, accurate, and current intelligence to mitigate exposure.

Your Best Next Step: A Full VBI Risk Intelligence Report

For an entity burdened by decline, sector oversupply, and regulatory pressure, comprehensive due diligence is essential. VANGUARD BUSINESS INFORMATION LLC (VBI) offers a step-change in risk assessment with services like:

Cash flow stress testing under demand and pricing shocks
Debt maturity and contingent liability mapping
Ownership and group exposure analysis
Regulatory and inspection history
Real-time monitoring of market and financial distress signals

Before engaging in any agreement or extending credit, risk professionals are advised to purchase VBI’s full intelligence report. It’s not just a smart move—it’s a necessity in managing risk in today’s unstable commodity markets.

VICEM HOANG THẠCH CEMENT COMPANY LIMITED remains a large-scale player, but not without sharp vulnerabilities. In an era of margin compression and sectoral uncertainty, clarity is crucial—and the VBI report delivers precisely that.

Legal Profile

English Name:

VICEM HOANG THACH CEMENT COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH MỘT THÀNH VIÊN XI MĂNG VICEM HOÀNG THẠCH

Short Name:

CÔNG TY XI MĂNG VICEM HOÀNG THẠCH

Business ID (TIN):

0800004797

Date of Registration:

01 Jul 2011

Registered Office:

Hai Duong Province Department of Planning and Investment

Ownership Status:

State-owned

Operation Status:

Active

Contacts

Key Decision Makers:

+ LE X.K

+ LE T.D

+ NGUYEN H.M

Address:

Bich Nhoi 2 Area, Minh Tan Ward, Kinh Mon Town, Hai Duong Province, Vietnam

Phone:

84-220 / 3821 092

Branch:

Alley 122 Vinh Tuy, Vinh Tuy ward, Hai Ba Trung District, Ha Noi City, Vietnam

Branch:

Den Rong Quarter, Dinh Bang Ward, Tu Son City, Bac Ninh Province, Vietnam

Business Sector

Key business lines:

VSIC:

2394 Manufacture of cement, lime and plaster

NACE:

23.5 Manufacture of cement, lime and plaster

Industry Sales Growth

CAGR (2019 - 2023)

-5.33%

YoY (2023)

-7.46%

Companies by industry

Company distribution and propportions

679

0.0234%

Key Industry Players

Top 10 companies in manufacture of cement, lime and plaster industry

chinfon cement corporation nghi son cement corporation siam city cement (vietnam) limited vicem ha tien cement joint stock company vicem hoang thach cement company limited vissai ninh bình joint stock company long son company limited song lam cement joint stock company xuan thanh cement joint stock company thanh thang group cement joint stock company

Payment History

Purchase the report to access company details.

Financial Performance

Assets	17.28%
Owner’s Equity	77.68%
Working Capital	-42.46%
Net Worth	-97.32%
Sales	-8.13%
Operating income	78.02%
EBIT	-84.10%
Gross Profit Margin	97.26%
Debt to EBITDA	2.69%

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EBITDA

Working Capital

Tangible Net Worth

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Subsidiary and Affiliated Company

Management and Directors

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Business Operation

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Credit Limit

Industry Information

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Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About VICEM HOANG THACH CEMENT COMPANY LIMITED

When did VICEM HOANG THACH CEMENT COMPANY LIMITED start operating?

VICEM HOANG THACH CEMENT COMPANY LIMITED was started in 01 Jul 2011

What industry does VICEM HOANG THACH CEMENT COMPANY LIMITED operate in?

VICEM HOANG THACH CEMENT COMPANY LIMITED is operating in "Manufacture of cement, lime and plaster" industry

How can I contact VICEM HOANG THACH CEMENT COMPANY LIMITED?

VICEM HOANG THACH CEMENT COMPANY LIMITED phone numbers is 84-220 / 3821 092

What adverse news is there about VICEM HOANG THACH CEMENT COMPANY LIMITED?

VICEM HOANG THACH CEMENT COMPANY LIMITED’s has 1 bad news

What is stock symbol of VICEM HOANG THACH CEMENT COMPANY LIMITED?

VICEM HOANG THACH CEMENT COMPANY LIMITED is not listed company

Where is the location of VICEM HOANG THACH CEMENT COMPANY LIMITED?

VICEM HOANG THACH CEMENT COMPANY LIMITED is located at Bich Nhoi 2 Area, Minh Tan Ward, Kinh Mon Town, Hai Duong Province, Vietnam

What is VICEM HOANG THACH CEMENT COMPANY LIMITED’s business registration?

VICEM HOANG THACH CEMENT COMPANY LIMITED business registration is 0800004797

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